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

By Gary Newman | Wednesday 24 July 2019

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

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...

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