Member Info for Rookie1

What do you think trumps meeting with all the us oil majors was last Friday? Voluntary cuts, if not there will be no shale they have no choice, do you not get that?

KREMLIN SAYS MOSCOW IS READY FOR COOPERATION WITH OTHER OIL EXPORTING COUNTRIES TO HELP OIL MARKETS STABI

Lol Rush in? I’ve been in since £5.80 the first time round you absolute pleb

Pmo are so heavily shorted and we are still yet to see a lot of them close.

Pmo has legs yet, wouldn’t be surprised to see late 20’s

Ammu123 £910
danawinner £9.00
ferrotty £8.80
Kenco222 £8.50
sailintosunset £8.40
theshipscook1 £805
Rookie1 £9.50

25p atleast today hopefully

Not so sure of a pull back now this morning,maybe a little,but I’ll be a buyer again at 20 if it does

Think Danna or lex has this.

SOLID, very happy with that.

Open at 20, down to 19, rise from there.

Be interesting what our P/E ratio changes to.. new investors will be scratching their heads trying to work that one out.

This is a point I haven’t really understood this weekend, “oil set to plummet” I see it falling back but I don’t really understand why everyone is talking like no deal has just been announced,it reads to me it’s a delay to give more time for better structure of a deal and involved everyone, as it should,but It’s not been cancelled.

RE: Weekend chat suggestion - opening price on Monday?
OK, so here is an update on the opening price to date.

Ammu123 £10+
ferrotty £8.80
Dana (me) £8.50
Jack1888 £7.77
NewKOTB £7.49
Rookie1 £ 9.00

What are you waffling on about now? It appears once one lunatic disappears off this BB he is immediately replaced by another.
I wasn’t going to give you the time of day after your last response showed how little you know about applying a value to RRE, talking about £10 like it’s optimistic really is just comical.
I’m not entirely sure about what the point in your post even is? A meeting is likely to be postponed so the sp may retrace a little, in that case please take a short out and make yourself some money?

Us Rig count dropping like a stone,I see talks of a sub 10 m cut Monday maybe only half of what trump proposed (15m)but aslong as there is a willingness to cooperate I think the market will still react positively. This isn’t about physical supply and demand right now as such, the over supply hasn’t really been in full flow enough to cause a storage glut just yet and the surplus will get ironed out over the next 3-6 months when shale continues to drop.
The market just wants to see anything positive to show that supply will be adjusted to maintain a reasonable price and it’s not going to continue being a free for all for the foreseeable.

SA and Russia are probably thinking sub 10 m cut will achieve $40 oil which is enough to see them through these times of turmoil while keeping the noose around shales neck,they still want to achieve their goal of wiping shale out completely, that won’t have changed.

Apologies, it’s OBND.

I’ve never know anyone switch opinions as much as DBNO

“as for the usual suspects chanting last chance to get aboard at this price and that FOMO of £10 or £15 or £20 next week what's all that about when its at home ?”

You mean the £20 we were at about 6 weeks ago? That’s where home is,that’s why, not a 760p!!

Absolute joke, hope trump gets this deal sorted Monday. Then we better head straight back to 1500