Member Info for antonvb

"Tullow is dropping as a stone" is a bit dramtic and oil is still over $120 a barrel .... as I said there's a 5% swing at least once a day, often 2 to 3 times a day. Look at today with a high of 57.20 and a low of 54.75. Tomorrow we'll be back up again and then down again, etc. Why would any institution or independent traders buy and hold when you can make 5% a day. Honestly, we're the suckers in all this, however this will go up again soon as there's too many positives to come. If you don't believe that then as I said, sell and move on. No point in moaning about the price or Rahul as there's not a lot he can do about it and like it or not, slow and steady is his way.

You do know this isn't the CINE chat, right?

:-)

Lol

Barhut ... as an example Shell is still worth less per share than it was before March 2020, despite raking in billions due to the high oil price. Hmmmmm

Seriously JMAX ..... when someone sells a share someone ...... a share

Yes, you guessed it .... BUYS

BigRisky you really need to stop torturing yourself and sell..... surely you must realise by now that our share price doesn't have a whole lot to do with the price of oil. The simple fact is that share prices don't always reflect the true value of a company. It's all about what the big money chooses to invest in or what is currently the trend. It's plainly obvious that because of low volumes and lack of interest by any major players to hold this long term the price can be manipulated with 5 to 10% swings. This is happening daily and sometimes a few times a day. So if you can do that why do you want to hold for 5 years. Hell if I had the tools and the know how I'd be doing it myself. So you either have faith in Kenya and how the company is doing and take a gamble on Guyana or simply move on. If we get a good RNS on Kenya this month suddenly your comments about Rahul will look a bit stupid. If not, then and only I'd suggest you start calling for his head. For me I've been patient for 2 years and it's paid off massively, so what's another month or two or even waiting till 2023 going to hurt when there are so many potential possibilities on the immediate horizon that may push this a lot higher. It's a risk, but not a big one.

I'm hoping it will be both Kenya and the half year update in July. Keith Hill stated in the Africa Oil Q1 update that we should know about Kenya either way by the end of June and I think there is a general lack of understanding out there regarding Tullows hedges, with more exposure to the upside than a lot of people think.

Plus in a few months a million barrels of oil a day will disappear from the market overnight when the strategic reserve releases end.

I really don't get why people who want this stock to go higher keep posting negative comments .... how to you actually think that is going to help the situation. If you're a holder be positive and if you can't be positive then sell and move on.

How UK oil and gas is taxed
It is important to note that the UK oil and gas fiscal regime relates to profits earned by companies from the production of oil and gas on the UK Continental Shelf, and, it is distinctly separate from the commercial profits from operations and businesses in other jurisdictions.

https://www.proactiveinvestors.co.uk/companies/news/983370/north-sea-windfall-tax-presents-oil-majors-with-open-goal-as-incentives-nearly-double-983370.html

Bit dramatic....Tullow not even impacted. But yes this government is useless.

No.... because we don't make any profits from oil and gas in the UK so not impacted.

I bought my first Tullow shares at 9. something p. Can't recall the exact figure and can't be a**ed to check my spreadsheet. Sadly it wasn't a huge amount I spent but added again a few times at 30p. Funnily enough every single time I added the price dropped back to 20p, once even to 14p. Then I really put the whammy on it and bought some at 56p :-(

I'm very tempted to sell 1 share to see what happens :-)

How UK oil and gas is taxed
It is important to note that the UK oil and gas fiscal regime relates to profits earned by companies from the production of oil and gas on the UK Continental Shelf, and, it is distinctly separate from the commercial profits from operations and businesses in other jurisdictions.

https://www.proactiveinvestors.co.uk/companies/news/983370/north-sea-windfall-tax-presents-oil-majors-with-open-goal-as-incentives-nearly-double-983370.html

When it went from 9p to 30p
When it went from 30p to 60p

Is sentiment about to change and Tullow is coming back into favour?

https://www.stockopedia.com/articles/here-is-what-expert-analysts-think-about-tullow-oil-269017/

Tullow Oil's StockRank™
With a StockRank of 94, Tullow Oil is more attractive than 94% of the 7,687 stocks we cover in Europe, according to our proprietary ranking system.

PS....as you may have figured I don't use charts and all that BS.....just my positive energy ;-)

I'd like to see a positive RNS for once regarding Kenya, Guyana or meaningful increases in bopd in Ghana. On that news I like to see us break 70p before the market opens and head upwards from there over time. Not sure if it'll ever happen but I live in hope.

You're probably right, but if we don't get a good deal on Kenya by end of June and a cracking half year update you're definitely wrong. Remains to be seem what happens, but is frustrating in the interim and could definitely be better communicated even if it's a slow and steady course. All that said I'm not selling, as I still have faith this is going to fly at some point.

BigRisky ... had a lot of time for him last year but this year communication has been sh**e. Today's RNS was mostly waffle about last year with no detail or anything particularly special or positive about the future. Think I preferred the guy who gave the 2021 results presentation, as he at least showed some enthusiasm and comes across better. That said, if Rahul can get Kenya over the line than all is forgiven.

Are we plebs not able to listen in to the AGM??? There's a guest option, but says you have to be invited.