Member Info for BacchusII

MMs being playful and dropping the SP. Who is gonna get sucked in?
They want shares to sell onto institutional investors from tomorrow!
GLA

A big 250k sell....maybe Happy sold his push bike and dabbling in some more Shorts!

Shorts are still fairly high especially for a resurgent DP and entry to FTSE 250.
I’d like to see sub 4% before even thinking of taking some profit off the table. At that point these got to be 68 pence!

The re-rate is upon us and I see 50 pence in the rear view mirror!
As Tullow starts paying down the debt, entry to FTSE 250 and expected drilling results further positives.
OP holding above 50 dollars – see the correlation – Tullow remains a going concern. So, with OP at 68 dollars Tullow should be ..... your getting there ..... 68 pence my price prediction before drill results.
DON‘T SELL
IMO GLA

How’s your Short looking UnLucky?
Why would you diss Tullow rave about non existent RI and your all doomed....then state I’ve put a VERY small Short on. Why? If you think the market has got it wrong, fill your boots.
60 pence before the drill results methinks.

Anyone who is pessimistic about Tullow you know where the exit is.
The most important factor is Tullow will survive and continue to prosper through 2021 assured even if the oil price stays at 50 dollars a barrel. To me that means anything else positive from here that happens will increase the SP.
IMO still a buy especially as the drilling results hopefully will propel the company further.
GLA

Er.....by concentrating on its core assets and drilling i.e. Suriname perhaps.

Got to expect profit taking I’m disappointed to say. Plus may be folks “hedging” their holding and selling a few before Wednesday.
Will be over double the average volume today, probably 30 million.

Laugh my head off with your nonsense!

Methinks a big seller at about 54 pence keeping SP down. Perhaps Odey and Pictet having another stab at more Shorts.

Once debt has been brought to a manageable level of 1.5 billion, yes they will. I hope this time BoD don’t start dividends too quickly.

You might be nervous if you don’t believe!
Some nervous folks already sold or cut their holdings. I bet many later bought back in at a higher SP. Wonder if BathWater bough back in....um, doubt it, still waiting for 25 pence.
GLA

Lots of investors sold from 20 pence to 50 pence expecting a retrace and lost the chance to make substantial profits - FACT

SiPi
Tullow was (probably still is) open to offers from early 2020. BoD have not stated any change as far as I’ve seen. Total was the obvious buyer but they gave the idea a wide berth. Doubt they want the debt and that is still our negative. Debt at 1.5 billion and a different ball game. Up to one year I reckon before buyers circle.

...are there still so many folks selling.
Under 30 pence we had the likes of BathWater, then a bit of breather at 43-46 pence and still sellers convinced themselves a retrace to the magic 36 pence was going to happen without looking at the changing tide. Any oil price over 55 dollars is good news. Okay Tullow have hedged some for this year already but still going to pay off more of the debt quicker. Which, IMO will then open Tullow up to a takeover. If big oilers aren’t already starting to look around for bargain I’d be surprised.
GLA

However, oil price is not the only way the share price will increase. If Tullow strike oil in Suriname that is not oil price dependent. Therefore, hedging is more complex than just the oil price.

I hope the Shorts do not close so they have to pay even more!

Hear goes, “I told you not to sell”
60 pence next week after meeting and.75 pence after drill results (or back to 50 pence)!
HOLD TIGHT

Finish 48.25 pence

....oh, that will be 46 Pence, I’m ever so sorry sir & madam!
Any other doubters please leave the station.