The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
CaptainSwag,
I haven't been following this much, but did notice a mention of $170m cash in bank posted here.
Was that mentioned?
I expect over $20m of that to be gone by the end of this month on quarterly bond interest payments and outstanding liabilites for the quarter (AM interest, salaries, etc.).
No matter what happens, it's game over.
I really don't think the bondholders will budge. If plan isn't sanctioned, then wind-down and bondholders will take what's left. Simple as that.
CA have been given enough time for an alternative, and nothing.
Whether sanctioned or not sanctioned... the issue is complicated further with BOD removal set for July.
I don't think the BOD have anything to gain at this point, they'll be voted out soon, and there is no hope for a turnaround.
Time is ticking.
Bare in mind that I also bought in here with my own estimate for reserves/resources during downgrade.
And immediately sold following September update as the company no longer fit the fundamentals I bought it on.
"but when i bought i expected all reserves to be on place (as they was researched)"
Sure. You bought based on evaluated reserves.
However, reserves are no longer there as has been the case since September 2020.
So your basis for buying has not been there since the technical update. So why are you holding? Lol
Time ticking, no alternatives proposed, quarterly interest/liability payments approaching.
Expect production to be <10k average for the rest of the year.
Oil is only saving grace, but how long will that last, not long give it 3 months max before OPEC take market share.
They are very proud.
Are you proud holding this bag of hur-****?
What's your average 0hmarko?
"Very concerning."
If I was to take on this risk, I'd want a much higher reward/risk ratio than current share price.
Not to mention diminishing backlog which could have significant impact on debt repayment in the coming years.
Very concerning.
I'm always a 10 baby.
Still 0.
Ghana is maturing...
Sure reserves last for 10+ years, but don't expect production to last at current levels for 10+ years.
The current business plan looks at recovering oil up to 41% recovery factor.... - sure may be a "world class" field, but even that is pushing it imo, with every % costing more $/barrel (OPEX/CAPEX) to recover.
"And fundamentals change over time, invesments need to be monitored, unless you are the great genius Slift."
Exactly, so make your decisions and invest wisely.
Not hold onto one stock pretending it'll just rise rise infinitely.. which you are doing.
Have you even broke even here Jubileey? To make that statement.. you should know that fundamentals here have changed significantly since 2018.. 2019... 2020..
"buddy, you're a boy, make a big noise, playing in the street, gonna be a big man someday."
Sure, but you got mud on your face, you big disgrace, kicking your can all over the place.
Jubileey, I have plenty years ahead of me so risk taking is only way to get rich(er).
If I fail, no problem, can start all over.
"know how much these wells are expected to add to the total?"
All wells should provide c. 5k bopd total to Tullow's production in H2.
Overall, for FY21, expect production to be 60-62k bopd average.
"You got lucky with Tullow"
Or maybe, if you actually spend maybe an hour or two to do some proper research, you don't need to get "lucky" everytime?
Get fundamentals right and you don't need to worry about your investments, even if share price fluctuates.
"how is your investment at Petrofac doing oh great big brainy genius?"
I traded that also. I'm bearish on Petrofac. So yeah, you tell me pea brain dumbo.
< 0.5p by end of this week.
"The SFO has been examining alleged payments made by Petrofac over more than 15 years to land contracts in the Middle East, Africa and Asia, including Kuwait and Algeria."
Kuwait...
Algeria...
Both account for 40% of current bidding pipeline.
"My money would be on CA."
After your investment here, what money?