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Two decent buys

400 000 and 300 000 went through

Yes in theory nothing to stop this going

sub 15p just another £100 million or so

off the enterprise value.

I guess in theory the share price could go

much lower, because market cap sits on top

of the debt to get the enterprise value, so

to reduce the enterprise value by another

£100 million not unthinkable

I did sell at 25.7p average, I bought back in

for same £amount at 24.5p, I did get some

extra shares

I will sell again at 23.5p if it continues falling,

in that case I will see if it goes sub 20p before

buying back again.

Not sure where the bottom is, the small AT's

trades can keep pushing this down, with UT

setting a new low for the next day.

Its a mystery why credit approval will follow

a site visit, when there is nothing at the site

to see, except green fields.

I started selling my shares, so I wont post

anymore unlike JMAX

JMAX, Tullow reiterated in the latest webcast,

that they expect to be successful and nothing is

owed, pretty much word for word.

November is the catalyst here, if they are

successful with the tax arbitration and they

comfirm the free cash flow, then this will

be 30p + all day.

At yesterday's close oil was $76.75 we are

currently $77.40, there maybe a chance the

26.40p will be the bottom close, for me i

have to exit a between 25-25.5p if it

continues falling.

Oil has started to rise after the close, so

perhaps 26.4p will be the bottom close

of 2024

Lowest UT for 2024, 26.40p I guess there is

further downside to come, how low? is the

question.

Sums up this share nicely

Totally dumb comment JMAX when the price

was sub 10p tullow had debt of $3 billion the

£ was 1.2 to dollar so the effective purchase

price would of been around £ 1.75 p a share.

The share price was irrelevant except to

shareholders.

It would be cheaper to buy tullow now.

Perhaps it will go sub 20p who knows, I will

hit my stop loss by then

Enterprise Value is how the market values

the company so its harldly worthless.

In theory as debt falls a proportion of that

reduction should be added to the M/C

Interesting day ahead oil down again, so

will Tullow follow?

In a low oil price environment ( not there yet)

a lot of the hope goes, my stoploss is approaching

I am hoping it does not fall below 26p.

Enterprise Value is ;

Net debt + market cap.

when it was sub 10p

Enterprise value

Net debt $2.8 billion + market cap

when at last years low of 24p

Enterprise value

Net debt $ 1.9 +billion + market cap

Today Enterprise value

Net debt approx $1.6 billion + market cap

So I believe the current Enterprise value is

at a record low.

Apart from when it was formed, Tullow's EV is now

at an all time low, lower than when it was sub 10p,

lower when it hit 24p last year.

Makes you think, is it good value now? or is

there another message there.

For me, oil has to stay above $75,which is

not certain.

Https://www.zerohedge.com/markets/oil-tumbles-reuters-report-opec-will-hike-output-october

Not sure how much the share price will track

the oil price down but I guess the share will

go lower hopefully no lower than 25p.

Well JMAX, if you are truely shorting then your

posts make sense, otherwise they are just

tiresome with no balance.

Roald sitting on the board, must be mad to

investing his millions here, sooner the

appoint J MAX to the board to sort the mess

out the better.