Member Info for Phoenixy

Slift, your comment -
‘So was £120m Market Cap a fair price in 2020 March when the company was certain to defaulting on covenants? ‘

I think you have answered your own question. The shorters and many others were probably thinking that Tullow will default last March, but like you said they had hedges and cost cutting in place. So, how was it certain that Tullow was going to default when they did not show all their cards.
Likewise, we don’t know what cards Tullow are currently holding so hard to predict the future. I personally think Tullow are looking for a better refinancing deal, hence the delay.

Apologies in advance if I have misunderstood!

If this is pumped to higher levels, wouldn’t the dilution be to a lesser extent, resulting in greater returns in the longer run? Arcm is irrelevant as their shorts will be replaced with equity at a higher price, again less dilution?

Noted - nice to have sensible and relevant posts. However, I don’t think that’s an ingredient to make money.

Check out wallstreerbets forum in Reddit- zero analysis, full of swearing, repeated idiotic messages, etc. Yet, they are almost 1500% up in the last 4 weeks with unity as their main force.

What a turnaround it has been today! Well done to all who added, and to those who kept their nerve and held! Are we seeing the beginning of some squeeze?

Even the fear created by GME bulls could act as a deterrent for the ones who are thinking of shorting. ??????

Once the positions start closing at GME, AMC, BBB they may target or are already targetting other highly shorted companies. After all what do you with all that cash. The Redditters are not after making money, but taking on the hedge funds who have ruined lives of many retailers.

50k shares bought at 23.50! Holding 200k shares now... let’s see some short squeeze now!

I like this stock!

I may have missed out on making money, but not missing out any fun seeing shorters being burnt so badly! Lone live the longers!

The journey from $45 to $50 took ages, but from $51 to $60 (if we get there) has been quite swift. At this rate, brent could knock $70 by Feb-March if that’s what brent is eyeing for.

The journey from $45 to $50 took ages, but from $51 to $60 (if we get there) has been quite swift. At this rate, brent could knock $70 by Feb-March if that’s what brent is eyeing for.

Lol Rookie

Markets know better than anyone of us. They look at future - not what has happened or is happening. Who in this planet predicted -$18 pb when the crash happened last year?

With Saudis cutting production, Europe opening soon, asia looking good, and vaccination being planted in human cells left right and center, there is only one way for oil price which i think is upwards with small declines every now and then.

Just enjoy the ride if you are in it.

Probably, the only 1 in the planet akin to you or is that you?

Read this -
https://www.healthline.com/health/how-much-water-can-kill-you

Not dunk, but drinking water more than 1l per hour for few hours could result in death.

I prefer alcohol!

Pictet reduced their short position by 0.19% yesterday. More to come on further oil price improvements and/or any positive updates by Too-low.

More interested in closing price than opening price.
But since you have asked, i will say roughly 5% rise to today’s close, so 23.9p.

Thanks insider01

Tony should have added ‘Subject to shareholders approval’. It’s not given, right?

18% up from last Friday’s close!
Might have another good run next week followed by Santa rally, let's see!

Good weekend all!

TLW have assumed oil price being $55 pb for years 2022-30 at production of 80k. This would result in net debt of $1billion to $1.5billion by 2030.

With multiple vaccines now in place, rising oil demand and OPEC trying to control oil price turbulence, I believe oil price could be much higher by end of 2021. I admire the conservative approach adopted by TLW as it ensures survival.

However, if the average oil price stayed at $65 pb for the years 2022 to 2026 with average 80k production (as per CMD presentation), we would be debt free by end of year 2026.

So, basically the future looks very promising if one can resist the temptation of taking small gains. This could be a multi pound share in years to come..IMHO

Small rises are fine so long there is no ugly RNS that drops the price by 70% in a day (referring to last year shambles)! I hope lessons have been learnt thoroughly, and it’s onwards and upwards from here.

And, shorters need to hold on to their knickers ... imho!