Member Info for latpulldown

https://www.theeastafrican.co.ke/tea/business/pierre-jessua-much-to-do-before-uganda-first-oil-flows-in-2024-2483176 "

A few on here will be able to vouch that he did very well on ARS

Beetham Premium Member

Posted in: ARS

Posts: 936

Price: 4.30

No Opinion

RE: Video08 Oct 2020 16:40
A few took the P!ss out of me over on GGP when I acquired 35M shares in ARS some time ago, Not looking so silly now, Stephen

Somebody forgot the dialogue

Posted in: TLW

Posts: 936

Price: 14.525

No Opinion

RE: I will say it one more time01 Oct 2020 19:23
Please do. I will look forward to that Dubaidave. All good fun and I'll definitely still be here. Come back November 2021 !

Beetham Premium Member

Posted in: TLW

Posts: 936

Price: 14.525

No Opinion

RE: I will say it one more time01 Oct 2020 19:16
Nope. Wrong Dubaidave.
Strong Company with great assets.
Added 1M shares here today.
Uganda Completion very soon. Good luck all serious holders in Tullow Oil. Iconic Company. Stephen

I remembered the dialogue.

Beetham Premium Member

Posted in: TLW

Posts: 936

Price: 14.295

No Opinion

RE: Price02 Oct 2020 20:17
· 60 per cent of 2H 2020 sales revenue hedged with a floor of $57/bbl; 48 per cent of 2021 hedged with a floor of $51/bbl

Whoever put these in place deserves a big bonus, Smart move, Very smart move ! I do like this Company. Stephen

Beetham Premium Member

Posted in: TLW

Posts: 936

Price: 14.525

No Opinion

RE: They still haven't got the formulae right01 Oct 2020 22:28
Latpulldown
There is no mathematics here, Only shorters in the last chance saloon.
They know RBL has been sorted.
They know Uganda is imminent. Hence higher volume today. All good here."

I'd say highly imminent now.

Beetham Premium Member

Posted in: TLW

Posts: 936

Price: 18.65

No Opinion

RE: Moodys Rating10 Oct 2020 14:17
2022 debt is $650M not $700
The maturity date can be pushed out to 2024 on this in return for a higher interest coupon. Tullow ship is steady and looking forward to higher oil prices. UG $500M 22nd October?? Very brave shorts that stay open after that ! Good luck to all serious Tullow holder’s. Stephen

antharry,

I take it you are referring to Stephen Beetham when you refer to the shareholder who just recently crossed the 3% threshold. This is the guy to whom I think you are referring.

https://www.independent.co.uk/news/uk/this-britain/reach-for-the-sky-the-young-developer-with-a-towering-ambition-93544.html

Thats $575 Million

Opportune top up at 17.16p.

Delighted with that and knowing that $575 is coming our way.

When you invest on the stock market you normally do it in an educated way but it is still generally blind as to what is happening.

Just occasionally you get the odd bit of insight that lets you know in advance what is happening. Those moments are the ones to seize and savour.

Pierre Jessau the Total General Manager in Uganda has just given us one of those moments.

https://www.theeastafrican.co.ke/tea/business/pierre-jessua-much-to-do-before-uganda-first-oil-flows-in-2024-2483176 "

Go easy on him. He'll learn

There is only one way the Tullow share price is heading with $575 imminently coming their way. Reading comprehension seems to be his problem so I am happy just to highlight things in a Snellens test type format.

ALL HURDLES HAVE BEEN OVERCOME

SHOULD ONLY BE A MATTER OF DAYS

OR WEEKS

TO CLOSING THE DEAL.

Should have gone to Specsavers.

You had better put some hefty margin into that account.

We know its coming now for definite.

The only noobs are the ones that fail to realise that City institutions don't sit and trawl bulletin boards. They react when the RNS comes. Now what might their reaction be when a certain Ugandan asset sale complete RNS drops.

Thank you though for taking all that invaluable time as a non holder and for posting your clearly altruistic thoughts.

Fortunately people are well capable of reading the Total Ugandan General Manager article for themselves and understanding the significance.

If you want to pass your shares on and miss out on what looks like substantial further gains when the news drops and the City get to hear then that is your choice. Just don't come moaning if it hits the 30p and higher.

Make no mistakes about it this is terrific news for Tullow and all the stars seem to be aligning for once.

Things have only just started to build again.

I see we are now making it into the toplists.

It won't be too long before the wider market wakens up and FOMO will kick in.

Being completely honest it should only keep building until it completes and 30p must be realistically on the cards for it wasn't that long ago it was trading at that level.

Tullow's share price wasn't just deeply oversold, it had shorter assistance. The Total Ugandan General Managers comments though have promptly nipped that in the bud and we should see some fairly good short squeezes to come as momentum builds as they will have to cover or it will cost them dearly.

For once the PI's get a chance to load up before the RNS drops and the further fireworks appear when those in the City realise that Tullow are steering the right course.

So much more to come.

+ Further $500M asset sales being targetted.
+ Q3 results about 2nd week in November with Oil, per barrel selling at roughly twice Q2 prices.
+ 25th November for Capital Markets Day and the new CEO's review and new road map to maximise value from all the assets gets unveiled (Interests in 70 licences across 15 countries)

I know that OohAhh that was me just interpreting "in a matter of days". I have absolutely no problem with it extending a little bit longer and the sp climbing further beforehand.

More upside potential on Tullow now than the converse and happy with my top ups.

It also pays to keep your finger on the pulse Covid wise as a vaccine should return most stocks that have fallen since January back some way to those previous levels. The Pfizer / Oxford Uni vaccine looks like it should get approval in December. then economies can return to normal and demand for oil should rise thereafter.

https://www.dailymail.co.uk/news/article-8852929/SAGE-expert-says-light-end-tunnel-predicts-Covid-vaccine-ready.html

Should see the economies fire up again and get back to full capacity and its just my thinking but most stocks that have fallen furthest should return to pre-Covid levels.

That's a pretty impressive sight.

https://www.dailymail.co.uk/news/article-8852929/SAGE-expert-says-light-end-tunnel-predicts-Covid-vaccine-ready.html

Don't forget that we are market cap'd at only half of the Ugandan assets sale.

Interests in 70 licences in 15 countries
Pumping 75,000 barrels per day out the ground
60% of that we get $57 a barrel on.

RBL debt test just passed
$500 of headroom there before Ugandan proceeds hot the balance sheet.

What is not to like !!

Is that the date we are working to.

I think now we know its nailed on we can all buy, sit in the stock and chill whilst it catches that momentum wind.

A vaccine will mean back to normality for all and for economies and should feed through into the banking sector. December is what they seem to be saying now and I for one intend to use the intervening time period to pick up several recovery potential stocks that are sat about lows.

https://www.dailymail.co.uk/news/article-8852929/SAGE-expert-says-light-end-tunnel-predicts-Covid-vaccine-ready.html

Read what I said not on debt and on the serviceability of debt being the all important factor. RBL just passed. It is therefore you that is the one embarassing themselves.

Tullow with $575 Million coming its way highly imminently will be in a far better place than it is without it.

£224 Million is just simply too low an sp. Ridiculously so for all the assets and other going concern aspects of the business.

Don't hang about too long in the morning with your decision or it might prove costly for you.