Member Info for antonvb

From now on you shall be known as OrangeWonder ..... because you're perfect and never get anything wrong.

And who knows .... maybe those traders at Morgan Stanley bought some of the shares off me that I bought for 9.7p in 2020.

Some people on here are too easily triggered. I wasn't asking for sympathy and was merely expressing what I'd done using irony as I always seem to sell at the wrong time. I'm not beating myself up about it either, as no one can predict the future, so when you buy or sell you never know if it's a good or bad decision. Plus I still sold at a profit. You'll also notice that I didn't automatically start deramping after I sold.

As to why I sold....well I'm human. I've held for 3 years and seen this go to 66p and all the way back down to 21p. Everyone has a limit and I hit mine yesterday.

I stopped the drop for you yesterday.....I sold my Tullow shares at 32p :-(

In the morning when I first heard the news of the coup I thought I should sell and didn't. In the afternoon I panicked and sold. Exactly at the low of the day. I just didn't want to risk holding and this going below 30p again. What do I do now ..... well that's the difficult question and I'm not sure of the answer.

Scrodingerscat I'm not saying they're not producing and pretty sure the oil will still be flowing. However, this is going to affect them is so many ways, they would not of expected this and the situation will be evolving. They would not have been able to communicate with employees there, so won't know exactly what is going on. Reality is this may blow over in a day or two or develop into something more serious. You have to be realistic and look at what happened in Niger ..... it's not pretty and if it happens to Gabon could impact Tullows operations.

https://en.wikipedia.org/wiki/2023_Nigerien_coup_d%27%C3%A9tat

We'll have to see how it plays out but hopefully will blow over quickly.

you have to realise that they probably don't even know what's going on their either, so are frantically trying to work out how it affects them and what to do. remember that borders are closed, there was no internet there for some time and it's probably a **** show, so going to take a bit of time to figure it out.

Https://en.m.wikipedia.org/wiki/2023_Nigerien_coup_d%27%C3%A9tat

Https://twitter.com/Sprinter99800/status/1696806058595955045?t=Kt_8UqqW_nTV4gobjoGmiA&s=19

https://twitter.com/REVMAXXING/status/1696794378071605353?t=etR8YO9fj1mO9aeJ4elh0Q&s=19

https://twitter.com/Nwaadaz/status/1696807661663056176?t=H7H0tGTh12FphAvY4tZRJw&s=19

https://twitter.com/Sprinter99800/status/1696799644200710279?t=JSWSxvLbmb4pDB68ec06GQ&s=19

Open in incognito mode if you don't have twitter.

It's a tricky one alright....this morning when I heard the news I thought to myself I should sell. Now I wish I'd of sold, however I think I'm just going to hold. Who knows if it's the right or wrong decision.....Time will tell.

The only positive for me is that the coup seems to be welcomed by the people. From what I've read they were cheering the soldiers in the streets. If that is the case and as long as it doesn't turn into civil war it should blow over.

The above is just my rationale and just based on my thoughts, experience and hope. It is not based on anything other than that so you will all need to decide what is best for you. Let's hope this blows over quickly.....GLA

Seakingalpha ... yes I agree. There's definitely going to be disruption, it creates uncertainty and we all know what the markets think about that. I'm surprised we're not down more, as when I saw the news I expected a big drop today. Not so long ago a sniff of negativity would cause a 10% drop. So I think the fact the drop is small tells us a lot about the current state of the company. We'll have to see what happens with the political situation there to see if the share price is going to take a beating. I guess it won't be long before we see the usual suspects posting their negative narrative and doom mongering on here. In fact I'm also surprised they haven't started already .... normally it just takes a drop of bloody and they're circling.

I think the difference between Tullow and Eramet is that Tullow's operations are offshore, so unlikely rig workers will have trouble getting to work or get caught up in any conflict. Also, you can't simply stop an oil well, unlike a mine.

The lengths those shorters go to in order to drive the share price down .... a new low for them ...... arranging a military coup of all things.

