Member Info for BTFATH1

Yes the key word is currently and we are hedged sbb. What is different when the company had an mc of £11 and net debt was nearly twice what it is now??

Oil will no stay here for much longer

Profit

Less than the market cap when the debt was nearly twice what it is now dyor :-)

Not far off twice the oil price with 60% at 57 this year and 40% at 52 this year dyor

For that impairment we would have made 450 million plus in net profit.

The write down was a kitchen sink. Total, cnooc, Sammy Exxon are going to be straight in contact with Dot now the accounts are out.

5 years ago now it’s 2.8 billion. The sp back then was £11 it is now 15p and they have hedged at a higher level than then.

This market cap is bonkers

That is what the bidders were waiting for let the offers and asset sales commence

2.8 now the market cap was £5 billion back and they losses of 1.5 billion. The market cap is now 220 million :-)))))

Nice poo will be back in 50’s quick smart once the hysteria blows over

Gross profit net debt down, break even at 45 dollars a barrel, great hedges the only aspect was the impairment.

The sp has fallen 93% and the net asset value is £1.10!

At 80p this is overvalued at 18p is ridiculously undervalued.

News to come on Kenya and Uganda
Ceo
Takeover time - sale board is up

Very interesting

https://observer.ug/businessnews/62799-uganda-expects-3-5bn-oil-investment-deal-by-january

Yep debt nearly halved, 700 million in gross profit yep that is 3.2 times the mc.
The maturity is 2022

Plus this let’s call it 1.3 billion settlement.

I see the lovely crispin odey has derisked big time.

Megla gave a read if this mate :-)

https://www-businessdailyafrica-com.cdn.ampproject.org/v/s/www.businessdailyafrica.com/economy/Tullow-shocks-State-with-Sh204bn-Turkana-/3946234-5486560-view-asAMP-149w95v/index.html?usqp=mq331AQFKAGwASA%3D&_js_v=0.1#aoh=15839359045803&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.businessdailyafrica.com%2Feconomy%2FTullow-shocks-State-with-Sh204bn-Turkana-%2F3946234-5486560-117dka6%2Findex.html

Typo rose and were - long day in work

Well it rise yesterday and today we’re others have plummeted. This fall has been utterly relentless and long term holders are 93% down in 20 weeks.

This sp is an absolute joke and the likes of boris’s mate odey and black rock have obliterated the sp and with it the pension pots of many long term shareholders.

Go Boris you and your mates are men of the people :-)

With a notification of an institution reducing since mid December and the sp has reduced from 1.47 to 18p wtaf some serious games being played imo. Could betrayed be right and Sammy has leant out his stock?

This could well do a 50% to 100% upside over the next week with news of the talks of Uganda and Kenya that investor relations mentioned to thrump.

Or are we going to see a cheeky bid

They are scrambling right busy in work catch you all later

0.7 billion profit mc is 220 million with 9 billion in assets and 350 mill in fcf last year and 150 this year.

Orderly queue for the shorts please :-)))))?)

Megla at least you agree 70p is a bargain ignore the net assets completely though :-))))

Tanking while this up I wonder why is the fact it is undervalued by 500 million on the mc :-)

Down here going into tomorrow when the sp is 75% down from the last update and this is a year end so it is all known apart from

Kenya and Uganda asset sale
Takeover news
New CEO
Details of hedges since jan

A 3.2 billion dollar drop this is now valued the same as some non producers on ruddy aim :-)))