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Excellent timing ahead of the red diesel ban kicking in next Friday; I'm interested to see if the company elects at the AGM to show it working and to display any sales & marketing collaterals as a clear display of its move towards booking greater revenues.
I'd say your pen name was pretty apt.
CEO base pay of £863k vs booked FY21 revenue of £590k is an interesting look…..
You do indeed if that's what you decide. BT went ex-div at the end of December. The telecoms tailwind is very strong however......
100% agree Rock. Why on earth would DT sell at a significant loss for ‘further acquisitions’ when its investment in BT is likely to yield significant medium-term growth?
Bangrak - I note you refer to WH’s note of last July despite the fact they’ve published at least two New ones since. Have you read them?
Apologies, ‘the future truth’. Derrida said there was no such thing as empirical truth so would also welcome your thoughts on this subject.
‘thelongergame’ asks a fair question and the reality is $35/barrel is not a viable price for some producers. Where I suspect our views diverge however is that RRE can survive at this level and its cash position means it can act as a purchaser of distressed assets in short order. Whilst you pose this as an apparent weakness for RRE, I see it as quite the opposite.
..now on RRE website and via this link: https://d1ssu070pg2v9i.cloudfront.net/pex/rockrose2019/2020/04/07134633/AnalystCall-7-4-20.mp3
I'll go for £8.75 all.
I particularly liked the lines 'progressive dividend policy' and 'full tax relief on all abandonment expenditure/, with the cherry on the cake being 'Abandonment half life has been extended to 2030'. I'm not sure the bears have factored in that the company is that well set-up that it can continue to push out the latter.....
It'd also be remiss of me not to say good morning shorters on behalf of LTHs in the business. Hope you're having a great day.
….results could land with us at any point next week given FCA's two week moratorium. Initially the business said w.c. 23rd, then narrowed it down to 'intended 26th'....which gives the Board some degree of flexibility. Don't get caught out!
...this time with BP. All this excellent work with majors counts.
https://www.teekay.com/blog/2020/03/27/teekay-announces-new-bareboat-contract-for-the-foinaven-fpso/
Only a matter of time before Saudi Arabia reduces production.
https://uk.reuters.com/article/uk-saudi-oil/saudi-struggles-to-find-buyers-for-extra-crude-as-demand-dives-sources-idUKKBN21D2W1?feedType=RSS&feedName=businessNews
I'll pay you £1 to get out of this chatboard Scaramanga, which you could use to burn off your third nipple.
Unfortunately chap you've not read my post, as I agree with you half way down it. Please re-read before disparaging.
Who wrote this?
"I can see SQZ touching £22 by the end of 2021."
Yup, it's Sean Dyche's best mate 'TurfMoor' on the SQZ board. Presumably, given SQZ is now trading in the 60s, you also believe the meltdown in share price has begun there?
A balanced view here:
- A lot of us are pained by this situation but with Brent at nearly 2-decade lows it is what it is.
- A lot hinges on the way the company explains its decom liabilities, how it will wisely deploy capital in this environment and its transition within outlook from oil to gas, as Turf suggests, within next week's results.
- Some have suggested the company puts out a statement to explain SP drops. I disagree. RRE have already made 1 x RNS on Brae alongside AA's interview last week and anything else looks OTT. The reality is.....
- …..AA is above else a deal-maker and whilst he'll be in 'paper pain' from SP fall this environment is absolutely ideal to test his capabilities and he has his hands full. For a start he'll be negotiating Speedwell down. I'm genuinely intrigued what colour he adds on any other targets. I agree with others that an SQZ tie-up makes absolute strategic sense but would the latter want it?
I'm £20k+ down on RRE but I remain a conviction holder and will be long-term, as ultimately I have faith in this management team and its business model.
char333 - it is total dross like your postings that give PI boards the reputation they have.
Will Shell be here in ten years and still be a successful business? Yes. Now go back to sleep.
New KOTB,
I hope you've got some baggy trousers for the cash you'll make; personally I'll be taking a night boat to Cairo once this madness ends.
https://www.ledinghamchalmers.com/news-views/speedwell-energy/
One of the key things hardly mentioned here is that AA is already trying to finalise an acquisition - and one he'll undoubtedly be chipping on in this market!
Genuinely intrigued as to how much RRE reveals on this within FY results. As others have said, if more colour and detail is given on decommissioning timeframe and our transition to gas/CCS in the long-term to put to bed any thoughts this is a 'workout business', then this is to all of our benefit.
GLA and keep the faith!