Member Info for TimmyG

No updates I'm aware of. Most oilers are green today but its more about a slight adjustment up as this has been so hammered. There are lots of people on the sidelines waiting to get back in not wanting to miss out on any jump up and this is still being shorted to within an inch of its life!

A 10% drop on no news is a sure sign of manipulation. These are nervy times for sure. As long as the wife doesn't casually ask how the shares are doing tonight over dinner I'll be back tomorrow to follow the chat as this recovers.....

Has something terrible happened to justify this or are we just getting fecked over?

Yes and severely regretting it :(

Yes!

Thanks BLSHFTW, a helpful reminder.

Thanks JMAX and all for the comments. It's all about timing, nerve and a little bit of luck! I get it :) I'm staying in for the moment in the hope this has nearly hit the bottom for now. If it it jumps up you'll know I have jumped out!

Okay honestly I am loosing faith but very willing to be put back on the right path. I know people are in here much deeper than me and I know that long term this should recover. However with oil up today and a decent update this has just slipped to -6%!!! That's a steady decline now all the way from from 38p. I know the news is bleak and covid is taking its toll in many ways so what exactly other than a vaccine will stop the slide on this down to 20p etc? Manipulation/Shorters, MM's are always going to be present. Why shouldn't I sell, take a relatively small hit and come back in lower? It seems everyone else is doing it? Please someone give me some faith! What on the horizon is going to help this recover and is it worth waiting? Interested to know peoples thoughts. I can't do blind hope.

Hi Slift, do these land at 7am usually?

Interesting that this went up by 16p in a few days at the beginning of April then we had another 9p rise a few weeks later and then a 13p rise beginning go June. This share really responds well and dramatically to good news! If the results are as predicted then we really could see a 10p rise starting from now.....assuming the results are favourable....! Stacks of variables and of course it dropped back each time as people cashed in profit but it has been a steady riser. My glass is always half full mind you :)

This is crazy! Buying in more at 30p was a steal but sub 28p is a bargain bin territory! There are a lot of people that are waiting today to see how low this goes before they buy back in as no one wants to miss the rise on this one! As this stabilises and moves up this afternoon ahead of results tomorrow we may see shorters having to buy back shares before they get cooked. I am holding fast. I cannot see any reason why the results shouldn't be positive with our hedging etc. Fortune favours the brave, but what a ride with this share! All in my opinion of course!

Brent holding well, no negative news....SP drops by 4% for no apparent reason! This share is definitely not for the faint hearted, it gets played like no other! I know it will come back before the end of today, I need to stop watching it for my own health!

Yep! This is worth more but I guess this is still very much in the range of speculative buyers looking to make a quick profit so as soon as it jumps it is chipped away like Premier Oil yesterday. Building up to the 29th we should start to see some decent traction as long as Brent keeps moving in the right direction. Tullow is making money at this price but there is still a lot of debt. It's all about confidence and until the debt is down and maybe a dividend is back on the cards it's hard too see how it will attract long term committed investors at the moment. It will happen but in the meantime we have to ride the rollercoaster.

It's below 31 at the moment with degiro. I wish it was 50p!!!

https://www.reuters.com/article/us-oil-opec/opec-sees-oil-demand-soaring-in-2021-but-still-below-2019-idUSKCN24F1HB

I think it moved off the back of this?

Can anyone smell burning?

The SP of Tullow stayed steady around the 24/25p range for all of May. It then jumped 13p in three days of trading up to 38p. It has since slipped/been manipulated back down to around 30p with the oil price fluctuations and concerns around Covid etc. All of the bad news for Tullow has been shared. Their oil is hedged, the production costs are crazy low, they have a new CEO in charge who brings a huge amount of experience and savvy, the Uganda assett sale is just about to be voted through. The market will realise Tullow have been making good money, they are leaner and in great health to weather what will be a turbulent few months. No they are not currently a £2 a share business but they could certainly rocket up past 38p in the blink of an eye and in my opinion in 6 months time 29p a share will have been an absolute steal. Unless we are unaware of some really negative revelation that has happened with this business then we are good to rise. This isn't ramping its fact stating. I would dearly love for July to be remembered as the month where the shorters were severely burnt on the of ashes of this phoenix rising!

Or maybe the slow decline back to where we started this morning in true Tullow style! I am hoping for take off....

At what point do you get back in on this Slift? Just wondering about your rationale? You do so much research, more than most of us I'm sure!

Well that's the most positive thing you have said for a long time! The rise generally comes on communicating stong vision and strategy rather than just being appointed. Twitter's new CEO once wiped off 4 billion in value by saying he didn't really have a plan!