Member Info for Coldjoe

Priced in brent definitely not RRE, but let’s see Monday, i will be happy if I’m wrong

Wouldn’t expect any fireworks on Monday since it’s probably already priced in brent, but very good news nonetheless!

Would be nice to get some positive RNS next week, not really sure what though hah

Doesn’t haven to be monster one either, another 100mil would do, which would still leave plenty of cash to be safe in case of another downturn

This company had average of two acquisitions/year and considering that the last one was Feb last year, one would assume that another is coming shortly

I did invest in this stock because of potential acquisition, brent is going up, we have the cash and there should be number of good opportunities, hope we will get something soon!

True although it never should have gone to under £5, absolutely ridiculous

Hah so all oilers with debt +10% today and we will do 0.5%? Noice :D

Strange that we had consolidated yesterday, yet there are a lot of additional sales today with brent up...

Fair enough, should do more reading before i post something hah

Wow 600+ mil original deal for 200mil now, that’s impressive! Surely we can get one of our own! We are in much better position for it than PMO too!

Hmm HUR has bigger mcap than us again, strange they have such a big volumes compared to us, must be much more known company

So just going through the RNSs and presentations to find out what is still happening in 2020 after the CAPEX cuts (£200 mil was planned now cut down "at least" 40%), which means only 3 wells instead of 7 - from which one will be in the ARRAN field and the other two were the Brae wells already drilled. We might also potentially get news from TAIN, which is in the Define phase of developement. So that should be all on the operational level news flow + we all hope for some cheeky acquisition (even smaller one would do), it would also make sense since we are saving a lot of money on those 4 cancelled drills

RRE is pretty strange with the % gains, i know it’s spread too but supposedly we did almost 5% gain yesterday but opened below £12

https://oilprice.com/Energy/Oil-Prices/Saudi-Arabia-And-Russia-Agree-To-Extend-Production-Cuts.html

Shame it’s not two months but still good

Nobody knows if something is brewing atm but one thing is certain - we are still well below our cash which is growing every day and deal will come eventually, I’m in no rush hihi

Finally a good day here, hopefully we can move at least to £15 in the coming days

Hah for sure

Said who?

Exactly, why buy something that might be RRE in few years when you can buy undervalued RRE