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Sorry first time here - what the F has happened?
The shorters are coming for this. Back down to 35 p range
The shorters are waiting for bad news then they can attack and take this much lower.
Based on S&P GMI short selling is low on this company.
Net debt: $m 4,452 4,208 3,582 3,263 2,821 2,492 (year on year)
Net profit: 84.8 -1,694 -1,221 -80.7 49.1. -110 335 318
PE: 2.
Long term it looks okay unless there's a significant spanner in the works. Anyone know what has caused the significant drop off?
Possible spanners - relinquishment of Kenya, and a tax dispute that is at arbitration.
Then again maybe it's just generally a bad day for oilers!
Might have more to do with politics and inflation data. Who knows nowadays.
Tullow down %5, Glecore down ~4%, Enq down 3%, Shell down 1.7%, BP down 2.3%
This is not TLW specific, just look at the sector and general market, early election announcement rumours (in the next few hours).
Cap
Do you belive that voting makes a difference.......
No, I do not but uncertainty does.
I do, however, believe that it would make a positive impact in your life if you stop treating your time like a baby treats a nappy.
Cap
35p is half way to your 70p prediction that you called for Easter 2022 :)
Maxine, 35p is a long,long,long way from the 200p+ you were calling when Cap was calling 70p :)
Blu,
If you know so much why are sitting on a huge loss?
I change my strategy, as you know I called sell at 39p :)
Don't be ashamed of your predictions Maxine, we all get things wrong...but calling 200p when TLW was 60p is so embarrassingly funny I feel it's worth continually sharing. Hahaha. Feel free to share some of my posts to get your point across. Meanwhile....let's laugh again
JMAX
Posted in: TLW
Posts: 2,608
Price: 60.00
No Opinion
RE: More positive news19 Jan 2022 22:47
FDM,
I'm a LTH, and I am looking for 140p plus but haven't got an exit price for the reason you suggest - as in favourable circumstances 200p plus is viable.
Those days are gone, just like your money.
Share it all you like, and share my sell at 39p too :)
Renewables were okay by and large. Good Energy (GOOD) is worth a look too fyi. In my opinion the fact its generally sector specific is comforting as I don't see any significant change in landscape which causes the product to be less desirable (oil) whilst I think the OP will go back north of $90. It's a good long term hold unless something catastrophic happens similar to what happened back in 2019/2020, like the Kenya deal lapsing. I don't think it will, or at least I am hopeful.
TLWs two JV partners walked away from the Kenya deal without any provision for their share of $2B expenses to be paid incrementally once oil production begins.
Blu,
Please can you share my post from 6.59am today.
The one that said 'tough day ahead for the longs' :)
But according to your own posts, you're a long term holder too Maxine...Hahaha. Did you enjoy the day?
I hold numerous tranches with a low average, that's how I can play with people like you :)
Of course you do...hahaha
Blu
You have bought more shares than the CEO, and you have been stuck in here for years but don't worry about inflation because your money is gone.
Perhaps the rapid fall in oil company share prices is a reaction to the thought that there may actually be a change of government soon and the markets don't like the prospect of Labour getting back into power. If so, perhaps Sir Keir Starmer has the potential to cause another 'Liz Truss' melt down before he even gets anywhere near No 10!
If so it will be interesting to see how they justify any financial turmoil and what they'll do to mitigate it, especially as they are pushing the business friendly, trustworthy, strong and stable government drum.
Nothings changed , the oil hasn't evaporated into thin air and this company is still hugely undervalued and won't remain that way forever.
I'll wait it out and look forward to tripple these prices.