Member Info for NewKOTB

Not sure you are correct with that JAdam, I ran some figures and RRE could easily take SQZ, however the same does not apply to SQZ for RRE.
There is always the option of a merger as discussed before, although I do think think that AA will want his cake and eat it atm.

Constantly in and out of auction atm ... trouble matching orders to available stock.

Plus, Algo bots are particularly active today on both stocks .... (check out the time stamps)

They have been 'tracking' each other for weeks now .... at one point they held a constant 10:1 up until last Thursday when they suddenly went in opposite directions in the last 30 minutes or so of trading!

Question is ... Do you believe in coincidences. ....... or fairies .

No, you needed to be holding CoB yesterday .... sorry :-(

Think most real investors would be thinking the same. For me layer the buy orders between 490-630p if they trigger, fine, if not I have my fill already, so I'm happy atm.

Hopefully the 50k PI seller from yesterday that dragged us down imo, has no need to sell more atm.

AIMO

The only one that interests me is : 16:59:44 15-Apr-2020 7.47 GBP 8,888 66,415.31

Not because of the amount, but the precise number of shares 8,888 ..... !!!

Forgot to add, nice ~£1m divi for AA, every little helps. :-)

Ex div day tomorrow .... 2.87% yield

Should a PE want RRE, the good thing is they will have to offer AT LEAST the cash on our books ~£22.00, unlike Ithaca & Faroe that got a raw deal.

German Chancellor Angela Merkel has announced plans to ease the country's lockdown.

Social distancing measures will remain in place until 3 May, and Ms Merkel recommended people wear face masks on public transport and in shops.

Trump needs RCC to step up with >20% cut, should make them announce it now imo

Shale will not last much longer otherwise.

Agree, market dropped both RRE and SQZ almost the same % today. ~15% (overdone imo)

Given the news coming out of China and the rest of the countries ahead of UK/US and to think PE's would be awash with cash atm, cash that needs a home ...lol.

Algo's, once more, heavily involved in trading on both companies today too.

It’s big news in China today that one of the temporary hospitals built in central Wuhan, where the coronavirus started, has now finally closed its doors.

The last patients of the Leishenshan Hospital, which was built in around 10 days in late January, were transferred to regular hospitals on Tuesday.

Fewer than 300 patients are now being treated in central Hubei province, a stark contrast to the 10,000 plus who were being treated there in early February

G20 cutting, RCC will cut next week ... China, US and India have said they will take ALL surplus oil off the market.

"Saudi Arabia’s oil minister says that the G20 will be cutting around 3.7 million bpd. So with the iea buying and the opec plus deal that’s a total of around 19.5 million off the market"

Appears a single seller is causing the silly fall today IMO ...3 x 50k sells. Take those trades out of today's figures and buys vs sells are balanced. Guess we have a force PI seller atm, probably a margin call on TLW.

turfmoor,

I think NOW is the optimum time imo ..... suspend and come out in 2-4 months when economies and commod's prices have improved. Then backed with massive cash pile .... go acquisition hunting.
aimo

Appears they are stop hunting atm .... nothing has changed afaic .... still downside protection from BP PSA, hedges in place, still turning a profit of circa $10/barrel atm, even at these low O&G prices. Cash in bank >£120m, no debt.

Not DEBT
Cash in Bank ~£22.00/share (current SP £7.50)
HMRC Tax Allowance $2bn
Dividend Paying High yield
NOT listed on AIM
~20kboepd
~63mmboe 2P reserves
Progressive Mgt with ~30% holdings
Acquisition hunting a specialty

At the moment, by my calculations we are getting (with all hedges):

$37.61 / barrel oil
$20.77 / barrel eq gas