Rockrose Energy Share Discussion Threads

[jason_scrap] 02/4/2020 19:46

Oh yeah, the discretionary decommissioning costs... £500m over 10 years... already accounted for in the restricted cashflow. Next question.

[tomg23] 02/4/2020 17:58

Thought he was waiting for 250p. Crazy that this went up so much today. Have people forgot about all the decom liabilities???

[ammu12] 02/4/2020 15:56

Check on Olivia

[milliecusto] 02/4/2020 15:55

https://oilprice.com/Energy/Energy-General/Russia-Oil-Producing-Countries-Not-Discussing-Any-New-Deal.html

[jason_scrap] 02/4/2020 15:35

Well done then. Decent entry

[charlesjames1] 02/4/2020 15:26

And they arrive like locusts. But locusts that are already on filter.

[costax1654x] 02/4/2020 15:22

Saudi Arabia to cut production below 9 mbopd

[deadly] 02/4/2020 15:22

Trump speading fake news again.

[milliecusto] 02/4/2020 15:16

On cnbc, Kremlin denies having oil cut conversation, beware of buying the spike

[jason_scrap] 02/4/2020 15:08

Probably being squeezed...! Lol

[costax1654x] 02/4/2020 15:07

You idiot I bought today just after Trumps tweet

[costax1654x] 02/4/2020 15:04

I am surprised that a company who has 21£ per share and no Debts is valuated only at 7£

[dunderheed] 02/4/2020 15:01

Sorry Costax?

[costax1654x] 02/4/2020 14:49

Rre only one to drop:))

[charlesjames1] 02/4/2020 14:44

Trump tweet: Just spoke to my friend MBS (Crown Prince) of Saudi Arabia, who spoke with President Putin of Russia, & I expect & hope that they will be cutting back approximately 10 Million Barrels, and maybe substantially more which, if it happens, will be GREAT for the oil & gas industry!

[robo175] 02/4/2020 14:29

We will look back in 6 months time and wonder why could they not see it.

[dragon35] 02/4/2020 14:15

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!

[pireric] 02/4/2020 07:20

There's a significant amount of decommissioning liabilities, Talkman 2. That's better to have than debt for a number of reasons, but it's still a long-term liability you'd include in an Enterprise Value calculation