Rockrose Energy Share Discussion Threads

[costax1654x] 21/11/2018 07:42

#RRE opex on oil $30 bopd, opex on gas $20 boepd. Oil currently $62 and Nat gas $40. Production split approx 50/50 gas and oil. Av opex of $26 boe. Mean price of $51 boe. Gross profit per barrel of $25.11,000 boepd equals gross profit of $100m per ann

[costax1654x] 21/11/2018 07:42

Last day to take up the #RRE tender offer today. I understand that the offer will close at 1pm. We should have confirmation of the uptake on Friday but I expect large sellers to be removed by later today.

[gregpeck7] 20/11/2018 08:51

Worth looking at PANR as well, fully exposed to US gas price and near 52 week lows.. A lot of recovery plays in this sector, worth loading up now as gas comes out the doldrums...

[croasdalelfc] 19/11/2018 19:12

That's US gas

[croasdalelfc] 19/11/2018 19:11

They hedge oil at $67.9 about 40-50% of production iirc

[costax1654x] 15/11/2018 07:31

cash update post tender going to b very interesting with gas price continuing move up

[basem1] 13/11/2018 10:41

Do they hedge any of it or is it all extra profit ?

[cf456] 13/11/2018 09:59

Natural Gas very strong indeed over the past few months. Excellent given that the group's production is "circa 60% gas and 40% oil."

[senn1] 13/11/2018 08:04

And Arran lol so undervalued it's unreal Natural gas on the up as well.

[homebrewruss] 13/11/2018 06:57

It's presumably not including Dyas

[senn1] 13/11/2018 06:54

Pe is not correct nor is profit in this article.

[costax1654x] 11/11/2018 09:03

A real value now,with 11000+ barrels per day is 20£,with 17000 barrels will be 30£+!

[homebrewruss] 11/11/2018 08:29

You can't compare using shares in issue, they have completely different share prices.
You have to compare the market caps

[senn1] 11/11/2018 08:20

Lot more shares in issue if you do the maths that equates to over £25 Here imho.

[costax1654x] 10/11/2018 22:23

Look at PGR...a 500+ mil mcap production of 10500 barrels per day...

[costax1654x] 10/11/2018 19:28

I'm a long term here!!!!I'm expecting a pe of 10 mcap!!!!I have a feeling that acquisitions will carry on next yr!2019 17000 barrels per day...maybe 2020....more!From what I've seen they are targeting 30000 barrels!!!See where is goes...but I think that we suppose to become a half a billion company by this time next yr!My opinion...by the look Soon will be less shares

[senn1] 10/11/2018 18:55

I can’t that’s why I bought target £20 yours costax?

[costax1654x] 10/11/2018 16:13

With a PE ratio of approximately 1.3, cash in the bank and 0 debt, if anyone can think of better value oily than RockRose Energy I'd be very interested to know!

[basem1] 08/11/2018 11:54

Bet the shares hitting the bid at 590 at present are the ones our management team were hoping to cancel at 560p. Having stupidly sold at 567p I hope there's a few more to come out as I need to be back in.

[costax1654x] 07/11/2018 09:09

Anyway is the most undervalued oil company on stock market!With proper assets...don't be surprised to see 2000+ ..in few months!Still can not believe that we are only 600 pence now!I bought 12k worth of shares today

[cf456] 07/11/2018 08:09

"#RRE two week countdown starts now to be able to have liquidity to buy bulk. Post this period will be a 12/14 mill share issue zero sellers and with £1 mill a week plus coming in with a pe in 1s.... Sensible broker target £14.60"