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Started: antonvb, 14 Jun 2024 16:31
Last post: JMAX, Today 16:13
Why would anyone rely on the Kenya project, it's been going on for over a decade and TLW couldn't even sell it on the cheap.
Hi antonnvb, I personally think Kenya will be the make or break of this for a lot of people hanging for news on the 30 June. For me, if it's negative I'm jumping ship with a big loss. Lost all faith in this company.
Anton, it was taken up to 40p for no good reason - as I pointed out at the time. No it's approaching a more realistic price.
I took the opportunity too, Anton.
Time will tell if that was a wise move. I can't understand why TLW took such a beating yesterday. Surely Labour's manifesto will have zero effect and oil is back over $82. It just seems like it's a bit overdone.
Good Luck.
Been dropping for no particular reason as far as I can see and 2 weeks until the Kenya deadline of the 30th of June. Just bought a little top up ......
Started: Gingy, 14 Jun 2024 08:52
Last post: 4urelius, 14 Jun 2024 16:04
Ginge you’re a lunatic. Since when did ever losing your whole investment make good rational for the stress of short term fluctuations. You may aswell go and play Blackjack fella. Least then the fate is quick.
This won't go bust, it was restructured to look after the big players, hence the dismal SP.
Gingy hi, what price do you need to get out without a loss ?
Gingy, I only sell if:
1) I'm happy with the profit; I suspect few here probably are.
2) Want to use the money tied up for something else; everyone's situation is unique.
3) There's a short-term liquidity or solvency risk to the company; which is not the case now.
I'm beginning to wish this would go bust to put me out of my misery. I'm m constantly watching this go up and down. When do you say a enough is enough and take the loss on the chin ?
Started: PGee, 14 Jun 2024 11:29
Last post: PGee, 14 Jun 2024 11:29
…we are down almost 15% in a month! However Simply Wall Street has this to say about our beloved Tullow.
‘Trading at 76.9% below our estimate of its fair value.
Earnings are forecast to grow 50.09% per year.
Trading at good value compared to peers and industry.’
Started: PGee, 14 Jun 2024 07:58
Last post: PGee, 14 Jun 2024 07:58
The volume of sales at close yesterday was about 5M, today it’s given as over18M, fun and games!
Started: bluemoon71, 13 Jun 2024 16:12
Last post: NewInn, 13 Jun 2024 19:08
Forgive my ignorance but is this the news we have all been hoping for?
Has to be good news, great find bluemoon
The royalties are insignificant, just like the gad deal that the experts were so excited about.
Seems you can get things done in Africa...eventually. Royalties one step closer
GLA LTH
https://oilprice.com/Latest-Energy-News/World-News/Standard-Bank-to-Move-Forward-With-Funding-5-Billion-African-Oil-Pipeline.html
Started: Stupmy, 13 Jun 2024 16:00
Last post: Flavius, 13 Jun 2024 17:06
in days like this you honestly wonder if there is any sense in investing in the rigged gambling den which the lse has turned into. tlw has no interest in the ns, and nonetheless it was destroyed with the justification of the labour manifesto with the usually low volumes and in the usual "death by one thousand cuts" style: with additional small selling positions being continuously added in order to achieve the maximum possible damage to the sp.
due to the low volumes and zero appeal to foreign investors, lse has become a hunting territory for ridiculously cheap takeovers (see what is happening with john wood). they don't miss a chance to depress the sp of companies which tomorrow would possibly be taken over for peanuts "because... the offer is 50% more than the sp!" this is the game they're playing with tlw and this is the only reason why, in spite of this clownish ****eshow, we had better stay here and wait for the moment where tlw is taken over by a bigger fish.
What's the reason for todays fall. I would sort of get the labour manifesto hitting NS oil companies like ENQ/HBR but what's hitting TLW? 28.5 or lower is looking quite likely now.
Started: 4urelius, 13 Jun 2024 17:05
Last post: 4urelius, 13 Jun 2024 17:05
I’m Sideline Steve at the moment, trying to time this as well as I can. Been reluctant to get in, but after today if tomorrow is steady I’m getting some action. Too cheap too ignore. These swings are a cycle
Started: 4urelius, 13 Jun 2024 13:49
Last post: JMAX, 13 Jun 2024 15:14
Hey, who called the pump and dump :)
JMAX
Posted in: TLW
Posts: 3,021
Price: 39.14
No Opinion
RE: Don't be fooled by the resident self appointed guru1 Jun 2024 16:05
What is the explanation for this week's rise?
The longs are being played.
Filtered along time ago. Never seen anyone as onerous or boring on a bb as him. so tiresome........
JMAX is full of more shat than a …
Yeah you guessed it.
Started: Starboard, 12 Jun 2024 08:15
Last post: JMAX, 13 Jun 2024 13:21
Anton claims to have filtered me, but they reply to my posts. Thanks for the laughs :)
I have Jizz on filter…
You’ll feel better for doing the same imo
Why do the lower classes have to use such vile terminology, it hardly enhances their case. Never mind, Sir Keir as PM will sort them out :)
I rest my case. keep posting self congratulating jizz.
