Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
For a stock this size, nobody’s views on this site are really going to shift Tullow’s share price. It’s just too large for us to influence. So all opinions here are valid.
Here’s mine. This is going to keep drifting up. Yes, it will vacillate - investors’ worry about the tide changing and quickly sell, then other investors jump back in, and we know buy/sell algorithms are lazer -focused and trigger-happy. But the overall SP trajectory is upwards, IMO.
Remember it’s FTSE250, not AIM. Hold your nerve. This will rise, then peak for a bit. When the news goes quiet in several days, it will then drift down slightly. Then, when the new CEO and head of exploration are announced, institutional investors will relax and buy, and we’ll see a second rise.
As we know, no one can say where it will end. In my own view, I already thought £1:40 was very cheap for Tullow. But we all know how fickle markets are, and many factors are in play. GLA.
In free-fall right now. I’m staying in and topping up. It may fall further, but will surely bounce once market jitters stabilise, IMO. But how high... well, we’ll just have to wait and see. Investors are clearly panicking right now or being caught out by stop-loss trade plans.
Needs patience and steely nerves - we’ve seen this kind of thing before. Not exactly hard to replace the CEO of a large London-based oil company. There will be several strong Shell, BP, or Exxon guys interested, many of whom have had their own careers blocked by too much competing talent, who are hungry for a crack at the very top. A turnaround opportunity is very attractive.
Good assessment, Gambler. As well as the complexities of the Eclairs / Glengary, which has been pretty dramatic over the past year (High Court etc.), let's remember that Paul Davies is a real fighter and knows this business extremely well. It's his company, he is completely committed to it and he is not going to want to give it up. jKX is a very well run company but has been unlucky with Ukraine and, separately, with the whole Eclairs debacle. This could turn into another major battle - and btw - JKX are worth a good deal more than the current SP of 29p. GLA.
Decent rise of 4% today for this undervalued company. Must surely be linked to news in the last few hours of Russian military withdrawal from Ukraine: http://www.bbc.co.uk/news/world-europe-29342463 JKX's SP of 45p prices in uncertainty on several fronts, as well as a recent tax hike - but it still seems cheap for this really professional team with a good production track record.
...and we're now up to 62p, which hopefully signals the start of a steady rise in SP for this recovery story.
Excellent interim results, just out. Highlights: - Production from new Elizavetovskoye field in Ukraine commenced in January with flow rates from the first two carbonate reservoir wells exceeding expectations. First well targeting underlying sandstone reservoir is scheduled to spud this month. - Expansion programme initiated to double Elizavetovskoye plant capacity to 30 MMcfd with completion planned third quarter. - Successful drilling and completion of development well NN-80 well in the Novo-Nikolaevskoye field in Ukraine. - Production from Koshekhablskoye field in Russia constrained to 5,000 boepd due to tubing issues in two wells. - Work on-going to increase the Koshekhablskoye plant capacity to 60 MMcfd by year-end. http://www.proactiveinvestors.co.uk/companies/rns/140515jkx1508h
High Court ruling will silence rogue shareholders and allow management team to focus on extraction and business growth. http://www.proactiveinvestors.co.uk/companies/rns/140513jkx0062h Major successes last year with fracking and optimised production. This is a very well-run company with a highly alert CEO (Paul Davies), who founded the company and has excellent operational experience of the reality of working in Russia and Ukraine. In my opinion, undervalued at anything less than 120p.