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Doesn't this become one of the most valuable oil companies out
It means we won't have the overhang of creditor/banks forcing us to hedge if oil prices slide again
It reduces a lot of risk for a downturn in oil if the company has no debt
-The few hundred million in Money that would have be used to pay interest can now be invested in sharebuybacks/more dividends
-Can anyone name any similar oil companies with similar productions........that will be so well placed to face another downturn in oil prices?
Many food plants have ‘caught’ fire or been rocked with explosions in the USA during the last few month. Just search ‘food plant fires USA’ into google news
Just this morning a light plane crash crashed into a food plant
Conspiracy theories will be proved correct soon, we are witnessing a war vs humanity.
Starving people = mass unrest = regime change = tougher security and survelliance
It’s coming
The news is already priced in by the market, we may get a nice 3-4% rise with news on Toulmont start
No way would it be a 15-25% rise. Those types of rises only happen unexpected news/massive discoveries such as Zama
just 4.7 billion market cap........when are raking in something like 6 billion in revenue every year now with 200k boepd
Just crazy, we should be as minimum 2 x our market cap with $100 brent holding currently.
With all debt payed off and no hedging and 200 koepd holding - this market cap should go at least 4 x 5 our yearly revenue , around £2-3
Because this company faces 7-12 years of yearly dilution and 7-12 without turning a decent profit.
What's so hard to understand about the markets reaction
Any legal action or serious delay, or an oil price crash back to $50 and RKH are toast as a company
Genel Energy is a good comparison with similar production levels if RKH ever get there….
Extremely low operating costs vs RKH $2 vs $35-45?
Derisked (Already drilling producing oil etc)
No debt vs 500-900 million pound loan rkh will have to borrow
The market values Genel currently at 500 mill with $107 Brent
RKH just 40 million
Operating costs are much higher and RKH will have to pay back a huge loan over 3 year….so let’s on first oil the market value RKH at 150 million (being generous)
Why wait 7 years just to get to roughly circa 20p again
I’m not even in rkh , you seriously have to have mental issues to invest here
There is no guarentanee oil prices will stay at $100….if they do minimum time for RKH to turn a decent profit is 7-10 years
If oil price drops to $50-70 ….Rkh could probably just make 200,000 a day or 60 million a year. No room for real growth
It’s a dead end company , just face it!!!!
As far from buying markets as you can get really
No help will be provided for sea lion from Argentina
Lets say relations with Argentina go south again, they could easily ransom the oil field/ destroy it ….revenge for the UK war ….just look at Russia ….anything can happen any time
If some goes wrong with the FPSO, how long will the downtime be….1 month minimum to ship replacements parts to the FPSO…a few months to fix
But keep living in cloud cook oo land guys
Any problems with the rig and it
Legal action from Climate activists and Argentina is a massive risk here for delay
Greenpeace and other climate groups are already stopping oil companies from drilling in the North Sea which has lots of rigs present
What chance does Rockhopper and Navitas have in there claim of developing Sea lion which is a pristine ecosytem in the South Atlantic Untouched
I can remember RKH were receiving cash from producing Wells in Egypt and the Mediterrean......What happened to them exactly??
Without cash producing assets, RKH will have to do like 10 placing minimum? over the next 10 years?............ridicolouus levels of dilution coming here and crazy if you think this is financially a good punt.