Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
TLW is oil price sensitive so oil rises the SP rises and falls SP falls but 10 seems to be the base now. hence a possible good rise today. no talking up or down read the graphs. Even if a short term gain.... it is a gain and may set a new higher base line.
Admittedly does seem strange when laying off staff and cutting costs then bosses get a pay rise. Personally I do not really care! if she and others have a plan then great. But the share price fall to 10p is not attributed to her, other wise you could easily say she is responsible also for the fall in most other shares in the stock market... which really, we know is not true! The oil price and market conditions is why we are down at 10p. and only this! but agreed it is a strange time to get a pay rise, when conserving capital is more important. nevermind probably good rise today to put a smile on your face!
Agreed, Tullow is way under priced but so are most companies. Many have not got the liquidity to keep going for long. Tullow should be okay especially with the major cost saving they have done recently, Hedges at .62 will keep us floating till the end. Cant see a bid though as most companies are in same boat and conserving liquidity, unless they are after our assets which I believe are closer to 60p a share but not really the ideal time to do as no-one knows how long this could last. Guess if someone has enough cash and disposable equity they could make a cheeky bid, but surely would not win for less than 50p a share. as investors have already stated on this board there are a number of oiler's in a lot worse position than us so they could well hit the deck and larger companies could than come in and do the vulture on them. This in turn will reduce competition in the market. we are well leveraged through our hedged oil so maybe look good on paper but possibly not worth the risk in the current climate. Who knows, this current market seems to be completely unpredictable yesterday it touched 9s and today could well move up into the high 11s with large oil price rises. I would however guess that any bid for any company would not do us any harm regarding share price.
oil.com Brent is up 6.39% this morning a cracking gain at 26.33 and rising
WTI is up 5.42 and rising. Some thing is a foot, maybe from the discussions yesterday between USA and Russia.... a Cunning plan has been devised! just risen again and Brent is up 6.95% this is looking promising. Tullow should respond favourably this morning. maybe back across the 11 again. would just love to see 12.... but that might be stretching.
https://oilprice.com/Latest-Energy-News/World-News/Traders-Scramble-To-Be-First-In-Line-To-Ditch-Crude-Oil.html
Seems oil has actually reached single ringers, unprecedented. Not negative on the share but the whole oil scenario with traders dumping oil at any price to get rid of it means they know something! these are the guys with the inside knowledge. A great RNS would be nice but what could they say to stimulate..... okay a major find yehhhhh! oil at 20 and 25 respectively WTI and Brent and with oil being traded at 6 dollars a barrel just to dump it ..... great for the future. I would have thought holding off on good news if it is coming till the market stabalizes a bit more or it may lose its impact.... We are close to a Million infected and 50000 dead, most likely hit these figures this week will send shock waves as number hit home. Personally maybe a small jump today or a small fall but not much more
Shale went through this before, it dropped in numbers, as soon as oil picked up the numbers of rigs increased..... you can not say shale is screwed, some companies maybe but that is not the whole industry, from those that fall others will replace..... i do not think you understand! the price will return to 50 and 60 and probably 70 and 80 as oil can not be replaced as yet, China, USA, UK and Europe are massive machines and will return to be oil guzzlers.... probably 3 to 4 months the engines will start driving forward again..... there will be fall out but shale as an industry is not one of them
someone here called me a rather insulting name simply because I thought oil might hit 10s. well it has again. oil is down 8% WTI. it has just moved back to 11 but with oil down it is unlikely to stay ther. 10 and may touch 9 is possible.You talk on this site about sinking US Shale, but that is unlikely tom happen, they will go into hibernation only, conserving US oil while Russia and Saudi go all out producing at a loss. as sson as oil rises the shale companies will be back. TLW risng at themoment does not make any sense. no news as yet. though likely to come. Oil sinking as I mentioned. I can not see it falling any more than 9 though 10 seems to be its holding off point. As I write TLW went up to .11 and fell back to 10. but reality what is there to help it rise. The whole market is down and oil is down no news. Simple really. NY is up at the moment as is the dollar maybe will help stimulate it and also BP up but most oilers down.
