Member Info for Flavius

Agree, every time like this, but... Once in a while the resistance is broken and all the ones selling the day before wait for the first opportunity to step in again, and that opportunity very seldom comes. I've seen many such movies in the past and this is the reason why I'm not selling. In the long term fundamentals prevail. Need to be patient. Won't be selling for less than 60p.

Debt is officially not an issue any more. Interest rates will not rise any further, they can just go down from these levels. Accordingly, financing will be less onerous. Oil price is showing signs of stabilization or even inversion (see the weekly candlestick: an inverted hammer). Latest China industrial production data are far better than expectations. Tullow looks very well positioned now to attack the 40p resistance. With debt under control and easing financing conditions more resources can be invested in exploration, and this would be the real game changer: a decent commercial discovery would send the SP in the triple digits. It would have sounded like a dream a few months back, but today it's just .. real. Fingers crossed, let's enjoy a nice Christmas in the meantime. 2024 looks promising.

If they tried to close them, the price action would be much different. Looks like there are no buyers actually. Anyways, no one to blame. As long as the US keeps pulling the OP down there's no much to do. Unless one expects that Rahul has the power to push the OP back to 100$.

So many things can happen for an oil company in such a long time frame. It's really impossible to tell. The best SP booster is an oil commercial discovery which hasn't happened for too long. As the debt gets reduced, more capex can be invested in exploration. In the current scenario, with still no exploration wells being drilled and operating in "debt reduction mode" only, I would be more than happy with a SP in the 60p area.

It's the same institution that can cut millions of barrels of oil production in case of oversupply concerns, so it's definitely credible. Much less credible the other institution (US Gov) which has multiple reasons to falsely claim an oversupply that actually doesn't exist (otherwise why drawning 200 million barrels from strategic reserves?)

Anton, well said. Manipulation is achieved through control of the news flow by the media. Everything started when oil was approaching the 100$ level: since then the OP movement down has been steady and supported by flawed analyses which pretended to identify signs of demand weakness in data which were just affected by seasonal factors. As OPEC claimed in many occasion, there is no any evidence of demand decrease, or over-production. Have a look at this link for example: https://oilprice.com/Energy/Heating-Oil/Unwarranted-Demand-Pessimism-Could-Lead-To-Big-Oil-Price-Rally.html

Once in a while this share has not underperformed the sector. Overall, perfectly normal taking profit after the latest gains and under the hyper-bearish sentiment for oil. OP is actually plummeting under auto-pilot mode after the 100$ peak, moving in a channel that presumably will lead to a floor in the 70$ area, where the US administration wants it to stay, at least up to the elections in 2024. Waiting for the next move by OPEC: will they reply to US trading games with paper barrels by actually removing real oil barrels from the market? Will they just jawboning? Future SP will depend on these dynamics now the debt issue is far less relevant.

I'm talkative in pain and silent in gain. Just enjoying the moment. Overall quite a good news flow in the last two days. Those who have been highlighting the only temporary impact from water injection issues proved themselves right: markets are interested in long term outlook, and the outlook is definitely brighter after the agreement with Glencore. This company needs to come back talking about investments, exploration, future perspectives, growth: these are the real market movers and the short covering of the last few hours is probably the best evidence that we are really heading in the right direction.

He can always relinquish the licence just a few days before a super-giant discovery is made in the same area, as he did in Namibia.

Delusional update overall. Too much focus on "decarbonization" and green issues, at a moment where the ESG hype is losing steam, worldwide. Like it or not, investors are increasingly reluctant to believe that "green projects" are able to provide profits and margins comparable to the "old" oil & gas business. And even more after recent catastrophic performance of EPC contractors in wind farm projects. Accordingly EPC contractors worldwide are refocusing their business towards more "conventional" (and profitable) investments like O&G developments offshore. It looks like Wood is lagging behind competitors in understanding that the wind has changed (literally) and hyping marvellous energy transitions and decarbonization projects is perhaps still making headlines, but not producing profits (and benefits to the SP accordingly).

Only moves down, actually.

Honestly I don't have any number of mine... Just watching the charts and making my mind on where this stuff is heading. Low for sure. Some -4% per day recently. We keep discussing, assuming, figuring out the potential impact of microscopic events or future events that will never happen. And in the meantime this share lags when the others run, and sinks whenever the OP loses a few dollars. This is the price action of a sinking ship. Don't know why but it is what it is. Trading charts don't lie. We maybe live in hope. Hope not to die in despair after losing so much time after this delusional stuff.

Back to the low-20s, where it was heading in any case.

"civil servants" = non-elected people who have the final say on evertything, however people vote. And then one wonders why European economies are falling off a cliff.

Even less consolation when others score -1% and you are down by 4%. Results after tomorrow, hope there is no relation with it. Just hope.

Title of the novel: "Great Expectations" subject: traders imagining a bright future where barely-profitable projects in exotic African countries are executed (maybe) in the next 10 years. Reality: -3.5% on no news. Something is not adding up here.

Of course it could be. And any interested party in such take over had better make an offer now. As in one year time the debt could no longer be an issue, and the take over be much more expensive accordingly.

Strong resistance indeed: 36p is the new 300p. Just 90% below.

Well it's a 40% increase on the target price though :)

-7% from yesterday's top. With OP at 93$. This share is a joke. It will be shorted to death as long as it cannot distribute dividends or buyback its shares.