Member Info for Mrd5432

Ophir went for 73% higher than the closing price.

80p would suit short termers. Nav of 130-160p. It would not suit us long termers.

80p yeah ok whatever go away man. Just proven nonsense. Just because it wont rise today.

I have deja vu to when I was a premier_oil holder. But eventually there was light at the end of the tunnel.....

So now we need oil up production up ftse up to go up. Nice. Anything else!

Yes but we need it there for awhile not just a spike. Even if it maintains $70 for a few months thatl be very good for us.

With oil on the up. 116p is too low too cheap. They had cash flow at $150 million at base case of $60. If that base case turns to $70 then free cash flow is at $250 million. If at $100 then $600 million free cash flow. Come on Iran drones on USA shale targets hit trump where it hurts oil.

And tullow is not for sale. However if offers came in above nav they would have to put it to shareholders. Nav ranges from 130 to 160 depending on what scales you use.

Rather than a quick takeover at 100p we would rather have a slow build to where this has been for the last 5 years. Between 140-260. Plenty of mildstones to hit. Uganda kenya. Either sell them or let them add to bpd. If we not going to sell them then 2023 they will add 50k net to tullow so dorothy should be able to say oh yes I forgot about them 2..... if ghana can be improved 70 +50+ ghana improvement. Guyana might hit now that theyl only aim for cretaceous targets. Peru is another wildcat but could get lucky. Oil could get to $100. Who knows... right now its all to work for I say no to 100p. I want minimum 150p. Maybe even 200p for the pain.... 200p will take awhile. What took 2 months to drop may take 2 years to recover. Unles we strike a billion barrels somewhere.... and tullow is always drilling so who knows. Even when its not got as much money its still going to drill in peru and Guyana this year. So ppl worrying about cash flow can relax as all they have to do is stop f in drilling everywhere. Im sure we can sell our stakes in guyana to qatar. Our stakes in uganda to total/cnoc. Kenya to total. Easily making debt repayable. This will be back to 200p. Id rather it be asap but most likely will take about 5 milestones and 3 good updates from the company. So all in all minimum 9 months to 2 years.

Think tullows already hedge for awhile. Its got 60% protected with a base off $56 but upside depends on world war.

If oil stays around $65 in 2020. That increases free cash flow to $250 million from their base case of $60.

It will but to counteract oil has to stay here for long time. When has oil ever stayed high for so long.

Uganda and kenya and jubilee and ten and the rest sell them all. Return to us whats left. 100-120p.

I agree. I think you are right. But we still not priced at 75-80kbpd we are priced at 70kbpd. They need to sell uganda or go ahead with it. Either way $1.4 billoon is stuck there

Noggers im guessing carapa guyana is not tullows main idea to follow thru. Im guessing first its cut backs. Raising bpd. Its not an aim stock. Its not going to come out and go on about carapa... they did that with jethro an joe.

This is trading at 70kbpd yet this year its 87kbpd. Next year its 70-80kbpd. They have a whole year to improve on that 70kbpd mark from 2021.

We are just impatient as we see oil rising and other oil stocks rising. Imagine if they come out on updates saying production better than previously said

Noggers in their defence they said they will let us know 15th of jan and a full update 12th feb.

About 8 years ago gkp made a deal with Deutsche bank. To keep share price at 100p. And it was legit. They kept it at 96-102 till they finished was rns and everything.

Thunder all il say is eventually we will see 144p+ when the powers to be let it until then we are at their mercy