Member Info for antonvb

What....no equity raise.

Who is this imposter and what have you done with Happy???

Alert ... alert ..... Equity raise post incoming

LOL

I know nothing, however I'm convinced oil is not weak and the US are manipulating the data to drive the price down. Every time before/when they announce that they're going replenish some of the oil from the SPR sold off last year we see a flood of very bearish news on oil demand and the price drops below $80. It then very soon goes back up over $80. You can only artificially keep the price down temporarily before the reality kicks in. They released over 220 million barrels of oil last year and not only does that now need to be replaced, this will happen while we have 220 million less barrels of oil being released into the market.

https://www.reuters.com/markets/commodities/us-buys-12-million-barrels-oil-strategic-petroleum-reserve-2023-11-14/

https://www.energy.gov/ceser/spr-quick-facts

It can't be coincidence...twice recently we had a rise of 5% and the next day the rise was reversed and a short reduction was reported. Yesterday a 10% rise with only a 5% reversal today and another short reduction of 0.11% reported. Can't recall the other percentage short reductions, however it certainly looks like a small short reduction of 0.11% resulted in at least a 5% increase in the share price on the day. Going to be very very very interesting if Pictet needs to close their 1.99% short in a hurry.

Interesting times ahead me thinks. GLALTH

Got to sell on a blue day and buy on a red day .... not the other way round. I very nearly sold yesterday just before close, as this was a bit predictable. However, equally it could of gone up today and I'd have looked a bit stupid again, so didn't want to risk it. If we do get to 60p plus in the next few months, then dipping in and out for small gains is risky and easier said than done. On the flip side, if we're still 30p by the end of next year then you'd be kicking yourself for not trading.

What do you do? What do you do?

What are we not.....

Twwwwweeeeeeeentaaaay peeeeeee

Https://www.thetimes.co.uk/article/6592d8ba-83ec-11ee-ab78-b8f8e234f1ae?shareToken=68bae705f4158e4d857c1945ae51c18b

Nice to see positive press .... and there's a lot of it out there since the update.

You're like a stuck record ......

Share price up 10% on "Full year net oil production is expected to be marginally below guidance of 58-60 kbopd" and Jubilee production up 50% from the low in May ...... nope, he ain't done nuttin'.

like i always say ...sentiment is everything and i think it is finally turning. getting very hard to be negative about tullow now and people are running out of reasons to **** it off.

whatever happens tomorrow, i'm definitely enjoying today. may even go to costco and invest in a bottle of bubbly for tonight.

Might not be far off 40p by close if this keeps up ...... be interesting to see if it drops back tomorrow? If it is the shorts closing, what are the institutions going to do with the returned shares. When they start holding them and not dumping them it will get really interesting.

Do I hear 90p in the room? Anyone for 90p???

PNuman .... you keep creating account after account and you keep telling yourself that. The rest of us will just bask in the heat and the glow of the flames as we continue to rise.

i don't know.... recently every time prior to the announcement of a small reduction in one of the big shorts we've had a 5% rise just before it was reported. it happened twice, if the 5% rise and the short reduction are in fact tied is unknown. however, i think what we know now is that it is no longer worth being short and is now very risky, as to quote rahul .... "debt is no longer an issue". so the only think you could hope for being short is sub $50 oil, however we have hedges and given the **** show that the world is at the moment, probably unlikely. so what will happen when both of the big shorts start buying back, pi's start coming back in and dare i say it .... institutions start increasing positions. been quite some time since anyone holding above the reporting threshold has reported a buy or sell.

i wouldn't be surprised if we're knocking on or above 40p by friday ..... not impossible now.

"Don't think he would just pay another 5% till 2025 for the hell of it. I wouldn't be surprised if we get another RNS soon or something with the update on Wednesday."

I was right for once....damn it's taken me over 1000 posts to get one right.....lol

PNuman....that's because when everyone else has given up and closed their shorts you'll still have yours open. While we're 90p by 3pm, you'll still be chanting bust by 9am. Enjoy.....

Sorry your short isn't working out this week POWER...

LTH my a***....

Seems you forget Rahul is a long term holder too .... over 20 million shares by 2025. I reckon he dreams of 90p by 3pm just like the rest of us.

"Glen will just use tlw as a cash cow" ..... yip .... Tullow is just rolling in cash 🙄

Quick Google search seems to suggest that it would be 5% for the facility and 10% on top of that for drawn amounts. Certainly so if it was from a bank. Glencor did get a sweetner with the oil marketing, so be interesting to know if it is only on drawn amounts. Rahul must be up to something if it is 5% on the facility. Don't think he would just pay another 5% till 2025 for the hell of it. I wouldn't be surprised if we get another RNS soon or something with the update on Wednesday.......hmmmmmm