Rockrose Energy Share Discussion Threads

[costax1654x] 08/4/2020 12:09

Don't be silly,nothing is profitable at 18$ per barrel,not after tax

[tidy 2] 08/4/2020 08:32

Dividend this month and still profitable at these prices and even down at 18 Dollars per barrel.

[quantum15] 08/4/2020 07:57

Good call here.

[tidy 2] 08/4/2020 07:37

TAX allowance rebate circa 800m on the books here. Look at our current MCap 120m.

[tidy 2] 08/4/2020 07:26

In fact instal bidets problem solved but in the mean time, urgh lol

[tidy 2] 08/4/2020 07:24

Lol. Cut down on toilet paper.

[tidy 2] 08/4/2020 07:23

Closing the gap today could be the order of the day. Blue skies.

[5chipper] 08/4/2020 07:23

Wondering how extreme cost saving measures have to be to still be operationally profitable at $18 Oil?

Blanket ban on all paper clip purchases?

One tea bag for two brew ups?

[tidy 2] 08/4/2020 07:14

18 dollar per barrel profitable BARGAIN

[tkamp] 08/4/2020 07:06

Pretty remarkable that RRE is still down ~60% from where it was before the Corona-crash began vs. ~35% 'only' for majors like Shell and Total. While RRE may have on average higher production costs per barrel than Shell or Total it has a huge amount of cash on its balance sheet, whose value is unaffected. The overall asset mix of RRE is much less risky than that of Shell or Total. If anything, RRE stock should be outperforming oil majors, not massively underperform.

I swore to never take a position in oil-companies and I looked at RRE before (about half a year ago) and like any other oil company I ever looked at I didn't like it enough to invest. A week ago I actually took a position in RRE though. As much as I hate investing in oil, these shares are just way too cheap. Too good an opportunity.

[tidy 2] 08/4/2020 00:22

Use my linkOPEC & Partners Eye 3 Month Output CutOPEC And Partners Eye A 3-Month Output CutApr 07/2020 TASS reported on Tuesday, citing two sources at OPECHTTPS://twitter.com/andy47640/status/1247631947570065409?s=21

[tidy 2] 07/4/2020 18:39

Also benefitting from the 20% rise in natural gas prices over the last 3 days, instigated by the Qatar project delay.In addition to cash position 2x market cap, no debt, confirmed 25p dividend, and oil production costs of only $18/barrel.Massively undervalued down here.HTTPS://twitter.com/sonicshares/status/1247573429886365699?s=21

[tidy 2] 07/4/2020 18:38

Highlights include doubling reserves and resources, initiating a progressive dividend policy, a 117% increase in Group production to 19,356 boepd on a pro forma basis, and a reinforced balance sheet position with total cash of $375.5 million #RREHTTPS://twitter.com/rockrose_energy/status/1247045166113992704?s=21

[rajauk] 07/4/2020 17:59

I sold today, not because I don’t think it’s not undervalued, I believe it is massively undervalued but because I think the present rise is just a bear rally and I will be able to buy it back lower.
Wish everyone luck if my hypothesis doesn’t work then I’ll look a proper plonker but wish all holders well as it’s a quality company.

[tidy 2] 07/4/2020 16:38

Very informative call. Seems we are a tad under valued by a bag or 3. 18dollar per barrel costs. Whoa

[robo175] 07/4/2020 16:28

Happy to wait and hold till at least £20+ again

[tidy 2] 07/4/2020 15:42

Perfecto here.

[rik shaw] 07/4/2020 15:10

Dividend details just published:
'As announced as part of the Company's full year results on 6 April 2020, we will be asking shareholders to approve a final dividend for the year ended 31 December 2019 of 25p per share, bringing the total for 2019 to 85p per share. Subject to shareholder approval, the record date for the final dividend will be 17 April 2020 and it will be payable on 7 May 2020 to shareholders on the register at close of business on 17 April 2020 (the ex-dividend date will be 16 April 2020)'.

[dunderheed] 07/4/2020 14:16

I'm assuming the analysts presentation and call was well received then?
Has anyone listened to it yet?

[banksy] 07/4/2020 13:37

For now positive sentiment moving this along nicely, but if no OPEC deal tomorrow then forget your charts, this will crash and visit previous lows, just like Pmo, tlw and others, as Brent and WTi retreat again.