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Ah, six recommendations. Please apologise, all six of you.
Not ok, Sageman.
Do you really believe the company, the major shareholders, the bondholders, the FCA etc would let some shorter outfits, quant funds destroy a going concern? (Because that is what would happen if the share would get shorted to 0 as you say and I don't belief. Shorters, bondholders, banks, brokers, sites like this need eachother and for that they need to uphold the illusion of a 'fair' market so they can fleece people like you and me. That's not compatible with shorting shares of a 'going concern' to zero, certainly not a Tullow. Or perhaps you can name an instance? You can't. Just 'populist poppy****' from your side. But I understand, mr super Sageman trader.
A black swan? Have a look at the graph. They were just waiting for the news release. At least they flagged me to come over and have a look ;-)
Tullow mainly operates in Africa. Never forget that.
If some (political) party or some 'Sam' can profit enough,some excuse will be found and hamper operations for the company which then could bring it to its knees.
I don't mind you making it look 'simplez', just don't present it like the truth
HeresHopin / Don't worry. No-one can predict future. nor you, nor I. if this will go to 20's I will buy (a bit less) again.
Ok Tomoz, firstly the shorters can literally short to zero. So your post was inaccurate. Also your post ignored the reason for the move in the sp. As far as shorters were concerned the RNS was a black swan event. It ended any speculation of the company going bust. Now there is true belief that the company will survive with a credible business strategy in place with the necessary financial support in place.
mrJimV / I was very positive in my posts before and I was 100% sure this will reach 15-20p soon, BUT from the look of that (all that Rus/Saudi/US oil war it does not look good for Oil price. It went up a bit but still ... this is marathon not sprint. We should be happy that SP went to 17p that we could get some profit and all this people who are on Avr. 40p+ when bought now in 10's again should be very happy for that 7p rise within a few days.
In the next few weeks we probably see dump to 10p again and this will be the last time for everyone to invest and have nice profit from TLW, as I am pretty sure about dump to 10p and slow rise to 20-40's later this or next month.
Next week will be hard to predict but all will be clear for everyone soon.
Not true? Care to explain?
What I said is my true opinion including an explanation where it's based up on and what you said does nothing to back up a 'not true'.
You are with the chump squad here? You als gonna yell idiot and blocked like the other loser?
That said, they will want to close as many shorts (not meant for hedging) as they can on this level.
Others will want to accumulate as many as they can on this level.
The RBL justifies both.
P.S. The shorters will need volume.
Tomoz not true. The RNS changed the game. Yes we have high debt but we are secure. The SP thus needed to rise and shorts needed to close .
The shorters just got the sp down till they could go no further. The limit is dictated by the convenants.
xarfax/ Hope you made a profit when you sold , I had to switch off looking at the bb because a lot of numpties were saying the SP wouldn`t get to 13p when it was 10p , infact a lot of folk who were giving it large were saying it was about to go bust or 2p , it seemed non of them watched the last presentation , I really don`t think some on here have a clue how shares work and times to buy , yesterdays RNS was a wake up call telling folk don`t panic TLW is in good hands and is doing ok in the current times , i kept seeing people posting 70,000 bpd even 65,000 bpd , well it happens to be 86,000bpd , and a lot of it is hedged , the SP should be closer to 30p if not more but certainly not 10p or going bust .
4 or 5 candidates for the next release in the news flow.
New CEO is one, but I'm not expecting much of that sp wise other than a blip to aid the pumpers and dumpers.
An asset sale would have more impact. But who says it'll be affirmative? Postponement because of tax or legal reasons, price, Total having other thoughts because of the curren market...
I hear you, but Tullow’s SP isn’t behaving like other oil companies’. Look at, say, BP, RDSA, JOG yesterday - all fell, while Tullow rose. I suspect something else is going on inside Tullow. Imminent announcement is my guess. New CEO?
Talking about Bloomberg, here's an article about the supply side of things.
https://www.bnnbloomberg.ca/the-most-profitable-trade-oil-all-over-the-oceans-right-now-1.1417321
(absolutly worth a read for anybody with an interest in oil, the oil market and oil companies)
Whatever they get up to on or before Monday, it'll be like with the corona virus, too little, too late for stopping the POO going down the loo.
Like we discussed here on April 2 on this board, if they can't stop it coming outof the ground they should put it back in for instance the North Sea's depleted fields.
Another thing: I'm not comfortable with the idea of the oceans being covered with floating potential environmental disasters aka bombs.
You see, the thing is that SP can drop from 150 to 20p within a day, but recover in months.
I am already out so I don't really care what you guys will be doing.
I am just telling you to get your profits if you still can and invest more when this go down again. I would be very surprised if this will go to 30's in the present market. Then you can point and tell me I was wrong. And I will be very upset of selling my shares, but I don't think this will happen. Will see.
That is why you are telling every body to sell on Monday!
I am always very optimistic (sometimes too optimistic) for buying.
This looks for me like pump and dump strategy now.
17p SP is a great price for sale this time instead of buying more.
This will drop to 7-12p again next week I am almost sure. I would suggest to get a profits like I did on 17p as this will go down.
As you can see testing levels from begining of March now and this does not look positive to breach that levels next week. Shorters know what they are doing (that's for sure) - If you are investing 100's of thousands of pounds in shares to short (even millions) you know what you're doing right ? This is not just few grand, we are talking about millions. Shorters are still there. So they know this will go down in few weeks maybe and when this will reach 7-10p again then they will sell it.
I would love to see TLW to go back to 60's but this won't happen yet. Maybe in few months but 100% not now.
I have sold my investment on 17's and waiting to buy again in 10's now.