Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Are we all watching?
:)
I'm sure this has been posted here?
https://www.businesspost.ie/companies/spanish-hedge-fund-spends-ps7m-to-boost-stake-in-tullow-oil-8c66939a
Like I said, seems to be true, Tullow has more going on these days, Slift. I think ECO will be 'active' in/about 9 months from now.
Lol @ antharry. True.
WTF?
https://oilprice.com/Energy/Energy-General/Have-Oil-Majors-Given-Up-On-French-Guiana.html
"Those results are a bad omen for the detection of commercially viable quantities of hydrocarbons that can be extracted from the overseas French territory’s territorial waters. Recently, there has been a significant volume of poor drilling results reported for wells completed in the Guyana-Suriname basin in neighboring offshore Guyana and Suriname."
We don't see that tone of voice often... in relation to the area.
Soder, I think you are a bit to pessimistic on Tullow. Let's see what Suriname brings...
Davwal,
"ECO tends to drop back."
That is because we are 9 months out at least to some news/action, at least. With Tullow there is a lot more going on right now these days.
Slift, in a nutshell:
"That large resource base is Tullow’s Ghanaian acreage, where the company has produced just over 400Million barrels of oil (gross) from 2.9Billion barrels of oil in place (c.14%). This plan, alongside a rigorous focus on costs, is expected to generate material cash flow ***over the next decade***, which the Group anticipates will enable reduction of its *current debt levels* and deliver significant value for its host nations and *investors*."
https://www.energymixreport.com/tullow-counts-on-ghana-to-lift-it-out-of-debt/
Slift, In a nutshell:
"That large resource base is Tullow’s Ghanaian acreage, where the company has produced just over 400Million barrels of oil (gross) from 2.9Billion barrels of oil in place (c.14%). This plan, alongside a rigorous focus on costs, is expected to generate material cash flow **over the next decade**, which the Group anticipates will enable *reduction of its current debt levels* and deliver significant value for its host nations and *investors*."
https://www.energymixreport.com/tullow-counts-on-ghana-to-lift-it-out-of-debt/
Tullow's share price potential these days, imo, is all about getting control of the debt, in the minds of (large) investors. Once that firmly happens... I see (fwiw) a solid price around 70-80 p.
If I look at the position of Suriname block 47, I don't expect them to find oil there. There is a clear line where the oil is located, from Guyana in the direction of Suriname. Block 47 looks a bit to far north imo.
But again, TLW will be about getting control of the debt, imo. Once they (seem to) manage that, it's drilling the Cretaceous Kanuku and Orinduik prospects next year, and find oil probably. Imo.
Slift, I'm invested in both. But I don't see ECO do much for the time being. At Tullow there is more short term potential because simply there is regularly news and developments... ECO can only wait, for next year.
Yes, Slift, you sold Tullow and put it in ECO.... we know. lol.
We probably see TLW fly now soon, and ECO in a about year... :p
TornadoTony,
"I have closed my Tullow position. Planning to quit the equity game later in the year. So far I am 67% off market overall. Closing out one of my best year's results despite not making the best decisions on Tullow. I am running with just a handful of investments and have target exits on all those. Its a cheerio from me on this board and all the best with all your investments."
A bit strange to exit Tullow at this point, isn't it? Despite the latest rise in share price, effects of Rahul Dhir's new path to profitability still need to come to fruition, right?
Strange.
https://oilprice.com/Energy/Energy-General/Fossil-Fuels-Arent-Going-Anywhere.html
"Fossil Fuels Aren’t Going Anywhere"
Yes James, I think it's gonna take some more time before any action starts.
Slift, don't stop on my behalf. Just prepare for the best, and hope for the worst...
Quote:
"But I always prepare for the worst when investing rather than hope for the best.
I'll stop posting here."
Slift, appreciate your posts, but a bit biased now to fit the own agenda?
Just thinking out loud. lol. I don't think there is a chance of defaulting here.
"This time, similar scenario"
Did you see this news: https://www.thearmchairtrader.com/gamestop-gme-stock-short-trading/
Tullow shorters... beware.
Lol.
Regarding shorting, did you see this news?
https://www.thearmchairtrader.com/gamestop-gme-stock-short-trading/
Beware, Tullow Shorters... :p
Lol
Already posted?
https://oilprice.com/Energy/Energy-General/Ghanas-Political-Meddling-Could-Derail-Its-Oil-Boom.html
Could...