Member Info for mattwales

We'll get transparency of their business plans and hopefully an inkling of where costs are/trading update.

For me next week is a major event what OPEC decide to do next week impacts the price of oil.
Confirmed delays should see a rush for all the available cheap oil (which is probably already happening)

acker do u see this drifting back to 0.02 like last year due to no news, lack of cash and a need to Consolidate (issue shares)?

acker, it looks like MNH needs additional money thrown into it and has been hinted at to expand operations.

Jan they also need to pay themselves in shares.

RHA he needs cash, gold he needs cash.

Of course he will try and consolidate then have to build billions of new shares.

Circum was a non event till Potash prices recover anyway.

Tullow will be able to re-establish dividends....they were paying approx 5.4p (about 16% at current SP)

Obviously in the short term Tullow will be focused to redeem the convertibles next year.

just think how you will feel when Brent is $60 next year

buyers buying 2.5 shares for everyone sold.

Confirmation of OPEC delays supplying the market till the vaccines are out and its all over for anyone short oil or oil shares....we'll know that next week.

still low SP....shorters have to buy back around 9% of the shares at some point.

with hedging they'll be making around $51 a barrel on $35 overall costs.

Lets hope CMD shows a few more cuts even a $1 cut works out approx $28m profits.

as soon s OPEC confirm delays it'll shift focus to investing in oil shares.

to be fair today more sellers than buyers but marketmakers all happy to take the lot of sales and mark higher.

OPEC delay will mean all the oil traders will eye up march etc futures.

added to this USD 2021 will crash as all the hedge funds leave treasuries to invest in emerging markets again.

of a vaccination rolling out globally early next year and a likely OPEC delay till that vaccination rollout surely u'd be looking at closing and going long.

moment brent breaksout of $46 high its going $50+.

needed globally just for vaccinations....the delivery people, driving for vaccinations etc

then the boom in demand when everyone is

realistically, with all the work tullow have done reducing costs the company are in a much better position than June where they hit 38p. at least $5 a barrel cheaper costs than then.

opec meeting delay confirmation and brent could seriously breakout of its holding pattern.

it matters what opec do....there were even russian murmers to cut supply in earlier stories.

https://oilprice.com/Energy/Energy-General/OPEC-Expects-Oil-Market-Deficit-Next-Year.html

opec cant have a repeat of 2020 they need normal prices asap or they go bust.

despite $500m coming in havent helped.

I dont think analysts realise they threw the kitchen sink at writedowns and redundancy/restructuring costs in the last results and have cut the majority of their workforce. Q3/Q4 should see them returning to profit despite ongoing cost cuts.

210000 bpd but declined 15000 bpd with a pretty steep production drop and large decommissioning costs forward similar debt to Tullow.

Tullow 76000 bpd £366m and better hedged.

Now im not suggesting we should be a third of the value of post PMO but PMO post RTO at almost 11 times the value of Tullow is extreme.

if u analyse everything from where Tullow was in June at 38p they are in a far better position after declaring more cost cuts and with the $500m in the bank. 25.84 really is so undervalued its stupid.

i wouldnt worry i feel we will get the double whammy of shorters of the main Oil market buying back followed by shorters here realising if they dont buy back now they will be at 40p.