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@YoungEngineer @BloodyRedBaron
Are you shorting the stock? If so are you fidgety? 10 year plan is based on low oil price assumptions, not on 100$ oil price assumptions.
70$ per barrel or 60$ per barrel is kind of the lower case or base case scenario and it still makes the stock a bargain for the price that is trading today, with 100$ oil we just simply make a killing.
We are even half away to the 80$ per barrel. And much of our production is unhedged. You are talking nonsense.
50 millions this year is not that much of a "cost" and for that "cost" the unhedged production has been sold at higher prices. We are Gucci, the SP should go up in the medium and long term to reflect the improved conditions.
JMAX it takes time not confidence, oil is not likely to increase another 20$ - 30$ overnight, and with the hedges wouldn't matter as much in the short term.The share is undervalued, but going from 1 billion to 10 billions in market cap is harder than going from 100 millions to 1 billion in market cap, we just need time, that's all. Discipline not enthusiasm. Just take it as a waiting game. You need to be patient, it's not about surprises, we don't any, it's just the boring stuff that will lift up the share price.
Adieuk - the BoD, the board has the right - not the obligation to repurchase back shares.
Why wait? Because there are people here itching to sell at lower prices, so why not wait?
I am more comfortable with Tullow holding the cash than buying at this prices - many "shareholders" in here are not holders but traders and will sell at 1 pence.
If you are whining is most probably because you want Tullow to buy so it can temporarily to inflate it's price so you can speculate and sell higher, so if you want to sell now you will have to settle for whatever the market will offer you or hold.
I am more comfortable knowing that we have enough cash to repurchase the "whole business" (in market cap. not everyone will be willing to sell at 10p) if it ever trades at 10p again.
"Due to 20% recent drop, the results tomorrow are not going to be great."
Not at all. Acording to Kosmos release seems next trading statement update is going to be decent.
"Some institutions knew these information few weeks ago."
No, I don't think so. You weren't invested in Tullow in December 9, were you?
"Hope tomorrow, we can recover some recent drop."
Tomorrow might be a good day or just another unceremonious nonchalant day. If you going to buy, buy for the long term, don't speculate.
Roughly from every 10 dollars above 70$ price per barrel we stop making 66 million dollars per year (we only make 33 million more, instead of 100 million more), at 75$ we stop making 33 millions per year, which is not much of a "cost".
At 70$ we make enough profit, in 2 years hedges will be irrelevant, and 2022 and 2023 hedges haven't been disclosed (how much has been already compromised and at what prices). Ask the IR for the status of our hedges.
@selecta6.
Our holdings in Ghana alone are worth way much more than the market cap at 70$ per barrel.
At 100$ per barrel we can ramp up production. The share has traded below a yearly dividend payment.
And only a percentage of profits have been as a dividend the years that dividends have been.
The prevailing bias is really pessimistic, the share is not fairly price is bargain to buy right now, huge bargain.
Only problem is you cannot afford to speculate with it, if you buy you ought to hold, the SP can go up the SP can go down but at the end of the day you are buying a bargain and shouldn't be paying attention to the daily quotes.
Are you done with your childish attempt of trying to provoke me?
I have better things to do than to listen to your nonsensical gibberish.
Replying to your posts is just a waste of my time.
Excuse me in advance for utterly ignoring you from now on.