The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
HBR debt burden is 1.7 billion. Tullow 2.1 currently ends of 2021
A major wouldn’t buy shells old assets in Egypt and a bit of cash. Pointless deal for them, they’re raking in 10’s of billions per quarter. Let’s get serious, Capricorn isn’t that great of a partner, 30,000 mboed of mainly gas at Egypt domestic prices… think they need to get real, gas has fallen off its pedestal and oils predicted to go vertical
Wise agent, I recall this!
He’d been in Tullow for ages and had a high buy in price, if I recall he sold quite low to watch Tullow move in practically a few days after he sold.
I also recall the guy that put his mortgage deposit on Tullow at 20p and was convinced it would fly to 45p. He had a deadline to sell so he could buy his house and about a week before the payment was due Tullow flew! Lucky guy!
Of course you have :), not doubting that… but I’m also not looking for bottom feeder profits. I made around 450% last year on Tullow buying between 10 and 24p. Made 135% this year on I3 buying at 11p and I’ll no doubt do another 150% on Tullow by Q1 2023.
And all I have to do is sit back and chill. Meanwhile most traders will sell up expecting a pull back at 60p and it’ll shoot 30% in a day to catch you all out.
Guess they finally looked at the hedges and realised what’s actually going on. Plus drilling in Guyana, plus Kenya and the start up of two ILX fields in Ghana in 23.
Mental that this is still at these levels
‘What goes up inevitably comes down’
I’m not convinced with that one, I3E is finding it’s fair value equilibrium and I don’t think we’re anywhere near there yet.
It doesn’t help that there are constant spanner’s in the works with outperformance in the assists and commodity price but I think I3E still has some way to go. There will inevitably be peaks and dips but when it’s all said and done i see us comfortably in the high 30’s and still targeting growth in Simonette and clearwater
ATB
I’m not seeing these massive buys, maybe they’ll show up after hours… couldn’t care less about the slight drop here either because the writings on the wall.
My guess would be that the market is predicting Brent will hit $90 then pull back… maybe… possibly but couldn’t care less. As long as oil is above 50/60 dollars then Tullow is generating crazy money