Member Info for 1750mk1

what rampers ?

interesting morning here with fake spreads all over the place and high volume ... no P&D to be seen anywhere that I can see so Dim barking up the wrong tree. Looks like it could be heading for record volume, already close... no pump, no news, no smoke.

Lest anyone looking in not know or we forget amid the excitement of todays excellent Coho results ... we have a 95% chance oil drill in progress, nearing TD and fully funded... with a fast route to monetisation (I am sure Paul mentioned some time ago they can truck it out)

Let's also not forget that all these Ortoire drills, such as the Coho-1 results (only part of it in fact) we have seen blowing the doors off today ... are very much about proof of concept on the Ortoire block... is it something like 200 more targets get opened up as the geology concept of the block is proven like this ?

This is already transformational for TXP... more than doubling production with Gas that does not attract SPTax but will also take TXP to a whole new level of development drilling.

Hard to ignore the RvR really starting to stack up now.

First sign of PR in a long while ... wouldn't want to waste it. Could in itself be a sign we may be getting close to setting up for a move? Can't remember if we saw anything similar whilst stuck in the 600 range before the move to 800 and subsequently flashing the cash on a new acquisition.

Already doubled recent volume by 8:30... this is what we need.

materially undervalued now ... that result was only from the upper sands too, we have another payzone from the lower sand yet... Coro oil drill result incoming too (95% COS as was Coho)

Looks like a few traders clearing from the flash sale last week ... should start to see a more steady rise.

and that news drops on a crazy low SP from the overreaction to slight delays last week.

true enough and that would be nice to see, though more would be better :)

It was a very bullish piece. I like where it refers to several deals being in the pipeline...

"RockRose has completed six transactions since it was founded and several more are in the pipeline"

I don't agree it leaves RRE open to a cheap offer or an opportunist bid.

Macquarie were selling into the rise from sub 600... yet here we are 200% higher. Plus, they do not have much left and may not want to sell all anyway. So is it really a point worth making ?

"This is likely to change. RockRose has already proved that it can drive down costs and improve productivity. Crucially too, the company is adept at extending the life of newly acquired assets. As a result, fields are expected to produce oil and gas for longer and the cost of decommissioning them falls. Over time, the group’s track record is likely to win over even more investors, supporting share price growth.

At the same time, business conditions in the North Sea are improving. Operational costs are lower and the oil price is higher than when RockRose was founded – and regulations around decommissioning are changing, so those costs are reducing too"

"Midas verdict: RockRose has come a long way in a short time and should continue to make progress. Austin is a 27 per cent shareholder too so he is committed to success and keen to triple the size of the business over the next few years. At £17.35, the stock is a buy. "

Nice little something for the weekend.

Mail on Sunday link ... https://www.pressreader.com/uk/the-mail-on-sunday/20191117/283162905426429

This is Money Link ... https://www.thisismoney.co.uk/money/investing/article-7692869/Put-power-portfolio-North-Seas-oil-gas.html

"The shares are £17.35 and should increase in value as the business expands and profits increase.

The North Sea oil and gas landscape has changed considerably in recent years – and it continues to do so. Large US players are turning their attention to domestic operations. Japanese groups, which once saw the UK as a springboard to Europe, are no longer sure whether that notion holds water. And several UK firms are laden with debt.

That means assets are up for sale, often at bargain basement prices. RockRose has completed six transactions since it was founded and several more are in the pipeline. Just because there are willing sellers however, that does not mean the assets themselves are unattractive. They are simply neglected, offering plenty of potential for improvement under more caring owners.

And RockRose is a caring owner. From a standing start, the company is now producing more than 20,000 barrels of oil equivalent per day (including gas). It is profitable, has around £220million free cash and is keen to deploy that money both to reward shareholders and buy new assets.

Big investors are enthusiastic and the shares have performed well. However, there is plenty of room for further gains. The free cash alone is equivalent to almost £17 per share, which suggests that the oil and gas acreage is substantially undervalued."

https://www.thisismoney.co.uk/money/investing/article-7692869/Put-power-portfolio-North-Seas-oil-gas.html

This is Money article... 17th Nov 2019...

Put some power in your portfolio – with the North Sea’s oil and gas

A Rockrose is a tough, evergreen shrub, capable of growing fast whatever the external climate. Oil and gas group RockRose Energy is designed to follow suit.

The company was founded in January 2016, when the oil price appeared to be in freefall, having tumbled from more than $110 (£86) to little more than $30 in just 18 months. Many energy companies were panicking, weighed down by too much debt and a plethora of loss-making wells.

That was the environment in which Andrew Austin decided to set up RockRose. From the start the strategy was relatively straightforward – buy cheap oil and gas assets around the North Sea, invest time and money in them and thereby improve their productivity, efficiency and life expectancy....

Read more here...

https://www.thisismoney.co.uk/money/investing/article-7692869/Put-power-portfolio-North-Seas-oil-gas.html

Hedge-fund managers unwound bets that crude will fall at the fastest pace in 16 months as the prospects for a trade war truce and a slowdown in shale drilling helped futures rebound.

Oil short-sellers slashed their bearish positions on West Texas Intermediate crude by 41% in the week ended Nov. 12, data released Friday show. As they come into the market as buyers to close positions, they are contributing to oil’s 10% rebound since early October.

https://www.bloomberg.com/news/articles/2019-11-15/oil-short-selling-unwinds-in-view-of-shale-woes-trade-hopes

Get help.

63.7 atm ... highest since late sept and RRE at 1950.

lol... collapsing a whole 2% to the price it was 3 weeks ago.

gap at 2.9 as well ... where do you draw a line on which ones get filled and which don't ?... and if BTC goes on a tear up ?

Gaps just don't 'need' to be filled ... though gaps up are more commonly 'filled' than gaps down. Fair enough to have that 5.2 as a target to be fair though as there is that gap + fib.

I've got 5.2 on a fib. Gaps don't religiously fill, isn't there one at 3.5 ?. A move on BTC could change everything at anytime of course.

https://www.youtube.com/watch?v=4_sSAZ4qzRU