Member Info for Slift

"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.

Sure, i'll be selling my holding within the next 3 weeks I think.

Can't stop me broooo.

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.

Doesn't matter what price I buy for as long as I make a profit right?

Jubileey,

Bought some shares for a short term trade.

Are you mad?

< 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?

Do you want to explain why the share price has been weak in recent times despite oil being $70+?

Maybe you're simply being "hopeful" for the future contract wins (even though PFC pipeline has been decimated and the work tendered for is low).
There's another word for that - deluded.

Clickit,

"where’s your evidence for “HY21 results not looking so good”? You may be right but I haven’t seen anything (other than an absence of RNS contract wins)."

That's exactly it.
Major contract wins will need to be RNS'd in accordance with market rules as they have material impact on the share price.

I estimate current backlog at $4.2b.

Trading update next week.

We'll see then, whether it's "common sense" or "wishful thinking".

Just activated my crystal ball.
Says NOPE to HUR.

Wishful thinking.