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Was stock accumulated at the lower price 1.70p channel, yes of cause it was. Has the stock been sold at the higher price 3.75p channel ? Yes that’s the way it works. The highest volume over 5 days is at 3.75p Many thanks to PI’s for holding the price up while Pro’s sell at a profit. The Industry don’t invest if there’s a healthy profit, they take it, because a bird in the hand is worth two in the bush & 100%+ is nay bad.

If someone wanted to buy £400k worth of stock would you expect them to ‘buy’ at the highest price during the day ? Might they instruct a Broker to break the order up & obtain the best price ? Would you expect the share price to rise after the supposed large purchase or decrease ? Now note the large trades on the tape preceding 12:21, which was the reported time. P stands for part order. Might it in fact be a well managed Sell ?

The days highest traded volume is at 4p. There appeared to be a lot of Industrial trades taken place at that price level. Possibly selling as the Bid has now dropped to 3.665 & VWAP is 3.46. Just an observation.

Now you know why there was such a hurry to take this stock up. 4.5p in just one day. You don’t get more obvious than that.

Look up ‘painting the tape’ it’s not that but. Things looking up today with 115 trades so far, and who bought at 2.30p, tut tut The only ones accumulating are PI’s. Some of which only need 32p to get their money back, one of these decades…

Is this stock in trouble ie does it have a large debt issue, Bond Holders or other. Or is it non company specific & simply being shorted ? Thanks in advance for any replies.

No shortage of PI sales this morning. Looks like folk are getting wise to the guys running the show. Short selling the stock down at the end of the day & covering in the closing UT. A regular tactic now with Tullow’s share management. So it’s left to ACTX to hold the stock up, little surprise. With Retails waning participation volume, time for another short to 41p ?

Looks like the hangover after the party, or perhaps I should say after closing the trade. Well dune fellas. Oil’s rise offers da cover. So what’s next retrace to 41p ?

You have your observations, which are quite correct. It’s nothing to do with Tullow, Oil or fellow PI’s. Although a lack of traded volume does contribute. I hope you have figured out who is pulling the strings.

I’ve recently looked at the figures. It appears that a large Industry trade may have completed on the 24th with £500k worth of sales. Contained within should be a healthy profit. Near term it will be interesting to see what occurs next, trend continuation or price decay.

As 20 years listing approaches, this is without doubt a very successful business model for a non-profit project. The more youthful the better for a replacement CEO, so status quo can continue for many decades to come. Re the future will we see a return of the continuous dilution funding system in 2022 ?. Disappointing that there has not been a share price increase during it’s absence.

ScotsLoveTrump hi, without going into lots of detail & there is lots. Share prices don’t represent what might be considered correct-value, they are where the Industry want them. Ie where the most Volume is traded. That’s where the Industry makes it’s money. This is why there is a disconnect between what you as a Retail Investor thinks should be & what is actually occurring. The Industry operates on an income stream business model to pay wages at the end of the Week. As with all stocks Tullow sold it’s shares at floatation, someone else controls them now.

“Can anybody explains that drastic drop today ?” try this:

US inflation has just come in at 6.8%. Highest level in 40 years. So you can see why the reins have been pulled in on Oil. The last time inflation was that high, US interest rates was at 13%. Historically inflation up = interest rates up = stock markets down. One of the share pricing Algo setting is risk control, for the Industry.

Hi Oiluser, this is why I asked Slift to comment. I believe the hedging contract falls due for renegotiation & replacement. Another factor is the possibility of Covid lockdowns in the short term, reducing demand. Little wonder that there is currently a flurry of marketing, aimed at Joe Public.

US rig count increased by 7 this Week to 576. Fuel at the pumps is forecast to come down in price over the next 2 Months as supply increases. Opec+ is increasing supply by 400,000 bpd commencing in January. This combination is forecast to cause a Sizable-Market-Over-Supply. This timing will not be beneficial to TLW’s re funding which is due in January. Can Slift please comment on this. This means the recent share price forecast of 65 to 70+ for TLW looks to be put back to the end or at least H2 of 2022.

HBR has some wild Broker targets, clearly unachievable anytime soon. And the plummeting graph tells another story. Maybe they have some yearend client stock to sell……..

Oil is up due to a delay with the Iran deal, currently being worked for them to supply the market. Due to Covid. Temporary rise ? Nothing is ridiculous with how the stock price is being managed, if you view it from the Industry side, not Retail. Fridays volume was only at around 1.3m by 1pm. So will the Descending-Triangle resume, we will see.

Re HBR’s floatation. Prior to that PMO peeked at £5.24 in Feb 2011. HBR equivalent £104.90 due to the x20 consolidation. It could be said that PMO shareholders have been decimated but thinking positively when HBR reaches £105 they will get their money back. Easily achievable……. GKP was a 100 to 1 consolidation + dilution to pay Bond holders to equal 1p per share, then 100 to 1 amalgamation to equal £1. Not everything is as good as it appears.

Formed over the preceding 6 days. Looks like this is heading below 40p next Week. Ideal for a Long Short trade. Long Oil / Short Tullow.

Oil has had it’s wings clipped & we won’t be seeing the recent highs anytime soon. All being well 55 to 60p for Tullow, but you will need to wait around 6 Months. In the meantime a different game will be played, to pay the Industries payroll. Currently Oil might be topping out.