Member Info for MTSparky

.....OPEC+ meet in 4 days........it's hotting up !!...;o)))

...and I believe that will tell us if there is something big happening in the background. Market mechanics or a deal.....£12.50 could hold the clues....;o)))

Suspension by the weekend ?!??!?

...Incoming ????? Be rather nice ...;o))))

We just need LNG imports to slow down to support gas prices. Just in time for Arran production.

I would guess continued cuts until 2021. Let’s hope so.

Put these dates in diary for next OPEC meet. Falls in production are higher than anticipated. RRE will bloom over coming months....;0))))

Russia are probably looking at the falls in storage, falls in production and increased demand then thinking an increase in production is possible and still maintain $50 a barrel or more going forward. I don’t think they want to dilute all the great work done so far.

AA stated he wants RRE at £50/sh. Didn’t mention market cap. Watch this space !! .....;0)))

I think the key to RRE lack of pump and dump is the fact they have no debt or placings with institutions. There is no-one involved in RRE who has a vested interest in shaking the SP up and down.

The investment case for RRE is well documented but when you consider the cash held ~£20/sh, dividend paid, 7000 boepd to be added 2021 and new acquisition almost certain to multibag the value of RRE at some point, its not too shabby.

If you take the oil price as an average over the whole of 2020 and include the hedging in Q1 RRE will be OK. Don't panic if Brent falls $3 !!

RRE still getting $37-40 per barrel. Not too bad in current situation. Recovery will take weeks/months but it will come....;0))

Cometh the hour, cometh the buyers. KEEP THE FAITH.

....about to blow the bloody doors off !! £12 next stop then £15.

There is a flood of cheap LNG from the USA and Asia flooding the market hence Dutch TTF et al price has collapsed. See below, the future should be a little brighter for gas producers. When Arran comes on line RRE Sp should be well over £30/sh. Also imagine if AA lines up even more gas production for 2021/22.

"The reason for this is a major shift in LNG market balance in 2021. Around 65 bcm of new LNG supply is due online in 2020. But new supply volumes are set to fall to around 13 bcm in 2021 and only 6bcm in 2022, well short of anticipated global demand growth. So in the absence of a demand shock, this rapid drop off in new supply will structurally tighten the LNG market balance and alleviate pressure on European hubs.
The current downturn in TTF prices was triggered by a shift in LNG market balance back in Q4 2018. The price recovery turning point is likely to have a strong LNG market link as well. The dynamics playing out in Summer 2020 could well mark the bottom of the current gas price cycle."

We shall soon find out what Cochran's plans are in the annual report so no Chrystal ball required. There is a flood of cheap LNG from the USA and Asia flooding the market hence Dutch TTF price has collapsed. See below, the future should be a little brighter for gas producers.

"The reason for this is a major shift in LNG market balance in 2021. Around 65 bcm of new LNG supply is due online in 2020. But new supply volumes are set to fall to around 13 bcm in 2021 and only 6bcm in 2022, well short of anticipated global demand growth. So in the absence of a demand shock, this rapid drop off in new supply will structurally tighten the LNG market balance and alleviate pressure on European hubs.
The current downturn in TTF prices was triggered by a shift in LNG market balance back in Q4 2018. The price recovery turning point is likely to have a strong LNG market link as well. The dynamics playing out in Summer 2020 could well mark the bottom of the current gas price cycle."

If it wasn't for COVID with that news, RRE could have blasted past £30/sh by now.

trashing the bid to accumulate shares. 888p FFS trying to trigger stop losses.

I cannot see re-list happening this year. Dutch TTF is on its arse. 2021 the gas supply glut is due to reduce and TTF prices should rise accordingly. Be very interesting to hear Cochran's view in the annual report due shortly.

Although there is a short term gain to be had with trading RRE as the brent price recovers. The real Investment gains in RRE will happen when Arran development is on stream in 2021 and earning $$$$. Gas prices are estimated to rise by 2021 too. Or if they buy another asset. Not entirely sure which will come first.