Member Info for GeneralLevy

With an SP 75p less than unrestricted cash I think we’re entitled to be a little disappointed lol ;)

From yesterday popped up

What a truly hysterical market, Mcap £18m lower than unrestricted cash

I still make it that RRE is making $200m profit per year at current Brent price with the hedging in place

The market in general has lost it's mind over this virus

Couldn't make it up

25/02/19, $68.1m unrestricted cash, Brent $65, rto of MOUK
10/02/20, $315.8m unrestricted cash, Brent $54, rto of ????

£39.99?

I’m opening myself up for a barracking here but...

Looking at AA’s CV, he’s had a significant amount of renewables experience

What if AA also considered making a few renewables acquisitions, alongside poaching the sp doubling meat and potatoes cash cow o&g assets?

Would differentiate us from the other listed micro cap energy companies, diversify us (a nice baseline income cushion to smooth out o&g spot price peaks and troughs) detoxify (from the current global warming lets bash o&g companies environment) future proof us (with a commensurate sp premium that would come with that)

Just thinking out loud, keep the barracking to a minimum please

GLA
Bwtfdik

Yep, I agree on the magnitude of the defaults, many say it’s just individual junk bond holders get stung but I imagine that was the line spun last time around... it’ll be known as the “dog s**t wrapped in cat s**t crunch” - has a ring to it I think ;)

GLA

£275.93k delayed trade just popped up

I can’t recall there being A trades on RRE pre suspension, is that something that kicks in over a certain MCap?

All good stuff, just can’t see sqz or rre going for it though when there’s so many other assets in the North Sea for the buying

Sqz is a good price, but we wouldn’t be paying anything like the current mcap for them imo, buying another Plc outright is a different ball game compared to buying a non core field / subsidiary of an exiting major (remember the insane valuations being spouted on the iog bb a while back, and how personal the shareholders took the ‘derisory’ offer (higher than their current sp))

I can remember scan reading the pmo thing, struck me on first read to be a surprisingly high price, bwtfdik I’m just another bb gobsh**e, I’m no Rockefeller I’ll admit ;)

Gla

Think people are barking up the wrong tree, sqz are on the acquisition trail, not the being acquired trail, and with a derisory P/E ratio I think pi’s there would be wanting more than double the current sp

I see the value being in the oil majors continuing to exit

Might RRE have a tariff income on Arran then?

Low oil price makes a deal more likely I think, it’s also good for the strength of brent in the long run as it’s shale that pays the price ultimately. Shale is basically on an umbilical cord of debt bonds many of which have no hope of being repaid upon maturity. Mostly a hangover from Saudi’s $30 oil Shenanigans a couple of years back, they actually did wound shale, just that it was on an artificial life support of debt for ten years that takes a while to come home to roost.

It’s had drops of this order in the 11k bopd days

Landing 20t of mackerel would also do

I think Cav are trimming because of the recent rise tbh

Stay strong people remember the excruciating November ‘18 to January ‘19 period, this ain’t no different GLA

Lots of A Trades actually, did the rise push Cav past their 10% portfolio limit and force them to trim?