Member Info for zebbo

https://www.bloomberg.com/news/articles/2018-12-23/u-a-e-says-opec-could-mull-deeper-cut-if-1-2m-b-d-not-enoughMay help oilers. OPEC provide clarity and willingness to support the market and will do whatever it takes inc further cuts

https://www.bloomberg.com/news/articles/2018-12-23/u-a-e-says-opec-could-mull-deeper-cut-if-1-2m-b-d-not-enough

May help oilers. OPEC provide clarity and willingness to support the market and will do whatever it takes inc further cuts

Lol, I'm 10k adrift.

But hey thats the market.

More than confident this will come back in Q1 ++ ££ some. Oil has been oversold along with everything else. The Saudis say the market will balance in Q1. Shale drillers + others with be cutting capex adding to restricted supply downstream. Reasonable world growth is still fcast for next year, yet full blown recession is being factored in due to an over hawkish fed

Just general market sentiment.

Even if there is a small "further" slip, we are so cheap impact is likely be muted

Agree FYB...oh yes I have :-)

SQZ, very stable SP (relative to POO), and no move today. Just shows people dont understand RREs position in the market.

May have to liquidate other positions (at a loss) for some more RRE. Its just too compelling at this price

jjp, your entry price will not never arive. Have you researched RRE. Nope, didnt think so...lol

Never thought we would see these levels again. We wont be here long based on our fundamentals

Dow down. But oil bounced, so you never know, could end the day blue tomorrow

means greater volatility.....get used to it or move on

I'm still buying. The POO changes overnight not the company fundamentals (in our case)

Not just to pick up cheap RRE stock. But RRE are in a perfect position to pick up even cheaper assets. Any assets will be cheaper now than just 1 month ago.

Fillyerboots

2 similar mkt caps 2 very different value propositions. (yes I own ECO & RRE) but the difference is interesting IMHO and helps me balance my oil portfolio.

If ECO hits pay dirt, we are way way undervalued...IF. SP could multi bag on success. Defiantly high risk reward play. However IMHO risk favoring greater upside upon drill bit success, than downside on failure

The other end of the spectrum, RRE trading at a PE of 1...yes 1, £80M mkt cap with $100 EBIT, pumping 11k bopd, to increase to C20k in 12-18 months, no debt etc etc. Paid £1.50 divi earlier this year and has bought back 20% of its own stock a few weeks ago. Promising more acquisitions and divis from cash flow.

This shows both ends of the oiler investment spectrum and IMHO both very very promising

Looks like we will have an exciting 12 months ahead. One thing for sure, value will be realised

? Regular Dividends ? EBITDA £100m next two years ? War Chest to acquire ? More sharebuy backs in the future ? 20k+ BOPD next 12months ? Decommissioning costs not a worry ? Oil price hedged, 50% + Gas assets

Funny how negativity spreads like wildfire on a day when there is a general blood bath.

JOG has held up well and is at a rock bottom price. The brave have been buying, the weak panic out. Happily picked up more JOG, RRE & CAML today

Love these fillyerboots days

Good luck munch. I reckon we will up 25 by 08.30 :-)

With just 12.5m shares, the SP will be volatile. I have not done the maths, but free float will be ~5m shares. Expect any good news to be amplified and we are due some soon. I, like many expect RRE to re rate to at least £10 near term

Stand by your beds

Corp action would be to take it private.

Yep, the BoD need to sell the story and make some noise. Just leaving the stock on the FTSE cheap as it is may not be enough for RRE to realise its full SP potential ie >£10++.

I will drop Andrew a line tonight, see if I get any sort of response

jimmy00, reckon the BoD frustration with the SP will lead to corporate action. Lets see. I'm still expecting a min £10 SP for the New Year

Agree, all quiet at the mo.

Got a shed load of JOG already but may divert funds before Christmas if SP remains as low as this. No brainer really

*Andrews

Looks like next step will be taking it private unless the mkt attribute fair value