RE: Sell it at 8:30 buy back at 15:0015 Feb 2024 14:54
301 shares were sold @31.5 and as SD says, take commission, stamp duty out of that you'll be like J Bond, booking 8 weeks in the Alps (cleaning the chalets)
And you see JMAX, this is why people call you a de-ramper. The SP went from 38p to 31p between Jan 3rd and Jan 10th. The rns came out on Jan 24th. It might be a convenient explanation but its just wrong.
There was a temporary spike when the directors actually bought shares (as opposed to being gifted them) and that effect soon faded. There was a temporary spike when we apparently reached 100bpd at Jubilee (for a nano second) only to find a problem with the water injection that brought us back down again. Rahul is definitely not a "lucky General".
Now we have recently had a forecast for 2024 which is lower than the forecast we had this time last year which now includes Jubilee South East. Do I really have to spell it out for you?? Because the RNS gives you no possibility of growth in 2024 and with a Tax arbitration to come (that could go either way) the SP is drifting with the OP. The volume shouts "nobody is interested in Tullow" and having read the rns I can see why.
When I read the rns I said we'd either get hammered straight away or it would be death by a thousand cuts. The only consolation is at 28 p the management start to feel the pain. And we all know how important money is to them. They really should be ashamed to publish sh**e like that. Leasing a rig but take a drilling holiday for 6 months ?? Tullow was supposed to complete a commitment well in Cote D'Voire in 2024 but suddenly there was no mention of it. Next door to Ghana yet we have no use for the rig.
JMAX, demand is not falling. Only last week the IEA revised demand growth for 2024 to 2ml bpd from 1.4 mln bpd. The issue is supply - sanctions on Iran and Russia hasn't worked and that is why the Russian economy is buoyant at the moment. The official production figures doesn't include the "dark" fleet of oil tankers shifting oil for Iran and Russia.
With the IMF all over the Ghana Gov, it makes sense for them to just let a tribunal decide. Then if it goes in Tlw's favour they can say they tried to levy as much tax as they could but were prevented by the international tribunal. Now give us some more money...............
Oh and by the way Rahul intends to freewheel for half of 2024 - I'm surprised we didn't get hammered but unless something is pulled out of the hat it will be death by a thousand cuts