Member Info for gregpeck7

A fait few sold in the 52p+ area thinking buy back sub 51...

Thats not ended well.... They wont be putting those trades up here lol.

Here we go 55p tomorrow I would guess.

He is a billionaire Hawkes...

Oil price finally green (hopefully it holds) after being murdered all the way down from 72... Hopefully bounces to at least 62 - 65 area... Which is probably about right at the moment assuming no more shocks..

By all accounts Libya about to come off the market altogether

Thats 1.5 million less barrels...

And the market watches the coronovirus effect in china which is the low hundred thousands....

OPEC talking about deeper cuts.. I would be a buyer all day long under 60p here.

OPEC talking about deeper cuts.. I would be a buyer all day long under 60p here.

Taken another chunk. He almost has 10 percent of company now. This starts moving up soon.

I think / hope next week we see the start of the recovery.. It is simply too cheap at 50p... Ghana is worth more than 2 billion alone IMO... They have a LOT of high quality assets, they are just in a bit of a pickle at the moment... I personally think an offer is coming for the lot at these levels...

Someone has been buying all day on the bid.. Looking very nice. A lot sold out today on the weakness of oil and it rose, next wave of buying will really propel this, I feel a run up is coming MRD just hold tight. 60p first stop once it gets going.

this should totally change sentiment here, for all sorts of reasons its an incredibly important development... 60 - 70p will be reached now IMO.

If they got top end of estimates, then yes.

So a bank has been hired to handle the sale, in the Irish times, very interesting, there is a LOT of oil in Kenya, someone will buy them out.. Looks like 100,000 bopd with huge reserves for about 1.7b USD IMO..

And Peru...

Quite the opposite, if they realise a good price, it will substantially inflate the SP.

Oil looks well oversold to me... As does Tullow...

Bought some Jkx this morning as well looks very positive over there now...

Yes I agree on Uganda as well. I didn’t realise just how high quality the Kenya basin looks to be..

Was reading up on the Kenya assets last night, truly world class... Slight pull back today so far but Brent still strong... No idea what will happen later, but I expect it will build, there is not a big seller here anymore.. Volume drying up.. A few profit takers then it can move on up.

Also Brent looking perky again. Could well run up to around 70 usd which would be like a 10 percent increase in production for tlw and very helpful indeed.

Tullow has just updated the market. There were no nasty surprises but what appears to have happened is a large holder exited very fast and caused a sharp drop in the share price. I don’t agree with some of the predictions here on the bid prices.. I think 80 to 90 pence will be where the first offer lands but I am increasingly certain a bid will come and it could get competitive. Total will not want to ‘miss out’ here but it’s very much a game of cat and mouse with them wanting to pay the lowest amount possible. I think we are at that point currently but time will tell..