The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Another day in the bloodyredbaron arena of fun and fights
Another day in the red? Lets hope not.
If so it augures well..
I still find the timing of the Tullow exit here and the Total exit from kenya too coincidental not to be related myself
For context Tullow exited the orange basin which is a stones throw from where the potential 10 billion barrel discovery was made. The Mopane field is located in the Orange basin, along Namibia's coast, where Shell and France's TotalEnergies have made several oil and gas discoveries. Very poor business move from tullow leadership.
In 2022 this was Rahuls comment when they left -No regrets’: Tullow boss explains reasons behind Orange basin exit in Namibia
London-listed independent quit a block directly north of TotalEnergies’ 3 billion barrel Venus discovery
Ironic that tullow excited those Namibia oil fields all those years ago. https://www.reuters.com/business/energy/portugals-galp-says-field-off-namibia-could-contain-10-bln-barrels-oil-2024-04-21/
Yeah- cuts good, for SP no cuts bad for SP
It will push us up:)if there is any interest cut at one point dollar will collapse,no more interest cuts
@jayroz I'd leave it for a bit. US interest rate decision is 1 May. Sentiment is reported as being against rate cut so that'll push us down.
It's as good a theory as any.
What price to buy more?34?
B ug ger, I've not nailed it, to be fair it did seem to be a stretch
I'm going to try it, I'm too excited to wait. Here we go sextuple (s e x t uple)
That one's got me J Bond '*****uple'. Do love this algo, was it 's e x t'?
Beat me too it Ando, lol
This time next year Rodney, we will be........................
i read that ai alone by end 2025 will consume as much electricity as japan!! and that ai energy consumption is expected to *****uple (!!!) by end 2030. jp morgan has just released paper stating that real reduction in oil and gas annual consumption worldwide can be achieved only in a few generations (!!!) let's take the blinders of mass media b/s off and be realistic: our little tullow will have a very good fcf for many years to come, and once debt reduced all value will go to shareholders. build up on weakness instead of hoping to get rich fast :)
@seakingalpha Not sure what triggered the speech , but the share price is dropping still. You'll note I didn't comment on long term prospects.
Makes sense Alpha, there's no doubt there's good things to come, but when is the question. It feels like we are just waiting until the cows come home, its all longed out for some reason. Why cant the board assure markets, update the SH's. It all feels smoke and mirrors esq. i really do not want to sell because i know this is a hugely undervalued company, but until the market realizes then its irrelevant for us share holders, there's only so much time you can wait on potential, especially with other opportunities elsewhere. Idk, maybe im pessimistic, its just a continuous cycle at this point. I hope im wrong and we steam all the way back up
So the amazing performance of the bonds does not impress you ? Or the Glencore facilty? Or the news that Jubillee is back over 100bpd gross…or that BAML changed to a buy tack ? Or that debt repayment is well ahead of schedule? Or that the oil price at this level would be fabulous for royalties from Uganda ? Or that we should shortly benefit from two submitted FDPs awaiting final sign off from host governments in Ghana or Kenya worth collectively multiples? on the current share price. Perhaps you can point me to some other stock on 1 times cash flow to market cap….? No , didn’t think so. Rahul may have the charisma of tax inspector but value is being created. I can understand the frustrations of those that would have preferred to pursue the valuable exploration acreage in Namibia , Guyana, etc….but the market was risk off and insisting on a resolution to the debt situation. Not being in control of our finances has already cost us $600m of mark to market hedging loses since the last bond refi ….no point getting burnt again.
My only real criticism of Rahul is that he does not want to put his reputation on the line by talking about situations beyond his control , like political decisions affecting approvals. By adopting this policy and having to write down assets like the Ten field in the intermediate period…he is short changing the returns of shareholders on anything other than a long term view. IMO of course !
Macrohard >> microsoft
might sell up and buy good energy if this continues. no news, stagnant, noone knowing whats going to happen, poor communication, highly manipulated. starting to get on my ****. what are the board doing????
Are going to rain from sky is blues.
Reality is what it is not how you wish it were shortie ;)
I think it's just going to drift down to around 28 unless any good news happens,
It's Tullow. That's what it does.
Sowwy :(
I don't talk to shorters, foolish words deaf ears. Talk to my hand.