Member Info for bluemoon71

Unless you think Tullow is going bust,I don't, this is a waiting game( for news,removal of some uncertainties, oil price recovery). Shorters can destroy the SP on low volume,but with over 110 million shares on loan, they can't get out at these low prices unless a major holder decides to sell - no indication this has or will happen. As Selllow says, hold or move on. I'm holding

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Good Q&A thread covering Jubilee field over on Advfn from KOS update. All looking good for 110,000 bopd by end 2023,ramping up from end 2Q

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https://uk.advfn.com/stock-market/london/tullow-oil-TLW/share-chat

Tullow,Harbour,Enquest,Gulf Keystone,Petrofac...the list is long of oil/energy related companies down over 50% over last 12 months. This is not Tullow specific, but neither is it 'normal' or pleasant. All above will recover when sector sentiment reverses. Oil price and company specific positive news will help.

Nil desperandum.

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Persian,that number is those holding above 0.5%. There are many more hokding below that limit. Despite repeated claims by some on here that shorts in Tullow are 'insignificant ', they are not. They are currently 8.5%.

DYOR but don't be fooled by these who wish you ill.

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Gogadget, I get it from myeuroclear.com. You can visit as a guest

https://my.euroclear.com/apps/en/monthly-stock-loan-data.html#month=eq:3&year=eq:2022&limit=25&search=1&order=asc:abbreviation

Tullow,in the news vacuum we are in, is a plaything for shorts and has been for 12 months.

Stock on loan at the end of April was 8.5%, which is roughly where it has been since May 2022, when it jumped from just under 4% to 9%. The only think the BoD can do is deliver the concrete news to take away the uncertainty. Meantime with over 120 million shares on loan and average daily volumes of a few million, they can basically take it where they want

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Battle between US government/big banks vs OPEC+ being played out on global oil markets. Place your bets

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A 'tonne' Is that some newfangled shorter's measure?

Only 1 left, with holding above 0.5%. DE Shaw dropped from 0.59% to 0.48% on 20th. Obviously directionally it is good news , but total shorts,including those below a 0.5% holding, is not insignificant. Someone on ADVFN at weekend reported total stock on loan as 8.5%

View on Bloomberg is that OPEC+ move is less to do with supply/demand and more to do with giving oil shorters a 'bloody nose' for ignoring the positive demand signals. 3 cheers for OPEC+

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Flying, you could make a million, like intern Patel, if you short from here down to your 7p prediction. Do keep us updated

Tlw currently 8% down on the day but still 3% up on the week. As is usually the case, the main gainers are those who sit on their hands

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My optimism stems from a belief in Rahul's 5 Yr turnaround plan and the fact they are ahead of where they envisaged they would be at this point in the plan. That doesn't mean I haven't had/don't have negative thoughts/fears, the company almost went under before the last refinancing ffs, the conditions set by the bond holders have limited benefitting from recent high oil prices and shorters have had a field day on the news vacuum and low volumes. But, from a risk of drowning we are now in a stable position and, unless oil stays below $70 and none of potential catalysts(gas deal,Kenya, Jubilee at 100k bpd) come to fruition, we will look very different end 2024. I'm in and will be staying so, others will take a different view

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BigN, your stated wish to get in at 20p says all anyone needs to know about your baseless statements on wasting money and Rahul being responsible for the SP. Good luck getting in at 20p.

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A positive session and a recognition of SP disconnect by Rahul. I remain positive for next 6-12 months. An oil price fall to 60$ will affect the SP recovery timeline but I don't think it threatens the company existentially.

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The hedging floor is around $55 a barrel. The ceiling is 78$ which is irrelevant when price is below it.

Just because the SP is lower doesn't mean the company is 'vulnerable'. Of course a 3rd party could make a low ball offer, but the BOD are under no pressure to accept. Debt repayment is being comfortably met.

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Unhappy, your selective use of info is very tiresome and childish. FCF outlook for 2024/25 is $700-800m at $80 ppb.

The comms from Tlw has been crystal clear. People's comprehension seems to be lacking. We are 3 years into a 5 year turnaround plan and are ahead of schedule. The plan was always to preload capex into high return projects vs debt repayment opportunities. If you don't have the patience then fine, but stop spouting rubbish about the debt and comms

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Kraken, stick to ramping and losing money on Enquest. How long have you been waiting there to make money, 10 years is it? Lol