Rockrose Energy Share Discussion Threads

[paleje] 15/4/2020 09:56

abbot here's the link, it's about 3/4 in.

[paleje] 15/4/2020 09:17

The thing is the world has to get back to at least partial recovery regards energy usage, nobody thinks that won't happen and as it does, and the surplus is is consumed, with the accord now in place and even the Americans playing ball to some extent, the oil price should firm up. But more bumpy months first.

An share price Angel energy analyst interview yesterday mainly on BP and Shell but at the end he was asked if any tiddlers catching his eye, he had a couple RRE was one of them which he thought was ludicrously priced.

[money4me] 15/4/2020 09:15

Yes I noted that the cash was to be spent. Such investment would be based on assumed oil price going forward. If the price stays around $20 for a year then bums will be twitching but the share price here could be £10, hence I just want to squeeze in at lower than that

[money4me] 15/4/2020 08:40

I can't lie. I am waiting for it going lower to bring my average down. This is well undervalued over the he longer term. Money to be made on covid stocks now

[costax1654x] 15/4/2020 06:27

You want to bet that we going to see new lows again?

[fardels bear] 15/4/2020 06:20

Grim economic forecasts? In the middle of this lot? Are they really being paid to come up with that?

[masurenguy] 15/4/2020 01:12

More bad news !

"Oil prices fell by nearly 7% yesterday amid fears that the biggest production cuts in history will not eliminate the glut caused by coronavirus. However, analysts said that the Opec+ cuts may be “too little and too late” to prevent a near-term drop in prices, while a range of grim economic forecasts compounded the gloom. Chris Midgley, head of analytics at S&P Global Platts, said that there was likely to be a supply excess of between 15 million and 20 million barrels per day through April and May. He said that “prompt dated Brent” could fall “below $20 per barrel in the short term”. The Times: 15 April

[costax1654x] 14/4/2020 17:44

Oil is a falling knife right now!Trick didn't last!

[gooner1886] 14/4/2020 17:28

This glut wont last allYear but i can see a good couple of months, bp, rdsb, rre all follow the oil price more or less religiously and oil etfs. Should be wasy money to be made once oil kicks on again , smaller oilies i do dabble in but no need to touch them no more why the big boys are at a discount

[ammu12] 14/4/2020 16:45

I hope not but you could be right....

[gooner1886] 14/4/2020 16:36

We could see 6 quid here again coming months patience is key here , load up at time again soon at that price

[robo175] 14/4/2020 15:24

Bla bla bla, yes we know all that but what we are saying is huge cash pile equating to £22 per share hedging in place into 2022, low cost of production and just waiting to pounce on a tasty morsal, no factoring in of assets etc etc.

[charlesjames1] 14/4/2020 15:14

A huge glut of oil, and if you do some studying you will see that some analysts are saying it will take a least a year to clear the backlog, and they are still producing.

[costax1654x] 14/4/2020 15:07

That if Russia will not playing like usual

[costax1654x] 14/4/2020 15:06

I suppose you realise that the Opec++ cut is not enough and oil prices will tank

[ammu12] 14/4/2020 13:09

How do you know ?

[costax1654x] 14/4/2020 13:05

I suppose for the next months we will trade between 700-900!