Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Oil up 3% erasing most of yesterday’s drop. We will see the SP come back to last Friday’s levels. Broker upgrades and Jeffries predicting a 90% rise in earnings per share in 2022. This share should be a buy given the FCF generated each and everyday this year. Kenya news as to be disclosed (good or bad) within the next 4 weeks. GLA
https://www.tradingview.com/chart/TLW/ges9VYc4-Tullow-to-the-top/?amp
As I posted yesterday, these broker upgrades are really coming thick and fast, 3 in the last 24 hours… something is definitely happening here, with a 30-40% upside based on these broker targets alone. Hold tight!
Oil is up a little this morning and crude is above $100. All of these coordinated releases are just a bandaid solution, oil consumption is increasing and production cannot match long term demand, these reserves will all need to be replaced. The daily short term noise doesn’t effect Tullow’s profitability and FCF which is working overtime right now. Have Tullow every released guidance on $100 oil? I still think we will see a continued steady increase throughout April as no one wants to be out of this when the Kenya RNS drops.
Agreed, Stockbuster, the last 2 sessions really surprised me, they didn’t follow the usual trend of market volatility, sharp decrease in the POO, with usual Tullow manipulation and drops. Maybe the solid hedges and news in Kenya is just around the corner. I think we will see a RNS on Kenya before Easter. Could be a real game changer and rerate the SP.
If nothing is achieved by the May deadline or Tullow has its pants pulled down again (Uganda) then the market will destroy the SP and the shorters will be in full attack mode and drive this down hard. If however there’s a quality farm down or take over bid the SP should fly.
I see a potential 50% upside and 50% downside. It’s a complete gamble. I’m a LTH but after the last 2 1/2 years in this share I am extremely skeptical and beaten down to expect the worst. Unfortunately and for some reason Tullow’s ceiling is circa 63p.
Some very scary numbers being played out… 33m UT sell and then the most worrying of all a trade of 3’100’000 shares at a price of £1m which is a buy or sell at 31p a share. Guys WTF is going on?!? Is Beetham really buying 750k today, is this board all a smokescreen? Nothing makes sense right now. Could we open a Monday 50% down on todays closing?
How can we have traded 45 million shares today and the SP is only 1.5% up? Totally baffling and manipulated! Obviously trackers and funds buying before Mondays entry to the 250, but why isn’t the SP moving accordingly, just doesn’t make any sense. I just hope that the next 4-6 weeks we finally get some real, genuine good news that move us back to 60p+ so we can all see out as we should have done many times in the past 18 months lol
Did you read that significant share holder value will be added by the commercialisation of Gas by the end of this year? This alone has to be worth a re rate in the SP given current gas prices.
Great solid update with lots to look forward to in the next 12 months
Coiled nicely to explode 20%+ tomorrow! Todays rise has nothing to do with tomorrows results just external macro/geopolitical moving all energy stocks, some a lot more than Tullow. I feel tomorrows going to fundamentally different to previous years earnings.
Oil has jumped above $130 on the announcement that’s why Tullow has risen above 60p. Unfortunately nothing to do with ‘leaky’ results. Hopefully the results will speak for themselves tomorrow and we get an organic bump up in the SP to 65-70p range.