The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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This message is identical to the motley fool release a few hours ago by (Rupert HARGREAVES) i think.
I support the merit of this quote and I'm invested to see where it goes!!
About Motley Fool their previous issues earlier in the week told investors to stay away.
Obviously Motley Fool just play red and black.
Why I’m buying the Tullow Oil share price after its 50% fall last week
Rupert Hargreaves | Saturday, 14th December, 2019
Last week, shares in Tullow Oil (LSE: TLW) plunged after the company cut its production outlook.
Shares in the oil producer slumped by as much as 75% on Monday, following its announcement that production will be almost a third lower than management had been expecting.
At the beginning of this year, management declared that production would hit 100,000 barrels of oil equivalent a day in 2020. It is now expected to be just 70,000 bbl/d.
An unmitigated disaster
Following this warning, it is now clear that 2019 has been an unmitigated disaster for Tullow.
At the end of 2018, the group was riding high as oil prices stabilised and its exploration activity yielded better than expected results. At a capital markets day in 2018, Tullow told investors that its fields in Ghana could potentially produce as much as 200,000 b/d of oil, and it even reinstated its dividend towards the end of the year.
However, in 2019, the group has faced one gut punch after another. It has been unable to squeeze oil out of its Ugandan discoveries, voiced doubts about the commercial viability of the crude it found off the coast of Guyana in South America, and warned on production from its flagship Ghanaian assets.
All of these setbacks have knocked investor confidence. Tullow was once highly respected for its success at the wellhead, but this reputation now lies in tatters.
The recent guidance cut, coupled with the failure to sell a $900m stake in a Ugandan project, has made it clear that the firm is no longer the oil market darling that it once was.
Value investment?
The good news is, as long as there are no further setbacks, Tullow thinks it can produce free cash flow of $150m next year. What’s more, the company does not face any debt maturities until 2021, which gives it plenty of time to fix the operational issues before borrowing becomes a problem.
And that’s why I think now could be an excellent time to buy shares in Tullow. To me, it looks as if the recent sell-off has been overdone. The company is still producing cash and is not at risk of bankruptcy any time soon.
From a valuation perspective, using management’s adjusted free cash flow figures for 2020, the stock is currently trading at a price-to-free-cash-flow ratio of 5.8 and a free cash flow yield of 17%.
These metrics look attractive compared to sector peers. Take oil major BP, for example. This oil giant is currently dealing at a free cash flow ratio of 16 and a free cash flow yield of 4.9%.
That being said, BP does not have the balance sheet issues and reputational problems that have enveloped Tullow over the past 24 months.
Still, I think this comparison illustrates clearly how cheap the stock is after the recent decline. So, if you have a strong stomach, it could be worth buying the Tullow share price today, although I should caution that this is only suitable for the most
Sorry the last post the link did not work....
67.80p +7.14p (11.77%)
4 days of uptrend on the chart, and over 10% UP every day
5 days chart
https://uk.advfn.com/p.php?pid=chartscreenshot&u=%2BpL%2FD5l0kSAQ54QMu1r%2FvuLcK6BpLlfdKJ8JC50qgzU%3D
67.80p +7.14p (11.77%)
4 days of uptrend on the chart, and over 10% UP every day
5 days chart
60.66p +8p (15.19%) - intraday high of 62.10p
3 days of rising share price after the large drop and more should come if following the trend
3 days chart https://uk.advfn.com/p.php?pid=chartscreenshot&u=Xzu%2FLtn7qbU1%2F9iBs%2Fg243bggGA5%2BH9OK9w%2BJ6QI5SA%3D
60 is about to go GLA
and another one
https://uk.advfn.com/p.php?pid=chartscreenshot&u=bDEWbQ4givSnQogiIvNFoi2yxcZ7gXDFggyan5j3Lqs=
note: now reaching 60p
GOLDMAN's are usually not far from the Mark !
GLA, time for those who lost to regain with added investment
Breaking out
https://uk.advfn.com/p.php?pid=chartscreenshot&u=bkdAi5Do6k0e2sJBDxjjYRy1TVjLUaDRl1qcSdpxkUU=
Mrd I hope so
Need 150+ to break even :(
Dbno Goldman’s says 87
i worry when MasterRSI posts and says retracement done. lets see.
Intraday retracement
The tipical 38.2% retracement was done, now looking for better prices again
high 60.40p
low 53.00
23.6% retrace @ 58.65
38.2% retracement @ 57.57p
50.0% retrace @ 56.70p
intraday chart
http://uk.advfn.com/p.php?pid=staticchart&s=L%5ETLW&width=600&height=280&p=0&t=1&cb=
59.61 +8.51 +16.66%
Is going places this morning, reaching 60p with some profit taking since after attempting more than once breakthrough 60p again
Chart with Indicators
https://uk.advfn.com/p.php?pid=chartscreenshot&u=gBrKJBnbTEsFyaz2yz49KmdtfYQsN14S8W4Bs9PQjhE%3D
Did not show last night
No idea where it will go but from 39p to 53p bounce maybe done
TLW 52.66p +7.02p (15.38%)
The chart is very bullish as the bounce back is on, and all the Indicators still at oversold position
Chart with Indicators