Rockrose Energy Share Discussion Threads

[charlesjames1] 02/4/2020 07:20

Its day to day churn of costs, current oil price and de-commissioning costs it will have to fund, but in essence should be trading well over a tenner.

[talkman2] 02/4/2020 07:18

Can someone please explain why this share trades at such a significant discount to its cash levels which is over £20 a share.

[danawinner] 02/4/2020 07:11

Nice start to the day then? Let's hope that both the price of oil and the share price follow this trend.

[royalalbert] 01/4/2020 13:02

Ammu12 no problem with PTAL it's other companies what have the problem.

[ammu12] 01/4/2020 12:46

Divident record date this week ?

[anley] 01/4/2020 12:30

PRO..I said "may"..........shall we see what happens over the coming weeks!!

[ammu12] 01/4/2020 12:11

Just avoid the likes of ptal. Other companies should do well.

[pro_s2009] 01/4/2020 12:05

anley, oil will not go to 10$.

Saudi and Russia quite happy with 20$ range.

[ammu12] 01/4/2020 12:05

Where does it say ?

[jason_scrap] 01/4/2020 12:03

Dividend record date is this week mind. And financials are now due next week

[jason_scrap] 01/4/2020 12:01

Bedwetters.... simples

[ammu12] 01/4/2020 11:57

How can this be 8% down ffs

[pineapple1] 01/4/2020 11:56

Charles Nenner predicts $5 but is not specific for how long. Doubt even Saudi well head production costs are that low.
Some US high sulphur land locked thick crude is offered at 13c a barrel. Can't get rid of or store the stuff.
What a mess.

[anley] 01/4/2020 11:42

RRE gets mixed up along with all the oil companies - Big Board or AIM - then there are the trends which I am afraid are down for the foreseeable future.

Here is another example from the USA:

Frackers have asked one of the State authorities for an emergency meeting to order a curtailment of production. It is the surplus that could overwhelm the handling, processing and storage capacities - pipelines, vessels, terminals, processing facilities are all involved.

Now add that to ships off Singapore and what is happening Russia V Saudi A and its all one big mess which will take some time to resolve.

On top of this Wall St & London are in Bear territory so keep your powder dry as OIL may go to $10 a barrel unless this mess is resolved and who will be the winners - those that buy shares much much lower.

Hope this helps as I am waiting to BUY...............

[charlesjames1] 01/4/2020 11:34

Latest from CNN, hence I'm waiting. 'Without a diplomatic breakthrough, the Saudi Arabia-Russia oil price war could continue until the end of 2020, according to analyst Edward Bell of Emirates NBD'.

[spawny100] 01/4/2020 11:34

Presumably people see the likes of Shell at such prices as more of a bargain than here?

[clunes100] 01/4/2020 11:32

Oil is down but other oilers like Shell, BP and Parkmead have all bounced today, what is up with RRE?

Any ideas?

[dragon35] 01/4/2020 10:00

I taken a good few to guard against suspension and a big acquisition but like you got a lot of cash ready to take more if the opportunity arises.

[charlesjames1] 01/4/2020 09:44

Same here. Sat in cash waiting patiently.

[ammu12] 01/4/2020 09:33

If it does I'll buy more

[anley] 01/4/2020 09:28

In my view the share price of RRE could well fall below 500p based on the sector being under further pressure in the near future.

The US shale producers are now filing for Chapter 11 and this mess will take some time to resolve and on top of this Buffet has not raised his head on his views and what he might do in the energy sector. A good example is his stke in IOG....so keep and eye on this share.

All in all time to buy is when there is blood on the streets but the patients are only bleeding at the moment............

[robo175] 01/4/2020 07:43

Costax filtered, utter nob

[dragon35] 01/4/2020 07:34

Completely incorrect like most of your posts.