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Yep, you're right Sparky - in the end we're all dead and the end is coming to us all...
Meanwhile, I like the idea of buying a pile of cash (like paying 90p for £1 of 'readies' ) with the cash generating business thrown in for nothing.
Ergo, just bought another 2k shs at £14.98 earlier today - sasa.
indeed nkotb
One or 2 transparent here
Last few pandemics lasted for years, although the market fall only lasted a short while .... the market just want their pound of PI flesh before the turnaround.
Spivs are creaming themselves atm with this opportunity.
well why don't you ramp the **** out of it and see what happens ...lol
Who are you kidding mate your consistent doom mongering tells me otherwise
Oil still tanking. $51 Brent
Just need Trump to announce its Fake News and all is well again.
Lets see how the DOW finishes today.
Unless those words are "I have a cure" or "the disease has officially stopped spreading"
I wish I had sold. £23/sh is but a distant dream. I don't think anything anyone says anywhere in any capacity is going to stop this rout IMO.
Sparky sold out looking for 're entry l.ol
Short term capitulation across all sectors. Oil price will recover and Rockrose well set up for this type of situation, hence name. Balance sheet makes this attractive. Corona will affect supply chains and demand in oil, but for how long. Will central bankers add support? I expect so. Opportunity here in the medium term I think.
Valuations are meaningless when traders are positioning for global standstill and major business failures as a result.
Anything could happen, but for me risk v reward at 1500 is a clear buy. A safehaven. O&G prices go down and they can pick up cheap assets. They go up and revenue goes up. Hedging now looks like a very wise decision. Biggest position for me now - by a margin.
The SP could go far lower IMO. The selling is relentless.
RRE is only undervalued by about £22 per share....;o)
Markets are preparing for Armageddon. Brace yourselves !!