Member Info for MaverickD

MMs are filling some rather larger buy orders

Price will be heading higher, I think there is some news that has perhaps leaked. Seen this twice before - once when Licence was awarded which was way back in 2012 and then again in February 2017 - on both occasions I made a pretty penny. The potential is huge here and I think a number of people have picked up the volume change here!

Could easily see this up 100%, undervalued at present and the 6th or 7th biggest Nickel mine our asset! Major re-rate likely

Volume picking up - news leaked?

Filled at 1.08 now need to see how we get past £1.20......Mitaq has been adding aggressively, so the move upwards could come pretty quick

Larger orders taking the shares, assume this could be Mithaq again

I do hope some were able to load up - MMs picked a few pockets

Gap filled from the late move yesterday this is looking like it will make a significant move upwards - lockdowns lifting and carriers now looking to re-start operations. Also saw a piece on how they are using their distribution network for food delivery.
Following the next move up - would like to see how this overcomes £1.42 and then move towards the £2+ mark.

Saudi Arabia are hell bent on getting WTI to $45-50 and are making deeper cuts to help rebalance quicker. As oil consumption increases, as it has for the last couple weeks expect draws or smaller than expected builds as countries have been buying and using floating storage - think India and China have done this.

Nicely positioned for a bullish move!

Yes the unhedged 40% will bring in $56M since last week - so that's circa $11m increase per $1 dollar rise in Brent for TLW.
Like I said last week we could see oil overshoot to the positive, so I am expecting TLW to amplify this positive move.

NAV hate to say it but the seller is still there - seen a 250K and 100k sell and the mms are dropping the offer - suggests someone feeding the market again!

Hate to disagree, but the SP should be over 40p right now. Just some re-positioning going on, but this will break upwards fairly quickly this week.

Just watching it and looking for JPM - may have one last unload - difficult to see if the MMs are suckering people with the bid.

Well think of it like this - every $1 increase in Brent has a $27.35M positive impact on total revenue. The increase over the last week has added circa $140m. Need to take a percentage of that figure as 60% is hedged, so 40% of $140 is $56M.
As they say every little helps.

Well it has acted as a support - its at 17.5p and bounced from 16.5p.
If you want them cheaper just say that rather than rubbish like will the 16p support hold when we are higher than 17p and had 3 buys for 90K filled at just over 17.14p.
Trend is up, leading to the next piece of news re: Avion and further potential partnerships.

You are not the only one some large buy orders filled at 24.9 it appears

Brent is almost at $35, but think we may well see a run to $40 before Wed EIA data - I can see a big rebound and re-rate here.
Also hot off the press Kweku Awotwi retiring end of next month and Wissam Al Monthiry taking over the reigns as MD of Tullow Ghana. Rahul Dhir is shaking it up at the top.
I would anticipate he is negotiating the sale, or farm down of our Kenya assets. In this environment he may be able to get an improved price to the anticipated $400m.
In addition we may well also be getting an update on improved production rates that will top the 80K.
A lot to look forward to!

400k buy order filled - WTI and Brent heading higher - should see TLW breaking out. This should be a lot higher, so took the opportunity

I think you are getting in at a very good level, MMs won't let you have these cheap - appears that large buy orders are being filled. Traders and the weaker holders have been weeded out - not sure they realise the potential re-rating here.

Orders worked - 3 buys of 90K just gone through at 17.1p. The MMs won't let you have these on the cheap - Avion and additional partner update to come and obviously Eureka news last week. Consolidating and then watch the MMs mark this up