Member Info for BlueDefender

DOW only 10% off all time high, its like nothing ever happened, I don't think I will ever understand the illogic of the Stock market.
Are most businesses back up to rude health , I don't think so.

well that's not really a fair representation of what happened. I did not spread it as info.

I did my best to work out some things and at the end of my post I put

"Now I could be wrong on any of the above to please feel free to pick me up on any thing I have not understood correctly as I have only been involved here for about a month."

You did correct me and I accept that correction.

incorrect coldjoe, the first ones are happening now, the half life of all their decommissioning costs is 2030.

tonynorstrom1 , don't post anything slightly negative on here it is frowned upon, you know!
however I asked the same question about tax situation and was told by another poster that the tax rebate was not taken into account on the 1.1 billion

doh seb should have been £8.09
Re-posting this from 7.43am as it seems to have been lost , includes me and seb

Simply Wall Street £90.30
MTSpark £17.50
Fiah £16+
Maverick £15.00
Ammu £12.50
Rookie £12.00
Torham £11.50
Kenco £10.95
Killerpidgeon £10.70
sailintosunset £10.40
weather geek £10.30
Nonegs £10.20
Dana £10.00
Bobblicious £9.85
Barraband 9.55
blue £9.40
stuartv £9.30
Pro2 £9.20
ferrotty £9.01
New £8.80
Specialonek £9.70
Oilman1984 £8:20
sebs £8.09

Re-posting this from 7.43am as it seems to have been lost , includes me and seb

Simply Wall Street £90.30
MTSpark £17.50
Fiah £16+
Maverick £15.00
Ammu £12.50
Rookie £12.00
Torham £11.50
Kenco £10.95
Killerpidgeon £10.70
sailintosunset £10.40
weather geek £10.30
Nonegs £10.20
Dana £10.00
Bobblicious £9.85
Barraband 9.55
blue £9.40
stuartv £9.30
Pro2 £9.20
ferrotty £9.01
New £8.80
Specialonek £9.70
Oilman1984 £8:20
sebs £9.09

You need to be holding tomorrow evening to get divi, sell Thursday if you wish.

RE: Closing sp TuesdayToday 15:52
RE: Closing sp TuesdayToday 10:44
MTSpark £17.50
Fiah £16+
Maverick £15.00
Ammu £12.50
Rookie £12.00
Torham £11.50
Kenco £10.95
Killerpidgeon £10.70
sailintosunset £10.40
Nonegs £10.20
Dana £10.00
Bobblicious £9.85
Barraband 9.55
blue £9.40
stuartv £9.30
Pro2 £9.20
ferrotty £9.01
New £8.80
Specialonek £9.70
Oilman1984 £8:20
sebs £8.09

True lsetown there are decommissioning costs associated with Rockrose but I think the time line has been pushed out to 2030 at least for these costs to be found, and I believe they are looking at more efficient ways to manage these costs in the future.
Anyways that's why a bit of due diligence needs to be done. LOL

I understand Gozzie2 , but that's not what matters

Rockrose 13,114,387 shares in issue 883.0p MCap £115,800,037 producing 20K, £287M in the bank
Rockhopper 458,316,856 shares in issue 7.5p MCap £34,373,764 producing next to nothing, £17M in the bank

Rockrose valued at just 3 times Rockhopper

Sorry a bit off topic but it is a bank holiday weekend!

Excellent post surfit, Rockrose is where my money has been going into , since I discovered it three weeks ago. This company knows how to do things.

The market is still to wake up to the potential here:

Trading at about a third of the cash on the books
Producing 20,000 barrels a day
CEO owns 29% of the company, real skin in the game.
A CEO who knows how to make deals.
Pays a dividend with the stated view of continuing this practice.
Majority of assets are in the North sea so very stable environment.

So wish they were running RKH without PMO, as I have no faith in RKH management and Premiers debt pile.

Do yourselves a favor and do a bit of research into Rockrose this weekend!

I see my last post has gone missing so to repeat
When is our CEO and board going to cut their pay? Just what will it take?
2 more companies have cut pay today
Trainline CEO cut 50%
Redrow cut 20% across the board
And I have just heard Premier footballer player are to cut their wages to.

Does anyone on here have a very good understanding of these Surety Bonds, good enough to explain exactly how these work in layman's terms. who is lending to who what interest is being paid is it money we have to find in the future? a full explanation would be great if anyone can?

Below is from the presentation

Restricted cash reduced
? The Group has now replaced all cash
securities held in trust in respect of DSAs
with decommissioning surety bonds.
? At the end of 2019, the Group had in issue
$206.5 million of surety bonds with A rated
surety providers.

Yes BigBear2 blah blah blah........

RE: Lets do a closing price todayToday 07:22
Fiah £16 +
Degs £12.4
Rookie1 £12
Dana £10.5
PR02 £10.10
Kenco222 £9.95
Theshipscook1 £9.55
Barraband 9.85
Killerpidgeon £9.50
ferrotty £9.25
BlueDefender £9.05
Ammu £8.8

Fiah £16 +
Degs £12.4
Rookie1 £12
Dana £10.5
PR02 £10.10
Kenco222 £9.95
Theshipscook1 £9.55
Barraband 9.85
BlueDefender £9.05
Ammu £8.8

These RockRose figures were mainly in the marketplace but unsurprisingly there were a few pleasant surprises, the one I think is most pleasing is that the company has stress tested the numbers and comes out with a figure of $18 p/b at which the business runs given the harshest of environments, every which way RockRose seems to be in the extreme upper echelon of companies in the sector.

from Malcy's blog https://www.malcysblog.com/2020/04/oil-price-rockrose-dgo-jog-petrofac/

The spread is wild on this share sometimes 60p other times 15p I don't think this volatility is very helpful for trader/shareholders.

5:42 Oil surges as much as 35% on Trump production announcement

Novak remarks?

All good points MB10 but the one you left of and I like best is, the CEO owns nearly a third of the company that shows serious commitment and doing what is right for the company will follow.