Member Info for NewKOTB

https://mobile.twitter.com/Amena__Bakr

"Listen up. This is what they will discuss now. A 10-12 million bpd cut from May to June"
"And then a 8 million bpd cut from July to December 2020"
"Saudi’s oil minister is calling for “bold” cuts"
"Angola’s minister is also supporting deeper cuts"

"Amena Bakr
@Amena__Bakr
3m
The ministers will go into the closed session soon #OOTT #opec"

Someone in the know for sure, can not be traders that's, too much control for that ....... +10% fall in last 10 minutes on news of OPEC deal ...... unbelievable.... possible could be people exiting for long weekend , but even so !!

Closed 2.65% (24pts) DOWN !

Just hope its not a de-list if so this AA could have his hands full with lawsuits unless we get +£20

Looks like we are due an RNS

Upomega,

Not seen you on the board for a few days, hope you are well mate !

Also, credit where credit is due, you called this last week.....

"Royal Dutch Shell share price pounced on by Saudi wealth fund
By UK Investor Magazine - 09/04/2020

The recent drop in the Royal Dutch Shell share price (LON:RDSB) has proved too irresistible for the Saudi Arabian Public Investment Fund (PIF), who have bought a stake in the London-listed oil major.

The Wall Street Journal broke news of the purchase of Shell shares by the Saudi Arabia wealth fund on Wednesday.

The Shell stake was among a tranche of investment in European oil companies that include Total, Eni, Equinor and Royal Dutch Shell.

The exact amount of the investment in Royal Dutch Shell shares is not know but it is thought a total of $1 billion was invested in Royal Dutch Shell, Total and Eni.

The PIF is reported to have taken a $200 million stake in Norwegian national oil company Equinor."

"physical commercial property..."

Likewise, always good to have a fixed income, particularly in times like these ....

I guess the big question is "what rate did RRE get them for" .... given the ultra low interest rate atm the security and general financial health of RRE, I would have though the rate would be favorable.

The main point I took was this released $45m (2019) & $8.3m (2020) capital committed for DSA to be used for most probably an acquisition, otherwise, why bother ? That's the way I read it !

aimo

Think just a reaction to GCM's move today !

What is it .. a company with nothing more than a hole in the ground, actually, they have not even got that atm ..... has risen +125% so far today !!!

RRE, revenue earning, divi paying, no debt struggles to even get to a Mcap of CoH ?

Mkt closed Friday / Monday .... Easter bank holiday in UK

Shorts would be starting to close now .... all that effort for 20p !!! (luck imo to be that much)

Tomorrow RRE will have the OPEC wind in our sail, plus 3 trading days left to go ex-div.

POO already starting to rise .... we should close blue today.

atb

Yep, in B&W within our OFFICIAL RNS EoY results issued Monday.

So please feel free to inform FCA about AA issuing false statements to the market.

Yawn yawn in deed, your middle name is not Rodney by any chance is it, or do you just trade in fruit and veg on the market ......... stall !

PS Close your short before its too late.

Sasa,

Forgot to add, that our BoD average age this year will be 70 years young !! ACW 77 years young !

One thing the virus has done is cause havoc with families around the world, but what it has also done is focus on how little time we do have to do thing we want with the people we love. Could this be an influencing factor in getting a 'compromised' deal done .... maybe!

Our BoD have done a stunning job, particularly over the last 4 years ... I would not begrudge them 'early' retirement.

Mitch at 60 this year, would I guess find a place alongside AA as a key facilitator in the bedding in process too.

sasa,

Always appreciate your expert eye and views

From my point of view, think we would be hard pushed to get much above 180p, in fact if I were to put money on it ( which I have btw) its 49/51 in my view on either merger or straight takeover.

The t/o has the edge, but only just, solely due to AA as you mentioned retaining 'control' and hence major influence on the final destination of RRE in a few years and AA cashing in.
An cash/equity offer may be the best way forward for AA. 140p cash offer plus a 50:1 equity.( still leave AA with ~22% of voting equity) Just so SQZ holders still have some upside from the deal. Sum of deal worth circa 158p.
Many, including me would cash out on that deal.

From a merger angle, don't see how AA could retain anything near his 30% equity .... but he's a numbers man and eye for a deal, so I'm sure he's calculated the optimum approach and end game.

Have thought and expressed so many times here my preference for a merger, but it's AA shot, black ball middle pocket !!!

Should the OPEC / G20 go well on Thursday / Friday, we could be waking up Tuesday to the beginning of a new era or the end of an old one. That is unless the timing and agreement reached of OPEC concluding allows for an RNS after close on tomorrow.

Could be 'Game over'.

atb & imo

I can see the reason to short on a technical basis .... but why risk on this stock ffs.

Plenty more to pick from with more certainty and better return atm. RRE could suspend intra-day, no problem, just wish it would with shorters fully loaded.

SQZ FYI is ~$13boe ....

Sure more 'experts' will arrive as the day draws out ..... ready to load up for tomorrow.

PS And also what an eye for a deal did AA have with Marathon deal ... wonder what his other eye is on atm

So we have more in tax allowance rebate circa $800m on our books than our current MCap.

It's only coming to light the market has got RRE totally wrong ..... SP should start to reflect now.

I would much rather not test those stress test figures, it would stress me out !

Rookie,

"I have got this right, we have 2bn in tax paid from marathon on the booked so we have entitlement off 800m possibly more in tax rebates when it comes to decommissioning?.."

That's the way I read it too. We have between 40%-60% of our decom costs covered by this through rebate.

G20 to meet on Friday to follow on from OPEC's Thursday meeting in ensuring a stable energy market.