I am reading through http://docs.python.org/2/library/re.html. According to this the "r" in pythons re.compile(r' pattern flags') refers the raw string notation :
The solution is to use Python’s raw string notation for regular expression patterns; backslashes are not handled in any special way in a string literal prefixed with 'r'. So r"\n" is a two-character string containing '\' and 'n', while "\n" is a one-character string containing a newline. Usually patterns will be expressed in Python code using this raw string notation.
Would it be fair to say then that:
re.compile(r pattern) means that "pattern" is a regex while, re.compile(pattern) means that "pattern" is an exact match?