Member Info for hey_arnold

Shorts think rights issue, us longs think asset sale.

One of two things will happen, either a rights issue or another asset sale.

Not a bad return haha

How much did you invest in LAM xel? Thanks for the tip, annoyingly i didnt put any in it.

It will be a good day to see how much support there is to the price at 25p. We have been kept down when oil rises, will we be kept up as it falls?

Thanks tony, your comments are always keenly read.

likewise. I still think the market expects tullow to do a rights issue

I just think there are lots of smaller shorts that dont have to report because they are below 0.5%

So they bought may and sold July or aug perhaps ?

When they unload all depends on how much contango is in the curve Vs the cost or renting the tanker. Normally you would hire the tanker and lock in the contango straight away.

The spring is coiling tighter and tigher

you are just looking at the equity, you also need to take account of the debt.

Massive supply cuts combined with a normalisation of demand as lockdown ends, is very bullish in my opinion. Only thing that will upset this rise will be a second lockdown.

Someone else mentioned it this morning, but I agree that I think we are beginning to see the closure of shorts on Tullow.

Shorters continue to expect a rights issue. Hopefully oil continues moving up, to negate this.

Thanks Oil_run that is very interesting.

Haha. what constitutes a mega drop?

I wonder what would make the shorters to close their position. I think for now they continue to expect a rights issue. (I don't).

The problem is, people on here take offence if someone says they think TLW share price could fall for xyz reason, and tend to get aggressive. This then annoys the person with the bearish view who then decided to wind people up, due to their aggressive reaction to a conflicting view. It's a little tedious to be honest. tit for tat.

YoungEnginner, broadly i agree with you but, how you can say it was nothing to do with oil price, I dont understand. Revenue = price x volume sold, so whilst I agree production cuts caused the drop, so did the drop in oil price.