My posting record is very accurate and it's why I'm make good profits here :)
Started: antonvb, 13 Jun 2024 11:10
Last post: antonvb, 13 Jun 2024 11:10
Https://x.com/KTtkar/status/1801180345422733389
"#MTP4RollOut project aims at developing a world- class oil and gas laboratory to serve Kenya and the region in analyzing oil, gas, and rock samples to establish the presence of hydrocarbons @Planning_Ke @FlorenceMugendi."
https://www.planning.go.ke/wp-content/uploads/2024/03/MTP-IV-2023-2027.pdf
Economic Pillar
The theme of the Economic Pillar is to “move the economy up the value chain”. The objective of the pillar is to improve the prosperity of all regions of the country by maintaining a sustained GDP growth rate of at least 10 per cent from 2012 to the year 2030. The key sectors of the Economic Pillar are: Tourism; Agriculture and Livestock; Wholesale and Retail; Business Process Outsourcing (BPO); Manufacturing; Financial Services; Oil, Gas and Mineral Resources; and the Blue Economy.
The oil, gas and mineral resources sector focuses on sustainable development of the extractive industry. Total earnings from mineral production increased from KSh.12.3 billion in 2008 to KSh. 35.2 billion in 2022. The number of exploration blocks increased from 46 in 2012 to 63 in 2017, out of which 29 were licensed and are operated by 15 international oil exploration companies. Fish and fish products export value increased from KSh. 2.98 billion in 2018 against a target of KSh. 2.0 billion to KSh. 5.6 billion against a target of KSh. 2.3 billion in 2022.
(ii) Infrastructure Sector
The Government prioritizes: exploration and commercialization of oil and gas;
Recommendations
(iii) Continuous, on-going programmes and projects, and key priorities not executed during MTP III period to be carried over to MTP IV chapter on programmes/projects. These include: construction of Lokichar-Lamu crude oil pipeline; development of LPG infrastructure; and exploration and commercialization of oil and gas resources.
6.3.2.4 Expand Revenue Base
(xiii) Exploration and commercialization of oil and gas resources: The project entails licensing of blocks to technically and financially robust companies to accelerate the exploration and implementation of the approved South Lokichar Field Development Plan. This will be undertaken through: acquisition of geological and geophysical data; exploratory and appraisal drilling in Kenya’s sedimentary basins; land acquisition for upstream facilities and water pipeline; water for oil production, central processing facility and flowlines, production wells and access to power for upstream facilities. Enhanced appraisal in the Anza Basin blocks where gas discoveries have been made will be carried out, and depending on the resource potential, follow-up monetization will be undertaken through a modular gas-to-wire power generation unit and export of natural gas.
(xiv) Lokichar–Lamu crude oil pipeline: The project aims to construct 824km 20-inch pipeline with a marine terminal and load-out facility to transport crude oil from South Lokichar oil fields to Lamu Port for e
Started: antonvb, 6 Jun 2024 16:48
Last post: JMAX, 10 Jun 2024 12:34
Really ?
We've still closed the week above 35p, not bad considering the market volatility 👍
What this really means is the JV partners have exited, but the Kenyan government want some or all of the JVs stake.
There were no take over offers when this was sub 10p. They tried to sell Kenya but there were no takers.
Started: Selllowbuyhigh, 7 Jun 2024 08:28
Last post: LeedsWedge, 7 Jun 2024 08:43
The snakes are now on a plane!
Well, another day of snakes, too many of these as for every ladder day the snakes seem to be much bigger 🤬
Started: antonvb, 5 Jun 2024 09:44
Last post: JMAX, 5 Jun 2024 13:04
Anton,
You claimed that you had blocked me.
You fibber :)
The Kenyan government is spending the £600k and not Tullow.
Just add the 600k to the circa $2B already spent.
Https://x.com/AmbokoJH/status/1798252174277071327
"It's very busy on the Public Finance front.
While we are on Day 7 of Finance Bill 2024 stakeholder submissions, the National Assembly Budget & Appropriations Committee has made public its report on Supplementary Budget II 2023/24.
Here's what I think you need to know."
https://x.com/AmbokoJH/status/1798252212637819347
"The Committee also notes that the financing of two projects has been introduced mid-stream the 2023/24 budget cycle:
· The Kes 2.0 billion Kenya Green Resilient Expansion Energy Project
· Consultative services for the South Lokichar Oil Field Development Plan at Kes 100.0 million
The Committee flags fresh donor commitments as below:
· Kes 2.0 billion for the Konza Data & Smart City Facility
· Kes 732.0 million for the installation & commissioning of the Eldoret-Napal Fibre Optic
· Kes 700.0 million for horizontal infrastructure development under the State Department for ICT & Comms
· Kes 400.0 million for the Digital Economy Acceleration Project"
Started: antonvb, 5 Jun 2024 09:12
Last post: POWER, 5 Jun 2024 10:20
No more Kenya pls. ZZZZzzzzz
Strange ... we dropped 10% in a few days, yet the short brigade have been unusually quite. Normally even a 2 to 3% drop has them salivating all over this BB. Do even they now know that 35p is cheap, so don't have much to say?
