The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I kind of hope we get another bite at the low lying cherry tomorrow. It takes a few days for funds to get into DEGIRO so I can trade. I have been waiting patiently and I can now top up a chunk more tomorrow. Hope I can get in there before it jumps. They can’t hold it down for ever :0)
DT270380 - Erm, you've been invested here for 4-5 years but you have only written 5 posts and none on this board? The SP drops and all of a sudden you announce yourself by slamming my post. Stylish! More accurately you decided to go short and jump on the band wagon to make a few quid but already you are getting nervous because it's stopped falling and you know you are going to have to buy your shares back as this is now going back up. Desperate.
Timmy
The amount of posts on this board that include the line "i wouldn't want to be out of this on xxxx" is laughable. I've been invested and followed Tullow for the last 4-5yrs and there are very few people who actually have a genuine, intelligent view - most ppl spout the usual rubbish like the aforementioned line....IMHO
This reminds me of Tullow as it used to be last year! We have know an unusual period of calm but back to reality with a bump this morning! Buy on the dips, I have topped up more and have every confidence this will rebound through the day. No one should want to be out of this as it will open up on Monday as expectation grows ahead of the 27th! All in my humble opinion of course.
This is actually holding incredibly well. Tullow down 6% on the oil drop and other oilers suffering too. This is going back up again, hold on! Lovely picture of a rocket earlier but I get more of a hot air balloon just about to break away!
What has changed over the past few days? Nothing! There is no sinister plot, people just need to hold against the pressure as the MM's and shorters take this down. It will come up and quick. If you were hoping to make money today, maybe not but this time next week this will look very different in my opinion. Strong Hold for me! Seen this happen again and again. Fortune favours the brave.
Don't be discouraged by the little drops. Investors who have seen this turn are now waiting for any drop to buy back in, they are already regretting not getting in at 110ish. MM's will play this to make as much as they can but ultimately there are far more buys going through than sells, this has at least 120 all over it today. In my humble unqualified position!
This is only going one way now! Back up :0) Hold on to your hats! Well done to all who held firm.
This is about to shoot up, join me around the bonfire and warm your hands on the shorters as they burn. Lots of investors who bailed on the drop standing on the sidelines waiting to get back when they know it's stable, loads of new investors starting to dip their toe in expecting a quick rise. As shorters start to close this will be in and out of auction. This time Friday this share price will look like a bargain. No great science just the strong influence of FOMO.....all in my opinion! I'm happy to be invested and sticking around until £2
Just a little reminder of Moody's rationale for Tullow Credit rating downgrade back in Nov 2020. All looking a little silly now as they based it all on a stupidly low forecasted oil price.
RATINGS RATIONALE
Today's rating action reflects Moody's expectation that a more prolonged downturn and slower recovery of the oil prices in the next 12-18 months, compared to previous expectations, will significantly affect Tullow Oil, given the high FCF break-even point of Tullow Oil at approximately $40/bbl. With no or limited sustained recovery in the pricing environment in the next 12-18 months, Moody's does not believe that Tullow Oil's capital structure will be sustainable in the medium term and it remains doubtful that the company will have the resources to repay the $650 million senior unsecured notes maturing in 2022, in the absence of additional disposals (which may weaken the profitability and/or the growth prospects of the company further) or capital injections from shareholders.
While Moody's positively recognizes the measures taken by Tullow Oil in order to sustain its cash flow generation and the successful execution of the disposal of the stake in the Lake Albert Project in Uganda to Total SE, those will not be sufficient to offset the very weak operating environment for oil producers, heightened by the moderately declining production (Moody's expects a production around 65-70kbopd for 2021 and 2022) and the limited hedging book in 2022 with only 3% or production hedged so far at $50/bbl specific to Tullow Oil. These would significantly affect the company cash flow generation going forward as Moody's expects a broadly neutral cash flow generation in 2020 and 2021, on the basis of an average price of $35/bbl in 2020 and $45/bbl in 2021, and an only marginally positive free cash flow in 2022.
Hi guys, newbie here but watching for some time. Jumped in at 13.99 as the results do not justify this drop. I am sure there are many investors who bailed this morning waiting on the sidelines for this to stabilise before jumping back in. This is only going one way now in my opinion. GLA
Hi guys, newbie here but watching for some time. Jumped in at 13.99 as the results do not justify this drop. I am sure there are many investors who bailed this morning waiting on the sidelines for this to stabilise before jumping back in. This is only going one way now in my opinion. GLA
Tulllow is holding up really well compared to other Oilers today. The still has a long way to run, many more shorts to close and Rahul couldn't have hoped to have seen oil rise so quickly. It makes a mockery of Moody's credit rating, muppets!