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paolo , yes the ceo takes his position in July , i would like to think the BOD have picked the right person .
I did read elsewhere last week about the new CEO not yet being in place, and that is a short term-ve, until he's in place and showing good form. He seems to have operational exploration experience in Africa and past M&A advice/financing experience. I know about past production downgrades at Ghana and bad press late last year about debt level too; I presume that's priced in. Time will tell. It's only a small % of my stock. If Brent does stay higher and this doesn't lift from last week, that'd be quite surprising, unless a bad RNS came out. You can always have a bad RNS any time. Or, indeed, a good one. The level of shorting (8%) on this stock is quite high, but has been so for a while.
paolo a lot of people have moaned about TLW with the large debt , but hopefully with the money in the bank from Uganda and the sale of Kenya that should remove a massive part of the debt , producing 80,000 bpd at the moment which should grow this year with a couple of make overs they are doing , CEO about to start in a one months time , oil certainly had it`s rock bottom dip imo and moving up to $40 barrel , this has got to be a no brainer , they must soon after the sale of assets they maybe able to think of a share buyback or a divi even start next year or get another large asset.
To HeresHopin : in the month of May I calculated this morning that made a return on my entire holding (in terms of capital employed across the month, weighted average as I added cash part way thro' the month) of 25%, excluding the dead money I hold forever in hope in "Eden Research" (one day it will come so good !!!) ; 18% on entire capital holding including Eden (Eden has hardly moved in spite of 2 fair RNS's this month - it's just not a very fashionable share). So not so bad, actually; I wouldn't say I'm backing losers. I wasn't holding HUR the day it tanked on the interference issue, thank goodness. I'm very wary of holding small commodities stocks for long, because of the risk of a bad RNS first thing that seems to bedevil them, especially one-mine, or one-well, outfits; but Tullow seems safer than the minnows to hold for at least a while, as my punt on rising oil prices. Chosen because low in its range on Friday, otherwise it might have been BP I went for, or even Jog (but Jog currently at a generous price, and not such a good buy; perhaps the oil authority might say yes soon to its shared pipeline proposal, but it already more or less said it would say that anyway, so that shouldn't be a big deal for Jog). If I sense TLW is near the top of the range, whatever that turns out to be, I'll be out. But I do hope for a long uplift as oil prices recover, so will try to resist any urge to sell, even when I see dip-consolidation.
Paolo, a wise switch. There will be plenty of mileage in this share once we finally get lift off again.
As HMMs said yesterday, none of us can accurately predict the bottom but I don’t think we’re far away at present. Brent looking good, we just need Trump to get his head together now!
How utterly bizarre......a sensible post.
A lot of people here are stirring up uncertainty and talking down this share. Which is fine - I don't mind; commentators are often (but not always) biased one way or another aren't we/they, and I own the stock as of yesterday, so I'm biased too. TLW may have a good day Monday, as Brent now almost $38; it went up after 16:30 BST stock market close yesterday, because I think of Trump’s speech about China which had measures against China in response to new security legislation that were FAR less threatening to the U.S. economy than investors had feared : and he stuck rigidly to the script his advisers had written.
I had just bought TLW late Friday afternoon as it was clearly at a low, and I had become awfully bored with waterlogged, interference-prone HUR, which I sold to switch horses with that bit of cash, because TLW was convincingly under-valued, whereas I couldn't have gotten more, if no oil price movement, than 6.8p or so from HUR no matter how long I waited, and with HUR I now find I'm always concerned of yet another rubbish RNS with some new problem. HUR will go up too, mind, if the Brent rise is sustained, but I think TLW is a much better punt right now, and safer also than gaffe-prone PANR. Time will tell.
The presence of so many negative posts for TLW actually gives me encouragement; shorters in largeish firms like TLW (it’s not small) who are panicking about a share rise, pay people to post -ve’s like that. It’s a good sign. There are a lot of shorters on this stock : https://shorttracker.co.uk/company/GB0001500809/ - now they'll be really annoyed/fearful, and there will be more -ve posts (along genuine -ve posts from people who have no stake either way, and may post +ve or -ve posts. Not everyone has a position, or a motive, and not everyone's a ramper or deramper - you can be interested in a stock, without having any financial interest in it at that time).
Can someone explain please, why tullow sp has fallen over the last month while oil prices have risen smartly during the same period. The disconnect is baffling and likely has an underlying reason(s).
Thanks.
Now at $37.64, going I. The right direction now. We’ll have planes back in service for holidays soon. Won’t be long before $40. If all goes well it’ll be $50 by end of July as long as we don’t have a second wave.