Member Info for NewKOTB

"forecast is for gas prices going up significantly in 2021..."

Notice ICE futures are not giving a monthly price beyond June atm. Only Winter20 at 31.6p/therm

LS,

You have forgotten the Joker in the Pack, on this day of all days .... the one and only Trump.

Lets wait and see what he comes up with, as I mentioned before, I believe once all the US storage facilities are full to spill with super cheap oil to power the US through its recession, then Trump will play his Trump card imo.

nmh19,

Its not demand to will curtail Saudi et al production, but storage .... you HAVE to stop pumping if there is no where left for it to go. Also you can not just turn off the taps like water. The Saudi are renting as many ship as possible, that tells me full capacity is due in a matter of a few weeks. When that happens, then POO become irrelevant.

Once again, our final dividend will still be paid imo.

"With dividends being cancelled everywhere what is the chance of RRE following suit?.."

The announced final will be paid imo, at a cost of only £3.25m, CoH equivalent to £21.89, current SP £6.00 .... future dividends will be reduced, however, there will always be a place for 'special' dividend ... so now worry here IMO

Our financials will look amazing against this recent mayhem and more importantly, BoD statement will be exceptionally well crafted imo.

ACW has been through this all before, that's the benefit of age and experience..... young Mitch, watch and learn !

To prepare for prolonged low oil prices, companies will cut ALL CapEx further with the exception of H&S and workover projects scheduled imo. Production shut-in on some fields too. We reduced our Capex by $50 for 2020, expect to see more projects iced, at least in the short term.

Those with cash (RRE), will buy distressed producing companies, much quicker and cheaper than to find, drill and extract your own. Once more massive consolidation to occur in the UKCS.

The big unknown for ALL ... is how low and for how long, atm, anyone's guess.

Times like this that call for calm head and great leadership, AA, time to shine, like you have never shone before.

aimo

Good old Bloomberg ... you can always rely on them to peddle their own agenda.

The 3/10 was for the interim dividend of 60p ..... the final dividend for 25p per share (the timetable for which will be announced in conjunction with the release of final results for the current financial year).

Could be the fact you stated you hold >3% of the company ..... but no where are you shown on any TR-1 as legally required by FCA.

So its not the case "if you dont believe its fine by me" .... facts show otherwise I'm afraid.

Think with tax incentives (only to get better imo) and SQZ positioning, think we would do 'well' to work alongside the UK government in CC technologies. Has to be the way forward for UKCS infrastructure.

Although saying that, R&D cutbacks that will occur due to CV would mean clean technologies will take longer to develop, so the reliance on traditional low cost fossil fuel may well be pushed out .....

PS Somehow, I don't think SQZ holders need to worry about too far into the future.

aimo

So it still has me confused as to what the FCA gained by this moratorium !

When you want the FCA to act ..... they do nothing to stop obvious market manipulation taking place..... yet slap an moratorium on all companies out of the blue ...

It feels as if the market is actually waiting for RRE to make a move ...... one that they are not sure about until details are released.
aimo

So with Brent up, gas up .... RRE are now down !

Not sure why the market constantly views us worth a fraction of cash on hand ..... remember, no debts either

Bloomberg are nothing more than the puppet of the market players ..... and they play the game too.

Just allowing time for the big guns to close their oil shorts on both POO and O&G companies, open longs of course ..... then watch the reversal happen ..... deal with SA and or Trump acts and then almost overnight POO back to +$35 barrel.
aimo

EasyJet UP 7.5% ...... even after EasyJet grounds entire fleet of planes due to virus .... how does that work !!

Well, the bloody Saudi's and Russian's are acting as though they are in Panto season atm.....

OM1984,

Think you have been dipping into the vino too ..... wrong board, I guess you want this on HUR.

As you are here .... SQZ as follows;

Production circa 30,000boepd 80% gas / 20% oil
Drilling Columbus and Rhum3 Q4 2020/ Q1 2021 looking to add circa (my est 8-10kboepd) H1 2021
NO DEBT what so ever ....

NB: DOW closed up +3.2%

Upomega,

Also, both BP and Shell finished well up today, on a big down day for O&G, so investors, possibly fund managers see light at the end of the tunnel..... so long as it's not the HS1 hurtling towards us ..... or it could just be better downstream margins now !!

atb

Forgot to say, that an acquisition outside of BP would need to have opex lower than ours ( which is super low as it stands) otherwise it would not have the same impact, unless it was for a give-a-way / fire sale price.