Tag Archive for RRE

After a busy 2018, RockRose continues to look for attractive acquisition opportunities (RRE)

RockRose Energy (LSE:RRE) provided investors with a year-end trading update on Wednesday. The company spent much of 2018 focussing on its newly acquired producing assets.   Earlier this year, RockRose acquired gas and condensate producing assets in the Netherlands from Dyas BV.  Group production, including the contribution from Dyas B.V since the effective date of…

Rockrose stock price rockets as share buyback completes

The share price of Rockrose Energy (LSE:RRE) soared over 10% yesterday on results of its tender offer of around 20% of the company’s ordinary shares. The share buyback was heavily subscribed allowing early investors the chance to exit. On cancellation of these shares, the valuation of the stock will pro-rata reduce by almost 20% at a time when…