Member Info for Tambo210

25p isn't bad actually . Still sitting on a profit, Compared to my 95p cost basis for tlw!

I think I'll channel some dividend income into HBR next and see if I can tank that stock too. My cost basis for that is north of 2000p.

RBC cuts Morgan Advanced Materials price target to 330 (370) pence - 'outperform'

@antonvb - OUt of interest, what's your cost basis?

Not shorting...just reiterating that TLW never ceases to surprise on the downside.

Oil has been moving up nicely before this week, yet TLW didn't seem to follow.

Same goes for HBR.

Oil services stocks have been hammered this week. DVN is looking a nice bargain + variable dividend.

(Scrodingerscat - have you trimmed your position over time?)

OMG! Last time I checked, this was knocking on the door of 39p.!

Good ol' TLW. Never ceases to surprise on the upside. These PT's are going lower because they look stupid. Even 55p in 12m is a pipedream. Probably would have gone to 40p, but felt sorry for TLW.

Brent is at $90 and WTI at $88.5, and this sorry stock is falling.

Market seriously doesn't have faith in its ability to profit from its licenses to boost cash pile and lower debt. Political situation in Gabon has put work by TLW on the back burner (despite the extension). Why invest and drilled if you could be ousted once oil flows?

As for Kenya....my oh my! This time next year, no progress or the license will be handed back (sold).

Jefferies cuts Legal & General to 'hold' (buy) - price target 230 (335) pence

Quite a chop in PT by Jefferies...Can't find any narrative.

Jefferies cuts M&G price target to 225 (235) pence - 'buy'

Jefferies cuts Legal & General to 'hold' (buy) - price target 230 (335) pence

I set a 'Buy order' at 215p last week. Couldn't believe it when I saw my emails!

Nice top up for me too. Just need my MNG 190p buy order to trigger and it'll be a nice end to the year

Deutsche Bank raises M&G price target to 230 (220) pence - 'hold

As for next-generation genomic sequencing, Bernstein said it’s bullish on Pacific Biosciences (NASDAQ:PACB) but bearish on sub-sector giant Illumina (NASDAQ:ILMN), due in part to a shift from short-read sequencing by synthesis, or SBS, which Illumina dominates, to a “more competitive landscape” that includes technologies such as long-read sequencing.

In the case of Illumina, Bernstein asserted that its “monopoly” was under attack, making it the relative “loser” in the space. Bernstein rated Illumina at underperform, despite a “huge collapse” of its share price. “We think there is further downside,” Bernstein added, setting Illumina’s price target at $111.

Meanwhile, Bernstein said it viewed PacBio as the relative “winner,” stating that PacBio’s pipeline was set up to grab market share in both the long and short-read categories. “PacBio is at a huge point of inflection in growth,” the investment firm added. Bernstein rated PacBio outperform, with a price target of $11.

Amazing to see how far ILMN has fallen.

Still generates revenues +1bn per quarter and is profitable on non-GAAP basis.

Too many board room issues. Need to get back to innovating.

This was bound to happen on XD. Might even see Momentum falling tomorrow below 190p.

LGEN also does the same.

Just collect the div (in an ISA) and sit back.

JPMorgan cuts Legal & General price target to 290 (315) pence - 'overweight'

NAV has been dropping at a slower pace than the SP.

Discount to NAV is nearly 20pc.

Definitely need some articles in the public which hold the managers of the Trust to account.

Whilst the intrinsic stock moves the way it does influencing NAV, The discount is all due to the perception of the Managers' ability to run the fund. Which is negative.

Seakingalpha - POints are valid. The bureaucracy and ego-ism that comes with big players is what led to Macconda incident and deaths. I'm not sure if the Deepwater Horizon movie was biased against them. Schlumberger Transocean and Haliburton could well have played a part, but they went after BP.

I still believe BP, SHell, Total have some of the finest minds when it comes to the offshore projects.

In terms of onshore, HAL, Baker Hughes and Nabors are very capable. But its the money involved in developing the whole thing. From Drilling to final production following and maybe even pipelines. Does anyone have an estimate on how long it would take to get oil flowing if they got boots on the ground tomorrow and money was no object? Assuming TLW had to manage the project.

The biggest disappointment for me was Suriname. TTE at the moment is sitting on a treasure following their drill results.

TLW was unfortunate with their block yield uncommercial amounts of oil.

That would have been a game changer for TLW. BUt they landed a poor block.

Antonvb - They can laugh, but still an interest they can cite without liability.

Let me ask you this:

Show me a credible source which cites the names of the interested parties.

Seakingalpha : Total have disappointed! I agree. BUt Total or BP or Shell is what this lease needs. Tullow can't really move and the Kenyan government know it.

If TLW develops the field on its own, then Kenyan government will welcome the decision with open arms (and then probably screw them with a bill to repatriate revenues from Oil generated within Kenya).

Kenyan government has no appetite to invest.

This project will move when a Big name joins.

Do we really know why TTE walked away from this? I mean developing a field onshore is way easier and cheaper than offshore. Not sure at this moment what the quality of the oil. All I've seen is 200m of oil in one of the fields drilled in 2012. As well with 100% working interest of the fields, their 2C reserves are 450mboe+.

One East African report cited, "TotalEnergies had at the end of last year indicated plans to dispose of its stake, as doubts lingered on Kenya’s ambition to join the league of oil exporting nations."

Antonvb - I could go up to a TLW board member and say I'm interested...and that would qualify as interested party.

I have no intention or ability to buy.

When does the lease expire ?

Seakingalpha - What's the attraction of working with TLW?

They're small time.

If TLW wants to get oil out of the ground, its going to have to pay the Kenyan government to do it. TLW has no leverage.

Its got $1.7bn in debt and its desperate.