Member Info for NewKOTB

SQZ are 80% GAS atm, and will expand that to close to 95% within 12 months

He was being asked about RRE own DIVIDEND and if they expect to continue to pay going forward and how others are following RRE. He mentioned SQZ alongside one other in the context of dividend paying companies. (20:35 minutes in) "Serica are talking about paying a dividend"

AA wants share price to be £50/share and not diluted . Guess that helps with our BoD having so much skin in the game.

My only concern atm, is his hesitancy in answering possibly taking the company private.

Also mentioned SQZ paying dividend .... so he knows details of SQZ business.....

https://www.malcysblog.com/2020/03/core-finance-interview-andrew-austin-executive-chairman-of-rockrose-energy/

Humm ..... 6:25 into interview

RRE board are "looking to increase position on gas, deepen those positions" and hence "increase balance on gas".

So RRE are 40% gas, SQZ 80% ..... Think the two combined would balance things for RRE overnight.

Charts point to an enormous gap to fill at 82p

Saying that .. back to $34 (+8%) today ... wild swings set to continue

Trump will not allow shale companies to fold before his re-election. He will act in his usual bully boy way imo

I expect oil to climb significantly within two months back to c$39, although low prices are here for at least a month aimo

You invest to accumulate .... that's what CapEx is all about. The future not today.

defer capex ...

No rest bite ... ftse down 3% atm ....although oil is flat .... for the moment.

TSC1, Exactly as I mentioned yesterday ... Trump will protect the shale industry by starting a war / conflict, either directly or more likely by proxy. He needs to be re-elected ..... the timing of this if not resolved would mean headline news with failed oil companies, banks in trouble and economy suffering running straight into the November elections. Trumps ego will win the day imo

So, as it stand RRE has NO DEBT, unrestricted cash in the bank of circa £260m and a MCap of £116m. With £42m already set aside for decom costs. Produces >20kboepd, and has 63m mmboe 2P reserves.
For goodness sake, have all valuation metrics gone out of the window .... even at lowly $5/barrel for our 2P that is worth £240m

Think AA will now complete a MBO for £18-£20 or less (ie Cash held in bank) and many would take that as it stands imo He would only need to spend in reality an additional £163m to get £302m cash in return, as he is currently a major shareholder..... happy days

Just watched the main 6 o'clock news .... full and total blame on the falling markets today on the virus ..... no mention what so ever about oil price war.

That's to me says it all .....

Just watched BBC news .... full blame on the falling markets today on the virus ..... no mention what so ever about oil price war. That's to me says it all .....

The whole world has been taken over by Lemmings.

The fact that covid has only been around for a few months means data can be massively skewed. No one knows who has had mild case and never reported for starters. As you know, the greater the data range the more accurate. imo, the worry is purely around the fact they have no vaccine atm and worried about media showing overcrowded hospital, failing health service and subsequently blaming the government.

Divi will be announced in April imo, just a case of when it will go ex-div, could be Sept / October which will be fine. Probably do a token interim of between 1 to 2p and next April, who knows. The could even do a token 1p (£2.6m) this April, just to get the divi hunting institutions on board. Be a mistake not to after all the hints imo.

BP got slaughtered this morning, almost 30% down .... puts us into context.

Poor day all round, but the timing of the RNS .... WOWWW (although, I guess it was not coincidental being issued on the worst day for oil in the history of the markets)

Well done BoD. :-)

"Will we see diesel and petrol prices fall? Lol.."

Should be back below £1/lt after today ..... although I guess the players will hold off for as long as possible, particularly the upstream producers.