Member Info for Romeike

Tullow will already be looking at rolling over 2022 maturity, the fixation on that belies common sense. Tullow will still be making considerable profits.

The exploration director was sacked for a reason.

Sentiment as it is, if the board put out a dry trading statement broadly reiterating what we already know you can see it being a red day.

I guess they are looking to trade a pull back in the oil price if Iran opts not to respond.

Ah yes, they borrowed the shares on the declared dates, it doesn't mean they also sold the borrowed shares on those dates.

Wouldn't that lead to an increase in SP, or am I misunderstanding?

So a 3% dump for no apparent reason. I know it means nothing in the larger scheme of things, but we really want this to be in a recovery, up trend. The current intraday movements are disheartening. Increased tension and underground war of attrition between Iran and US should keep a premium on the oil price through the year which can only help Tullow's bottom line.

I think some unwanted hostile takeover shenanigans are worrying a lot of us. I would feel a lot more relaxed if this climbed to around 100p , but the longer the board prats about the longer the company is vulnerable. On the flip side, a lot of long term, large volume holders and the debt holding act as disincentives to a deal. I think there would be total outrage of the board even considered a deal at the sort of prices some have mentioned on here.

A wave of small auto trades caused the drop, looking at the large volume trades they are almost all buys.

price is reducing by 1-1.5 pence a day

No, because it started by going up over 2% then tailed off into the red. It's going down less than 0.5p a day.

Sacking your CEO with no replacement lined up is about the worst thing you can do for the SP bar criminal activity.

Do the opposite of what Goldman says publicly. They are telling their clients something completely different. Who is getting screwed? Anyone but Goldman.

The lack of replacement CEO, or timeline for a replacement indicates to me that there was a boardroom bust up and McGade's departure was very much unexpected, hence the brutal drop in share price. I had half wondered if there was some management buyout in progress - but now I think that the sharpness of the original drop and feedback from incredulous analysts proved to the chairman that the CEO had lost the trust of investors and she had no choice but to "reset the business" under better leadership. While devastating for long term holders it has created a once in a lifetime opportunity for others to get rich.

I'm in regular contact with Tullow. The stated direction as directed by Dorothy Thompson at the moment is as I said earlier: get a new CEO, get transparency back in the business that was eroded under McGade, make damn sure they achieve or exceed the production figures and then look to make improvements where possible from free cash flow, which I take as code for drill another well in Intombe. Reported earnings should be markedly up on the 85m.

It's all sentiment. The wording used with reference to Tullow in its current situation would never be used in other circumstances. Yes, the net play was not good but since when is a confirmatory strike on a wild cat well termed a "disaster" for an explorer. Ridiculous.

Tullow need to get a move on, get a positive CEO in the driving seat as soon as possible and start putting out a credible recovery narrative.

It does seem to start the day up over 2% each day but that is immediately sold into, so rather than selling I think what we are seeing is quite a lot of shares changing hands. The trading statement may offer an opportunity to add.

The time of year this happened is unfortunate, slowed down the process of getting a new CEO. In the meantime they will say the minimum to avoid clouding future strategy decisions by incomer.

PMO looking longer term and done a good deal.

While likely to reiterate what we already know, certainly with regard to production in Ghana, there's a possibility of news regarding a new CEO or at least a timeline, and perhaps an update on Uganda.

given that it has hit exactly 60p over 20 times today it would be unsurprising if it closes on exactly 60p