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From memory, SB posted he took profit at c15p, 25p and 33/34p. Think he still holds a good chunk and may have top sliced since?. Nothing wrong with taking profit to suit personal circumstances even if holding would have meant bigger profit. Me, I have a tax bill and some new windows. Love TLW and the $7Bn operating cashflow plan..
Lots of investors sold from 20 pence to 50 pence expecting a retrace and lost the chance to make substantial profits - FACT
I don't think the 21 Bond has been repaid as still can get quotes to buy and no annoucements on Jersey stock exchange...that said no great issue as it will get repaid as trading at 99...TLW will provide an update on Wed 10 on debt refi workstream so holders should not get too despondent if no RNS tomorrow as the refi is/should be going all in the right direction...sit back and hold if you can!
Tullow will be £1 very soon = FACT
Tullow will be £2 by 2022 = FACT
Tullow will hit £5 by ? = ?????
Print this and review in 12 months time. Then the above will be fact. Good lucky everyone. Maybe, on this occasion Tullow will surprise us tomorrow.
We have a man at helm with proven track record = FACT
Demand for oil is coming back strong = FACT
Bond prices have been climbing = FACT
Vaccine roll out is well under way = FACT
Tullow has a lot of oil in the ground = FACT
Polar bears don't.
FACT bears **** in the woods.
I guess the liquidity forecast gap in 2022 could be filled by a farmdown from kenya and concludes the $1Bn portfolio management action taken 2019/20. Legal form of the refi still to be agreed but bond prices have risen because the plan is being delivered based on the substance of Rahuls plan plus evidence of execution. Oil $10 more than the long run oil price in the impairment and, anyway, the liquidity gap is caclulated on the base case/ lower oi price. Its all tilting to the upside hence the SP is rising.
Dont think we get the real value until the refi is complete end of Q2 or Kenya end of H2. Rahul options crystallise 2025 so I expect he wants maximum value then although could he get it earlier on a bid?
High risk still but definitely worht persevering for higher SP imo
Looks like PANG hasn't been reading the news.
Lem,
IMO we are in better shape now than when we were last at 140p. Also, how much of the rising oil price is inflation related - so much money being 'printed'.
US equity futures up 2%, rising tide next week will propel tullow higher too
Brent Crude hit $70 on Friday, so.......
All seems pie in the sky today,
if Suriname a hit then ????,
if 330 million paid off then ???????,
if oil goes to $70 then ?????
Any facts out there today
Why not 124p?
Hi Jmax, yes justification for suriname is that there's fair value without it all the way to 123p. So wet or dry it's just a cherry. IMHO and GLA and cake and all that ;-)
Usually when we get this amount of excitement and expectation on the BB, we always see a damp squid of a day for TLW I just hope tomorrow morning is different and the price does carry on up like we all would like. GLA
Hi, please can you show the justification for Surinam success taking the sp to 100p
Getting excited for the next few weeks and months ahead...Suriname success will take us past £1plus