Member Info for antonvb

@Elllltelinv ... well done ... you called it .... hopefully we never see the 20's again....

that's what the sound of shorters panicking sounds like......
not much time left to do their monkey business before tomorrows announcement .... I bet there's some frantic zoom calls going on ...
:-)

It says I believe the Tullow share price will rise significantly ....

It is understandable that those of us who take a positive view by buying and holding would want to talk this share up, however it is strange that those who sell out suddenly have an epiphany and feel the need to try and save everyone who is invested in this share by warning us that sky is falling in on our heads....

No one can predict the future, however one of us will be right in the end..... hopefully it's me :-)

deluded..... just like the fools on here that panic sold after the January 27th update and are now desperately trying to talk this down ....

The point is my patience is going to deliver me a very very healthy profit.... :-)

Could be wrong but all the news coming out the company doesn't give me the indication that it is in distress or that the RBL is not going well.... the markets always seem to know in advance and if there was blood in the water the shorters would be circling .... instead we have seen a mere 0.03% increase in shorts since the RBL delay announcement.... to me that tells me which way this is going to go...

This might be the reason...

Sell 15:46:02 28.9835 1,561,106 452.46k O

@Joek1
Thanks for clarifying .... I understand now :-)

@Joek1
I see what you're getting at but I think you would have to open the short and close it to realise the profit to buy the bonds,. therefore, wouldn't be able to do these transactions both on the same day without capital, as the bond and share prices follow a similar trajectory. Also I think in your figures you're not taking into account the initial purchase .... e.g the short taken out at 17p and closed at 29p realises a 12p per share loss (5,790,388 x 0.12 = £694,846.56)
AIMHO of course...

To clarify....it's their total declared short position on the day

Yes all their declared positions.

At some point they're going to have to cut their losses and close ..... surely?

Värde Partners Europe Limited TULLOW OIL PLC GB0001500809 2.85 16/06/2020
Värde Partners Europe Limited TULLOW OIL PLC GB0001500809 2.70 05/05/2020
Värde Partners Europe Limited TULLOW OIL PLC GB0001500809 2.64 09/04/2020
Värde Partners Europe Limited TULLOW OIL PLC GB0001500809 2.50 08/04/2020
Värde Partners Europe Limited TULLOW OIL PLC GB0001500809 2.02 07/04/2020
Värde Partners Europe Limited TULLOW OIL PLC GB0001500809 1.88 06/04/2020
Värde Partners Europe Limited TULLOW OIL PLC GB0001500809 1.59 20/03/2020
Värde Partners Europe Limited TULLOW OIL PLC GB0001500809 1.28 18/03/2020
Värde Partners Europe Limited TULLOW OIL PLC GB0001500809 1.59 17/03/2020
Värde Partners Europe Limited TULLOW OIL PLC GB0001500809 1.79 16/03/2020
Värde Partners Europe Limited TULLOW OIL PLC GB0001500809 2.50 11/03/2020

No short increase or decrease reported again today......

....that shorts haven't increased since the trading update or are the shorters just nervous due to the GameStop effect?

Sadly can't afford to top up, but have set my limit order to sell at 200p .....

Possibly showing my ignorance, but was wondering....

The last RBL redetermination was announced as shown in the extract below. If the we had no vaccines and a much worse oil price (circa $40), why do we think that there will be an issue with the RBL redetermination this time round?

RBL redetermination confirms debt capacity of $1.8 billion and headroom of c.$500 million; Capital Markets Day to be held on 25 November 2020

7 October 2020 - Tullow Oil plc (Tullow) is pleased to announce that it has completed the bi-annual redetermination of its RBL credit facility with $1.8 billion of debt capacity approved by the lending syndicate. As a result, the Group retains c.$500 million liquidity headroom of undrawn facilities and free cash at the start of the fourth quarter of the year, which the Board deems appropriate given Tullow's capital commitments.

At Tullow's request, the next redetermination will commence following Tullow's Capital Markets Day, which is scheduled for 25 November 2020, and is expected to be completed in January 2021.

Pictet reduced their short position by 0.54% while the price was over 30p

:-)

Does anyone know when Tullow receive the $74 million for the Uganda FID? Could it be that they delayed the RBL as they will be getting this in February?

I'm holding ... think this is way overdone and being massively manipulated .... this has happened before recently when it dropped to 14p and was back to over 30p in no time at all. Not good for my blood pressure though :-(

Something has been going on .....

Showing as a Buy .... 16:43:09 27.90788 -3,331,455 -929.74k O
Showing as a Buy .... 16:43:09 27.90788 3,331,455 929.74k O
Showing as a Sell .... 16:36:24 27.41 1,567,292 429.59k O
Showing as a Sell ....16:36:24 27.412 -1,567,292 -429.63k O
Showing as a Sell ....16:37:30 27.573 156,885 43.26k O
Showing as a Sell ....16:36:24 27.412 1,567,292 429.63k O
Showing as a Sell ....16:35:13 27.44 1,390,579 381.57k UT

Someone topped up big time....

13:28:54 27.20 1,638,944 445.79k O