Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
And what is coming?
Not Q1 but H1, which means Tullow has to pump at least 62.5k per day for the rest of the year to meet the lower guidance of 58. Let's hope they can deliver.
Anton, I've just checked the RNS again and it says it all: "First half working interest production of 53.5 kboepd". This is the meal Rahul actually served us. The end of year guidance is based on high Q3 and Q4 estimates. You said "nonsense" as if we pumped 65kbopd for the entire 2023, which is not the case.
If it was a poker game we should fold! Too much money has been poured into Kenya over the years and now there's a huge pot but we just don't have the cards! We're 3-betting with 2 7 off suit. Guys, wake up and smell the coffee. I want Tullow to succeed but we're running out of time before refinancing. We must approach that date having plenty of cash in the bank. Tullow urgently needs to up the production, low 50s (kbopd) is simply not good enough!
Without the FDP approval from Kenya even TLW shouldn't be spending too much time on the Turkana project, as I believe that Kenya already owes us a lot of money that we'll never see. The harsh reality is that Rahul's indian mates have made a U-turn, Total has written it off... I reckon we would be better off making progress in some other jurisdiction. It would be better to add 20 kbopd production over the next couple of years than to just wait indefinitely for an imaginary 200kbopd in Kenya, which will never come to fruition. Why not have a vote on Kenya at the next AGM?
I have a lot of shares, which boosts my confidence but anyone can do whatever they wish, so #notAdvice just in case:)
Below is just my interpretation of TA. There are no obvious short patterns or any strong divergence with the RSI. Moreover, oil prices are high, which does suggest the uptrend on the daily chart is likely to continue.
Royal Asset Management have increased and now hold over 5%.
33 is the next support, which is exactly on 0.382 fib retracement. (Low at 21.88 and high at 39.88). Then we'll be on our way up again to test 40p.
Bloodbath again, all markets and commodities are down but we've been hit the hardest... so just topped up with a target of 95.
Construction materials are required no matter what state the world is in. £600m mcap is a joke, all imo. If I had the money, I would've bought the whole group now.
At rock bottom. Marshalls has been the worst performer in construction sector over the past week. What's going on?
Because AlixPartners were on Cineworld's payroll during Ch.11 and most likely advised on that outcome. They're appointed as administrators now so of course they want to make the transition as smooth as possible. Their job is to take the company away from us and pass it on to the lenders, not to scrutinise or critically analyse valuations.
They would be looking at taconic losses by the end of the year it seems... or maybe sooner.
@carter19 you may press the reply button to stay on the same thread. :)
Marley group asset won't be included in the mcap at face value because other factors have more weight. To put it simply, at the moment borrowed money could only be repaid from profits because re-financing options are extremely limited. If divis are slashed, we'll end up below a quid. Not really looking forward seeing the results later this week because I'm stuck with a high average here.
It has been included, the valuation is for the group! It's difficult to say what exactly has caused such a collapse in the SP but we're still in a downtrend. Marshalls raised some funds at 650 just over a year ago and now 650 seems further than the moon. Possibly some big players didn't like the debt situation and simply exited when profits began to shrink. One long term solution would be reducing debt to manageable levels in a high interest rate environment.
Any bad news get instantly reflected on the SP and any positive news are viewed to be short-lived. It has been interesting reading global news this afternoon where China has recorded deflation of 0.3% year-on-year and the so-called economists are extremely worried. However, a slight deflation is awesome for the end consumer, especially at the time of record high interest rates. They want you to believe that deflation is bad for the economy which is only true if you have massive loans and want all that money to become worthless.
Spot gas price has just shot up. This should strengthen Tullow's negotiations for a long term agreement of Ghana gas exports which is due end of Q3.
40p is nothing we need to get back to 66p
Congrats to everyone who believed and got it right! Absolutely fantastic news for LTHs. We're on our way to 150 no doubt about that.
Wolf, just out of interest, does the stock need to be cancelled in this situation before one could unlock and keep his money made from shorting? If the newco comes to market and the lenders will start losing value and their money for real (not hypothetically like now), it would be perfect time to short. My question is should I wait until the newco crumbles or try to get out a couple of weeks before that happens?