Member Info for munchbox54

Lonestag.

The Saudis and Russia start the oil war officially tomorrow by pumping way more than normal in a market that’s already overflowing with storage tanks full of oil but guess what mate ......

RRE don’t give a F because we got £20 a share in the bank.

Bring it on. Pump wtf you like .... we hedged.

Rookie ... sold ? U sure mate ??? I’m not really eager to book a 80k loss. Hope yourcwell. Justvfee uo of posting positivity when all that happens is negative. Let’s see what this week brings

I’m guessing it would be delayed and everything on the back burner for now. Keep an eye on centrica CNA and it’s announcements. Might give it away.

Glad we are not effected. Apologies but I’m not in the mood to pump any stock because of the way shares have fallen but I picked up on the following :

1, lower capex spends for the year .... by $50m ... does that mean Arran might be delayed ?

2: AA didn’t mention or hint about increasing future production or “using the cash pile “ as he normally always does. Will they delay making acquisitions?

3, oil price is key because although we are hedged I’m worried that if oil falls lower then it might start to bite our profits.

Finally ... I along with many were banging about RRE at 5 x current price so it’s onky natural we look st the pros and cons to give a balanced view. My personal opinion is Arran might get delayed.... hope not but it’s likely.

Cheers guys. Appreciate the heads up but why have we dropped 17%. ??? Ffs. 5% can cope with. 10% looks bad but this is heading to £4. Seriously it’s so hard to stomach. Like Wtfffff is going on here.

Has gone in today.

I officially give up. Lost hope.

Still not selling but I’m not tipping anything or ramping jack squat anymore.

This has really put me on the boarder line of depression.

Good luck guys. Actually pains me to post but it’s iust to say I’m still here. Holding dropped another 5k just on today. Ff s. Money going down like water down the drain .... just hope AA is actually at the bottom of this drain and lifts us back up.

Just when I thought tomorrow would put a floor in our sp the markets futures are getting pounded. Ftse shoeing down 7% already. I can’t rake it pain. Seriously it’s like being punched after getting knocked out. Hope we can survive the pain that’s about to come. Let’s hope AA can keep the sp blue tomorrow

Betrayed. Agreed. Dow -850 as I type.

Holding over 7k shares and sitting on over £80k loss and counting I believe I have a fair reason to give my 2 pence worth.

1, there will be NO takeover in this climate. Let’s clear our heads with that.

2, we are really struggling as a business with current oil / gas prices so many of the numbers will need to be readjusted as this pandemic had just started.

3. It will get worse with this virus ..... hopefully not the shares as we have been battered enough but expect the virus and deaths to peak in about 2-3 weeks.

4. I believe the ftse and down will fall lower and my personal targets are 4000 ftse and 16,000 Dow as the Armageddon of blood baths happen.

5. Companies reporting season starts soon and warning galore will panic more investors in to selling.

6. We are safe ..... only because of our cash pile. What scares me is Kosmos went from £5 to 50p within weeks.

7. My personal target for the stock is no more than what I paid. This experience has truly battered my experience confidence and now I just want my money back.

8. Shares ...... never again for me .... why ????

Pmo - 11p
Enq. 8p
Barclays 80p
Kosmos 50p
Bp nearly 2.30
Tlw-9p
Etc etc etc

Yes many sticks Contribute to their own downfalls and yes many have too much debt but that’s not the point as many billion dollar companies have billions in debt.

I’ve thrown in the white towel .... red towel ..... and nearly the brown one. I’ve given up and now patiently wait to get my money back however long it takes.

Good luck. Best wishes.

Absolutely nailed it. Markets should close for 12 weeks. There’s no way anything is going back up from here. Definitely not a V recovery and it will be long and painful.

Personally I think it’s a matter of time before banks start calling in debt because most have legal clause inserted to support the value of the loan dependant on oil price.

I really hope everyone survives but I’m thinking of oil falls and IT WILL go LOWER because of the cancelled meeting with Opec scheduled for this Wednesday is $25 is here to stay for atleast 3-4 months.

I’m just wondering that there’s so many people worse off than me and that’s what keeps me going. If you ask me .... nothing looks cheap on the market because they all going lower from here. Good luck guys.

Shares in issue 13m

Actual free float 8m.

Hope that helps you baby boom lol.

Really struggling to see the light at the end of the tunnel in my day to day. Everywhere I go everything is sold out and it’s not even panic mode .... yet. Is it ?

As for Rockrose .... AA said we could handle oil below $50 well it’s F below $30. Good job we have £270m in the bank. I’m happy if we go bust so to speak and get £20 each for the cash in the bank. How’s that ?

Rookie, seems like nothing can help us at the moment.

Dow futures down 6% and I feel this week will see many countries take drastic measures and eventually the markets suffering again.

It hurts so much knowing once I was up 20k not long ago to them be sitting on a 70k losses f painful but truth be told I really think there’s one more painful day down before we rise. I’m looking at ftse testing 4500 before the bounce ..... that’s only 850 points from today ..... we need to get with reality and it s ucks. Hope the suffering will end soon.

He can’t just suspend for the sake of it. Market regulators and FSA would be on him. Yes I do believe a private buyout by the bod is more likely and probably the best bet for all of us going forward. Ohhh boy. What a lesson had been learnt.

If AA buys something ... unlikely they will sell cheap at these prices n wait for recovery but if he puts 1b in to something the market will just punish it when it relies thecwst markeys are going .... so imagine we acquire sonthing ... re list and then keep falling til we £7 again with the squired comosny.

Investor 6 , You should know the answer to that , how on Earth are they going to get half a billion in this climate at a rights issue when the sp has fallen 70% from the time they announced it ????

Big problems here.

I’m going with jimmy , I think Tolmount will be on the block because Pmo are done for .... 2b debt ... £500m rights issue to buy more assets is gona flop ..... fund going against it ..... they need money and fast !!!!

Personally I think anything will be announced after the results on March 23rd but either way I agree AA is waiting for dust to settle here. I can see us going lower but when we suspend this time ..... it will be a 3-4 bagger minimum.

On a separate note I don’t see AA doing any deal just yet until the SP recovers and oil recovers. Don’t see anyone doing anything with M&A until this virus and other macro events pass. Just my opinion.

Is it ok to leave the house now ? Has judgement day passed ? Or am I in heaven and we’re all dead lol. I was listening to the 50 cent album .... the title says it all ....

“get rich or die trying “

Funny enough I can see the oil and market fall further but I’m steady and ready to cash in my shares above £36.

Watch this space

1750. Well said mate. I can see through his snake like posts. Am suffering like rest of us but by no means giving up just yet. Maybe if oil went to $1 and rre made a 40billion bid for bp. Then I might just give up and take up bird watching.