Member Info for hey_arnold

The drip drip drip is defo the shorters. Looks like someone is buying though today.

Some interesting price action today. One second its slammed down 1% by the shorters then boom back up to flat.

https://www.investopedia.com/terms/s/shortselling.asp

https://shorttracker.co.uk/company/GB0001500809/

Selling the shares they borrowed on Thurs & Fri.

I'm sure Mr 7% will buy some more at some point

I think Goldman published a note yesterday saying that there is too much risk premium baked into the oil price currently and that we would actually need material supply disruptions for it to stay above $70.

Today is defo the shorters using their borrowed shares to push the price down, but if you hold a year view this is just noise.

Sit tight and chill!

Perhaps they want to avoid more share price volatility, rises then big drops.

a fund/funds are defo loading up on this before the trading update. Almost certain that was what happened earlier.

Buying opportunity today.

I think the various overhangs on TLW (No Ceo, Ghana etc...) are stopping it re-rating upwards. Once these things start to get sorted I think this should have days where it moves +5%.

Very spivvy behaviour!

"The company hedges Oil all the time. When Oil gets to $80pb (and it will) Tullow can take some large hedges out."

If they are already hedged then they want to take hedges out now otherwise they wont capture the increase in oil prices. Taking them out when oil is at $80 will mean they have missed all the increase.

I thought only 50% production is hedged?

That's because they fixed the problem in two-three weeks.

Be patient and you will be rewarded.

Why talk your book?

Just sit and be patient. Stocks don't always do what you want, when you want. Then when you don't expect it they jump 20%.

Given the double downgrade this is doing very well. Mr 7% is soon to be >10%

Thanks. Think shorts have increased slightly so every chance this gets sold back down tomorrow