Member Info for Longish

…….'The final Guyanese drilling target of the year is now more crucial than ever for the company’s exploration campaign and the near-term recovery of the share price. The Carapa well currently being drilled is the first in the Kanuku block, split between operator Repsol of Spain (37.5pc) and partners Total (25pc) and Tullow (37.5pc), and the first to test the Cretaceous play—both Jethro and Joe were found in the Tertiary.
Tullow says around 50pc of prospective resources across both the Kanuku and Orinduik blocks are located within the Cretaceous, indicating that the well is likely the most important of the year. A report from US investment bank JP Morgan highlighted that the oil quality is unlikely to be an issue given the light oil discovered in the Cretaceous at Liza. The rig at Carapa began operations one month behind schedule, but the partners aim to conclude operations before the start of next year.'
https://www.petroleum-economist.com/articles/politics-economics/south-central-america/2019/tullow-s-last-chance-saloon

Q4 div has been declared but has to be approved (I think) at 5th Feb AGM

LoL now you're showing off

Thankyou Si_D

LordTrapper, LoL, the fool recommends something everyday. By the end of the year they have recommended buying and selling everything. 20 years ago they were 'free' advisory startup... but now they are selling a subscription service underpinned by daily marketing imo.

Perfect. Old CEO lost his leverage and now we have material influence. Waiting game now..

DBNO
'Oil Rally Sputters as Disbelief Grows Over U.S.-China Deal'
The UN failure to agree carbon reduction targets for another year means fossil fuel demand is not capped. While the article links 'immediate demand' to the price of oil, I think it is all to the upside as the global economic growth rate bottoms out..imo

UN didn't manage to agree targets at weekend on cutting carbon of which >70% is fossil fuel demand, so demand for oil is relatively unconstrained for another 12 months imo

They bought 5,175,800 @ 67.80 so I am guessing we finish above that

at 11.33 someone bought £3.5m or was that something else?

A lot of buys...needed sellers. Topped up this morning

Hi Mrd
' I wouldnt be surprised if dorothy upgrades production for following years in jan'
That's exactly right. FY performance is fine. Its the production upgrade/ forecast, trusted management team and an analysts model under Dorothys governance now. I worked in the industry (long time ago) and the forecasts are best estimates and move up and down in short time, often politically driven imo

Crikey, with £/$ I thought it was going the other way. Nice finish, Woohoo!!

https://www.fool.co.uk/investing/2019/12/12/imperial-brands-trades-near-52-week-lows-is-it-a-buy/

VOD cut its div and the SP is back down at 144 today so capital losses plus div loss.
IMB div is a differentiator to the rest of the sector and I think a cut would crystallise capital losses. Anyway. even if was a cut, a new glide path wouldn't need to start until Q3 next year. We should have news on a CEO and regulatory clarity in that timeframe. If both those are positive, wouldn't want a div cut as a headwind to recovering capital losses

£ weakens and $ cash flows worth more

Think its just price consolidation before the next move. Bit of a shake out of technical day traders imo

'PE ratio is a load of nonsense off the back of a 70% drop.'
I agree. I get to £1 based in an earlier post on valuation

'So where is our 72% rise.'
Maybe some of it is in Aramco... 60p looks like an industry average PE and a line in the sand only

LoL not as depressed as LTHs
Think this will move up 75 or 80 once 60 firmly broken. Then a good RNS will take it higher