Member Info for MTSparky

...... Place your bets.

RRE get ~$3 above Brent so are (i believe) covering oil production OPEX costs even at this level. Cash level should remain in-tact which equates to £22/sh. A strong bounce is due...;o))

No fking shock there seeing as we are +7%. POND LIFE.

I am sort of hoping we drop to £5/sh or lower. £22/sh cash should remain in tact for the foreseeable and with the OPEC+ cuts, any upswing in demand around Autumn time should see POO bounce quite nicely. 2000 more shares for £10k or less would be rather bloody nice ...;o))

Maybe we should focus on the end of the year when demand for oil rises and the OPEC+ cuts really kick in. We might get a nice XMAS present to round off a really fking awful year !!

4 months ago RRE was valued at £37/sh and £22/sh in cash. Even if COVID-19 has halved the value of RRE that is still £18.50/sh. As you were.

Maybe I was being a tad over optimistic with £17.50 close. Lol. At least $3 a barrel has been avoided and Oil demand should rise in Europe in coming weeks. Long term future for gas prices is good. As you were.

MTSparky £17.50
Maverick £15
Ammu £12.50
Rookie1 £12
Torham £1150
Kenco222 £10.95

Tree shake.

In theory then if the cartel agree to support an oil price around $45 or more, RRE could go back to cash level value? £22/sh.

...here we go !! Have a good weekend folks ....;o))

AA didn't say RRE are profitable at $18/b I am sure he said "cash generative".

You tell us since you're the fking expert ...PMSL !!

RE: Lets do a closing price todayToday 07:22
Fiah £16 +
Degs £12.4
Rookie1 £12
MT Sparky £10.75
Dana £10.5
PR02 £10.10
Kenco222 £9.95
Theshipscook1 £9.55
Barraband 9.85
Killerpidgeon £9.50
ferrotty £9.25
BlueDefender £9.05
Ammu £8.8

Yes they have been lobbied by hedge funds for sure, but all media like to report the extremes.

"Global Oil Powers Close In on Historic Deal to Curb Output." ~$45 per barrel is the target. RRE cash safe £22/sh equivalent. New acquisition very likely. Rookie new Audi Q5.......whats not to like !?!?!?

Even better ! OPEC+++ response Thursday with a bit of luck ...;o)) Perfect storm. Fingers crossed.

Traders seeing the bottom of the market has been reached and loading up. £15/sh close on Friday anyone?

I did say earlier the SP would rise when US opens..;o)) £9.25p close....come on you beauty..lol

they will try to achieve ~$45/barrel with cuts to production globally.

Cash forecasts have been updated in light of COVID-19 and recent oil price volatility. We have run a downside sensitivity forecast at $18/bbl for the remainder of 2020 and $37/bbl for 2021 with a 20% reduction in production to cater for any impacts of COVID-19 or other operational issues. Excluding discretionary capital expenditure but including abandonment expenditure, the Group remains cash flow positive.