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‘they will manipulate if at all possible to which ever direction they need to send people’

QT, what do you think their game might be?

Even for Tullow this is mad today, shorters, MMs throwing everything at getting the price down.

‘The IEA has increased its expected growth in oil demand from 2.2m b/d to 2.4m b/d in 2023 to a new all-time high of 102.2m b/d. In its new medium-term report to 2028, it now expects the global consumption of oil to continue to grow to new highs each year to 105.7m b/d. This could well be conservative as the IEA has consistently underestimated demand especially from emerging markets.

The world has been able to meet demand growth up until now, through the following:

sale of strategic reserves by the US and others;

strong production from US shale;

stronger than expected production from sanctioned countries including Russia, Iran and Venezuela;

and significant selling by investors on futures markets, reducing speculative positions towards ten-year lows.

As a result, prices have softened.

Policies that starve a sector of capital, when it is fundamental to the functioning of the global economy, and at a time when demand continues to make new highs – create significant inflationary risks.’

Looks like oil industry is going to turn around.

….’ UK-based J D Wetherspoon (GB:JDW) and Tullow Oil (GB:TLW) have gained analysts’ support with Moderate Buy ratings. Tullow Oil offers significant upside potential for over 75% growth in its share price. On the other hand, JDW, already trading at higher levels, offers a modest growth opportunity of around 5%.’

Well not a second Smarty, or a minute or a day or a week, but maybe a month or two and they will need cash to do that. I’m hoping not of course but it does happen.

I agree also, for all it’s worth. And if the majors know that they are sitting on a fortune, which they might do, they can scoop up the whole show by depressing the SP with lack of info and doing a buyout when it suits them and getting rid of us pesky PIs. I have alluded to this before here and it’s a worry, knowing the history. Hard to know what’s going on precisely but it’s not SP friendly, just have to wait….

I got an outrageous bill from my urologist …..I told him he was taking the pyss!

..a bit extreme today?

Or buy out at the present price?

I suspect that some shorts may close this evening after very large after hours trades on Friday. Big rise today too?

And from Davy brokers earlier today… We have refreshed our price target for the first time in six years. Our new target is 100p. This is based on a ten-year net present value (NPV) of $3.8bn less net debt at end-2022 of $1.9bn. This NPV is close to the level of $3.9bn that was reported by TRACS, which independently audited the company’s assets at year-end.

Looks very good indeed.

Bloombergs headline from earlier in the day ‘Tullow faces further setback in Kenya as Total, Africa Oil quit’, how much was someone paid to write that bit of misinformation. It will be a different tune tomorrow!

..what now?

1. Buy now they are cheaper than they ever will be.

2. It wouldn’t.

3. They do have capital but the can’t at the moment.

A good use of Tullows ample cash would be a buy back at these prices.

A good use of Tullows ample cash would be

‘has been assigned an average recommendation rating of “Moderate Buy” by six top research firms that are currently covering the stock……. an average twelve-month price target among analysts that have covered Tullow Oil stock for the past year is GBX 58.33 ($0.73), according to Bloomberg.com.’

Patience.

MAG you are talking Shyte and stirring it at the same time. We have seen it all before here.

I’m not sure that they found her on LinkedIn! ;-)

SP should be about 60 IMO.