Member Info for sankeys

Repsol market cap is 21.5 billion euros to put in context those trades. Given the market cap one wildcat drill is not going to impact the SP.

It’s Euros, not pence.

That would be called total lending , not debt, which is misleading. The market always uses the net debt metric and that’s what the company will be judged on.

Carapa is only 60m recoverable to Tullow if it comes in line with data model, yes it in some way derisks other plays, but I would be surprised if it adds more than 20p on a RNS. ECO is the beta play on any drill news or CGX for this particular drill - however the downside far worse.

‘MRD once said that 1bln committed facilty or head room doesn't count as debt!’

It’s not debt, it’s only debt once consumed. I have a £1500 overdraft, but it’s not debt as I don’t use it. As a metric we use net debt - total debt minus cash in the bank, you don’t add lending that is not used. Of course it’s worth looking at forward statements to understand what costs are coming up, at $150m fcf it’s tight, more so that if TEN needs additional spend or there is unplanned downtime - however at current Brent that forecast looks low.

Yes, he’s that guy who used to post on PMO during the convertible bonds period, forgot his name. He called a PMO a sell at 65p and it went to 120.
Was it Andy something ?

He had them removed himself, even stranger the lengths he will go to on a weekend on a share he has no interest in.

https://www.google.co.uk/amp/s/mobile.reuters.com/article/amp/idUSKBN1YP02G

Repsol are the operator and will dictate when results of this drill are announced, it’s not Tullows call.

Adam, I think you’re biggest issue at the moment is basic math.
You started with 132k, Your Tullow lost 12k to 5k, you now have 120k, you end up with 312596 Tullow shares at 0.48, circa 150k - so you’ve managed to gain 30k by magic!
But keep sowing the seeds of doubt eh?

He’s an ex money man, of course he knew, but do you really tell that to the market? We have a large seller don’t bother buying for six months, and we all sell and come back later, it just doesn’t happen. To be fair to AK he has obviously had a hand in creating this group who have took all these shares, you’ve got to give credit for that. On the positive, these entities haven’t just taken 60m shares at 20p to make a loss, AK has sold them the forward news flow and they see growth.

A very large support base has been made at 20p after the large transactions today, so for new entrants or existing shareholders adding the risk/reward from 21p is as good as it gets.

Hello MrD, bought at 51p and 53p week of drop, I was looking at 49 but it’s difficult , it was relentless that day - it was PMO 19p Mark 2. Of course PMO went to 120p, that’s why I’m here, at $66 brent it’s fine, with PMO we were also dealing with $40 brent. Like PMO there will be tough decisions, target is 120/150p if there is no equity dilution and should get there by this time next year. Whilst the next drill will be a boost and help confidence, its not a game changer, they have many prospects in Guyana and Total are wanting more share there plus new entrants.

This drill is a very small part of Tlw, it will cause a drop on the day, so leverage is at risk, but it won't materially effect in the medium term, this is about production, cash flow, debt. Any drop will be bought into, Enq as most know is junk stock.

Nope, just more distribution/ accumulation that has been going on for weeks. They always put it up close of play and hit it down on n the morning to discourage any normal volume. Let’s hope it’s accumulation or shorts closing rather than ii selling.
Frustrating but is what it is, lots of newsflow to come in next 3 months.

The trades don’t have any special conditions on them so it’s not a transfer. It would be pushed down if it was a short closing, thus lower the better profit. We need Decembers SOL to see if the 8m is still there.
We’ve had one ii reducing but nothing else since and the major shareholders was updated end of November.

No Santa rally for us, difficult when £5 billion has been added to the Ftse past week.

Hi, use this link, access as a guest.
https://my.euroclear.com/apps/en/monthly-stock-loan-data.html#month=eq:12&year=eq:2019&limit=0&search=1

I think a RNS with new gas deal/s or JV for Niger would be both significant and can possibly land anytime. I’m still not sure that the entity controlling the SP is a seller, I think we need to look at the stock on loan figure for December when it’s published in January.

Although he did say Q1 for a Niger update I think, does seem to be a number of new gas deals on the horizon, both gov and private which should really add value as they are announced. Clearly the JV partner is known, but who?