Member Info for TimmyG

It's not the shorters driving this down its the MM's looking to hoover up your shares nice and cheaply and let some of their shorter mates out. Oil is flying and this SP is underpriced in my humble opinion. I am keeping a hold of my shares and will add on the dips. I've missed the bounce too many times. Good luck all

Loved reading the chat feed today and I would personally love to see the shorters burn. I’m buying back in tomorrow and will do in smaller chunks. DEGIRO on charges a couple of quid a trade so it’s immaterial really. Happy to buy and hold, this should be above 50p anyway. Vive la revolution.

Probably a silly question but is there a way to calculate what the share price would be without any of it shorted? It would be interesting to know what impact the shorters are actually having.

Interesting article! Commodities are a safe bet and Oilers certainly haven't rebounded anywhere near as much as other industries. This has fallen a long way to it's lowest levels for no good reason, it's heavily shorted and Petrofac has a very decent cash flow and balance sheet. At these levels it's top up on the dips time not panic time for me. Very happy to Hold and will put more in if it dips below 115. Short term based on the manipulated drop I believe this could recover quickly to 150+ and long term who knows...GLA just my opinion.

Ha ha ha!! No I didn’t know, erm this is embarrassing. Glad I could bring some light relief to the chat tonight. Thanks Slift...... :0) Someone say something interesting and technical and change the subject

Hey Deeko, I hear you :) I understand the long game. I had 7k in savings doing nothing back in March. I’ve turned it into 10.5k mostly from Tullow. Started at a very good time just after Covid hit so I recognise I was lucky. My plan is to try and get it up to 14k and take out the original seven and would leave 7 in Tullow for the long term. It’s a strategy and it’s floored I’m sure but hey it’s a plan. I have learnt not to get too attached to a share but I recognise there are people here who have no choice who must go long and I wish them all the very best.

Ha ha! Sorry to dismay you! I sat on Tullow shares from buying at low teens in March 2020 and watched them go up to 38p. Happy days, I then watched them go all the way back to 14p ish. Not so happy, big paper loss. They then recovered up to 34p very healthy profit. Instead of sitting on my hands hoping they would go up I diversified and day traded as they fell. It means I’m now sitting on the same profit as if Tullow was at 34.5p. Older, wiserish and slightly better off. I got naffed of just watching powerless as others come in and take a quick profit at my expense. I tend to hold half of my Tullow shares and day trade the rest if there’s a good opportunity. I get some wrong but I feel more in control. Everyone has there own strategies. I still feel Tullow is going up, just not in a straight line.

I sold all my Tullow shares at 27.50 today. I don’t actually know how but with my trading over at Petrofac over the last two days offsetting the losses here I actually managed to finish £300 up despite the Tullow drop. I feel like I need to take a breather and consider if I have the stamina for this. I have no clue of this is going up or down. Will wait on the sidelines and see. I don’t actually care if it jumps, I’m just so relieved I didn’t sell when I was £1200 down this morning. I’m sure I’ll be back, GLA

I think it's worthy of an RNS but it's hard to find out what the real value of the contract is anywhere? Any idea anyone? Any positive RNS will see this jump, it has been so hammered down.

Toothache - I called you the Oracle, the all seeing one, the man in the know. The one to be heeded and obeyed. Thats how I remember it? I hope you made some good cash on your predictions :0) We are all here to make money. Lots of people have lost lots of their's over the past few days so I'm not sure it's a time for told you so's but have your moment mate and enjoy it.

This new enhanced contract is great news. It highlights that the industry are not bothered by any perceived scandal clouds over Petrofac. It's going up again folks, I have just snaffled up another 3000 of them at 120. Buying on any dips now, this is one way from here in my humble opinion.

Well it's been a torrid morning but I managed to pull out of Petrofac before their fall to come all in back here at 23. Need to see a bounce now. 26.20 will see me even on the day with a lot more shares. Here's hoping! GLA, this company has never been one for the faint hearted!

Why jump there? The effect is spreading over here and Tullow has plenty of Shorters who will hopefully be burnt. Today was brutal. I managed to make a small profit on the day because I pulled some out to invest in Petrofac. I am still heavenly invested here and less sure by the day. Hoping for an SP bounce over the next two days and for the shorts hunt to hit tullow otherwise seriously considering pulling out completely. GLA

This will bounce. The update doesn't warrant this drop. Very good value at the moment. Don't give up your shares easily. Tullow may be the next to benefit from the global Short Squeeze movement going on at the moment.

DG1066 - You are sweating! There is no way this is going back down to 100! The short squeeze is well and truly on!

Why sell up for 5% profit when you can take 250%. This share has so much room for recovery. It is very heavily shorted and still has the bounce back up to Nov oiler SP boosts when the vaccine dropped. Then there's the bounce back to pre March levels when covid is eventually behind us. Feb 20th last year this was 371! The potential of a fine is well and truly worked in to the SP pre-covid. This could and really should rocket very quickly. All in my opinion, DYOR

Well I must confess I got fed up this morning. This gets played so much. Sold half when it got back up to 30.6 and stuck it in Petrofac which then jumped. Looks to have been a good move at the moment but we will see! Still heavily invested in tullow but not putting all my eggs in one basket. GLA I thought it was a good update too!

Well that fizzled out! Cautiously optimistic for tomorrow though. Will the SP spark and surge or underwhelm and flop? This is why we are here boys and girls! By leaving all of my shares in I feel I have just put it all on black! Or was it red?

Some shorting are looking for the opportunity of these little dips to get out when they can. There will always be a bit of profit taking but this could shoot up dramatically any time. Interesting to see where we end up today. Either way this is has plenty of legs to run a lot higher yet!

With regards to the article below. I realise this has an estimated 34% geological chance of success but what might that mean to the SP if they hit good quality black gold? Anyone have any comparable precedent?

Tullow Oil has spudded the Goliathberg Voltzberg North-1 (GVN-1) exploration well on block 47 offshore Suriname, according to partner Ratio Petroleum.

The drillship Stena Forth is drilling the well in 1,900 m (6,234 ft) of water. According to the best estimate of NSAI’s report, the potential in GVN-1 is estimated at 235 MMbbl of oil with a 34% geological chance of success. Preliminary drilling results are expected within 70 days, the company said. Block 47 spans 2,350 sq km (907 sq mi).