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I don’t see how they can claim their expenses back from Kenyan government if they sell the asset. Tax purposes yes. Be easier to relinquish than negotiate a sale for a $1. More negativity from JMAX. Anyway you haven’t said if you will take me up on the gamble
OK JMAX, let’s have a gamble. If Tullows share price is higher than todays closing price on 31st May (no specific reason for date) then your the proven fool and agree to disappear from this board, never to return again… if the share price is lower, I will be the fool and agree to disappear and never comment again….
Old and new hedges based on company projections of $80 per barrel. Currently bringing circa 350k extra daily revenue @ $89.4 dollars todays oil price, where as on the new hedges it will be circa 582k extra daily revenue. Big money if oil elevated for the rest of the year!
Not sure on the date of the expiry of the poor hedges. Trading statements prints improved hedging in H2 (1st July) where it’s also stated from June, which can either be interpreted as from the end of June, or from the start of June. My opinion is it’s the 1st July H2.
BP pulse cutting 10% of EV charging jobs due to EV not taking off as expected.. has the EV bubble burst, Tesla share price seems to be pointing that way. UK ban of new petrol and diesel cars delayed till 2035. Fossil fuel needed for many years to come, the quick access to fuel drive’s economy’s. Most people/businesses don’t have the time to sit and wait for a charge mid commute.
June 30th is the extended Kenya deadline. Announcement could be any day from Monday, It could also be delayed again and extended beyond June? It seems something is looming behind the scenes for the current share price run and major shorts closing, or it could just be related to increased oil price, increased production and drastically improved hedges on the horizon from the 1st July. Let’s see what next week brings which I’m optimistic will be another good week.
Https://fortune.com/2024/04/07/oil-supply-shocks-100-per-barrel-summer-driving-season/