RE: Feel the sting8 Mar 2023 09:04
The banks are definitely getting their share - £1.08billion gross profit but only £0.05billion for net. Means £1.03billion has been sucked up by debt repayments, interest etc.
I did well out of TLW in the rise from 7p and have a little left in but oil was up around 120 a barrel in 2022 and if we haven't blitzed the market with these results we are unlikely to moving forward. That said I still have faith in Rahul, he has stabilised the ship, and Jubilee South East will help. But exploration looking like an after thought for the time being.
Will stick it out for the time being but fear the company will stay unloved until debt comes down more.