Member Info for Romeike

Any buy out would be based on a proper assessment of assets, reserves and licenses incorporating debt and cost of debt, and potential synergies, you'd be looking north of 150.

Production guidance can go up as well as down - the recent RNS by the chairwoman will have taken their safest appraisal, they would not risk another downward revision later. Some of the institutional selling will be linked to dropping the dividend, as Tullow no longer met the requirement as an income stock. I wonder if this partly explains the sheer brutality of the drop.

I feel I am very fortunate to be able to hold on as long as needed to see out a recovery. The sooner they get a quality CEO the better and despite the horrific SP movement Monday, Tullow will end up as a better company for the change in leadership.

Rubbish. Next to zero chance of a Republican senate voting down their own President.

ENQ had a nice rally into the close. Glad to see TLW hold onto gains.

That would probably require some strong Tullow-specific news flow. Macro stuff is only going to get us so far.

The detail barely matters at this point, it is the sentiment. A deal is a deal.

it's going to fill that gap all the way to 205p on positive news flow

Market needs to digest just how severe these cuts are. In the background there's the huge number of US jobs created, well above expectations, the inevitable US China "deal", and a growing suspicion that US production will drop off faster than forecast.

True that

I'd like to think 149/150 but more likely 140 after some profit taking into the close.

What's the next target from a TA perspective? 149?

Was a little worried that TLW would not rise on the official notification from OPEC+ - seems thankfully unfounded, TLW biggest riser.

There is just one reason why an investor buys a stock, but people sell day in day out for a whole range of reasons. Therefore if the buyers are hesitating the drift is down.

Saudi will be angling for a surprise level of cut to give the best boost to the Aramco listing, whether they convince the others is another matter. Russia likely to play ball if they've had their exclusion accepted for gas condensates.

Not really sure the UK election matters at all really. If Labour gets in expect some oil companies to move HQ sharpish.

I thought you said Carapa-1 was already priced in as a miss?

A positive start for once, yay!

A few years back it was thought Tullow was making an offer for PMO

PMO up 5.25%

It happened with Ophir but I hope Tullow is big enough to resist such blatant theft.

Just waiting for the toe curling announcement "We are offering next to nothing, representing a 40% premium on the artificially manufactured low price thanks to our buddies in the city".

I think it will go up either way, the current share price makes no sense to anyone without a Chinese mate that wants to buy the company on the cheap. Just saying.