So many are here stating this share will go up and other saying it will fall and some actually give reasons.... others seem be resigning themselves that the market is too unstable to dictate which way this will go. personally this for me is the best option to sit and watch. I will miss the great rises start but i will also miss the great fall. I am not clever enough nor have the money to play the waves. so I guess what i am saying is do not be too hasty to pump money here or any where for that matter, with 743000 at this moment infected and 35342 dead which is way below the real numbers this has at least 3 weeks to go before we see the real turn. The difference in China is the people follow the govt or else so turning point was asier. The west people ignore govts as they know better and this is what extends this type of situation. how many of you wash your hands non stop and wear a mask..... few I would hazard a guess, but if everyone did the right thing and stayed in it would defeat it, in defeating it markets will improve as businesses open their doors. Many have and are going bankrupt due to this so not just people are dying.... but the world after this will be slimmer and hold more potential. Companies like TLW that should survive it unlike many of their competition around the globe will be in a stronger position..... Oil prices will rise and it is then we invest and feel the dizzy euphoria of watching out investment rise back up to a pound. But now not sure about you but I reckon we will not see much of anything happening here except a 9 to 11 play area.
I am not personally against Russia or Saudi (OPEC) nor USA. Nor am I for them. I am looking at the situation. I work with a few Russians and know many in China, I also lived for 15 years in the Middle East and Egypt. Based on what Russians are telling me things really are not good in Russia and they really should know. one person two people but when you talk to about thirty or more and the same story pans out with regional differences obviously. They are generally patriotic and want the best for their country. few openly Criticize Putin but then they dont advocate him as a great leader.... more a kind of resign fact that it is what it is. Tullow oil needs to have a much higher oil price to survive. Whether Russia or Saudi or USA win or lose is of little importance. The issue that you have adversaries that are as head strong as each other and will do anything rather to win so this could be a long and drawn out affair. Even if deals come or what ever for TULLOW the price of oil is their business and that will affect their business and their income..... period! Price has risen a little and seems to be standing between 11 and 12.5 it could hit 10 again but really with its fall so far the bad news must be pretty much built in to the share price by now. maybe 10 again but no lower than surely. I guess next week may bring more answers.
Tullow has already moved up from its low. OIl has dropped a little but TLW has not really dropped with it just pottering around. Would have thought the worst is over, but I guess there is no way of knowing really. I know some have said 10 for oil but really? Saudi is not in that greater shape either and there biggest problem is there people who want everything for nothing so the Government gives them massive handouts. I lived there and in Kuwait and they are crazy with the income. forever handing out gift to people from birth to near grave straight into their bank accounts and all the other handouts. If they could cut back on these they could probably se it through..... but would reckon there would be a revolution first!
Would be inclined to agree with S that Russian are not in a great shape financially add Libya and Syria, and as is very evident they are scared stiff of a war with Turkey as they could not afford to maintain it. Sending 7 ships into UK waters today yo try and create some dispute to take the focus away from Russia by the Russian people and focus on external conflicts. Classic move! so see through!
believe what you wanna believe. China has done a great job in removing the virus other countries should have followed suit. Millions are still missing from big factories so the companies are starting back up but are no where near and logically who they going to sell to out side China? Certainly I can go down my street and go into restaurants that allow foriegners and bars no probs.
re Russia, they have a large financial war chest of money for sure. however this war will cut into it and a deficit is for sure. But remember Turkey and Syria are building up their forces ready for the big figh which Russia will get drawn into. They were hoping to finish it quickly, hand back Syria to Assad and Iran and Hezbollah and pinch a whole loada oil to pay for it. Now that will cost Russia dearly along with Libya and with the virus spreading there..... though I guess stick 599 lions on their streets will keep most people indoors.... and feeding them will not be an issue as you will always find some people that will flout the law. So think if things do head south Russia may head to the negotiating table