Member Info for MTSparky

Did you take account of the gas price hedges for 2020/2021 and reduced CAPEX spend? and don't forget the 7,000 boepd from Arran that RRE are currently laying the subsea pipes for? 2020 is going to be tough for all, but RRE are in a very strong position to benefit from this weakness. Not too sure they need more oil unless it is a stonker deal with sub $20/b lifting costs and decommissioning costs covered by the seller.

Just a blip. DOW futures are up. Market was over pumped and everyone could see that. RRE is still a star buy.

Who’s up for a bounce today? Dow futures higher. FTSE may trade flat. Value will out.

Damn it, I thought the US open would crash the party. Recovering well now though, sea of blue !! US jobs numbers are better but still a little off, the only way is up. Looks over sold..;o)))

The outlook is brighter than the past. Broadly speaking and for RRE. Arran next year producing another 7000 boepd. AA wants £50/sh and that will do for me !!

The options as I see it are:
1. Merger to strengthen position further.
2. AA takes RRE private with PE cash.
3. Buy into gas producing asset in southern north sea like Tolmount from Dana.

I can't see another Marathon type deal for oil but who knows ?!?!

61p. Looks like drop is holding and compared to other financials IPF looks over sold. If we plunge on US open I will be very upset !!

I am trigger happy with this one. Selling at 68p was the right call today though. Wait and watch for now.

US Covid cases are rising. 2nd wave fears are ripping the market. Can see DOW getting hammered too. Lets see what PM brings.

Managed to get out at 68p 1st thing.

62.3/63 at 8:14am. No clue where the support level is. Any ideas anyone?

Oil holding firm at $40.5. FTSE and DOW have been pumped so high they were ripe for a pull back.

Right, come on then lets close above 77p. US open might see some buyers. FTSE recovering mornings losses. Lets have it !!...lol

Some huge sells absorbed today. We may be getting close to the point of booomage…;o)))

Looks like SP is taking a breather. Should continue up though, lots on the side lines waiting to get in on any retreat. Great update, Norge Bank adding. Great company making cash with good dividends. II's should be adding more lets hope we get TR1 notifications showing this. Build more confidence.

I can see us into the 80p's today at this rate and testing £1 by Friday. Still plenty to go by the sounds of it. All good.

I have seen on twitter that the next stop is 88p ish. Could be a huge day today !!…;o))

you would think the SP will test 77p again but I am no tech analyst.

deffo worth over £1/sh

SP rising very fast. you can't buy without NT online. Good day ahead...;o)))

Average of 2,198 boepd and the Group now has net proven plus probable (“2P”) reserves of 16 mmboe, in the offshore UK and Dutch North Sea. Acquisition of several ONE-Dyas assets in the Dutch and UK North Sea to add significantly to HALO’s existing portfolio, adding c. 2mmboe reserves and c.1000 boepd production.

3,198 boepd + 18 mmboe reserves subsequent to the transaction isn't too shabby. Gas prices are set to rise through 2021 too. HALO just need to hang in there. HALO might also be able to pick up a cheap asset with Engie assistance. 2020 is going to be a tough year for HALO though. Re-list mid 2021 at earliest I think.