Member Info for gogadget

Is slater606 Kevin Wendell Crumb

A lot of people are not interested in investing in shares, and just because a director or individual is a employee of a PLC listed on a stock exchange does not mean that they should be expected to purchase shares in a company they are associated with. shares can be risky and people can loose money due to unforeseen circumstances such as war, politics etc…. Shares can be stressful and obsessive especially when you have a significant valuable holding. Given that numerous directors are now buying and building up holdings gives me a bit of confidence in Tullow in the near term, if they themselves did not have confidence in the companies shares price or future they would not be buying in. There are a few near term catalysts which are already public knowledge so this is not really insider dealing, it’s just they now have more confidence in those near term catalysts materialising and also the business plan paying off. There is also support from OPECs July cuts and oil price remaining strong after recovering some of its losses of the past few weeks which again helps with the business plan of increasing production and also hedges dropping of for upside exposure should oil price head north.

Shorts don’t always get it right.. there’s a lot more shares held long by investors than shorts. For a director to buy 60k worth of shares they must have confidence the share price is going to increase.. a director has a lot more knowledge of how the business is doing than a vulture short. The shorters will be trying what they can to protect the shorts they already have and looking at pickets recent short increases they are already down,

Let’s hope they have skid marks appearing in their shorts….

First director purchase I have seen in a while.. confidence….

Repurchase of debt at any substantial discount is a good outcome. The 2025 bonds currently listed at circa 59, so the auction potentially achieved around 40 percent discount.

Https://www.boerse-frankfurt.de/bond/usg91237aa87-tullow-oil-plc-7-18-25

The bond auction appears to have not been extended and concluded on Friday as expected as the 7% 2025 bonds are no longer suspended from trading…

Hopefully they surprise the market and choose to buy back excess of the $75m shall the appetite be there from the bond holders to part at a price favourable to Tullow. Rahul did say 2023 will be the year the market stops worrying about Tullows debt. Let’s see if he makes good progress on this. They also must be confident in their own finances and forward projections to be buying back given so much negativity towards oil from recession etc and oil struggling even after latest OPEC cuts.

Interesting to see the average auction price, effort to pay down debt a step in the right direction

2025 bonds been temporarily suspended from trading whilst purchase concludes. Currently listed at 54.97, so $75million should buy back circa $136million of debt

Good riddance

Certain accounts bring nothing but negativity to this forum,, I’m bored of reading the negativity day in day out, people goading others about being at a loss on their investment, some people add value here by posting informative links/info etc.. Now it’s just trolling, I think some people should disappear and spend their time on Facebook or something.

Slater why don’t you do us all a favour and take yourself quietly up to you bedroom and take 500 paracetamol

On a positive note the share price has slowly been moving in a upwards direction since 16th may, a long way to go yet though….

What a con if this floor price is $71, oil prices are volatile, looking at the chats 2010 oil prices averaged above $71, hunts deluded, so it’s ok for groceries, house prices etc become unaffordable and go through the roof and stay there (increased tax returns for HMRC) yet oils not allowed to increase in line with rampant inflation brought about by government policies…. Give up with uk government, run by a load of clowns.

It appears 48 hour well test completed, heat image disappeared at 1am this morning… looking at gas well flow test info on internet states gas well testing takes between 1 and 3 days.

Just looked at the link provided for the satellite heat images, it allows you to scroll back at previous images.. it shows the heat from the flare at Blythe appeared at 1am on 4th June and has carried on burning continuously

Crude trading up over 3% since market opening, Brent on open should also be up over 3% which is over $79 per barrel, hopefully keep gaining over night and into tomorrow when western markets open, now is the time Tullow to benefit from the reduction in hedges.

Https://m.uk.investing.com/news/commodities-news/opec-meets-to-debate-production-quotas-new-cut--sources-3041336

Output cut agreed… hoping June is the month Tullow starts to rise back to where it should be…

A production cut is better than doing nothing and selling oil at a loss in a flooded market makes no sense for anyone invested in oil and is counter productive, all it does is benefit the governments figures and allow Biden to fill up the strategic reserves on the cheap… they winge about fuel being to expensive for the consumer yet the government in the uk make the most out of all by slapping on 52.95p per litre on fuel plus VAT @20%, if they want want to ease the pain on consumers lower the tax… OPEC has been manipulating prices for many years depending on market demand so this is not a new thing.