Member Info for Romeike

I've lost track of the number of shares I've seen punished by the market, only to recover given time. Tullow has been punished more brutally than most but everything McDade got wrong at Tullow is fixable and with a good CEO in place it will just be a matter of time before sentiment recovers.

Longer term the oil business works in a cycle and we are at or approaching peak production right now, it only take production to flatten out to trigger solid moves in oil futures, and higher oil prices over the coming years will help Tullow enormously.

https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/021020-total-non-committal-on-ugandan-oil-project-fid-as-farmdown-talks-drag-on

At this rate it will by 39p before 12 March. Dorothy claimed to be acting in the best interests of shareholders, but it is hard to reconcile that with what has happened to the share price since she took control in December.

Pretty shocking headcount for a project that hasn't even reached FID. Someone needs to make clear to Kenya that Tullow isn't an effing charity.

I think the dip is rather folk taking advantage of the Friday afternoon lull in volumes to push things down more. It is depressing to see the same downtrend present for several weeks now continuing thanks to this kind of game playing allowing new lows.

Sounds a bit pie in the sky to me. Fact is they can ban sales of cars if they like but people will just stop buying new and more will buy second hand to avoid the EV rip off.

Electricity generation in the UK doesn't reliably cover domestic supply as it is and it has been that way for over two decades. How does the government expect there to be 30 million + EV vehicles on the road from 2035 with no electricity to charge them Bonkers policy dictated by a mentally ill teenager.

And also where is all the electricity going to come from to charge these EVs? Renewables, lol?

Saudis need $80 to balance the books, at $50 they are stuffed.

https://www.valuethemarkets.com/2020/02/06/the-cretaceous-horizon-is-where-the-real-opportunity-lies-eco-atlantics-gil-holzman-on-orinduiks-prolific-potential-eco/

Russia will eventually assent to 600k bopd cut overnight or ahead of the weekend. They have too much to lose and US is not in a strong position for grabbing market share.

The price action this afternoon is nothing short of utter BS.

Russia do this every time because they can't make a decision without asking Putin.

More likely we trundle along at 50p-ish for then next 4 weeks until there is some actual leadership in place.

I think Russia relented and they are now looking at dates. Russia must appreciate that if they don't do something significant the spivs will crash the prices below 50.

The bigger picture here is that while this dip is no good for Tullow's revenue, between the higher average price in Jan and hedged production the impact is likely not as bad as we might fear. On the flip side, unconventional plays in the US will be only more likely to fall into bankruptcy sooner and hasten the focus away from shale and into offshore.

Market seems oblivious that Libya production is a small fraction of its usual level with no sign of it coming back any time soon and the situation in Venezuela is only going to get worse with the US now looking to sanction any oil companies helping PDSA.

Rumour is that the JTC to recommend output cut of 600K, but remember this is technical advice to OPEC+ from the experts and doesn't represent the final political outcome, which may be a margin one way or the other, especially if Saudi once again adds more weight.

I am not sure the gaps even been wide enough to trade profitably to be honest. This is just getting messed about by thousands of small, auto trades and with no CEO news likely until at least mid-March that isn't going to change without some unexpected news of such significance that the rise sticks.

We know the current market cap is an anomaly. There is no reason that given time to heal sentiment and an effective CEO this will correct itself.