Member Info for Maverick7

HUR market cap today is the same as RRE!!! What a p!ss take

Marktet cap comparisons below, why is the RRE market cap so low? Is it because of a lack of shares ? The only plus points for the others (apart from SQZ) is that they have a lot more production compared to RRE
I guess buy while you can, or am i missing something?

RRE - 131M, No debt, pays a dividend, cash surplus of over £300m cash pile and growing
CNE - 726M
TLW - 355M - $2.9b debt
PMO - 255M - $1,9b debt
ENQ - 235M - $1,3b debt
SQZ - 313M - no debt and $100m + cash pile and growing

Go figure, dont make any sense:

RRE - 131M
CNE - 700M
TLW - 350M
PMO - 250M

Yes maybe Sasa, hoping the recent strength in the share price maybe due to other reasons - merger or an acquisition would be good

Yep, unless poo breaks $40, we will stay in this range unless there is some other material news

“Normal” movement upwards ahead of going ex dividend, done well though from lows

priced in

lol mani, thats funny, sold the crap yesterday, 125k in one go on hargreaves, must of got lucky

munchbox - not sure about brent not spiking up, there is lots of differing opinions and press. It has been suggested that shale production has declined significantly to the tune of 4-5 million barrels, we are just not seeing it being reflected in the production stats yet. Also OPEC+ slashing production by more than indicated and there is an opec meeting just around the corner in June. Talk is of extending the recent cuts to later in the year.
What goes down must go back up!!

I do agree though that perhaps an increase above $50 too quickly could bring the shale guys back. However, looking further ahead, certainly for the small and mid size frackers - whose going to fund them?

Without poo at $60+, Rockrose need to get their future production higher to appreciate the share price so acquisitions or mergers are going to be needed to attract interest.

$40 should see a break out over £10

Does anyone know if ARCM can close their short whilst the court case is ongoing?

obvious statement but a year is a long way off to price in any increase in production if an offer came in. Remember Ithaca and Faroe being sold for peanuts

https://oilprice.com/Energy/Crude-Oil/The-Only-Hotspot-Where-Big-Oil-Will-Still-Spend.html

not done the math's, but its probably cheaper for the US to subsidize shale production rather than importing it in if its was re-nationalized. However, as privatised companies it doesn't make any financial sense at current oi price levels.
Interesting to see that SHELL has ditched its shale interests at a massive loss

i see that QP have farmed into Total's Mexico offshore assets, are they still partners with Total in Guyana, maybe they want a bigger stake - ECO or TLW?

Carrot - you do know the API report is out of date, the true figures wont be known for a few weeks and by then we know the true meltdown with shale and US production

Priti Patel in charge of the numbers on LSE

lol emerald, you will be saying the same when Brent is at $35, $40, $50. Some people just talk and others do. You will have missed the boat several times whilst fretting about when to go in

its obvious that some sort of corporate action, probably a farm in or acquisition is pending hence the lack of upwards movement here - all will be revealed in good time

if you have a hargreaves lansdowne account, their app does live prices