Member Info for smudger63

This makes better reading

https://www.nation.co.ke/nationprime/china-turkana-oil-kenya/5279428-5464742-1hh13i/index.html

Woah, man that is nuts. The figures outside China are more credible. The indication of how contagious is the spread of the virus on the cruise ship. Could rumble on for a while until the antidote is developed. As I say, it's not directly related to TLW but will certainly have an effect on the global economy but more importantly all them people

Not related directly related to TLW but the figures (in the link attached) are disturbing. The infection rate has decreased but it explains why the Chinese were building hospitals in 10 days. The measures taken by the Chinese and the WHO have done well to contain the spread. For sure it has caused and will continue to cause economic turbulence but just think of all them people...
https://www.worldometers.info/coronavirus/

OPEC+ oil ministers will meet in Vienna on March 6 as initially planned, a senior Russian energy ministry official said on Tuesday. The group will consider an advisory panel’s recommendation to cut supply by a further 600,000 bpd.

OPEC has been trying to persuade Russia on the deeper cuts, and Moscow has said it will disclose its stance in the coming days.
https://www.cnbc.com/2020/02/18/reuters-america-update-8-oil-dips-on-virus-impact-opec-delay.html

A further cut should help prop up the POO. I wonder which way the Russians will go now a there is a clearer picture of the effects of the virus.

Hedged, one thinks.

The increase in the POO is not changing our SP that much (just trades within a range). The real catalyst for SP change is news which has been in short supply (certainly the positive stuff). According to the last operational RNS we should get the full year results 12 March and hopefully the New CEO will be announced before.

'Guidance is provided in relation to Tullow's full year reporting to 31 December 2019 in advance of the Group's Full Year Results release on 12 March 2020'

Not long to wait for news and hopefully positive. Maybe the shorts will need to review their positions before this date.
Happy to tread water - GLA Smudge

Yep, what did it for me was the painful long lists he posted of what a ramper does at the same time de-ramping the share. Very transparent and annoying.

I filter anyone who is blatantly ramping or de-ramping. I filtered 'Betrayed' last week. It's just nonsense for personal gain. Some of the figure they spout is just delusional.

Normally drop it at 9:30 when all the posh coffee slurping buffoons arrive at the boiler rooms in their pointy brown shoes.

BG, this would indicate that we should already be in possession of the draft or final text. Not the end of this 'moth'. My mistake.

May see some trades pick up toward the end of the month - today looks like a promising start

Article about the latest Tanzania gas sector.

In summary, draft PSA targeted to go out at the end of the month. TZ government doesn't have the same approach as Mozambique unfortunately.
https://www.ippmedia.com/en/features/tanzania%E2%80%99s-natural-gas-sector-%C2%A0elusive-economic-game-changer

POO will rise way past $60.00. Chinese have to catch up on lost production. t I think we will see an oil spike as they fulfill production loses due to the virus. There are car plants across the globe waiting on Chinese parts. 1.4 million cars produced by the Koreans Hyundai / Kia group all relying on Chinese parts.
Only my opinion, of course

Let's get a bit of perspective that goes further than MickR trying to get a cheap entry price.

'Tullow Oil plc

Tullow is a leading independent oil & gas, exploration and production group, quoted on the London, Irish and Ghanaian stock exchanges (symbol: TLW). The Group has interests in 80 exploration and production licences across 15 countries which are managed as three business delivery teams: West Africa, East Africa and New Ventures.'

the blue day held. See what happens over the next few sessions - see if it holds. More difficult to short at a lower level with the indicators POO and Copper improving around us. Still think POO will rocket as China catches back production arrears. Mr 12% has been buying at all levels since the drop so it wont bother him. Watch this space.

He's been buying at a short price which has been achieved due to the POO drop down to the virus. Probably shorted his own shorts. Interesting to see where this goes now. He must have been buying in at the high 50's and has had a ball over the last weeks with the SP in the 40's. He's gunna have to peel mine from my hands white with grip force ;-)

*throw* would be better

In order to cover the manufacturing shortfall the Chinese will have to through the kitchen sink at it. A lot of industries are waiting on components to fulfill current commitments let alone future orders. I think this will spike the POO the other way on a short term basis.

I have a feeling that WTI Crude will shoot up past $60.00. My prediction is based on the fact that a number of manufacturers are waiting for components that are produced in the far east. As soon as the lock down is removed there will be a huge serge in demand which will send the price high - short term. If TLW or any oily are suffering due to POO, I believe a correction is on the cards. Only my opinion, of course

is looking better this afternoon