Member Info for MTSparky

Yes O&G equity is not looking great long term. RRE just couldn't get traction. Science, tech and low carbon could be the way forward.

Counter offer soon £25/sh......Ooh, I could test-drive a Tonka!

RB - Halo is now my only share held. So I am hoping we see some action here !

I am thinking of buying a flat to rent out. Any experience of property investing? I might just buy myself a bigger house and take advantage of the stamp duty cuts.

I suppose that is why the institutions are buying up stock. It's a win win for them with an £18.50 floor.

Cheers sasa. I guess if this deal is as bad as we think, a rival bid is highly likely. If no other bids then I guess that would settle the valuation debate. Lets see what happens !!...;o))

Stamp duty, the tax on buying land or properties, is being temporarily cut in England and Northern Ireland. From now until 31 March it will only be charged on properties costing £500,000 or more.

--well that is good timing Rishi ! I'll go and have a discounted meal out at get on rightmove !

I don't understand market mechanics at all. Why is the bid not £18.50? and how come the MM have managed the SP pricing. Just shows how easy market manipulation is to do.

I suppose if the property is for living in. Sell now, rent for 6-12 months then buy cash could be the way forward. I quite like the idea of going to the auctions and doing a fixer upper to rent out.

The other problem with property as an investment especially commercial property is that it is illiquid. What if you can't sell it.

A few pump and dump companies being mentioned on various platforms as a haven for the RRE cash. Personally I am staying out of the stock market. The stress of the last 3 months has been horrendous. Also if RRE is a benchmark for valuations there aren't many bargains out there. COVID is savaging the USA and South America so another flash crash is quite likely. £18.50 still fking hurts.

What about property investment? Buy a fixer upper or a flat to rent out. Any experience out there? any tips?

Older, how much is HALO's share of Pegasus worth? $5 per boe? £30m?

INEOS, Jim, if you're watching, that's £27/sh. With all this buying it must be squeaky bum time for Viaro Energy...;o)))

Interesting though RRE sale price is $5 per boe reserves and this is equal to what HALO are buying ONE-Dyas BV assets for. My gut feel is that HALO are now over paying for this asset. Time to renegotiate AC !!

£27/sh. I would have been happy with that price.

They have paid $5 per boe reserves. Given the cash position this is low ball. $8-9 per boe was being paid pre-COVID. Maybe circa £350m would have been a fairer price to pay though. Equal to Serica valuation.

The decom liabilities are spread out over 10-20 years. There is plenty of time to stash cash from cash flow to pay for them. If we get some fossil fuel pricing normality RRE could be earning about $200m a year.

OK lets say RRE have no cash and no decom liabilities and no debts. Is £250m a fair price for 63m boe reserves and 27,000 boepd?

Investor81 its just a finger in the air. £250m less un-restricted cash held. 2021 producing 27,000 boepd £18.50/sh is criminal !!

Has AA been "leaned on" shall we say, to accept this deal.

Good for you ! The best little company in the NS and sells for EV of about £10m. I think this deal could be politically motivated.