25 days till the Kenya FDP deadline ..... let's hope the wait will soon finally be over!
Started: Flavius, 3 Jun 2024 16:12
Last post: 4urelius, 4 Jun 2024 22:56
Probs doing the same tbf, just want to see if the storm has passed, if it goes green tomorrow even small it could be back on the climb
Tullow has shed ten per cent in 2 days. It's a slippery slope with oil below 80 dollars.
Can’t imagine it going below 34. I’m so tempted to load up
You'll also lose out long term when the cycle breaks , we're under valued and have a number of company changes events that could land any moment now.
I'm waiting for these and a trippling of the share price knowing whatever market games are played I won't miss out and can hopeffsit back and see a nice steady dividend return once the debts paid down.
Agreed Flavius. Everyone knows Tullow pings around in a 10p range, calling sell at 40p and calling buy in low 30s doesn't make one an investing oracle...
But a common mistake retail make, is selling winners too early and holding onto losers for too long. If you're long-term and are prepared to hold a stock to cycle lows when it's 30-50% down, then why sell for only 20% profit later? You'd probably never make any money as the losers would more than offset the winners.
Started: antonvb, 4 Jun 2024 10:08
Last post: antonvb, 4 Jun 2024 10:08
Started: antonvb, 2 Jun 2024 20:40
Last post: Tambo210, 4 Jun 2024 08:29
BigRisky : "Still confident to get 300k profit on my 0.5 mln shares, can wait few more year"
With £1.5m holding in this, I can't understand why you want to waste your time on this board.
JMAX
Posted in: TLW
Posts: 2,995
Price: 35.96
No Opinion
RE: Despite the bargain price..24 May 2024 15:12
For traders this isn't a buy or sell range.
This is why the MMs took the SP up to a 52 week high without good reason - to create interest. But some on here just can't see what's going on.
-4.39% big decline today. Any reason for this?
The more people laugh the better.
Who has the most accurate posting record on this board :)
JMAX, everybody is laughing at you on this forum.
Do yourself a favour and f... k of from this forum, loser.
Started: racksonracks, 3 Jun 2024 19:20
Last post: racksonracks, 3 Jun 2024 19:20
Flaring today
JMAX is it this September you start high school?
Posted by Gogadget
gogadget
Posted in: TLW
Posts: 316
Price: 36.54
No Opinion
RE: Kenya29 Apr 2024 10:37
I don’t see how they can claim their expenses back from Kenyan government if they sell the asset. Tax purposes yes. Be easier to relinquish than negotiate a sale for a $1. More negativity from JMAX. Anyway you haven’t said if you will take me up on the gamble
The reason TLW can claim back circa $2B in expenses - is because it is stated in the contract. These expenses will be claimed back incrementally if oil production begins.
You haven't got a clue :)
Started: Scoobydriver, 1 Jun 2024 12:47
Last post: JMAX, 2 Jun 2024 15:48
Gadget,
Who has a more accurate posting record than me ? Where is your outrage for the longs who have been wrong for four years :)
JMAX talking sh#t again.
My posting record is the best on here :)
In Case you haven't realised, some of your major holders have written this off and that is why they will lend to shorters on generous terms.
"You don't know the explanation", wow. Sounds like you don't have a Scooby jmax.
You best tune in to KBC, check if there's any supporting news lol.
What is the explanation for this week's rise?
The longs are being played.
Started: gogadget, 2 Jun 2024 14:35
Last post: JMAX, 2 Jun 2024 15:45
Cutting due to the lack of demand.
My posting history is spot on, easy cash.
Remember, it is your major holders who are lending to shorters.
Mr. Easy Cash,
Hang in there! You will find you spot, under the bridge. Lol.
Jmax your an ass absolute ass hole
If it wasn't for the longs this wouldn't be so easy to trade....thanks :)
Started: JagCoin4357, 31 May 2024 09:24
Last post: Scoobydriver, 1 Jun 2024 09:58
I'll call you being wrong yet again in your pure guesswork regarding tlw share price. Back to the drawing board it is for next week then, heads or tails. About as accurate in your predictions as the weather man/woman.
But why was this pumped without (public) reason to the 40p level....
A whopping tumble of -2.43% since the big selloff at 40p. Will call 37.50 by the close of business.
Starboard,
Six months ago you were calling for the 40s when the SP was in the high 30s, what happened next.....the SP dropped into the 20s . It's in your posting history :)
90p by 3pm. Think I’d fall off my chair if that happened. You called the same on 12/04, fingers crossed you’re right this time round…
Started: Gingy, 31 May 2024 15:25
Last post: TeaRex91, 31 May 2024 17:51
My posting record is spot on:)
Where is Starbored .....
Gingy, assume you're talking about Monopolyman and JMAX (I have them filtered) because that's what they usually post :))
what an absolute pile of ****e!
Started: bluemoon71, 31 May 2024 16:56
Last post: bluemoon71, 31 May 2024 16:56
A very satisfactory end to the week.
GLA LTH