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RRE Rockrose Energy Plc

1,848.00
0.00 (0.00%)
28 Mar 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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,848.00 1,848.00 1,850.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Rockrose Energy Share Discussion Threads

Showing 376 to 398 of 6425 messages
Chat Pages: Latest  17  16  15  14  13  12  11  10  9  8  7  6  Older
DateSubjectAuthorDiscuss
07/1/2019
17:39
What does it signify
simoore89
07/1/2019
17:03
A 1 share UT buy just after the close.
bountyhunter
07/1/2019
16:42
more NS assets coming up for sale as BP becomes
increasingly focusing on U.S. shale fields

bountyhunter
07/1/2019
14:46
Good article in todays IC which opines that energy and commodity prices are set to rally strongly in light of the new softened Fed policy:-

"..Last Friday’s sudden volte face indicates that the US Federal Reserve has belatedly woken up to the fact that further tightening of US monetary policy and draining liquidity from the global financial system could be a step too far. The liquidity squeeze on markets outside the US has been significant given that offshore dollar debt around US$12.8 trillion (£10 trillion), according to the Bank of International Settlements. It also comes at a time when there is clear evidence of a global economic slowdown both in China and in the eurozone, where both the economies in Italy and Germany could be on the verge of recession.

I will be monitoring events in the US very closely in the coming months as there are several major implications for investors if the US Federal Reserve decides to stop tightening monetary policy, the most obvious of which is to expect the US dollar to start to sharply weaken. If I am right then we can expect a major rally in commodity and energy prices, both of which are priced in dollars as is gold and silver.."

I'm not sure they've taken into account the likely uplift in US fracking if oil rockets but it's a very positive article anyway.

paleje
07/1/2019
13:29
-- Group production, including the contribution from Dyas B.V since the effective date of the acquisition (1(st) January 2018), averaged 10,772 boepd, with production in December averaging 11,200 boepd.

-- Target production from RockRose's current portfolio for 2019 remains between 10,000-12,000 boepd.

-- As at 31(st) December 2018 total cash at bank was $121.4 million, of which $53.3 million is held in connection with Decommissioning Security Agreements (DSAs).

-- The company remains debt free.



...not bad for a company with a market cap < £100m!

Ok there are some factors to consider such as opex and some of the revenue accumulating to meet decom liabilities but unless production is hedged at a low price RRE should do very nicely going forwards imo especially with the oil price recovering.

bountyhunter
07/1/2019
13:23
I personally think this is due a 're rate anyway but is it coincidence i3e is going up today albeit on small volumes?
dunderheed
07/1/2019
13:04
They seem to be wanting to get on with it today which makes a refreshing change. Maybe the seller is close to being cleared ?
basem1
04/1/2019
19:32
Used to be in SLP, geared to the platinum price but a decent company from what I could tell. Metal prices are likely be hit first by any global economic downturn which would be my concern there medium term.

I have played a similar game to the one mentioned by investigating companies with low PEs in relation to peers.

bountyhunter
04/1/2019
18:49
Basem thats my favourite game too :) will look into
mysteronz
04/1/2019
17:58
Gents, I thought I'd share the spoils. Another company on a similar, albeit not quite so ridiculous undervaluation is SLP. A little game for you that I play when I first research a stock. Read the end of August's final results without looking at the market cap first, then think what you would be happy for the company to be worth, you'll find your onto a winner. You can all thank me when we have the RRE 15 pounds party. GLA
basem1
04/1/2019
11:40
They have budgeted for their responsibilities re decommissioning costs and like anything else this would only be a future concern if costs were higher than expected. There has already been sufficient decommissioning in the NS for quite realistic assesment of costs so in my view the risk factor is being overplayed and this share is worth more than the current price indicates. Management clearly think that as well given the buyback strategy and also from what they have said.
bountyhunter
04/1/2019
11:31
Decom costs are an issue. Does anyone know when they will start to be payable?
1, 5 or more years?

yellowdog
04/1/2019
10:59
Ok, thanks.
mr. t
04/1/2019
10:43
Igas stuff - yes.
nigelpm
04/1/2019
09:16
It would be if there were smaller decom costs and I could trust AA.
nigelpm
04/1/2019
09:07
This is like buying 2 pound coins for 50p at present. Bought a load more at 613 this morning.
basem1
04/1/2019
07:42
Volatile right now so that may continue today.
bountyhunter
04/1/2019
07:28
Should be blue today as we pulled back to the 7th Dec support level on the chart. These chart ARE playing out, however I did think we would have gone higher yesterday and then pulled back. It matters little, unless your impatient like myself to see true value out.
basem1
04/1/2019
05:39
Thought you deramping!!!Didn't read probably
costax1654x
03/1/2019
18:07
1) oil prices went down back than from 120 to 20 and 2)are you reading the numbers in results or not!Keep dreaming!!
costax1654x
03/1/2019
16:12
no worries there, nothing goes up in a straight line
bountyhunter
03/1/2019
16:08
A 605 close will be fine on the chart as a pullback, we can have a go at 7 pounds again tomorrow then.
basem1
03/1/2019
16:04
Don't know much about AA but regarding decom. Lots reports about decom liabilities reducing from estimates AND fairly good likley hood of extending assets lifespan (bleo holm) and therefore more revenue to deal with decom so % of rev required for decom decreases again.
froop
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