Member Info for PANG

at 50 miles in 2 hours, which country do you represent in the Olympics Marathon

A prime example was when the banks started selling their buildings, in early 2000, and leasing them back. That when i jumped out of AIBK at a loss.

I think this strategy, if correct is reffered to as "Harvesting Mode". Sell off what you can without increase in spend and get a buyer for what left.

Have done a bit more light reading research, after reading Phoenix article and have come to the conclusion that the BOD have hidden agenda of sale of company. Not in short term, more like late 2022 early 2023. At that stage Jubilee and Ten should have higher output, Suriname will have been developed by larger players so TWO licences will be sellable. ( Thats dependent on Frances 2040 rules on development in the area ease). At present debt levels do not see TWO buying any licences for future development, so they are heading to be a producer only, so become attractive as a take over.
Pure speculative view without any finacial basis

There is an interesting article in this weeks Phoenix Magazine (Ireland). The writer proposes that the BOD have taken the safe option in all its decisions. The article proposes that they should have sold off the Jubilee and Ten Fields which should realise enough money to pay all debts. TWO could then return to its roots as a Exploration and Development company.
I am not well enough informed to either agree or disagree as TWO is only one of my Punt investments so i do not do much research on it

Still some growth I hope, however have to keep i mind the refinancing dilution done during pandemic.

Always felt that in the majority statistic are like a drunk using a lamppost, more for support than for any light it shines on a subject

Did not know we had so many medical men contributing to this forum. In my innocence I though we were only here to talk about BP

Sorry big finger error

Article worth a read
https://uk.finance.yahoo.com/news/2-reasons-why-think-marks-081254428.html

At least this accident has left us know where Dell Boys Uncle Albert went to work after the show finished

Are Glencore going to face more fines, every time the recovery seams on the horizon another scandal appears. If they recover over £3 i think it is time for me to get out after some 5 year of holding.

https://www.bloomberg.com/news/articles/2021-02-24/former-glencore-director-says-he-flew-the-world-with-bag-of-cash

What value puts us at risk of exit from 250

https://uk.finance.yahoo.com/news/m-doing-tullow-oil-share-130414638.html

Yes great performance. Great hope for the future of TLW. A Lazorus type performance

Has anyone any idea whats happening with POO.

https://www.energyvoice.com/oilandgas/africa/307033/tullow-ftse-250-share/

What happens if the owner of the borrowed shares wants them back so he can sell them

In Ireland it is 33% of everything above 2700 euro. (1350 Euro if single).

With DOW and Oil both up in NY, we again see BP down since London close. This week I It seems to me some big holders in NY are lowering their holdings. We should be higher.