Member Info for bluemoon71

Lots of fickle "investors" here. SP was 30p less than month ago. We're moving with POO and with it $60+ we're fine. Bonds remain strong. As lth I'm cool with where we are. Fun maybe for day traders but not many get the timing right.

Varde down 0.52% last week. Slowly, slowly....

Shorted at 53p. Sp currently 55p AFTER a 10% fall in POO. Look forward to that detailed analysis Happy !

We are seeing the positive impact of Rahul's strategy to focus on Ghana. The only issues in town are POO, performance of Ghana and refinancing. Unless we see bad news on one of these fronts this SP is undervalued and North is the direction of travel.

What's clear is that from Friday when we enter the FTSE250, shorters will have to swim against more of a buying tide than they've had to for the last 6-12 months. Let battle commence:-)

Last Analyst comment. Rahul, you've done a great job putting out the fires.

He's winning them over :-)

Question. Can you rule out equity raise

Rahul. We dont need more equity :-)

God loves a trier Happy

EM88, you saw it finishing at 40 today a few hours ago!

Pictet upped their short position .08% again yesterday. I'm confused by current shorters ups and downs

Whichever share you move onto, I'm sure the message board will be waiting with eager anticipation of your 1 post per year!

Hindsight is a wonderful thing. These deals are months in the making. Given how close we've sailed to the edge wrt the RBL, it is better to have done the deal and enjoy the other benefits of $60+ oil, than not to have done it and find ourselves still in $50 oil region and worrying about refinancing. For now, in Rahul I trust.

Akker, when people turn up after 1 post shouting D4E, it gives me confidence all will be well. Thank you for the reassurance.

Rahul indicated in the call that the capex saved as result of these sales could be used to accelerate/carry out high return projects earlier in Ghana. The fcf benefits of this would not have been in the CMD base case. If you're looking at impact of the sale long term, it's only right you look at both upsides and downsides of the equation !

This news means the RBL discussion is nailed on and we can then move onto renegotiating debt in Q2. Huge sigh as lth. Doesn't mean SP will rocket but it should put risk of dilution to bed and we can now move forward

With real interest rates negative, gilts close to zero and this looking to continue for the foreseeable , investors are starting to look at junk bonds to get the yield. Tullow is relatively lower risk for 6-8% yield, especially with positive POO outlook and loans against reserves. I'd be surprised if bond holders want cash back short term in this environment.

Bought back

Tony, correct on both counts

Since late rally and auction 2 days ago, the SP has effectively held in tight range around current level despite POO increase and other oilies moving in line. Theories anyone?

Must be quite a battle going on between TLW buyers and sellers for this to be held flat whilst BP is up over 6%