The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
With over 9M buy orders exceeding sell orders, you just cannot make this stuff up!!
The MM's are still at their tricks, I thought that we were over those Tree Shaking games, obviously not, I bet that we see some very interesting shorting activity in tomorrows reporting.
oooh well Buy And Hold. GLA.
Happy,
First question to you is:- what is you current investment in TLW?
What is your objective by posting your considered opinion, you must have an agenda?
If you are soooooo content with you analysis, and you investment position, why do you feel the need to enlighten everyone else, do you need herd reinforcement. Take a position, sit back, relax, and watch your strategy develop and pay you the expected rewards.
We always welcome unbiased alternative, constructive argument, when it’s well intended.
Good luck on your financial quest.
Thanks RunnigMan,
So I guess they just keep on pumping in more money to maintain their bet, and if they cannot cover it, then they are forced by the broker to close it?
Exciting times, GLA LTH.
Good news indeed, we still have the luxury of that trade buy volume to come!
So genuine question to those who will know, When will the Brokers go to the shorters and make a margin call for them to cover their exposed positions? surely it doesn't just sit there as an open position ad infinitum ?
I believe that was the buys needed for the Shorts to close, looks like they got their shares cheap!
GLA.
Happy just for you! good luck with your shorts!
https://www.google.com/imgres?imgurl=https%3A%2F%2Fi.ytimg.com%2Fvi%2FuiKXfqDo5L8%2Fmaxresdefault.jpg&imgrefurl=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DuiKXfqDo5L8&tbnid=NwH46oLABKRIjM&vet=12ahUKEwjazZG0vKjvAhVCZRoKHfL3CrYQMygDegQIARBr..i&docid=vyGtZ-4dNPrJoM&w=1280&h=720&q=tom%20thumb%20the%20yawning%20man&client=safari&ved=2ahUKEwjazZG0vKjvAhVCZRoKHfL3CrYQMygDegQIARBr
yesterday was 5M extra selling of shares, and today it seems to be 6M at the moment, that's 11M shares that they have for the big event tomorrow, and maybe for the shorts to clear out? Any thoughts from the group? I believe that the MM are holding the price down deliberately.
Best wishes. GLA LTH.
Why are you predicting this price, what are your fundamentals?
Oil prices jumped above $70 a barrel for the first time in 14 months after Saudi Arabia, the world’s top oil exporter, said its energy facilities had been attacked on Sunday, targeting “the security and stability” of global supplies.
A drone attack from the sea on a petroleum storage tank at Ras Tanura, one of the largest oil shipping ports in the world, took place on Sunday morning, the kingdom said.
In the evening, shrapnel from a ballistic missile fell in Dhahran, where state oil company Saudi Aramco has its headquarters and near where thousands of employees and their families live.
While Saudi Arabia’s ministry of energy said the attacks “did not result in any injury or loss of life or property”, and a person familiar with the matter said no production had been affected, the attacks have still unsettled oil markets that have rebounded strongly in recent months.
Brent crude, the international benchmark, rose 2 per cent to a high of $71.16 a barrel while West Texas Intermediate, the US benchmark, rose by a similar amount to a high of $67.86 a barrel.
Yemen’s Iran-allied Houthi fighters claimed responsibility for the attacks and said they had also focused on military targets in the Saudi cities of Dammam, Asir and Jazan.
A Houthi military spokesperson said the group had fired 14 bomb-laden drones and eight ballistic missiles in a “wide operation in the heart of Saudi Arabia”.
https://www.ft.com/content/3a094943-5663-477f-96d9-13f230880b7b
Guys,
Just as we buy on the Dips, Shorters buy on the rises, and increase their positions in the belief that their gains will be bigger!
Positive reinforcement! Its better in the long term for us, what a great day! GLA LTH.
I'm considering taking another block on Monday, holding for the announcement.
No, It was a shake, I tried to buy 100K @ 46.43, and the contract was not filled.
Definite MM trying to fill a big buy order.
Roxy,
Thanks for sharing, I am happy that the Para 2. RISKS RELATED TO THE TRANSACTION NOT PROCEEDING, they are stating the obvious , and we are all aware of these risks, if the motion is not voted through. I am still content to Hold and ride the long term tide. This is a 3-4 year portfolio stock for me.
Cheers.
announced in its Trading Statement and Operational Update on 27 January 2021 that it had agreed with the lenders under the RBL Facility to an extension of the January 2021 redetermination date by up to one month. On 26 February 2021, Tullow announced that c.US$1.7 billion of debt capacity has been agreed between the Company and the global technical banks under the RBL Facility; this remains subject to approval by a majority of lending banks under the RBL Facility and, once approved, will be effective from 26 February 2021. The Liquidity Forecast Test assessment, which forms part of each redetermination, is currently in progress.
Tullow issued a Trading Statement and Operational Update ahead of its audited full year 2020 results, which are scheduled to be issued on 10 March 2021. In this Trading Statement and Operational Update, Tullow announced that:
• the Group’s working interest oil production in 2020 averaged 74,900 bopd in line with expectations;
• 2020 full year revenue is expected to be c.US$1.4 billion;
• capital and decommissioning expenditure for 2020 were c.US$290 million and c.US$50 million respectively;
• year-end net debt reduced to c.US$2.4 billion (2019: US$2.8 billion), as a result of US$430 million free cashflow including proceeds of US$500 million from the Ugandan Transaction; and
• pre-tax impairments and exploration write-offs expected to be broadly in line with the Group’s 2020 half- year results of US$1.4 billion.
Looking ahead to 2021, Tullow announced in the same statement that:
• the Group’s working interest oil production is forecast to average 60-66,000 bopd in 2021 following the Covid-driven drilling hiatus in 2020;
• capital expenditure is forecast to be c.US$265 million, with an additional c.US$100 million to be spent on decommissioning;
• organisational restructuring completed which is expected to deliver sustainable annual cash savings of over US$125 million;
• in Ghana, production from Jubilee and TEN for the year to date is in line with expectations. This is supported by gas export in excess of 120 mmscfd. A new oil offloading system is due to be commissioned on Jubilee in the first quarter of 2021; and
• on Jubilee, the drilling rig is being mobilised to Ghana to commence drilling in the second quarter of the year and the first new production well is forecast to be onstream in the third quarter.
Tullow also announced in its Trading Statement and Operational Update that the Group had started discussions with its creditors with regard to its debt refinancing options which are expected to conclude in the second quarter of 2021. As indicated above, in respect of the debt capacity redetermination under the RBL Facility, the Group announced on 26 February 2021 that c.US$1.7 billion of debt capacity has been agreed between the Company and the global technical banks under the RBL Facility; this remains subject to approval by a majority of lending banks under the RBL Facility and, once approved, will be effe
Does anyone have an answer to why they persist in increasing their short position?
Genuinely confused. GLA LTH.
Noob67,
The Bid Offer Price is dropping on every Buy trade, I'm watching live market price feed.
Don't let them get your shares on the CHEAP!
HOLD, GLA LTH.
Don't panic and sell, HOLD and don't let them buy cheap.
GLA LTH.
Plus you need to add the 4bn tax credit!
SK,
AIB?