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I doubt it. HBR has repeatedly spoke about being debt free and how would it seem that they then increased their debt to purchase someone else when there still is market uncertainty.
I believe there will be more share buybacks announced in time (be it in the November trading update or before) and once there is free cash then there may be some purchases but of specific wells since a lot of companies are offloading these cheaply.
Once we are debt free, we no longer as beholden to the creditors which will improve the hedges going forward, save us from massive interest payments that seem to be increasing rapidly and give us a layer of protection.
Of course the price will fall at times but at the moment this is still a company 1.1 billion in debt which the market will see. What's happened with covid and the subsequent crash in oil prices at the time has led people to be more careful with their investments.
However with the debt reduction, more free cash available THEN the share price will improve. I feel that a number of you think that it will be overnight?
And comparing it to previous prices, perhaps that the high was the anomaly? At the debt that HBR was at and the share price I feel we were very fortunate to have such a high share price. This price, for me is realistic until the debt has cleared. The market is a lot more careful now
Probably just your bowels
Last few days have seen a large increase in buybacks, seems like they are pushing these through in preperation for the next quarter of results. Perhaps aiming for another 100m of buybacks to be announced? (Hopefully)
Also a nice blue start to the day. I'm glad we seem to be holding our price and aiming for that 500p over the next month.
At this point there will be no chance of a takeover, shareholders wouldn't go for it. Especially with Timpan still being sorted out which could be a further cash cow for HBR. Maybe once this is sorted out and debt free (as the board surely realise that the SP jump would be significant once announced it is debt free).
I'm hoping for a further renegotiation of the hedges after year end for 2023/2024.
I like seeing the share buyback increased by another 100 million and see what they might announce in Q3 if prices remain the same... wouldn't mind more of the share buybacks.
Last time this was said and people complained about it, there was an early morning RNS about buybacks so wait till tomorrow
You mean hurricaine.
But this was never for the near future.... why would he want to take a buisness that was on the verge of bankruptcy and not run it sensibly so you can get your immeadiate uptake and put the buisness at risk?
This was always going to be a long play as the buisness recovers.
Rahul in my eyes is doing a good job for the buisness. If you just want to chase short term, try AIM and good luck to you.
Will the half yearly increase the share price? I believe so but only with a modest amount however they will give flow amounts of Tolmount which will keep us all interested and see how successful it is.
Hopefully they will increase the share buyback as well and if there is a large enough reduction then I think that may be an option.
This month a lot of the O&G companies are down(Shell, Enquest, Tlw) and we are following the same pattern. Worries about cost of living, inflation etc etc are all causing the markets to be a bit jittery and it's a case of wait and see.
This, in my opinion, won't shoot up. But over time modest rise will follow modest rise and we will have a good increase in the SP... alongside the dividend (which is a good deal at the levels).
But saying that he's positive etc is still pushing a false narrative. What we believe in are facts. The markets want that. Investors want that. We know talks are progressing because there has not been an RNS saying they have stopped or been completed so we know they are ongoing as per last RNS and the meeting. To RNS a hope isn't good business and would be foolish.
Shorters will have a say in the price but I also don't see any proof of short increase. Then again I don't pay for any services to see any information so I'm limited to that.
I expect the share price to stay static and fluctuate with oil just now until the half yearly results come in where we shall see a small rise. The finalisation of the merger or/and completion of Kenya will improve it more dramatically. Likewise the failure of the merger and Kenya will drop the price.
Tullow is a long term share for me. 5... 10 years? Once finances are shown to improve and there's a dividend then it will be a cracker of a share.
And Stanley, how much are we earning? How much is the updated debt? Of course because there are no results so we REMAIN heavily in debt until results are released. How do you think the markets see it? We were 2.1 BILLION in debt with the last results. That's what the market sees, not some pie in the sky figure until they release the results.
Unless somehow you have the figures before anyone else? Or you are just assuming?
I assume the debt will have been reduced but until the results are released (hopefully significantly but due to the hedges I think it wont be as dramatic as I wish). The markets won't see it that way. A lot of investors and funds deal with facts that will earn them money, through dividends and proof of improved earnings. Until that why would they invest? Especially if there are better options on board who give dividends and quarterly results show what has actually happened.
Until then, it's speculation.
Some of the people on this board are frustrating. Don't you understand that Tullow almost went BUST?? And you are complaining about how the share price isn't being ramped by the BoD?
We have to have low hedges as it was required to SAVE Tullow. We have NO evidence of how much money is being made until the half yearly results where, at this moment, we are heavily in debt.
Rahul and co. have announced a merger that is beneficial to Tullow and yet you all complain and expect it to happen straight away when it CLEARLY states it has to be approved by Capricorn but because you are either full of your conspiracy theories then there must be something else going on.
I believe that the advice with shares is that you have to be prepared to lose money, not invest more than you can afford to lose and be prepared to wait until you get value (waiting means up to years). It does not mean to expect the board to ramp, to release RNS that are intentionally false just so you can earn a quick buck. This is a business, a company. That, once again, almost went BUST. When the half year results are released then the market and investors understand which way the company is going with debt and cash flow. This share won't increase crazily until the debt is more manageable, the hedges are reduced and proof that the company is making money.
Plus Kenya, have you ever worked at negotiating with countries? Especially in Africa/S. America. It take a long time to negotiate and sign contracts.. that's to even say also negotiating with a partner isn't straightforward.
Rahul is doing well in my eyes, has the right attitude and realistic in his announcements.
Yeah... they only purchased in excess of a million shares today.
Once again you spout rubbish
That's surprising more people are dropping dead due to heart issues.
I mean I'm a cardiac critical care charge nurse and I've not seen any details about that. Or evidence. Or anything even remotely similar.
We are seeing a higher critical patients as surgeries etc were postponed due to the sheer number of cases. We were a made into a covid ICU where (Being as we were the Heart Attack Centre for London during that period), we only took and operated on emergencies. The patients who were for planned surgery end up getting worse and becoming emergencies which is the only increase I've seen.
Frankly you're talking rubbish.
Which broker are you with?
HL paid out.
Certainly not sold out yet but hopefully reduced. From what I understand that they have to RNS when they go under 4% now... I think they last were at 4.98% (11th May RNS) and still had 46 million shares in play so lets hope for an RNS regarding theyve significantly reduced their holdings
People want jam now. That is the problem with a lot of these traders who are bashing the share because they want a quick buck. I'd rather it slow and steady, reduce debt and keep production on track. I've been tricked before by companies who RNS everything then boom they fold as the shareholders have been screwed over.
Long term 2 or 3 years this will play to much higher levels. I'm in no rush
Solid RND, shows things are heading in the right direction and a little teaser about the Guyana well which was particularly highlighted by Rahul.
As long as debt is being reduced and we are making our target production, then I am happy.
Just need to wait for the trading statement (is it the 29th it's released?)