Member Info for latpulldown

There was no reason for the fall last week and NETW issued an RNS at the time stating exactly that which was then accompanied by several Directors buying and to add to other recent Director purchases. In all probability it is the market makers playing games for stock or to instil some trading.

The same RNS that stated "no reason for the fall" also pointed to a Q3 trading update on the 4th November which should confirm continuing increases in transaction volumes.

It looks really cheap right now and having had it on my watchlist I took a 1st of 3 intended buy-ins this morning. Two more to come if the opportunity presents itself.

Another day closer to $500M sale proceeds from the Ugandan assets and a further $75 Million coming our way thereafter on FID.

Let me just point out a really glaring anomoly which shows how Undervalued Tullow Oil is presently.

The market capitalisation for the full company is only £230 Million (No I am not joking !!)

How can the full company be valued at about only 1/2 of the value of what is only 1 of the groups assets. Simply astonishing !!! Further $500 Million of asset sales to come and a company producing roughly 77,000 barrels of oil per day etc etc

If I was in charge of Total then I know what I'd be doing.

Its the simplest way for Big Oil to keep increasing their production and maintaining growth.

From the first paragraph of the half year results on the 9th September.

"We are also close to completing the important sale of our interests in Uganda."

RS2002 just watch yourself here. I don't hold now as sated but wouldn't like to see you lose a lot of money.

The results were poor and everybody was willing for stronger words than "steady" for cinema attendances but the attendances just weren't there.

The price imvho is being raised yesterday and today for someone to sell into and to readjust their holding (probably MS or Jangho) and there has become a sudden unpredictability about this stock that I don't like in investments.

Macro wise yopu have studios now delaying releases and I will be very surprised if there is not a 2nd lockdown. Trying to negotiate debt coveneants when you may actually need to rsie more money is never a good thing.

I could be calling it wrong but it looks like a high risk investment right now as I just can't see the new James Bond film being released this year. Black Widow and West side story being delayed are probably good benchmarks.

Its probably because the price of Brent crude is rising again and there is a cold snap just beginning to hit.

So on goes the heating and that will signify the first time its been turned on for many since Spring. Up then goes the price of domestic heating oil as demand rises and to take advantage of those who need to fill their tanks. It always happens.

Still pumping it out the ground at $57 per barrel, hedged, on 60% of our produced oil.

To sell out yesterday on a false rise.

To sell out yesterday on a false and I won't be buying back until the Covid19 picture becomes a lot clearer or if I see any tempting treeshakes.

This para at the start of the results and in the outlook section says it all and I think there will be both 2 week circuit breaker lockdowns and delays to new releases and therefore the follow on will have to occur (fundraising / liquidity)

"· There can be no certainty as to the future impact of COVID-19 on the Group. If Governments were to strengthen restrictions on social gathering, which may therefore oblige us to close our estate again or further push back movie releases, it would have a negative impact on our financial performance and likely require the need to raise additional liquidity. We have highlighted the potential impact this could have on the Group within our going concern statement in this document"

Getting $57 per barrel on 60% of that production.

Ugandan assets sales we await.

News of further asset sales we await.

Nothings changed

You don't need to watch BP. by the minute and the hour. BP is a big fish that still generates a healthy dividend return and it wuill get back to previous highs in a year or so

The share price imvho will have increased much further by the Q3 results update and dividend announcement on the 29th October.

In fact most stocks across the Board have now turned blue and PMO are up 5.25 %

I am tempted to scratch my head in wonderment

Nice to see most of the fallers from the other day all making healthy gains today.

The Footsie 100 itself up 121 points and just over 2% as well

Now fully out and I thank the MM's.

Watched a concerning depleted holding recently but held and since it has risen again on virtually no news or volume and Covid19 re-emerging in the background I am not risking it into results.

The way investment funds like Morgan Stanley and Goldman Sachs and the market makers have been playing this stock there will be ample further opportunities.

We now know that we have it and its onwards to the resit of the Planning Committee meeting on Loxley / Dunsfold. There should be substantial value added this time around.

https://mycouncil.surreycc.gov.uk/mgConvert2PDF.aspx?ID=68181

If we get the other side of 50p today then I will probably alight the remaining 30% for now.

Today's rise is imvho a false rise with no news to back it up.

With a heavy heart I have decided to alight 70% of my holding at very good profit and not being greedy. There is no volume at all today to support the share price rise and it is being ticked up by someone without the accompanying sentiment.

The risk of a 2nd lockdown and film release delays are at the forefront of my mind and I am uneasy for now on the landscape between now and the year end. There are also plenty other stocks out there offering less risky value at the moment which I have switched some into.

Best to those stalwarts remaining.

Still pumping oil out of the ground today and just as we were yesterday and the days and weeks before that and getting $57 per barrel on 60% of that. Not many oil companies out there that can claim that.

News on Ugandan and further asset sales awaited also

Indeed no lockdown so no reason for the last few sessions falls. Start of teh reversal today.

Somebody today btw got thesmelves another 10 to 12 million shares imvho.

There is nothing in what he is saying now in terms of new restriction that will stifle the sale of oil.

In fact the emphasis is on keeping businesses operational

Worth picking up on the news if you can get access.

I think we all know that you will be paying 18p / 19p tomorrow.

Somebody is definitely picking up stock again.

Come back and tell us your biggest regret when we are back at 23p and 30p.

You need to adopt a more panoramic view to investing than being insular and myopic. Either that or turn the lights on when you are reading.

You already missed 10% and more gain this morning and you will miss that and more again imvho