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Anton,
We averaged 86usd for Jan, oil price has been consistently higher since and we have the pre-emption production. So an avg price of more than 90usd is likely.
Anton, claims of selling out are just scare tactics by shorters, they know true value and are panicking.
Odey & others are long on long and shorts are just hedge bets, the average broker ratings is now 75 and rising, that's the only story here.
spot on
I really don't understand the mentality of some people. You hold for a year and watch the share price go from 45p to 60p and back again 5 or 6 times. Then you decide it's a good idea to get out at 45p a week before the half year update based on an oil price averaging around $120, full well knowing that Tullow has probably been averaging $80 to $90 despite the hedging.
F me....I just don't get it!!!!!!!!
A shame to see the great whale Bumbum go. Did you make any money?
I’m now completely out, been selling since 52p and last shares sold yesterday. I like Tullow and think it’s future is solid, I’m not just not prepared to wait and the SP to be held back and pushed down further. There’s other better opportunities to make money which is what we are all here for.
GLA to you that hold over the summer…
Antonvb, last 3 weeks we are down 20%.
I really admire your optimism, but we really need some positive update to lift the sp up.
The current sp is equivalent to c.a. 40p in comparison to 12 months ago taking into consideration the inflation.
Come on Rahul, wake up and pull the rabbit from your hut.
PS: Or if you take the shares I bought on Friday afternoon last week it's gone up 5%. Just depends how you look at things I guess.
Steamboatwilly if you take Friday and today it has only fallen 2.35%.....hardly significant. Obviously the drop from 60p to here is. Rahul is not here for short term gain....he announced a 10 year plan less than 2 years ago. As far as I can tell we're way ahead on the plan already. He's not planning on cashing in tomorrow or next month like most PI's who want it to rocket and will then get out. He wants to build a major player in African oil and gas. With his share options he has 10million shares by 2025. Might not be what you want to hear but think we're going to have to be more patient.
I imagine the first step would be to find a strategic partner and second step would be ratification by the Kenyan government. Same order as the merger. Also, my understanding is they had to resubmit their development plan by the 31st of December last year and dont think the Kenyan government has approved it yet. Would they announce the partner before agreement from the government.... I dont know. I haven't researched it but going on what I recall from RNS's and presentations. I guess this is probably why everyone is complaining about the communication. Would be better if Tullow could clearly explain in detail the steps and their order. Might be a question for IR.
When Rahul, and we here of this parish are long gone in some distant decade from now our successors will still be trading thoughts on when Tullicorn will announce something real in Kenya.
Hi Ant, it's fallen more than 7% and can understand why many are critical of Rahul; I, for one, am not a fan, but hope he will finally announce news to improve the share price since his arrival. But again all IMHO.
If TLW are not in control of the Kenya project - then who is, are the Kenyan government not waiting for TLW ?
Funny....when we go down 7% everyone is criticing Rahul.....when we go up 5% there's silence. People need to realise these daily swings are out of his control. As is the timeline with Kenya.
"the trend for tlw has been well down for over 12 months now and this when oil went from 60 something dollars to even at 111 dollars now but was over 130$ a few months ago"
SLT, hopefully the trend is about to change for the better.
the trend for tlw has been well down for over 12 months now and this when oil went from 60 something dollars to even at 111 dollars now but was over 130$ a few months ago
Well Bum, actually sp is up today so you got that wrong. The next bit in your post is wrong too. This is not an oil price tracker . However, in 2020 when oil traded negatively and was under $20 the sp hit 7p. As oil has gone up and hopes of debt repayment etc have risen so has the sp. However, not in a straight line. Sentiment plays a large part. I started buying at 7 (by luck) and have a BE of circa 25p. I am very happy because for me the trend is up. The sp and oil price are correlated but don’t track each other.
Was about to give a whole story on why it's wrong to sell know, but decided against it as everyone knows my views already. I will say that it's hard to keep the faith at times like this, the share price really hasn't delivered over the past year. We all know that. So people have to do what feels right for them. I would however add that if you are planning on getting out try not to sell at the bottom when everything seems like pure despair. We have been to low 40's several times over the past 12 months and always bounced back higher.
BumBum, I think you are wrong again.
My advice for you is to keep your shares and don't panic.
You lost fortune in last 3 weeks like many of us.
Just recently you bought 67000 shares for 55p - 8k lost on that lot alone.
Sageman… really? Let me ask you one question:
Today Brent $112 Tullow 43.52
Exactly one year ago Brent $75 Tullow 54.36
So please explain to me rationally why the SP tracks the price of oil? If that was the case Tullow would be trading in the 70’s.
Wake up and stop spouting rose tinted glasses nonsense.
The SP will drop today and this week… but anyone holding this over the summer needs their head tested. Recession, interest rate hikes, spiralling inflation, summer vacations, thin trading and liquidity. Basically lower highs and lower lows being tested across the markets.
We all have an opinion and I’ve waited patiently over the last 12 months and this share has only disappointed, continuously, I have zero faith in Tullow for the rest of 2022.
GLA
How exactly are we shareholders being lied too? Rahul has done everything he promised and arguably more. It's really not his fault we dropped 7% on Friday. In fact it's probably more your fault than his given your negative posting. And please don't suggest he buys shares as that's just ridiculous given there's an update in less than 2 weeks and potential Kenya announcement imminent. Even if he was able to the share price would probably rise by 5 to 10% and they'd be straight back to their games dragging it down.
You don't come across as stupid, however it's extremely stupid to make such a negative post while announcing you're planning on selling. Not sure it's because I topped up on Friday, however I think we'll have blue day on Monday. We've been here several times before when it's been dragged down into the low 40's for no real reason.
Bumbum “ the oil price has nothing to do with Tullow sp”.
I think that is the most ridiculous post I have ever read here. Lol ??
BR was it you who said a few weeks ago we would never see the 40’s again?!? Oil price has nothing to do with Tullow SP! This could easily drift to 39p over the summer months, there’s more chance of that than seeing 60p again in the same period.
BumBum, there is no chance for oil to go below $80 per barrel.
No chance for Tullow to go below 40p.
Keep dreaming, like or not we are making money and reducing our debts.
Hold strong and do not let others to steal your money.
I wouldn't leave just yet bumbum, this is going to 47/48 before results. I have just gone long looking for the 10%. Up to you