Hoping this week we get news, got that Friday feeling 😉
Cannot wait for hopefully good news, this is my most high risk high reward stock at the moment
I agree, I reckon high of 42-44p
35-36p open I reckon high then dip to 34
Glad I could help you workover
I’m no pro but I’m not new. You’ll be surprised at how many people don’t know the difference. Apologies I did not mean to insult yours or anyone’s intelligence, it was not directed at you! I agree communication needs to be better in terms of decommissioning, otherwise it would seem a very good investment. Think we’ll have to wait and see, thinking another blue day tmo
Liabilities are at £274m which is of course provisions, money set aside for the decommissioning . I am u aware of decommissiong costs but set a side or 54m plus 274m is a lot for a company that has a mcap of 58m. In my opinion, once acquisitions are closed, this will rocket. But I also think it could be potentially held back since psychologically the share price is very high (some may think it can’t go higher), obvs those people dont understand Mcaps and company values.
True ,but once acquisitions closed and annual reports released, these will rocket. https://www.investopedia.com/investing/introduction-to-small-cap-stocks/ Look on drawbacks of low mcap, one is lower liquidity. But even so there are plenty of trades with rre. Mountain of liabilities ? Has never been stated. These assets are to last at least six years and have been increased by 1 year in a report. If you go on HL to financials, you’ll be able to see the provisions reserved cash etc.
274m provisions and 54m reserves cash. Shares moved from 344p to 405p in last 2 days. Spread larger due to lower mcap, so fewer buyers and sellers, but still only 3% and when a live quote is given the spread is smaller. Think you need to lookover your notes workover
Is Rre the Ferrari? Rre did capital return of £1.50 last year and the share price was 90p. Share price has tripled in the last year. Ophir no capital return, huge loss share price halved. Easy to pick the Ferrari workover
I’ll leave RRE since this is not its BB. I really hope Ophir does well, it’s been battered down for awhile now. I believe it is also undervalued but I honestly believe it could go lower. I purchased some at 49p thinking surely it can’t go lower. How very wrong I was
Workover, Why? Ebitda projected $100-120m now higher due to acquisition, Mcap so low. I would like to know as what am I missing out that could be detrimental to my investment Thanks
57k buys 1k sell junk were in for a nice rise finally
Precisely, the liabilty is not now. If they continue capital return which I hope they do, we would’ve already made a nice profit by then
Hi vistaman, I’m no pro either but from what I can see, rre have 55.34m in reserved cash assumed for decommissioning. They also have 247.05m in provisions, guessing also this must be for decommissioning. I’m not sure what the costs may be but it sounds like a lot of money. But even so fields cessation is in 2024, a lot of capital could be retured then but who knows. Check out HL rre financials for the evidence of figures
53m Mcap, now 15kboepd, no debt, ebitda between $100-120m year end (probs higher now due to this acquisition) what is going on ? The company will be making a lot on next financial statements it doesn’t make much sense
Here is insane 15k boepd at 52m Mcap it’s ridiculous
If people reading this didn’t know that, they shouldn’t be investing. But check trades section if people don’t know
At the sellers, obvs not sure what they investing in
Let’s be real, if the permits are signed and drill goes ahead, this will at least double, 4m Mcap easy peasy