Member Info for MaverickD

Buying this dip - shaken out ones will prob regret it…….JMAX could even be buying now lol

Along with production enhancement at Jubilee - looks like what we expected with some green shoots

Almost 200k in buys in the last 25mins

Accumulation at these levels could easily see this bouncing higher come Wed…..in it to win it I guess

@JMAX I’ve learned over the years never to worry about other investors positions - we can all call things wrong and regardless what someone sold or bought for absolutely nobody calls the highs and lows perfectly. Gloating isn’t a great trait in trading

Expect a climb from here based on the Kosmos read across and the the Gabon sale and payment being rubber stamped for $307M

@Anton agreed, but I would imagine that we will be able to get very close to $70 hedges and that’s an improvement on the ones that expire. Driving season right now and with the geopolitics oil can easily swing strongly upwards

The higher hedges are certainly helpful would be nice to get closer to $70, which is achievable with the geopolitics right now

Production from Jubilee addressed - the reporting period reflected nine days of scheduled FPSO shutdown due to riser instability, which has since been addressed with riser base gas lift. Production to be ramped up and it would seem any hedges that we apply will be circa $66 plus from the ones that roll off

Should hopefully be a bottom rebound as we eagerly away our half year update next week - Wed I believe

Should see a strong reporting period, with the details of Gabon payment wrapped into one. Oil has held firm at circa $70+ and as they say every little helps.

Update next week I’m confident at these levels and buying

Plenty buys but going under the radar due to the spread and actual offer price. I firmly believe we will be significantly higher, Gabon transaction receipt of payment and news on new producing wells plus oil at 70+ is fantastic for Tullow. They had priced in 65 dollar oil, so current prices will have a positive revenue bump

@xxnjr the Annual Report actually stated: "We continue to advance our plans to refinance our capital structure during 2025 which, coupled with our cost optimisation programme to realise c.$10 million annual cash net G&A savings and a continued disciplined approach to capital allocation, will lay a solid foundation for future value“ Not sure where you got June 2025. New debt will be $1.1b

Oil under pressure, TLW edging higher - blue right now

@Foggthemogg how is the egg on my face TLW in the blue still despite oil being in the red - will see what happens should oil head back upwards. And just to be clear I hold 50k that cost me zilch, so I’m not really ever going to have any egg on my face.

Tullow’s share price forecast by analysts have a consensus target price of 34.32p, so an upside of 100% plus. We have SPA confirmation now and when the Gabon transaction completes I don’t think we are buying these shares sub 16p. My views only. I was here when debt was 3.9 billion in 2019, debt should now stand at a whisker over 1 billion now. No doubt in my mind that the debt would not be refinanced over the next 12 months and with that I think the shares represent value. The bond price also supports my view, trading at Circa 90c to the dollar

Gap up tomorrow - good luck buyers

Doubt it will be flat - no need to guess just wait 2hrs 40mins and we will know

Is that a tick up on the bid? Looks like they are paying 2.25 now and selling at 2.33

Brent now pushing 70 dollars should see this creep higher…….bargain right now