Member Info for MTSparky

Not checked in for a while but I hope everyone is OK. With the recent hedging it looks like HALO are going to survive this which is all we can hope for I guess. Southern North sea gas is the right place to be for sure so fingers crossed. Thank fk we aren't listed !

I thought that KOTB shut in the oil production but not sure what the cost would be. I don't think you can just turn the tap off. You may still incur OPEX so the losses may be bigger.
We just need to ride out the peak infections for a few months.
AA needs to outline the battle plan next week and give some confidence to share holders but this may not stop the seller who appears to want out at any cost and has an endless supply of shares. Probably someone in at 50p with multiple 1,000's of shares.

Yes if we can get confidence that the economic and fiscal effects are just temporary as governments are telling us we may see a rebound in stocks and PoO. UK could be in lock down during April/May.

China look like they are getting back to some kind if normality. Kids back to school etc China are getting workers back at their workplace and state GDP should be as predicted for the year.

We need some positive news like Italy virus spread and death rates fall.

China are refusing to buy oil from Rosneft. There could be hope for Brent yet ....;o))

Should the rest of the world take legal action against China ?

When you consider that 40% + of the shares are in safe (not selling) hands. It does make the drop in value even more unbelievable.

...RRE need to reverse into another company and suspend trading for 6 months. Its the only thing that has kept holders holding. Update next week hopefully this will add hope for us.

Why are people buying 50x rolls of bog roll at a time? ........it's PANIC !!

Oh. great.

Please explain. Do I need to get excited?

OK well i'm glad you are doing OK 1750. I guess we have all been fixated on the imminent threat of a suspension and acquisition and being locked out of the big prize. Maybe being too greedy and not playing it safe is the lesson learnt.

I wish I had traded RRE like you have 1750. Thinking about selling at £22/sh and buying back today is killing me !!!!

Well its no secret AA wants a new acquisition and £50/sh. I just think maybe that acquisition will happen before a share price recovery.

One way to offset losses from oil is to make even more profits from gas....;o))

I would predict a suspension before we get to £15/sh. Southern North Sea gas potentially a tie up with IOG.

AA wants £50/sh. Lets just focus on that !!..;o))

The Financial Conduct Authority has banned investors from shorting shares in some European firms. Italian stock are being murdered so this is good news for them. I really feel for Italy.

I don't know what learning difficulties you have RustyHole but try to work out what happens when OPEC et al all gush oil into the market with no demand and nowhere to store it? $3 a barrel has been quoted by an expert in the industry as the price that could be reached in this scenario.

If this oil OPEC situation is not resolved Brent could well be under $10 a barrel and as low as $3 a barrel. RRE have the cash reserves to cover this shortfall for say 12 months. I would like to see an official response from RRE in the results as to what the plan is for the next 12-24 months. Also a super low oil price is going to help companies like air lines recover losses and could save them like $3bn a year in fuel, how much appetite is there for an oil price recovery?