The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Shorts have had there fun, now its time for the market to go long!
If ever there was a day for a delayed market reaction, today is the day!
Oil booming, soon to break $45!
Futures up and global equities improving!
CWD in a few weeks!
$500m has strengthened the balance sheet!
$1Billion in liquidity!
Tullow Oil is simply too cheap at these levels, what's not to like!
GLA & dyor
Brent flying again, this was being held down all day. Expect a rise over the coming days.
Value will put in the end, they cant hold it down forever, at some point anyone short will have to close.
I feel a squeeze coming :-)
I think most were down due to the amount of traffic, H&L was down for around 4hrs during the peak of most rises yesterday. Some people lost thousands unable to trade.
Expecting a good day here, vaccine news all over the place. Lots of trading platforms were down yesterday and people unable to trade.
Onwards and upwards to
Absolutely a good thing to delay, let the SP rise naturally with commodities and equities improving.
If it was released yesterday it would’ve been lost in the vaccine news.
People need to chill!
Time to close!! Vaccine successful
Brent flying, WTI flying up 7%!!!
Boom times
Pfizer/BioNTech: Experimental Vaccine Found To Be Over 90% Effective In Preventing Covid-19
Success by the look of it
Whats happening, massive jump in ftse and oil?
Brent up 3.5% FTSE up 1.30% 500M about to land and TLW up a measly 1.4% Time to make a move!
Just taken over trump in Pennsylvania,
Flying now!
Close those shorts :-)
Added here, appears people are closing their shorts
Wowsers, 26Mil MCAP! Crazy cheap
I added more yesterday to bring my average down, I am confident once the news starts to flow the SP will move from this awful range.
I did reply with a lengthy post but its not showing, but the highlights from the Half Year results show that the company is trying to build into a solid business. Production increasing, with exploration opportunities to be company changing.
GL
Given the current SP and the highlights taken from the Half Year results, imo the MCAP looks substantially undervalued.
We have producing assets, with potentially company changing exploration activities.
Well testing operations have been hampered by COVID and local border restrictions. Once borders open and contractors are able to get back into the country then expect decent news flow.
The 3D seismic for Tapi Aike alone cost above £8m, SP nearing all time lows.
Anyone entering at this price should do well, many P.Is have much higher averages.
My highest buy was in the high teens!
H1 2020 Highlights
· Successful integration of the Santa Cruz Sur assets acquired in November 2019
· Revenue increased to US$5.6 million (H1 2019: US$2.7 million)
· Total net aggregate H1 2020 production of 390,844 boe (including 65,203 bbls of oil and condensate and 1,954 MMscf gas)
· Unaudited cash balances as at 30 June 2020 of US$1.2 million
· Completion of first Tapi Aike drill, Campo La Mata x-1 well
· Initial workover success in the Chorrillos block at Santa Cruz Sur
· Identification of an intensive and low cost workover plan at Santa Cruz Sur
· Successful debt restructuring
· Substantial reductions to operational and administration costs
As always DYOR and gla
Average 0.85 now, seems an over reaction to a few sells today. £2.5MCAP???