Member Info for BumBum

Really? Who didn’t receive the news well? Idiot!

As you’re a shorter you’ll want to hear that we open 50% down on Monday lol

What constitutes a ‘big move’ up? 5%-10%

Maybe someone can shed light and explain how Vanguard bought 63,000,000 Tullow shares on 31st May 22 when our daily volumes are on average 2-3m per day? How can 3%+ of the company get bought and the SP doesn’t dramatically move upwards? For every buyer there is a seller so who sold 63,000,000 shares? I’m either stupid, naive or have no idea how the stock market works!

Any help would be gratefully received.

Can someone please elaborate on the latest rns regarding Vanguard and 3% holding? Is it a purchase or a closure of a short? I cannot get access to the whole announcement? Thanks.

BR - Raul won’t be going anytime soon and will be allowed to develop his 10 year plan for the business. I agree he is useless at promoting the business to the markets and shareholders, however I don’t believe he will let Kenya go for peanuts, he has a lot of skin in the game in bonuses remunerative in stock, if he was giving away Kenya for nothing, it would have already happened and been announced. I like to believe the talks are ongoing because Tullow is trying to secure the best possible deal for the business. Remember, we are not in a desperate, backs against the wall position we were in in 2020 having to sell assets at fire sale prices and to also renegotiate the debt. Let’s see, but if what you say is true, we should all get out of this stock and invest elsewhere.

I know we are hedged and yes we have barrels unhedged to take advantage of POO, but the outlook for oil is north of $125 for the foreseeable future. Debt is being paid down at the set rates, more wells are being drilled, potential use of FCF to purchase strategic assets to boost production numbers etc and at some point Tullow has to catch up with other oilers in the sector, the SP is so depressed and of course there’s no rationale but how can the SP be the same as a year ago but oil is $50 per barrel higher? We will see 60p again before the summer but what will be the catalyst to push us up to the 70p+ that the analysts say is fair value?

GLA

Very busy downhill MTB in Verbier today, new target 60p.

I feel the need… the need for 60p!

Going hyper sonic Mach 10 ; )

Agreed, the film is incredible, if the opening scene doesn’t give you (male 30-50) goosebumps and a huge grin from ear to ear then you’re dead inside! I will also go back and watch again, recommend in imax.

You think this stock is rising with inflation? Fool!

9% official inflation, how much had this stock increased in the last 12 months…

Utter nonsense as are all broker notes!

Did you read they have a target price of 0.25p lol ??

Time we all woke up, this share is a dog, it did well after the crash to 8p but last 12 months is like watching paint dry and for people on this board to say they will wait 2-3 years more is just pathetic. I’m either trading this or I’m out.

Do you all think this is a better investment over the next 3-6 months than BP or Shell growing a couple of % daily and paying a meaningful dividend…

I’m just as foolish, waiting and waiting for what? An rns from Raul that could have been 2021

Brent topping $115 this morning, fingers crossed for a solid rns at 7am, with at least some undertones of positivity, increased FCF and successful drilling.

I’m not expecting fireworks or anything substantial re Kenya but I am hoping for a meaningful rise in the SP that holds throughout the day.

Tullow needs internal company positivity to move the SP not external markets forces and POO/sentiment.

No, shorts won’t get burnt today and no squeeze but my guess is we might flirt with 57p.

GLA.

Our volume is pitiful, the day before the annual AGM we can’t even manage 2,500,000 shares traded.

No usual rise into a rns or AGM which is unusual, maybe we might see a rise tomorrow which actually holds past 10am!

Excellent you say? To me it sounds like a comedy or errors, one misfire after another…

May 24th 2021 SP 54p May 24th 2022 SP 54p!

Yes I’m long Tullow but I am very cynical and feel tomorrows AGM is going to be another Raul damp squib.

1.8m shares with a 5% sell/buyback swing is slightly more than £50k. You do the math : )

This share swings 5% for fun.

I’ll continue to make money BRB!

Will sell at or above 60p which we will see before next weeks AGM and then re buy back again when it drops back into the 50’s on the day of the AGM.

A quick £50k profit is not to be sniffed at… Carry on old boy, as you were.

We can continue to dream! I’m still reeling after buying back in 4 hours to early… we will jus brave to wait until the end of May for the AGM. Price will rise to 60p the day before and then drop like a stone on the day. I think a lot of us here will be exiting when the SP touches 60p.

Just bought everything back and the little exercise awarded me an additional 67,000 shares! Yes, fortune does favour the brave… just hope I didn’t buy back in to early and we get the RNS we have all been waiting for.

I will definitely be trading a little more now and not just sitting on the sidelines like a fool playing the long game with Tullow anymore.

GLA

Bum Bum the dumb dumb is buying!

Honestly, Tullow haven’t said they will make any announcement or given any date for Kenya news. Like I’ve said before I believe next update on Kenya will be at the AGM later this month.