Rockrose Energy Share Discussion Threads

[costax1654x] 23/4/2020 06:40

Go and touch your mom!

[shortforever] 23/4/2020 05:24

Costax what a idiot you call everything wrong , you are the mouse around the wheel chasing what don't get it ! Brent ! $22.89

[eentweedrie] 22/4/2020 21:14

Should see 400p this week punters

[thorpematt] 22/4/2020 20:03

newkotb1
Many thanks, that's very helpful. I liked the metrics here and the net cash is not that commomn within the sector, so understanding non op. ex is very relevant here.

I have made a couple of really nice calls on oil futures of late and was very fortunate to exit the WTI june spread short at $11 this morning (prior to Trump's tweet). I was in at above $22 so I have some cash to invest!

Ultimately I am looking long for oil stocks and RRE is a possible for a small portfolio of oilers.

[costax1654x] 22/4/2020 19:27

18$ per barrel:)))))))))))))) oh my!!!!!

[gf123] 22/4/2020 17:13

Problem is this isnt AIM. Out of his jurisdiction LOL

[newkotb1] 22/4/2020 17:12

Tax relief on abandonment expenditure, fully covered by tax paid history. So nil net value for 2020. Abandonment expenditure is likely to be ~$30.0 million (before tax relief). Also decomm and therefore payment of said, runs until 2038... Opex is falling constantly RRE have run a POO downside sensitivity forecast at $18/bbl for the remainder of 2020 and $37/bbl for 2021 with a 20% reduction in production to which the Group remains cash flow positive. Capex is quoted atm and could be reduced further by pushing out to 2021 if required, stands at ~$120m, but this investment should lead to significantly higher production in 2021. We have already added 2,500boepd this year through careful capex...
PS Say hello to Costax for me .... :-)

[costax1654x] 22/4/2020 16:52

Yes,nearly

[tomg23] 22/4/2020 16:33

Thought costa might be aim police on Twitter. Makes sense

[thorpematt] 22/4/2020 16:23

So, sensible people, can I confirm som details: -

capex and abandonmnet here for 2020 will be about $145m

and op ex on oil aspects about $30 / bbl

Am I about right?

[gf123] 22/4/2020 15:20

Yes. Investing is about finding companies, carrying out research and being content with your investments.It's not about how many posts you make on a forum. It's worth reading for information but also for a good laugh at clowns like you. Wont be able to sell under 7 quid today eh!Anyway I will stick to 77 posts. Keep on spouting dribble aim police. It's a good read

[newkotb1] 22/4/2020 15:20

Is CostaX still at it ...( have him on filter )... still laughing about the CostaCoffee gag .... I guess he is getting really wound up now ... POO recovery along with RRE. News is getting closer by the day ... hold tight and be ready for Costa's head to explode.... just needs that magic word 'suspension' in the next RNS.. atb

[costax1654x] 22/4/2020 15:11

76 posts in a few years

[costax1654x] 22/4/2020 14:44

You see me deramping!???I only said ....all depends on the oil price!!!!I did said about the cash,and about decommissioning cost as well!!!

[arcteryx] 22/4/2020 14:38

Costax1654x in relation to my recent investment here I have been looking at the history of this thread. You were previously the chief flag waver and supporter of this company. When did you fall out of love so badly? Since Covid?

Costax1654x2 Jan '19 - 07:33 - 325 of 6039

54.000.000£ cash in bank without decommissioning...and mcap only 67.000.000 ..11000 barrels per day!!

Costax1654x2 Jan '19 - 09:41 - 335 of 6039

Money printing machine here!

Costax1654x2 Jan '19 - 07:53 - 331 of 6039

So ...is just a matter of time...end of 2019 we will be double mcap based on cash only!!

Costax1654x14 Jan '19 - 13:07 - 431 of 6039

Cash is covering the mcap by end of next week

[costax1654x] 22/4/2020 14:31

Newkotbn1 ....how many accounts you have son? Here!

[newkotb1] 22/4/2020 14:25

LMFO ...... LOL ....Brilliant, should book yourself a place at The Fringe Festival, for best one-liner ....

[bigalan3] 22/4/2020 14:17

Can CostaCoffee filter his own posts?