Rockrose Energy Share Discussion Threads

[dunderheed] 18/3/2020 12:27

fuji99 whilst I am a large relatively holder of RRE (and at higher prices than this!)
I don't think they are on a PE of 2.5 now do you?
I appreciate a lot of the gas will be hedged but a lot of the oil will be making serious accounting and possibly cash losses now. IMHO and dyor!

[jason_scrap] 18/3/2020 11:48

Just bought a cheeky 8k worth:)

[fuji99] 18/3/2020 11:00

PE ratio of 2.5, loads of cash and share price almost at IPO now. Amazing !
Impossible anybody would have imagined this would get below £15 just a few weeks ago.

[divmad] 18/3/2020 09:08

If AA doesn't need a public market for his shares, because of the cash position and book debt, I don't see why he doesn't take it private.

[charlesjames1] 18/3/2020 08:54

To be honest, they could make a bid at cash value only and still give a healthy return from here and sweep up assets for free. I'd certainly be thinking about it.

[nigelpm] 18/3/2020 08:38

I wonder if AA will take this private - set up for him to do so.

[tomg23] 18/3/2020 08:20

Not heard from nigel for a while. Has he bailed again?

[tomg23] 18/3/2020 08:17

Exactly my thoughts. I've set orders every leg lower it goes. It's about conviction. Dont believe it then bail out and start playing the how low is it going to go game instead

[russiaguru] 18/3/2020 08:13

just buy more every 100p down and relax.

Its good a very strong balance sheet, room to cut capex if needed, and is a 60/40 split of oil/gas, gas being heavily hedged.

Compared to most others, apart from maybe JSE (PTAL ish), and the Bp/Shell, they are in a great position to shelter form this storm.

Also dividend is covered about 12x, that is just crazy.

[blueball] 18/3/2020 08:13

Theres no stopping this going down to 200p just wait and see.

[money4me] 18/3/2020 08:10

Bizzare pricing if this is a quarter of its cash on balance sheet. Opportunity for the coming year

[divmad] 18/3/2020 08:01

They need to be in cash conservation mode, not frittering it away on needless dividends that mostly go into AA's back pocket.

[mikro1] 17/3/2020 23:19

There is nothing to stop management from issuing say £6 per share as a dividend. That would still leave £14 a share unrestricted cash

[divmad] 17/3/2020 22:42

Why do some posters think that anonymity gives them a license to print obscenities? What part of their anatomy is puerile?

[costax1654x] 17/3/2020 22:35

What about oil at 15-17$ still think you will see RRE above 200-300!?

[divmad] 17/3/2020 16:08

I added another 2000 around 550 earlier this afternoon. Huge value here.

[costax1654x] 17/3/2020 13:55

Wonder how low can oil go?below 25?$

[theprovosts] 17/3/2020 11:30

Results next week should be pretty blockbuster! Lots of gas which is unaffected in todays environment. Crazy cheap!

[costax1654x] 17/3/2020 10:30

300 if oil goes below 30$

[russiaguru] 17/3/2020 10:06

their cash gives them a massive cushion for periods such as this, think it would be good if they pushed some capex further into 2020.

vols - 500p is almost here

[anley] 17/3/2020 09:38

I agree as well...............RRE will sit this out and then carry on with what they want to do and which has been explained to shareholders..........expansion.

In the meantime maybe £5 is a bottom BUT who knows!!!!

[rik shaw] 16/3/2020 21:08

I doubt it. The management will want to use available cash to snap up significantly undervalued assets if they can.

[mikro1] 16/3/2020 19:36

Holding this share is the closest thing to sitting on cash as they have 3x their market cap in cash. I predict management will shortly return a significant amount to shareholders