Member Info for kilman

Well it flashed up for me and then changed to show 39.63 ...with daily high of 39.77 .
Apologies...I'm a few mins early.

40 paid!

jaim.77, it looks like you are counting its overall position.

FTSE 250 does not include FTSE 100.
FTSE350 = FTSE 100 + FTSE 250

Gusto,
Probably a minimum of 600m (42.4 share price) to be in with a shout

"PFC April 2012 £17.40......"
Even just look at where it was a week or two before the SFO announcement, £9+

I think the bid submissions was delayed until late January, even into Feb for the UAE cancelled projects. So that's something to look out for in late April or May.

and imagine this was 396 almost a year ago! A lot of legs left in this.

GVN1 spud on 25th January, maybe even a few days earlier so last week March/first week April we should hear something.

Hahaha Stuart.

A contrarian bet to them seems to be the way to go normally! Although in fairness they have the very basic coin toss summary of it correct. The question is how much of a bias is in the coin and which way!

Tails : "This company is a very high-risk investment. It’s currently involved in renegotiating the terms of its debt with lenders. If management fails, the group could collapse."

Heads: "However, if the business succeeds, the share price could rally as Tullow gains breathing space."

PC, I'm sure his local credit union were happy to take his oil stained £20s !! :)

Is it possible judge requested some additional documentation? Perhaps a reference from his former employer :)

New account/10 posts all on PFC/

Quite the negative nelly.

"People in doubt it will go below the £1 mark but just wait another week. Once our man Mr Lufkin is sentenced Petrofac will be hit with so many negative news stories this share will plummet, I see 80p end of next week."

Is there anything that can come of out the sentencing?
I would have thought it's just an opportune time for SFO to close the case if they wanted to do..but not very likely

Exactly PC, there is very rarely an obvious smoking gun, otherwise these shenanigans come to the surface very quickly.
You need forensic accountants to actively go looking for this.

I would suspect that after 4 years of investigations anything found does not link to others in senior positions at Petrofac.

An ex parte decision is one decided by a judge without requiring all of the parties to the dispute to be present.

For those interested :

"60 per cent of 2021 sales revenue hedged. 2021 is hedged with a floor of approximately US$48/bbl, whilst retaining good access to upside in oil prices with caps averaging approximately US$67/bbl.

2022 sales revenue is currently hedged 3% with a floor of approximately US$51/bbl.

Tullow's realised oil price for 2020 was approximately US$51/bbl (versus an average of US$54.1/bbl Brent oil price for the For tyear) including the benefit of approximately US$219 million of net hedge receipts during the period."

Could be just a little positive sentiment in the Irish economy.

"Yesterday (February 8th), the Irish Minister for Housing said that
the government is working towards reopening the construction
sector in March. This perhaps implies that lower risk, nonessential retail — but not hotels, restaurants and hospitality —
could see restrictions relaxed. If so, Irish GDP could rebound
faster than expected, albeit this scenario is clearly highly sensitive
to how new COVID infections evolve — there were 829 yesterday,
with the vaccine rollout still in its infancy."

Great to see them relisted this week and a decent SP increase. No reason we shouldn't see this continue to increase over the days and weeks ahead. Should be passing £4 after year end results in the summer at the latest.

Gusto,
Agree on Rahul. I only came across him first on the CMD in November and he comes across with a complete knowledge on Tullows affairs and a very good communicator.
He was very straight up about the production declines for 2021 in Ghana due to lack of investment but while that is addressed that reduction is offset by the increase cost saving and change of approach by the company and production should rise back in 2022.
Also getting in excess of their 2022 price target this year(if it holds at 55+) is going to help them hugely too.

And we haven't even talked about Kenya FID!
David

Nice, I only topped up at 1.20 and there was me happy topping up at 1.19 45 mins ago ! :)