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Americans live a bargain - watch this rise - they don’t care about nationality when comes to making money. We should learn from them- fu same take, dividends, fcf etc stuff loyalty - watch the rise now DYOR
RA was invited to the talks by Ukraine not Russia. Hence he could be above this all by both sides as you are correct previous friend of putin but did move away and make himself high profile to be less of a target. I can’t see this gooing much below £1 - there are thousands of jobs in USA to consider and also they need steel - they do provide a high percentage of us railways! This will not imo be sanctioned as uk with significant USA assets. It may take a while (or not) depending on outcome over next week or so but will pay the dividend in my view as announced and RA will want it also as he will want the cash! It is sometimes that simple as majority shareholder
Cards on table - just bought at 130 - not worried if drops a few pence more. Downside potential even to less than a 100. Upside if works out - over 600. People sometimes wait and miss out but if it goes over 300 and pays dividends I will be over the moon
Yes they can but will have the money set aside so unlikely - although the company will also drop out of the ftse 100 by cop today as market cap is not in top 100 which also means that they will have iis not putting funds in which can impact sp. I am invested and just giving facts- still think it will do well but is a risk and this may not be the bottom (likely the day after dividend)
Just waiting on update to get figure , production expected was forecast quite low and we missed target last year- if near upper end or above I expect substantial rise - think it is that simple so if we are over 50k per day substantial more fcf whereas at 44k more than half is hedged- just a month to go
Ammu nothing to do with this board - my thoughts are I hope both companies do brilliant this year (as invested in both) and looking forward to 24th March for next update from ENQ as sure the figures will be great - and the same expectation for Tullow. Both survived and hope go from strength to strength.
Squid - another way of looking at 50% hedged is 50% unhedged - which at say $89 still gives a not too shabby $83.5 average and in my books around $650 m fcf. Not too bad either and if we overproduce on this conservative figure or Poo is higher more than €700m fcf. Not too bad in my books
Bad first - did not reach our forecast but just under, and no news on DHSC or indeed details on how we done in other markets.
Good - over £100m in cash, still good profit margin and most importantly moving a lot of our sales away from UK market so not all of our eggs in one basket. Around £13m in non Covid sales and this is expected to increase. COVID sales still to be over £40m next year so would expect around £55m revenue next year.
Overall this does not reflect in current sp or market value so should be increase today but more importantly small glimpse of non vivid future is in train so expect small increases in sp going forward
Yes but don’t be lazy in future as on their own website
https://www.tullowoil.com/investors/
Oil over $85, debt reducing every day, over 50000 bopd and huge fcf - yet sp around 20p! End of year - possible dividend announced (dependant on Poo) but limited risks to even worry about and decent interest rates on current debt? As victor muldrew would say …….I can’t believe it!!! Do fundamentals not matter any more?
We all agree that fcf will be over $700m this year worst case scenario if oil stays over $85 (higher even better and this includes our hedges) So take that away from debt and allowing the fact that some debt is usually good ($500m) then one good year and no matter what metric you use we could in theory give a dividend higher than current sp just next year! So all we need is one decent year for a major rerate or if not pay a dividend higher than our current sp is possible every year. Looks a no brainer to me!
Am invested and just about at break even. Agree more testing and note this interesting article
https://www.cityam.com/from-covid-curse-to-blessing-coronavirus-experts-relief-grows-as-extremely-mild-omicron-variant-rapidly-exterminates-much-more-deadly-delta-mutation/
Agree testing will increase short term and that hopefully DHSC will be resolved soon (favourably) which will boost the sp. Diagnostics will be here forever and would welcome some forward plans from company and some narrative on current situation and impact for novaculite and our revenue streams! Is this too much to give?
Why any concern? Oil over $80 and production even reduced will give massive fcf. With oil going only one way short term as supply stays reduced , global and us oil stocks continue to be under pressure and the supply is not coming back overnight but air travel is opening up and demand is going up. Aware Covid is not away but living with it is now happening and the impacts are much reduced.so why are people worried as even worst case scenario we will be a huge money maker. Agree dividends/ buy backs and even acquisitions can be considered to move sp and do believe they are coming. Sp will react accordingly and I have no concerns it will be positive