Rockrose Energy Share Discussion Threads

[costax1654x] 01/4/2020 07:12

No Debts here just a 800 mil decommissioning costs!

[handykart] 31/3/2020 12:43

Think you have debt and cash mixed up Milliecusto. Take another look.

[robo175] 31/3/2020 06:43

Your clueless millie, can't you read accounts.

[ammu12] 31/3/2020 06:14

Oil rising....

[jason_scrap] 30/3/2020 22:54

Lol..... "The Company remains well positioned, despite current oil market uncertainties. RockRose has a strong balance sheet, with no debt and cash at the close of business on 25(th) March 2020 of GBP287 million (GBP248 million unrestricted), equivalent to GBP21.89 per share."

[milliecusto] 30/3/2020 22:08

Is the debt at £275m, hope it's nit due to get called in shortly

[robo175] 30/3/2020 20:20

Lol there is a Costax type on every thread

[bountyhunter] 30/3/2020 19:39

Blimey, you get around a bit Costax, is there no end to your blanket deramping across a plethora of random threads? Why don't you do something positive with your life instead!

[dragon35] 30/3/2020 18:44

What do you know that we do not? We can all google an article to support our point of view, but what matters is what is going on behind the scenes as that dictates the movements from here. None of us really know who is doing a deal with who, but to get an economy back on track when the vast majority of your income relies on oil sales price is likely to need a higher oil price than today. Market share at break even prices is no good long term.

[costax1654x] 30/3/2020 18:16

An announcement by the U.S. that it would add 77 million barrels to its strategic reserve to support prices will do little now that the coronavirus is decimating demand.

[costax1654x] 30/3/2020 18:14

I have the feeling that some of u have no idea about oil industry at all

[costax1654x] 30/3/2020 18:14

https://oilprice.com/Energy/Energy-General/Is-Oil-Heading-To-10.html

[costax1654x] 30/3/2020 18:14

How Trump will respond?

[dragon35] 30/3/2020 16:41

Production shut in for a lot of big producers I reckon. Saves capex and opex until prices rise again.

[swanvesta] 30/3/2020 16:33

10.6 from May (phew)

[dragon35] 30/3/2020 16:27

Have you seen the dec20 and onwards CFD hedge prices? Just assume RRE takes one of those on some of its oil. Guess they wouldn't struggle too much then? My point is that I would imagine AA is looking to secure a 6 month position at break even or better which then leaves plenty of fire power. He might also buy a cheap producer with a hedge in place to lower average costs. Got to think outside the obvious to hopefully make some money

[newkotb1] 30/3/2020 16:26

Costa ..... try getting your dates correct in the first place.

If SA does, then Trump will respond ... oil back to +$35 overnight imo

[money4me] 30/3/2020 16:15

That is the good news for RRE. Cash greater than market cap by quite some way. Will be looking to keep buying at these prices

[costax1654x] 30/3/2020 16:08

All depends on Saudi Arabia,if they start pumping tomorrow 12.5-13 mbopd than,is going to happen...oil below 20$,or maybe below 10$!Rre at least can survive!Many others will disappear

[ammu12] 30/3/2020 15:53

Costa stop being greedy.This share price won't last long.

[newkotb1] 30/3/2020 15:40

250p, lol ..... only need a 750% rise from that to return share price to cash on hand value ALONE.

Buy 1 get 7.5 FREE

You really should short from here in that case, then you can have a double win, win .... somehow don't think you have the dangly bits required to do so ... aimo of course atb

[costax1654x] 30/3/2020 15:28

Still keeping my buy order at 250!

[divmad] 30/3/2020 14:37

You mean like bmn?

[milliecusto] 30/3/2020 11:18

Dan Yergin: April's oil demand may plunge by 20 million barrels a day https://www.cnbc.com/2020/03/30/dan-yergin-aprils-oil-demand-may-plunge-by-20-million-barrels-a-day.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard