Member Info for NewKOTB

Like I said, bangrak, I have explained before why you are wrong.

Pointless getting you to acknowledge as you will always find a way to put a negative spin, just to get a low entry, doubt if you are mad enough to short this .... or are you !

Otherwise, why bother ..... Oh forgot, Good Samaritan with time on your hands ... lol

didn't take long for other half of tag team to appear .... lol

Went through this with you before ..... not going to bother again, other than to say, you are wrong !!!

Nonegsplease,

Don't think there will be a problem with paying the final dividend imo.

"subject to shareholder approval.." ....LOL

"we expect to pay a 25p/share final dividend subject to shareholder approval........ while maintaining capital discipline, we will seek where appropriate to pay a regular dividend...."

"someone needs to learn to read faster as there's not that much in it ... "

So, in your expert opinion, what are the main +ve's you take from the RNS .....

ps Don't expect an answer
pps See you are not doing your doom and gloom on other bb about poo either

Exactly, still reading and digesting the RNS atm, lots of little things that when added together make a difference ... ie additional reduction of at least $30m on top of previous $50m Capex for example.

LOL .... still looking to get in are we.

Expect a little shake as II will want in, guess you work for one of them.

Guess those who were disbelievers now want in ... further confirmation of how undervalued RRE will happen tomorrow from the horses mouth. So expect more II interest before and after event imo

"The Company will be hosting a conference call for analysts at 10.00am on Tuesday 7th April 2020. A replay facility will be provided subsequently via the Company's website...."

So ... "several potential acquisitions..."

Not long now guys imo ... "we have evaluated.." so RRE know their next move, all about timing imo

"believing instead that the shareholder value is a more important metric, we remain committed to growing the business. We have built an excellent platform from which to do that and could deploy significant capital for the right opportunity. With that in mind, we have evaluated several potential acquisitions since closing the Marathon UK transaction, and we continue to evaluate potential acquisitions..."

Hence releasing our DSA cash for bonds to maximize cash for our war chest .... the fact we need to complete bond for DSA transaction tells me our next deal will be another RTO.

AIMO

"subject to shareholder approval.." ....LOL

"we expect to pay a 25p/share final dividend subject to shareholder approval........ while maintaining capital discipline, we will seek where appropriate to pay a regular dividend...."

So ... "several potential acquisitions..."

Not long now guys imo ... "we have evaluated.." so RRE know their next move, all about timing imo

"believing instead that the shareholder value is a more important metric, we remain committed to growing the business. We have built an excellent platform from which to do that and could deploy significant capital for the right opportunity. With that in mind, we have evaluated several potential acquisitions since closing the Marathon UK transaction, and we continue to evaluate potential acquisitions..."

So ... "several potential acquisitions..."

Not long now guys imo ... "we have evaluated.." so RRE know their next move, all about timing imo

"believing instead that the shareholder value is a more important metric, we remain committed to growing the business. We have built an excellent platform from which to do that and could deploy significant capital for the right opportunity. With that in mind, we have evaluated several potential acquisitions since closing the Marathon UK transaction, and we continue to evaluate potential acquisitions..."

Mystery over as to why we were valued so low ? ... "At the end of 2019, the Group had in issue $206.5 million of surety bonds (2018: nil). The Group's A rated (Moody's) surety providers include Aspen, Liberty Mutual, Travelers and Westport".
Bondholders never liked them never will ..... "cash or equivalents"

So we have now released almost all our DSA cash for acquisitions.

Pressure building on Russia to toe the line ...

Yep, Trump really wants the cuts to happen, that's for sure.

Those that export into US include SA / Russia will not want low POO and taxes on their sales to US. The US imports approx 18% of its oil atm with around 50% of that from Canada !!! With Russia, Mexico, SA, Columbia around 5% each

Big gamble is this from Trump ..... if he imposes tariffs .... those that currently import from US will either put tariffs on too or source from else where at lower prices imo. Likewise, they may just stop selling to US .... the US needs imports for blending so really can not do without imports. US are a net importer too.

Interesting few days ahead.

"but looks like that is going to be delayed until the middle of the week..."

That's because OPEC+ wants to get everyone on board with the cuts .... not just SA/US/Russia. Cuts can be made now, but the 3 big players want everyone singing from the same hymn sheet imo.

The members of OPEC+ will have been suffering too and know this is serious, non-agreement could spell the end for whole countries and their regime, let alone their O&G industry, so I see no reason why they will not all cut. In fact, so long as the US fall in line, I can see bigger cuts than 10-15mmboe. In deed they will put cut upon cut until POO stabilises at ~$40 imo. That should be sufficient for OPEC+ producers to still operate at a profit, but still inflict a degree of pain to US shale producers .... who lets be honest, have had it easy until now.
If for some reason they fail to agree, well then, I despair for their lack of humanity in these exception times.
aimo

IMO, the market has valued us harshly for one of two reasons.

We are burning through cash like hot knife through butter
or
We are to spend a large cash amount on an acquisition.

Now the first one, any analyst worth their salt would easily calculate from hedges in place and RNS's info know we are not burning through cash. Particularly now we deferred $50m CapEx too.

So that leaves the second option ..... as the virus has made completing business harder in terms of getting things done ie third party specialist services .... any time frame would have been pushed out .....

My money, is on option 2 ... all day long.

atb

Interesting that there has been a lot of what I would call 'tidying up' of our company in terms of secretaries, assets and directors directorships ..... from 20 March to 26th March !!

Just an observation !!!!!

UK queues for toilet roll ......

The US queue for guns and ammo.

https://www.forbes.com/sites/carlieporterfield/2020/03/16/coronavirus-fears-have-led-to-a-surge-in-us-gun-sales/

do not open his link SPAM from Libya

do not open his link SPAM from Libya