focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Happy, I did tell you to delay your response until next Friday and you might have conjured up something a little more substantive on the sell side. Nah ! On reflection, you probably wouldn't..:)
You've read it already Happy, someone like you wouldn't be able to resist it. Besides, it's only a few paragraphs and you're struggling to come up with more negative bull**** lol. Don't stress giving yourself a tight deadline. Leave your reply until next Friday - relax :)
The devil was on my shoulder about 6 months ago but not now. Having waited so long, to sell now may well make you miss out on the bonanza that could materialise in 2024. Of course the main variable now is the oil price for the next 2 years.
Suppose just wait for the next new account........
Talk is cheap and you do plenty of it. You won't risk your cash on shorting Tlw.
The tax dispute if it has gone to arbitration, is 18 months away from a decision so my point still stands.
Anton, that's what I was thinking also - why put it in place 18 months before you need it and pay 20mln a year for the privilege?
Can someone confirm that Tlw will pay interest equivalent to SOFR for "the facility" whether or not any part of it is drawn down . The facility is open for 18 months which coincides with the 2025 bonds expiry and Tlw possibly incurs interest at 5%pa for having that facility in place and not used?
This is good news whatever way you look at it. Waiting for Happy Investor's new prediction of a rights issue..............
Tullow has a commitment well on their acreage in Ivory Coast for 2024. Rahul was very circumspect at the last conference call when asked specifically about the plans for a well there .
Not sure what other companies are "running" in the small/mid cap oil sector. If you superimpose the charts of some of Tlw's peers, it might put Tlw's performance into context. Not great but no worse than others in the sector.
Its pretty clear to me what's going on. Leave aside carried/working interest. This is the Kenya govt looking (by whatever means possible) to get as much of the Total/AOI stake as possible by withholding approval of the FDP. If and when they are satisfied they will negotiate with either India or China to sell part of their stake for a once-off gain with a remaining interest in future revenue from operations. This could go on for years if Tlw don't play ball. Kenya demonstrating just how challenging doing business in some African countries can be.
Well I did say "provided Tlw shareholders % of the enlarged entity was realistic". With over 50% institutional ownership its unlikely a deal would be approved if we were being shafted. It is precisely the medium to long term prospects of Tlw that i am concerned about. Forget about Kenya - if it happens then icing on the cake. At the moment its a joke the way the govt is behaving and it shouldn't be built into any investor's assumptions. After that, a new gas deal in Ghana and sweat the Jubilee asset. Then you are struggling to see the growth prospects of a firm that has bowed out of the exploration business. An updated strategy required from Rahul...
At this stage, an all share deal would make sense provided Tlw shareholders % of the enlarged entity was realistic. Tlw would ditch LSE listing for NYSE listing that properly values Oil/Gas companies and the new company would have scale in West Africa that it doesn't have now.
Ahead of UN Climate Summit : France, Spain, Ireland, Kenya and 11 other countries push for an end to new oil and gas projects
Given the low volume we'd hardly need a sumo wrestler to sit on the SP now would we?
Not that curious really. The General Public play with their own money whereas the "Industry" plays with somebody elses money. The "Industry" also makes up the rules of the game to their own benefit and can manipulate the activity to ensure they always win. The General Public don't, and never will, have the inside track. The General Public sometimes get lucky and that's all "we" can hope for.
Shorters bail out has just started - price spiked to 34.7p - apologies Anton
The shorts in Mar 2013 were 2.25% when the SP was stg 11. The shorts now are 2.67% with the SP @ 34p. Enlighten me as to the relevance. Agreed, if they all bail out together to 0% there will be a spike but why would that happen based on the last 10 years?
Apart from a brief period in 2019, there has been on average at least 2.5% shorts out on Tlw since 2013. What is this board's obsession with shorters. There are investors who sell shares for a myriad of reasons and they are not professional shorters. The level of shorts on Tlw at the moment is completely irrelvant its so low. Low volume and lack of news of potential growth is what is holding the SP back. It will turn - eventually. Along with a general malaise of the sector. Check out Tlw's peers.