Member Info for Starboard

After today's move, we're still up 56% since May.

And unless my IG app is incorrect, we're down today on very low volume compared to normal.

Still above 50 and 100 day EMAs, in spite of today' s move.

There are no reports of violence or injuries, instead people cheering in the street. This is a significant improvement from the post-election norm.

From Sky news today:

"Every vote held in Gabon since the country's return to a multi-party system in 1990 has ended in violence. "

The military don't have the expertise to run the oil companies, and will need to keep the oil flowing in order to pay themselves, so current players will stay in position. The government "share" will just be going to different bank accounts.

He's instantly recognizable, filtered already.

Up 70% since May

Above 20, 50 & 100 day EMA

Broken out of downtrend on 25th of last month that had been in place since Mar 2022

More bullish long green candles than bearish red ones since May 17

Currently around the highest price it's been for 8 months

Last month was strongest monthly performance since Sep 2021

It's looking extremely positive

I'll take the beer Joey, but you've set a very low bar for TLW. It's going much, much higher.

It's just a natural pullback, to be expected after the recent bull run. Most likely won't drop quite to $76 before resuming normal service. TLW is following suit, after it's own bull run. Next leg up coming soon.

Proactive investors article

Can someone please explain what the low cost of equity means relative to the cost of secured debt and how this could make any sense.

"Tullow Oil PLC's (LSE:TLW) best course of action is to issue equity now given its low cost of equity, according to analysts at Stifel.

The broker notes Tullow needs to restructure and/or refinance its current c.US$2.1 billion bond debt maturing between March 2025 (c.US$630 million) and May 2026 (currently c.US$1.5 billion), plus a US$500 million bank facility expiring November 2024.

“Surprisingly, we find Tullow is in the unusual position of having a cost of equity below its current market cost of secured debt; we therefore conclude that Tullow's best course of action is to issue equity now,” Stifel said.

It reckons a fund raising of around US$150 million now would currently be the cheaper finance option and may lead to reduced cost of debt as well, and build financial resilience given commodity price volatility and uncertainty over the tax dispute with Ghana.

The broker has moved its price target to 39p and retains a hold rating while shares in the firm fell 3.1% to 37.04p."

Stifel appear to have an agenda, helped by Investor.com posting of the story below riddled with errors.

1. "Tullow Oil's stock price closed at $38.20." I wish!!!

2. fair value $0.55 is a "a downside of -43.46%" from $38.20. Who's doing their math!!!

3. "from a prior price target of %currency%%price%." That was an interesting number indeed.

Note no mention of 70% rise since May.

Article

"An analyst from Stifel maintained Tullow Oil (LON: TLW ) at 'hold' with a price target of GBP0.39 from a prior price target of %currency%%price%.

Prior to this rating, Tullow Oil had 5 buy ratings, 2 hold ratings, and 2 sell ratings.

For consensus analyst estimates and price targets on Tullow Oil, click here. For more news on Tullow Oil, click here.

Tullow Oil's stock price closed at $38.20. They are up 11.96% in the last month and down -24.77% in the last 12 months.

According to Investing Pro, Tullow Oil's fair value is $0.55, a downside of -43.46%. Tullow Oil's fair value comes with a high degree of uncertainty, according to InvestingPro.

Check out Tullow Oil's recent earnings performance and financials here."

Can anyone decipher this?

What broker?

What's a hold?

Who might raise money?

Service what?

Posted on ADVFN by valuehurts. Any truth to it?

"Tullow getting promoted to ftse 250. Flows incoming."

Https://oilprice.com/Energy/Crude-Oil/Standard-Chartered-All-Time-High-Demand-Will-Push-Oil-To-100.html

Patel now Karsten, filtered.

There's a ton of news imminent as many here have documented.

Should see much more than 40p by end of Sep if Kenya FDP approved during Sep as expected.

Adie

So the company would be completely idle/inactive if a takeover wasn't in the offing? I wondered why I wasn't seeing Rahul down the boozer during the day as much.

Tango

Agree with that re Kenya

Tango

Peel Hunt rating won't do any harm, but broker recommendations didn't prevent the sp from falling well below recommended values, so probably won't help the rise either.

Positive actions (debt buyback), announcements (Jubilee SE, GHANA gas, Gabon extensions) and director dealings (share purchases) have had a much more beneficial effect.

And this was published yesterday, before today's Gabon RNS

Posted by xxnjr on ADVFN:

"The 2025 7%'s have recovered from about a 55% low to c.65% now.

whilst the 2026 10.25%'s have gone from about 75% to 83% now.

The cup is starting to look half full after years of being almost empty."

I said 40p is very imminent. We're going much higher after that, just maybe not next week.