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The only people that need to worry are these French investors (bozos) from Capital INV.
antonvbToday
Agreed. There is nothing that I can see in the background to be negative about. Patience is the key here. 18 months or so ago tullow nearly went under and look where we are today. The sp will go up over the next year so we should all relax a little
The fact is it doesn't take much to lose the confidence of investors but McDade and co managed to do that through mis-representation and being economical with the truth until it all came out. The amount of money lost by investors as a result was massive. Rahul is doing a fantastic job turning the company around and trying to regain that trust but unfortunately it will take time. I think a 12 month view could see the sp 80p-100p.
Personally, I think £1 sooner than we think. But you never know with Tullow. Very volatile since I bought in. Could go up as quick as it went down.
Agreed, I still believe in £1+ in 18-24 months… The only question is, is there other less stressful shares to invest in over this time frame that have the potential for a 100% return?
Capital increased short by 0.11% on Friday. Am surprised they kept pilling money shorting Tlw. I have a gut feeling that sp will go up in a months time. With a positive results I see no way the shares will be anything below 40. The company is in profit and debt reduced. Unless some drastic bad news or oil price plummeted than Tlw will be in dire straits.
Brokers have been giving a positive coverage of Tlw unlike months ago hardly any coverage. Volatility will still be present but keep our nerves and will be rewarded handsomely. IMO
Guys just sit tight, there is going to be some volatility along the way. But believe in the long term this is going up.
JMAX .... what I post doesn't change the fact that you're constantly negative about the share or the fact that we should be well over 50p with the current situation. Even with all the games being played we're still up nearly 10% from the close the Friday before the results.
This share is like a roller-coaster and is definitely testing most of LTH patience.
If you don't need your money, keep these shares and you will double your investment within next 12 months.
Anton,
your track record for predicting the TLW SP is not great, just look at your posting prior to the June update to the present.
I made money last week, so I'm quite happy with my calls.
If the market is forward looking then please explain the 50% drop in SP over the summer? You say last weeks rise was unjustified then was the 50% drop from 65p - 40p warranted on the predicted positive results last week?
JMAX... sorry but you're talking nonsense. If we're forward looking than we wouldn't have dropped from 65p to 40p in the 2 months up to the HY results. Every rise is justified at the moment as we're way under valued in the low 40's with the current oil price and the companies prospects.
The whole market is a bit shi**y at the moment. Sentiment will soon change heading into winter with a sky high oil price and plenty of upside for financially stable oiliers like Tullow. LTH perseverance will bear reward.
This is just part of a wider conversation happening today. When will the Fed start tapering? Also the fear mongerers want volatility. Thats how they make their money. It might just turn out to be those in O&G stocks might be in the safest place at present...
BB,
The market is forward looking and most of the good news was expected. The fact that Kenya was being reworked, strongly indicated that the new valuation was going to be higher than the previous one. And we had the unjustified rise in the days before the update. Some on this board predicted this.
I’m totally baffled with Tullow, great news last week, positive Kenya update, broker upgrades, additional production output and guidance, debt reduced, increased FCF and profitably. Fishy 33m UT Friday after hours and down 3.5% this morning. I’m a LTH and will remain so, but this is seriously testing my patience, I can imagine others are feeling the same… GLA