Member Info for Rookie1

I agree NEW, he couldn’t get funding past to fill the SPR though so can’t be much longer?

No munch, sorry poorly worded. Heavily debted company’s like pmo won’t be around long is what I meant. I hope they are because I’d like to see pmo recover. Very high risk but I’m debating putting a few thousand in there and waiting for £1.50 in 18months.

And then for the huge spike out the other side. Shale heavily damaged and won’t return because they won’t get the debt this time, there’s already been a huge lack of investment and development of new fields in O&G these past 5 years,and then take into account the production wiped off through bankruptcy’s. Look at company’s like pmo, there’s 80k gone in one company, you don’t need to many of those to cure the low prices.

88p looks a great entry though. Finish in the 90’s today.

Who ever thought you would look at your pf and see a load of 3-5% in the reds and think, ahh that’s ok, I can live with that. Think my brains been pickled

I see a retest of 88p on its way today purely for that reason. Long term it’s a great buy but short term I see 80p again.

When will we know about the dividend? Or lack of it? Can they cut a payment at such short notice? I suppose I already know the answer to that.

Sqz, no brainier as is RRE

Keep their oil, the sooner trump pass’s that law for a baseline oil prices he can set it at $50 so they can sell it for as cheap as they like and pay the importer the extra in tariffs. We should do the same, push to be self sufficient,we have enough oil and gas in the North Sea to see us until the transition of renewables and it would be a massive boast to our o&g industry. Make them drown in their own oil.

I Never use leverage but debating buying another couple of thousand shares here on a cfd with a guaranteed stop. I’m not to familiar with cfd as I usually only buy with my own cash,Is anyone familiar with charges on IG if we had a 6 month suspension?

I think it’s down to the Oil itself, possibly lower sulphur, that seems to fetch premiums. Not 100% though.

With performance so far? Lol, I’m a heavy in RRE to the point I would rather lose the 10k I had in here and rockrose spend the cash on something actually proven and producing,which they will. I obviously hope this does come good but not at the expense of rockrose.

As a holder of both, I hope RRE don’t waste on money on this.

Anotherloser, what exactly is the point in your post if you have no interest in RRE? Cash certainly is king and we have £270M of it.

No no no munchy boy, things don’t stop just because you’ve sold,this is the time AA strikes.

https://oilprice.com/Energy/Energy-General/The-Cheapest-Way-For-Trump-To-Save-US-Oil.html

Sorry that was meant to be s reply to Harel.

Anyone who’s first thing to do on a Saturday morning is wake up and check the share BB he is apparently not interested in must lead a very,very sad life.

Ferrotty not missing anything, even in this climate we should not be below £200M Mcap £16 per share.
Well placed hedges are protecting us from the full force of this crash and we are trimming capex spend this year until prices recover. I’m sure your aware Andrew Austin owns 27% of the company,I’ll say no more.

Saudi says no deal!!

No it doesn’t, it just says they are not in talks with Russia as it stands, quite clearly.

Around 60 shares short is around £400 value so I’m not sure how that’s impossible.