Member Info for Longish

So its pass the parcel, swaps. Last one holding pays the bill but doesnt actually have any oil or storage in the real world. Is that how it works?

In the real world oil real oil and real storage make good money but storage really is running out.

Was talk on Bloomberg of floating storage and railstock to expand capacity.

RD, Goodbye and goodluck

Bernie, in the strategy doc 27th march they say they did $60 jan and feb.

If we sign a fid, probably including partial sale for reinvestment in the project. What impact does that have on the SP?. If it guarentees, c$20bn revenues over 25 years, that must add a couple of pennies to the SP?

Nice post Slift.
Think Revenue in line too. Expect $60 average in Q1.

TLW has done the right thing leaving it in the ground and cutting production. Avoids $33 bl cost.

No messing about in a c level exec role

Horses for courses. I am accunulating and hedged daily..
https://youtu.be/t6wjCcWC2aE

Cash ready. Dont miss it

LoL rhey are not shorting themselves. They dont control the SP either. The news is to build trust with investors not day traders

..not good for small oilies who arent well financed. TLW has got financial capacity. Others will fall before tlw imo

'$1.9 billion of debt capacity approved by the lending syndicate. As a result, the Group has c.$700 million liquidity headroom of undrawn facilities and free cash at the start of the second quarter of the year. '

'Financial headroom = $700m'
Yeah, can be patient with this. Can guarentee once trust is rebuilt this guy will exploit a wealth of commercial opportunities and also has an investment banking background. Long term hold imo

Priced in for day traders maybe but not for value investors. Can believe we will see $1bn portfolio iniatives being delivered. That will be his objectives set by the board

Looks good ceo..
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/TLW/14509526.html

says declines in oil prices are very short term....Financial squeeze. 'Its a great time to buy oil. We want congress to approve' he said

May -14.30
Jun 20.98
Jul 26.88
Aug 28.82

May -33.97
Jun 21.03
Jul 27.30
Aug 29.41

May contract
Got to 30 April for that to develop i think

Some of the leverage oil etfs have closed recently because they triggered swap counterpartiy clauses if drop >20% overnight multiplied up by the leverage eg 3 times 33%. All kinds of clauses will be triggered across alot of products..