Member Info for BumBum

Auction...

Material uncertainty completely removed, LTH have been patiently waiting for this day... the share price will fly now, I see huge gains in the coming weeks/months.
Eventually this will be north of £1, but today you just watch the short squeeze, it’s going to be so satisfying. I can only set my sell max 50% higher than current SP, so it’s 66p currently, but will be readjusting as soon as the markets open. I don’t want the shorters to be able to buy my shares for anything less than £1.

GLA have a great Friday.

https://www.bloomberg.com/news/articles/2021-02-22/goldman-sees-oil-supply-response-lagging-behind-demand-rebound

Petrofac is in the FTSE 250 with a market cap of 460m, with 5 others hovering around 600-620m. We would probably need to see another 10-15% rise in the SP and it to be sustained. IMO

35p is a real sticking point, with 500k+ Sells added... if this get pushed through we should see a sharp rise.

Squeeze... when this goes it really goes! Usually get 3 solid big blue days. 34 to 40 will happen in a blink of an eye.

Totally agreed with this. It’s not about 5/8/10/13 years it’s about now, next 12 months.... survival and negotiating the best RBL and future loan agreements. The share price can double in the next 12 months if all uncertainty is wiped off the table.

We have the potential to find other reserves and increase production elsewhere. I believe oil is heading north of $70 and at some point we will get payments from Total from Uganda. Is that at $70 or $75 a barrel?

JPMorgan Says Commodities May Have Just Begun a New Supercycle .

JPMorgan Says Commodities May Have Just Begun a New Supercycle
https://www.bloomberg.com/news/articles/2021-02-10/j-p-morgan-sees-commodity-supercycle-already-kicking-off

What do we think this morning? In and out of auction for the first hour during the call? Reiteration of yesterday’s RNS, any further positive news, or maybe not... I don’t think the RBS announcement will come today and not by the way of a call, surely RNS. I would like to use last years RNS on the Uganda asset sale and the subsequent share price action as a gauge, but I think the markets response to Tullow is now far more muted. Given the current oil price, increase in bind values, additional sales, 10 year strategic plan, drilling underway and further drill ship secured, I feel more positive and secure with my holdings in Tullow now.

My prediction is more volatility and a small rise of 2-3% by EOD. GLA

Oil pushed above $60 earlier before falling back just below, probably due to a number of sell/limits. Once this has breached $60 a few times, POO could extend a significant rally towards $70. The timing of this and the ongoing RBL negotiations is significant. The general market sentiment towards oil over the last days is shifting and this could see some real movement. Market forces won’t want to be missing out and in the wrong side of this. Inventory draws announced Wednesday, RBL announcement (in my humble opinion) will be as expected, potential to strike oil in the next months and securing of the Mersk drilling rig for the next 4 years, seems to me as a swell of positivity. Long term 6-12 months I see the share price north of 50p. Which happens to be Raul’s magic number! GLA

https://www.globenewswire.com/news-release/2021/02/04/2169577/0/en/Maersk-Drilling-selected-for-long-term-drilling-campaign-by-Tullow-Oil.html

As a LTH I’m also going to add Monday morning, the last weeks have shown what can be done by retail investors to take the fight to the shorters. We need to create action and awareness not just in the UK but across the pond. We need our own sustained short squeeze.

I’ve got a horrible feeling this will go sub 20 again before RBL given current lockdowns and US with Biden will also go into hard lockdown. People will start questioning again whether Tullow can survive and the price could be shorted down to below 10. Trade this if you have balls of steel.

GLA

Air cooled, I sold out everything from Tullow 2 weeks back average 33. I was in this share all year and happy to wait 2-3 years for £1+ however the % short and the way the share would move or not in relation to market/other oil companies worried me. Whilst the CMD day presentation and I listened live for over 2 hours impressed, the guidance and reduced production for 2021 was worrying. For me it’s about performance drag and missed opportunities. Since selling I’ve diversified into a selection of ETF’s sustainable energy, biotech, robotics, automation, cloud computing, art intelligence etc and I’ve made solid gains.

I have 100% less stress and anxiety each day!

Look, I believe in Tullow, however exiting now, making steady gains in a diverse portfolio elsewhere and coming back into Tullow in Jan/Feb or whenever next year for me for the right choice. I might miss some ‘rare’ spikes but I also no that Tullow will be pulled back from these spikes every time whilst there’s 8% short interest.

There’s no right or wrong, I salute the faithful LTH, merry Christmas and GLA.

Brexit isn’t irrelevant, it’s massive, it effects everything and importantly the markets sentiment towards risk on assets. It creates more uncertainty, increased costs and taxes for the UK and Europe. The shorters and MM have this stock controlled and manipulated, why else would last week the SP pull back when POO pushed through $50. I’m a long term holder but becoming increasingly skeptical nervous with my holding in Tullow. There will be nothing in the short term that will move this share north of 40p, more downside than upside until the upcoming RBL is agreed and confirmed as a positive outcome.

Oil down 1.5% risk off today, could see Tullow pull back to 29.

Unfortunately, I believe we will see a pull back in the coming days. When Tullow rises for 3 days straight, the 4th trading day we usually see a drop. Whether it’s profit taking, day traders, MM or shorters increasing their position. The OPEC news is done now, there won’t be anymore ‘POO’ related news, next big Tullow event will be in January, until then the virus and lockdowns will dominate the holiday season news flows. Short term I see vol and 10-15% swings in either direction. Personally Q1-Q2 2021 we should see sustained upward momentum, until then we are in the hands of the shorters and they will not quit quietly.

Go to the Tullow website and click on the CMD link, register name etc and it loads

Very impressed so far with the live CMD stream. This company is becoming more and more investable... massive year 2021. This will break 50p

When people post: I’m overly invested in Tullow, what does that mean? 100,000 shares, 200,000 shares 1,000,000 shares, 10m shares?

Boom ?? 1,300,000 shares is invested... roll on £1