Oil Man Jim Company Oil & Gas Podcast & Blog, 12th July 2020
July 12, 2020
The week started well with a recommended cash offer for RockRose Energy (RRE) of 1,850p per share, which takes virtually all investors out at a substantial profit.
I first bought a couple of tranches of RRE around 130p and received a 150p per share “return of capital” a few months later. RockRose is a rare company that actually generates cash.
Perhaps to follow in its footsteps is Longboat Energy (LBE), which announced founders incentive plan awards under which "participants are eligible to receive 15% of the growth in returns of the company from the date of admission should a hurdle of doubling of the total shareholder return be met.” LBE was highlighted in the private blog three months ago in the 50s and it’s already double that.