Member Info for littlened

Daltry,I am brilliant at presentations and bullshxt.Do you want me as next CEO please ?

Barnyards.you are wrong to compare the after effects of covid with 1929.The reason is that Govt.s across the world are providing the system with liquidity in squillions and this will ease all of us back to a semblance of normality relatively quickly.Its called economics

Lots of traders buy oil contracts in the expectation of selling the contract on before the contract expires at a profit.Because the expected profit doesn't materialise,as the oil price has declined,these traders ,who have no access to storage facilities,have to pay others or even the counterparty to the contract, to take over the contract at a huge loss.These buyers can then have loads of oil for a negative cost which they can store and sell later.

Caitlin,dont be silly.Brent cannot go negative.Think about it.Maybe futures can to avoid having to take delivery but not the black stuff itself

Its a good job they are not presentors then but CEO, Operations director and CFO !WE want people who are best in class at their job not photogenic story tellers

Daltry ,what are you on about.I am merely providing information

Arden have updated their recommendation in light of today's RNS.A revised target price of 60p,down from 70p with a risked NAV of 120p

BBC shows Brent Futures not spot price

Adouble, I am surprised at you.You don't often,but sometimes maybe after a few beers,dont check your research .I am a shareholder in RRE too and they have hedged much of their 2020 and 2021 oil and gas.Their decommissioning costs are going further into the future and are mainly already covered.Get a grip and recover your reputation

Mozax I cant believe what you have just written.

Do you really think any BOD,in any company,would jeopardise any future contract just to spite an ex director ?
Maybe you have had to good a Sunday lunch !

Surely the bonds can be refinanced if circumstances allow

That sounds like a journalist talking.Remember that for every company failure some other one picks up the business .Recessions are good for the better businesses

Questors opinion is not a valuation at all,it is a gut opinion and should not ,as such,be proposed as anything else.

Greedfear,you are looking at the wrong figures.Edison have now 3 oil projections,all below $70

New report from Edison,very comprehensive unlike Questors .
Overall risked valuation of 73p per share and 23.7p excluding all but Lancaster

Questor has a 'sell' recommendation in today's DT.That means its a buy for me given its track record !

I think a target price has a 12 month timescale

Arden have target price of 70p even in these volatile times.Impressive or optimistic

RRE have loads of cash and are very well managed which would release Dr.T to concentrate on the tecnicals

I am not an oily but having read all the recent reports from HUR and RRE the 2 would make a nice family methinks