On a serious not though ... not good news. Seems like we just can't catch a break. Every time things start going well there's another spanner in the works. It is the issue with operating in Africa .... there's a lot of political uncertainty and these kind of things happen all the time. Rahul gets a lot of stick, however people forget that this is what he's constantly up against. Done a pretty good job under the circumstances I'd say.

Another storm we just have to ride out I guess.

Actually it took a year to drop from 60p to 21p ..... a long, long painful year. Not sure I want to hold for another 2 to 3 years, so if/when it gets to £1 I might have to say adios, leaving some profit for the new owners of my TLW shares.

And one more step closer.....

https://twitter.com/SinopecNews/status/1696398941816803675?s=20

I honestly think there as been an ongoing campaign by unknown parties who are spreading false negative information about Tullow and that this has been ongoing for some time now. Take this recent Tweet as an example...

https://twitter.com/AmericanBanking/status/1695309983687000512?t=QkF9xJAIl-wk61ybROvgCw&s=19

It is repeating the nonsense that Stifel Nicolaus came out with this week and then at the same time refers to an old Barclays upgrade from 20 June.

Stifel Nicolaus have attended some of the Tullow webinars in the past, so would be very interesting to know if they are short or long Tullow. Hmmmmmm.......

https://finance.yahoo.com/news/edited-transcript-tlw-l-earnings-080000702.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACu4YKKKeScDzNoOGThqP2f2QgqQJbpDqAukeIhIp9EnLcCoczXZ0eS_XGXzVqKkKAj5cVxiTRAQfIFDaDA0G63cTXc1sLm6o5oxjq2sq6QQYAgRbvqvtRuLT7k79C_eIAwziAtgPHPDvrqV1rI3Ee7pJYxZh0q9Cmjnx1Vc2f0l

I see my post was deleted ..... seems sarcasm isn't allowed on here. The irony is my post was about as much nonsense as the Stifel "analysts" report. Shorts are hemorrhaging money as this has risen 69% since the year low. Obviously they didn't all take their shorts out at the bottom, however this share is going in the wrong direction for them. There's nothing they can do about it except come up with dodgy articles that are factless and baseless. Desperate stuff.

Many things may or may not happen however an equity raise just isn't going to happen ..... not at this share price anyway.

Just a little bit of short and distort..... they're getting desperate

https://www.proactiveinvestors.co.uk/companies/news/1024395/tullow-oil-should-issue-equity-ahead-of-2024-debt-financing-1024395.html

I don't think we've made it into the FTSE 250 just yet as it is only an indication. The actual valuation is taken at the end the month, so while likely it is not guaranteed.

Release of Indicative Files (Free Float and Share updates): 18 August 2023

Index Rebalance Market Capitalisation data cut-off: 29 August 2023

Release of Final Files (Free Float and Shares updates) - incorporates any revisions to indicative file: 1 September 2023

https://research.ftserussell.com/products/downloads/FTSE_FAQ_Document_UK_2023.pdf

Https://twitter.com/africaoilweek/status/1686050807538397184?t=NAty6mt8AmShqvUwekd2yQ&s=19

Our man from Tullow and the MD from the Ghana Petroleum Commission both speaking in the Gas Forum..... is it a sign we'll have a gas deal by then?

There's a long Kenyan parliamentary recess from Friday 25th August to Monday 18th September 2023, so we're either going to get news by Friday or have to wait till the second half of September. As you say, the higher it goes before news officially breaks the better...... good news or bad.

I still can't get my head around why Pictet hasn't reduced though. They've seen this go to 9p and up to 66p, then all the way back down to 21p and still haven't cut their losses, taken profit or reduced. In fact they started increasing their short from 1.28% around 31st May and have increased it all the way to 2.08% around 19th of June at a share price ranging from 25 to 27p. Are they just desperate or do they just not care as it's their clients money, or perhaps they just hold for the next global market shock when oil tanks .... whenever that may be. I get that I did the same thing by holding from 66p down to 21p, but I'm just a clueless PI who is basically gambling on a nice payday if the stars align ..... aren't they supposed to be experts and protect their capital???

Sorry that was the link to a reply...this is the link I meant to post

https://twitter.com/SinopecNews/status/1693609562706764036?t=wJRSrKw0AydHawgg7pKkaA&s=19