Member Info for TimmyG

Many shorters seeing their profits starting to evaporate now. This could go boom at any moment!

It explains why the SP is so incredibly low although I didn't like the tone of the article where he refers to the 'so-called capital markets day'. We are in a much stronger place now than when the SP was much higher. I have every confidence Rahul has a very well thought out plan for Wednesday and I'm sure he will win over lenders and investors.

I think this will be the last time to top up at these levels.

Tullow's hedges in place - Tick
Redundancies and other cost saving actions - Tick
Rising oil price - Tick
Vaccines ready to be distributed - Tick
Savvy CEO with a personal interest in a higher SP - Tick
CMD ready to win over serious investers - Tick
A massive number of shares shorted needing to be bought back - Tick

I'm sitting on my modest number of shares and getting ready for take off! They can shake rattle and roll all they like but no one is getting mine until this hits over 80p. All in my humble opinion of course :0)

Was hoping to get a chance to buy back what I sliced! Back in 100% and looking forward to the next rise ahead of Wednesday. Bring it on Tullow!

Whats going on with Premier?@? They post reduced output forecast and shoot right up?

Sliced 20% of my shares today at 23.40. Just not used to seeing such a steady rise but feels so good to be seeing good profit again. I was probably overly invested in Tullow (all my eggs in the same basket) so I'll reinvest the 20% some where else if this can hold its gains. Anyone else get caught out today?!?!

Michaeliz1 are you invested, waiting to invest or shorting? It's always nice to know someone's angle. I don't want to make an assumption about you before I know where you are coming from. A shorters angle is as valid as anyone else's. I believe there will be another jump when the cash hits the bank. There are loads of investors who are in cash at the moment waiting to come back into Oil at the right time. Tullow is a much better place for their money than it was. The Capital Markets day will be significant for laying out a future road map. If you haven't had a chance to listen to Rahul then I would recommend you do. He is a smart cookie. He is also set to make much more money than most of us (except you Steveo) when this hits 50p. So I wouldn't bet on this going down. It may not jump as dramatically as I would hope but slow cooked shorters are even more delicious than grilled....

People shorting are not stupid. Tullow never holds its gains, it always slips back. They just hold their nerve knowing the Jonny come lately's eventually take a quick profit as soon as it looks like slipping. As far as I could tell the MM's completely controlled the rise today. They appeared to run out of shares around 21.90 and they fought to hold it down by posting much lower bid prices. Eventually the tide reversed when edgy investors assumed it would drop. I am probably wrong about that but I prefer to blame someone else rather than myself for believing the hype that flows during a rise on here! However one day soon it will properly break away from the shackles of the 8.5% shorting this share and when it does it is going to a beautiful moment. I hope I've got the patience to wait to see it.

I believe Tullow are on the Moody's list for ratings that have been on review for more than 90 days as of 31st August 2020. The reason given for them remaining on review is 'Merger/acquisition/divestiture event'. Does this mean they are waiting for the money to hit before they complete the review? I am guessing the best we could hope for is to be moved back up to B2 from B3 which will put a little distance between Tullow and the Caa rating (obligations rated CAA are judged to be of poor standing and are subject to very high risk) which we are sitting far too close to at the moment. GLA

Slift with all this movement from day traders and shorters I am guessing a big factor is if Tullow can attract back the serious long term investors that have bailed out. I'm guessing they won't come back until Moody's upgrades their credit rating which I believe they look at quarterly? Any thoughts on if/how the 575 mil may hasten a rerate?

Maverick D

Yep, I've been reading all afternoon about gaps being filled and special investors arriving and golden crosses and all sorts of very positive things and all the while the sp has slowly dropped as all the jonny come latelys pull out a quick profit.

I hope you are right.

43,350,203 trades before lunch! Wowsers!

Even with this rise this is still a no-brainer with the stability this cash brings. We are in a far better position than when this was 39p and a lot closer to a vaccine for Covid. 40p plus is a no brainer now for me. Well done to all who held their nerve. Wahooooo!

So good to see this climbing to where it belongs. This is coming together very nicely now. Steady as she goes Tullow. In Rahul we trust!

Davstock - Tullow's SP has always defied mans logic. It is governed by a higher power..... or lower pond life scum. I have my suspicions which.

Loaded up again :0) More shares = more money made on the rise. Simples

I'm okay with the drops now, it's happened so much it doesn't stress me out. I try and buy in a little more when it's down and don't get too excited when it's up. It's been right down and jumped right up a couple of times over the past 6 months, it will do it again, especially when the 500 million lands. If you are in for a quick buck you will make it shorting or riding a bounce but ultimately in my opinion I believe it's worth holding and checking back in once the Covid storm has passed. In the meantime Tullow keeps on making money, paying down debt as Rahul concentrates on the long game. All imo, of course.

Let's face it, regardless of charts and graphs if the 500million is announced as delayed then the SP will drop but if it lands in October as expected it will jump. I hold and 'hope' that the money lands and the Capital Markets day in November is received really well. Tullow are streamlining, paying down debt and they are still enjoying hedged prices and enjoy some very low cost production. Rahul seems like a smart cookie so I believe that as long as the oil price starts to slowly increase within the next 6-12 months they will ride out the storm and come through with an SP of 3 or 4 times where we are now but that's my educated gamble based on some facts and feelings! GLA

Any explanation for the massive drop sudden drop? Did someone just sell a gazillion shares? Maybe the news will drop tomorrow and the MM's wanted to do the shorters a favour and give them an easy way out before they burn...

'no.. time to switch over to PMO. Tullow has had its rise. good for those lucky enough to get in at 15p or lower.'

Downbutnotout that is rubbish! A huge chunk of PMO investors are now with Tullow. Things must be getting desperate if you are back here trying to drag others back. PMO are just rearranging deckchairs on the Titanic, Rahul has a real strategy for Tullow and it's one that seems to have its share holders in mind....