Rockrose Energy – I got this one wrong and cost Tom £9000 – sorry!

Rockrose Energy (RRE) today announced an agreed all cash takeover at 1850p, which is a substantial premium to Fridays close of 1130p. I did not like elements of the business and called it a sell back in March and avoid at the May Share show in my chat with Tom Winnifrith. Given the share price was around 706p on the first call and 900p at the second– I think that’s called getting it very wrong. I talked Tom out of buying the shares and so have cost him £9,000 and as a result my career with Shareprophets hangs in the balance.

Rockrose Energy (#RRE) – 1850p per share recommended offer

Rockrose Energy – A week is a long time.

There are few oil company’s one can feel very positive about in the current stock market and oil price environment. Rockrose Energy (RRE) has updated the market, but following FCA guidelines has delayed full year accounts. The market liked the update, with the shares significantly up against a backdrop of lower share prices for other producing oilers. I see the update today in a negative light.  

I would be happy to buy RockRose for the long term at the current price, but wouldn't be surprised to see it go lower

I wouldn’t be rushing to buy shares in any companies at the moment, and probably even less so in anything natural resources related, unless you are prepared to take a fair amount of risk and have a very long-term time frame. The safest option is to just sit on cash and wait for not only the markets, but also the world economy, to turn around whenever we do finally see the back of this virus. You won’t get to buy in at the bottom if you wait for the trend to change, but you shouldn’t also suddenly find that the shares you bought are now another 50% lower! However...

RockRose Energy (#RRE) – “delivered on key financial and operational targets over… 2019”, “well placed to continue to make further progress”

ShareProphets readers tips for 2019 competition results... And the winner is...

Having asked for readers tips for 2019 for the amazing prize of a meal with Tom Winnifrith (or the chance to fob it off on someone you don't like), the following is the final results (to be eligible needed to have selected, on a per username basis, a buy & sell pick from the LSE or AIM casino and the stocks not to have been suspended at the commencement of 2019 – as is similar for this year’s competition HERE). For 2019, the winner is...

ShareProphets readers tips for 2019 competition – end July update

Having asked for readers tips for 2019 for the amazing prize of a meal with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is a monthly update on performance (to be eligible needed to have selected, on a per username basis, a buy & sell pick from the LSE or AIM Casino and the stocks not to have been suspended at the commencement of 2019)...

My RockRose tip is up nearly 450% but I wouldn't be rushing to cash in just yet

RockRose Energy (RRE) has been one of the real success stories amongst smaller oil and gas producing companies in recent times and has grown its business at an incredible rate via a number of acquisitions. It has come an awful long way since I first covered it as a buy here back in April 2018 at around the 350p level, and today it relisted following a deal which constituted a reverse takeover of the Marathon UK and Marathon West of Shetland assets for $140 million. Currently it is trading at around the 1,900p level with a market cap of circa £240 million, representing a profit of nearly 450% for anyone who followed my original buy recommendation...

RockRose Energy (#RRE) – offer for outstanding debt of Independent Oil & Gas (#IOG)

RockRose Energy (#RRE) – agreement to acquire Marathon Oil UK for circa $140m, shares suspended pending prospectus

RockRose Energy (#RRE) – completion of acquisition of Dyas B.V.

Rockrose continues to impress with its rapid expansion - buy

With oil prices remaining buoyant and this trend looking likely to continue going forwards, there are still plenty of opportunities to invest in companies in this sector.

RockRose Energy (#RRE) – agreement to acquire 20.43% interest in Arran field, UK Central North Sea

RockRose Energy makes yet another acquisition and shows that it means business

I’m surprised by the seeming lack of interest amongst private investors when it comes to RockRose Energy (RRE), as even amongst those who focus on oil and gas stocks, this isn’t a company which you see being mentioned on social media and the bulletin boards.

Rock Rose Energy (#RRE) - Acquisition of Idemitsu & Suspension of Trading

The original Sub-Standard Shockers XI squad one year on - how have they performed?

I introduced the idea of the Sub-Standard Shockers X1 in May last year on the basis that I felt that the Standard List was becoming a home for companies unable to get on AIM for one reason or another so I believed that, almost by definition, they were destined to fail. I had firmed up the original squad of fifteen over the summer (see HERE). I have since added others but thought it worth looking at those original squad members in a “Where are they now?” type feature.

RockRose (#RRE) raises £8m at 150p, UKLA approves RTO prospectus, shares will trade again on 6 July - hooray!

RockRose (#RRE) loses Wytch farm asset, finds others in N Sea to buy, to do private placement

Rock Rose (#RRE) has now signed deal with Maersk as part of RTO - looks interesting

Rockrose Energy – interims add to pressure for inclusion in Cynical Bear’s Sub-Standard XI

(Sub-) standard-listed Rockrose Energy (RRE) has posted half-year numbers to June 2016 which show a loss of £303,344. The company came to market on 13 Jan with a business strategy of targeting acquisitions to deliver shareholder value – in other words it is (pro tem) an investing company with much to commend its inclusion in Cynical Bear’s Sub-Standard XI. Since listing it has yet to announce a deal and having raised £4.4 million (before expenses) it finished the period with net assets of £3.9 million, and just £3.1 million of cash.