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RRE Rockrose Energy Plc

1,848.00
0.00 (0.00%)
17 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rockrose Energy Plc LSE:RRE London Ordinary Share GB00BYNFCH09 ORD 20P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1,848.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
1,848.00 1,850.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1,848.00 GBX

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Date Time Title Posts
22/9/202009:26RockRose Energy PLC6,462
21/8/200608:54Russia Real Estate Development Ltd1

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Rockrose Energy (RRE) Most Recent Trades

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Posted at 06/7/2020 08:30 by cpap man
Perhaps a new home for all you rich RRE shareholders ?!?!?

Namely AIM listed UOG / LSE:UOG



In a new research note out today on LSE:UOG brokers Cenkos have increased their share price target from 7.3p up to 9.5p



We value United’s portfolio (minus Jamaica) at US$91.3m, c4.5x its current market cap. Unrisked, we value United’s entire portfolio at US$321.7m (including Jamaica) or 34.9p per share, >16x United’s current market cap. We set our target price in line with our risked valuation (minus Jamaica) at 9.5p, a 280% premium to the current share price and reiterate our BUY recommendation.
Posted at 22/6/2020 14:13 by begorrah88
Same pattern as we've been seeing for a while here. If the share price shows any signs of lifting out of a range we see sells sprinkled onto it in sufficient size to bring it back to a bid price around the £11 mark.Oil price movement seems to matter little. Is this because some deal is being worked and based upon a share price over a certain time period?Seems very consistent at present.
Posted at 19/6/2020 07:41 by danawinner
Nice to see a bit of a lift in the share price this morning together with Brent rising to $42. It makes a pleasant change as usually when the oil price goes up our share price goes down!Let's hope that the usual correlation between oil price and share price has been restored.
Posted at 06/6/2020 09:28 by kenmitch
100% gain is just that regardless of supposed “high” share price.

A share priced at 10p will go to 20p if it doubles.

And a share priced at £10 will go to £20.

The only time a “high” share price is an obvious problem is if it is exceptionally “high.”

E.g if share price is £2000 then 1 share costs £2000 and so it is impossible for small investors to sell a portion or take part profits if wanting to continue to hold.
Posted at 03/6/2020 20:16 by gf123
Rre share price is a lot higher too :)
Posted at 22/4/2020 11:37 by newkotb1
Think the fact RRE are trading at 65% discount to CASH atm, has more than fed through to RRE. Sure CostaX will put me right has as he's on filter (for being a tool) I guess he has already today been going on about Brent and waiting for RRE to fall to his 100p entry and how oil is now dead and end of the world is upon us....lol... for reference you need to look at production mix, hedges in place, opex costs, the fact RRE has no debt to see where the share price will go from here, esp once AA does his next deal ... which could be ANY DAY NOW....atb aimo
Posted at 19/4/2020 14:32 by ammu12
Costax, share price will track oil price simple as.If poo rises tomorrow share price will and same when poo drops. Doesn't really matter what you think about decommissioning cost etc
Posted at 19/4/2020 13:06 by newkotb1
dragon, absolutely correct, buy now and without a doubt POO will be substantially higher in 12-24 months, the Saudi's and Russian's will ensure that imo. Having held through the fall and bought more on dips, never in my wildest nightmares would I have thought RRE would go sub £5 (pre Marathon deal), but she did and many lucky investors were able to jump aboard. I would be more than happy for RRE to do another RTO deal .... AA will be on the acquisition hunt that's for sure, just a matter of when not if ...Remember RRE currently trading at 65% DISCOUNT to cash in the bank.....atb
Posted at 08/4/2020 07:06 by tkamp
Pretty remarkable that RRE is still down ~60% from where it was before the Corona-crash began vs. ~35% 'only' for majors like Shell and Total. While RRE may have on average higher production costs per barrel than Shell or Total it has a huge amount of cash on its balance sheet, whose value is unaffected. The overall asset mix of RRE is much less risky than that of Shell or Total. If anything, RRE stock should be outperforming oil majors, not massively underperform.

I swore to never take a position in oil-companies and I looked at RRE before (about half a year ago) and like any other oil company I ever looked at I didn't like it enough to invest. A week ago I actually took a position in RRE though. As much as I hate investing in oil, these shares are just way too cheap. Too good an opportunity.
Posted at 02/4/2020 14:15 by dragon35
Basically the market has valued this as a business likely to deliver a $30m profit this year and discounted the cash altogether from the valuation. The market is either expecting RRE to use all its cash to stay alive or its expecting RRE to acquire a new asset. The current share price says the market thinks the cash is for survival not acquisition. If the latter comes good then the market gets caught with its pants down and we all make a fortune!
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