Oil is above $73 should be a good day
Big Risky:
Enquest and Tullow are like comparing chalk and cheese. Tullow have an expected production range of 59k-60k per day, which has reduced from 65k-66k due to prudent asset sales and to increase cash flow $400m in the bank. The market has been fully apprised of this hence no nasty surprises expected.
On the other hand, Enquest have had poor management of oil price hedging at an average of $40pb and production has been affected big time due to bad management and technical issues. They have done a cash call today offering shares at 19p and shareholders also face a significant dilution. Some nasty surprises in their results rns today.
We will not have these issues with Tullow on results day 15th Sept rest assured.
Brent at $74 and Wti back above $70. Fantastic !!!
Sp is likely to end the week Sub 15p. Get out while you can.
Fallback in tullow started in July actually due to unsteady oil price. Oil only just back in the 70's this week. Plenty of upside in tullow going forwards. Be honest with your board members.
Long road back from 15p. Guys sell out now and get onboard Tullow Oil.
Guys this is heading towards 15p. Get out whilst you can. Tullow oil plc is a much wiser investment.
Brent nice and steady @ $71.5 from the earlier drop to $70. Increased certainty in oil price going forwards sets up nicely for co. results in 2 weeks time.
Today's meeting today didn’t yield any noteworthy surprises as the group, after a very rapid meeting, decided to go ahead with the already planned 400,000 bpd increase. Sources also suggested that most OPEC+ members are happy with Brent crude prices around $70 per barrel.
*At least no controversy this time - good news for oil price with the increased certainty created from Today's meeting*
Surprise surprise market closed and PoO / Brent back above $72!!!
Classic Market manipulation at work. Wait for 4.30pm (LSE close) it'll be back flying again.
Let's pray for another 9% rise this week which will take is to circa. 50p. Oil is off to a flyer, Brent currently @ $73.5pb, wti near $70pb.
I'm confident we will see 50p Tullow sp this week and onwards and upwards.
PoO upside continues. Brent now at $73.5pb. Great news for Tullow sp hopefully.
Re: Sadanby
This hit 46.3p yesterday and opened at 46.0p today. We will realistically see 50.0p (given the upside on PoO currently a shade under $73pb) by next week so de-ramp all you want but you won't prevent the obvious. Last time PoO was at $76pb Tullow was in the late 50's so nothing has changed since then fundamentals wise.
A very nice 9% rise on the sp week, strong company fundamentals, a rising Oil price so looking very positive heading to H1 results 15th Sept. I reckon we will be looking at 65p prior to results day. Enjoy the long weekend all.
Brent now at $72. That's a 10% rise in 3 days. All things being equal we'll be at $75 very soon and into the 50's by Friday for Tullow sp. Another great opportunity to top up here. Patience is paying off after the disastrous last week for all oilers. GLA LTH.
Directors can't buy shares in the company they are Directors based upon information which is not officially in the public domain i.e. insider trading. The risk of falling foul of this could be a reason. But the fact is that not all company Directors buy loads of shares in their respective companies just like other employees. Salaried Directors I'm referring to.
I think the re-rating will go off next Tuesday's closing sp. We should be into the 50's by then so good chance of retaining Ftse 250 place which let's be honest looks good on paper. If not we kick back to the Ftse 350, practically there's no major difference, sp is not going to tank as a result I can assure you.
Fantastic too see Tullow up 2% whilst most other oilers are down this morning. Positive news on the horizon mm's know what's going on. Time to load up everyone.