I think that in the previous years on average we had about 2 acquisitions/year (done and refused bids) so hopefully we will have something soon, the timing seems to be right with floor on the oil prices now
So I guess it’s just a human mentality... what the eyes don’t see the heart doesn’t feel even though it’s there with all the companies, well i hope people who do at least 20min research realise this
Hm posted before but can’t see it so apologies if it will be doubled but I just keep hearing about the decoms and was wondering if it is the reason why rre was always undervalued and why other oilers went up and we didn’t but don’t all oilers in the north sea have decom costs ? And also our first ones are due in like 10 years?
Is this why market keeps RRE undervalued and we didn’t rise as much as other oilers? I keep hearing decommissioning costs as the only negative but as far as i know they are in 10years earliest and every single oil producer in the north sea has them?
Anyone invested in HUR? I admit I don’t have research about them but don’t they have like 20k production too? They just did 20% up and are valued above 300mil, where is our rise lol
Oil rising and hopefully we have a massive deal tomorrow to prop price at least to $40... what is ****ing me off is that oil majors are only -25% from Feb while we are -50% especially when we have all that cash and another juicy acquisition on the way! (I really hope so!! :D)
Haha you will certainly get there by this rate... -10% a day keeps the sanity away. When did you sell mate out of curiosity? That must have been quite a lot of bags...
Well bought in at 970 thinking i got a bargain with our cash, hedged gas and cheap oil and this bad boy is going down every day even though oil is at 30$+ wtf ?
For all guys considering to buy in- if i would be you I would wait for positive result, should still have plenty of time to jump aboard... that being said iam a holder in significant loss and hoping they hit
Funny how MATD had numerous dusters but still went to 60mil mcap before their Heron drill (similar COS but much smaller resource) and i3e is on 22mil on spud of Serenity... ridiculous AIM