This is keeped in a very tight range !! Something has to move it one way or another ?? Could easily be 40p in 2 months but as easily 10p but who knows. Get these elections out the way first only a majority for the conservatives will give us a boost !! A hung parliament will keep us stuck and a labour will destroy all wealth very quickly as billions will leave the Ftse with 1500 points drop .. God help us all and Good luck everyone..
Bad lieing Bod only results in one scenario bankruptcy!! Ask Afren Thomas Cook Xchite Sound Gkp all ended up wiping out shareholders out . Tullow falls into that bracket especially with institutions to accelerate it when they really start dumping millions . I know a few other there are so deep in to it and losing 100s of thousands so seriously feel for them as they have lied to and scammed by dodgy Directors and a corrupt CEO .
A nice trade today but only by luck !! Try and trade it now could be 10 % and 10% tomorrow. All talk of asset.sale sunken cost owed all take months and years to get in the bank. Look a cairn still waiting for $1b from the Indians how many years ?? Uganda government will hold on to cash for years as these corrupt countries change the rules as they please. So good luck with tullow because anyone can where it's going and that's down. But it will be a slow death down
A load of crapa heardy !! Tullow had delusional of grandure with 100kbopd for 2019 and revised down to 70k over the next 3 years with 150m FCF . A bent CEO who resigned and all the board knowing exactly that they were fudging there deluded ambitions !! Still overpriced in my opinion 15p is fair value and it will take years to recover as the institution will off load over the next few months and it will just drip drip down to around 15p maybe 10p with bad sentiment attached.. Only a fool would a penny in that .
extra shares in issue for enquest in comparison we would be around 22p !! But yes the upside here is far greater. Tullow will see 20s just on uncertainty with what's going there plus they have a duster RNS on the cards ??
There is a trade here because it will bounce but at what price ?? I wouldn't touch it yet as any rise today and tomorrow will be sold into. Entry point for a trade is around 20p and you could lose 50% at that entry point A complete gamble until the new CEO arrives because are going to take this as low as possible Good luck day traders because you might become long term holders in a matter of hours ..
Mcap will half again and who.the hell is going to buy this in the teens !!! Look at enquest in comparison ??? Production 75k in 2020 FCF at $600m debt under $1b year end 2020 reserves upgrade on Kraken what's not to lke with a measly £300m mcap!! Enquest look like BP compared to Tullow ..