Member Info for Starboard

...of IG Index clients are long TLW

NSVPatel

Good question. Why are you here?

The invezz article is easily demonstrably factually incorrect. The article was published yesterday, and states that TLW is trading below all its' MAs, without stating the timeframes. Taking 20, 50 and 100 day EMAs as typical for many traders, TLW can be seen trading between its' 20 and 50 day EMAs all day yesterday, closer to the 50 than the 20, thanks to a positive update on Wed. The article appears to have been written before Wednesdays' update, then hastily published yesterday without correction or mention of Wednesdays' strong update. Why do actual work when you can get paid for publishing nonsense?

Diversifying outside Ghana will be good for credit rating

Clearly they're not concerned about Tullow's ability to survive refinancing bonds at higher rates.

Is anyone in a position to summarize how much will be paid off and how much will have to be refinanced and when, assuming no Kenya sale (although I believe a sale will happen).

So a CEO can manage the share price? Please do tell PG and please also share the names of companies that manage their share price in an ever-upward direction, as I've never observed this phenomenon and would love to have only companies with managed SPs in my portfolio. Ordering the superyacht now!

I don't believe there's a known barrel of oil that won't eventually be extracted wherever it is in the world. It's too energy-dense, too valuable and soon, thanks to years of under-investment, too scarce. It's value alone means it would be politically career-ending to leave billions of $ in the ground of a country that badly needs the revenue.

He's talking about Kenyan energy generation and consumption. Doesn't specifically refer to what Kenya should do with their fossil fuels, such as allowing their extraction and subsequent consumption elsewhere.

Not recommending this service, or going to subscribe myself, but this Stansberry Research ad makes a compelling case for being invested in oil right now.

https://orders.stansberryresearch.com/?cid=MKT667330&eid=MKT670680&step=start&plcid=PLC153696&SNAID=SAC0024786323&encryptedSnaid=b0dKKejE%20WAu31BZFErgwvXKJQs3K2MPpzgltGFfavA%3D&emailjobid=5215599&emailname=20220912-190631-ALT-Issue&assetId=AST258297&page=2

Dodgy EIA demand figures, fist-pumping murderers on the world stage and release of strategic reserves being three methods of manipulation in the mainstream consciousness. There are probably others of which most people are unaware.

Super, remember high oil prices are a double-edged sword for TLW. The higher the price, the more is left on the table as a result of hedging made necessary to secure funding, and the future of the company. That amount will be announced in the HY results and be treated as a material loss by the market.

The sp gapped open, in a possible breakaway gap, closed 3% up, sand some people are still not happy. Wow.

https://oilprice.com/Energy/Crude-Oil/The-Worlds-Energy-Problem-Is-Far-Worse-Than-Were-Being-Told.html

The problem with the results is that the money left on the table as a result of the hedging will be reported, and will be treated by the markets as a realized loss.

The SP was up 6% yesterday; a slight pullback today is normal. It's unrealistic to expect it to rise in a straight line.

We are rising and falling with other oilers as the sentiment around the future of oil demand fluctuates. Halliburton was almost 44.00 in June. Even after yesterday's 8% rise it's now only 31.21. It was as low as 26.33 last month, a 40% drop from the previous month. In fact, on bad days for oil, we seem to do better than many oilers.

In many cases, mergers don't deliver the synergies announced, and the merged entity can get bogged down in internal power struggles. The SP fell heavily after the merger announcement. Had the merger not been announced, the SP would probably be 10 - 15p higher than it is today.

A poor set of results announced in March undermined confidence in Tullow as a recovery play. Until it demonstrates it has transformed, by announcing decent results (costs under control), sentiment will remain cautious.

These are a few of the things driving the SP action.

All the oilers are up on the strongly rising oil price. Halliburton up over 8%, Exxon up 3.9%, BP up 2.6%.

Suspect the strong oil price is the result of Saudi comment that OPEC+ could cut production at any time, along with other comments that are bullish for oil.

https://oilprice.com/Energy/Energy-General/Saudi-Minister-Says-OPEC-Could-Cut-Production-At-Any-Time.html

AntonVB

Something has changed between yesterday and today; Major CNE investor Madison Avenue has criticized the proposed merger price. They see CNE worth 300p per share.

I haven't seen a report yet that says anything other than that the potential Indian investors are seeking to take all of Tullow's 50% stake.

Mr Skipper, we don't Hoover anymore, we generically vacuum.

Jmax, Oil price manipulation for political purposes?

https://oilprice.com/Energy/Oil-Prices/Dodgy-Demand-Data-The-Oil-Price-Collapse-Conspiracy.html