GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
After following TLW for so long it would be a shame to miss out. TLW have turned themselves around just on their current production assets, oil will remain above $80 for the foreseeable. Revenue generation will continue to improve, balance sheet is improving. Sentiment is improving, It’s only a matter of time until shareprice recovers
35p in my opinion is still very cheap
DYOR
Results in my view were an improvement from last year. TLW heading in the right direction. I don’t get the argument thatTLW would go under if Oil was not as high as it it. Well TLW did not go under and the general consensus is that Oil prices will remain elevated for some time to come.
I will continue to hold. The downside risk vs upside is well within my acceptance tolerance. I look forward to seeing how TLW develops over the next year. It’s good to see TLW recognise shateholder stake in Kenya
“Kenya continues to remain an important asset in Tullow's development portfolio, with the potential to add material reserves and create value for shareholders.”
It may take some time but I am very patient.
Yup. As I said previously, why buy into Kenya for 2-3B when you can have Kenya, Ghana, Surinam and the rest by buying Tullow. Tullow current Mcap 516M+ 1.9B debt.
Seems a no brainer to me. Let’s see how this unfolds.
Full year guidance, Tullow forecasts full year free cash flow of c.$200 million. At current share price market cap is c. £520 million. I have high confidence that Tullow will meet this target and therefore think, on guidance alone Tullow is cheap.
Upside factors
Kenya farm down
Gas deal with Ghana
Oil Price upside
With winter coming, global energy shortage,China won’t stay in lockdown forever, European Russian oil embargo nov 22. Russian response to oil price cap Nov 22. OPEC+ oil production reduction Nov 22. US SPR at record lows and US oil storage levels well below the 5 year average for this time of year. I see high oil prices throughout 2023.
How many unhedged barrels do Tullow now have, and when does current hedge run out.
My conclusion, keep the faith 2023 I predict a good year for Tullow
DYOR
Maybe it’s the Indians. Why pay $3B for Kenya when you can have Kenya, Ghana and The rest of TLW for current market cap of £750M. Even with the TLW debt ($2B) it would seem a course of action worth considering for the Indians, and I am sure they would offer us share holders a better deal than the proposed Capricorn Merger.
Just my musings have a good weekend
I think this is currently a very cheap share price despite the debt levels. The revenue generated by TLW with the $70 hedge cap for 70% production and an oil price above $80 should be north of 1.5B. This is over 2x current market cap. TLW are funded with a good plan for production growth which will increased revenue, service debt and generate FCF. Value will win out, the patient will be rewarded. Hold tight is my recommendation, DYOR
OPEC+ have worked extremely hard to reduce the global oil glut. If The pandemic has taught OPEC anything it is the market needs stability. The market is worried that KSA and UAE who have been the closest of allies will start a price war and compete for market share this destroy the OP and undo all the hard work and sacrifices they have made this last year. My view is that KSA and UAE will resolve their issues in the coming days weeks so stay calm and enjoy this buying opportunity.
I rarely post these days, but I dipped my toe into this stock today at 49.8p. Based on assets and revenue, debt etc, this is no brainer. Reminds me of Glencore a few years back. Just hold tight, this time next year this will have recovered and traders, rampers derampers, shooters bulls bears will be long gone. Will hold this in my portfolio until then. GL every body be patient, Rome was not built in a day ??
I am still in. Not overly happy with MT leaving but the fact he is still funding the company and now these new players in the game makes me wanna stick around a bit I get. My 8.5 p average means i have a substantial paper loss but I think I will get my money back.
It seems too coincidental to me that with the release of news of call designs plan to list on ASX and MTs resignation from BOS are not linked. I have no doubt that MT will continue to pull the strings at BOS. He now owns 43%. Of BOS. And BOS owns 40% of Call design of which MT is the Chaiman. What MT is planning, one can only speculate. Merger, RTO or take over for a dual listing. Maybe MT just wants to list call design so it has a value for all to see which would reflect in the BOS share price? Ultimately MT is still propping up the company at 16p per share with options at 20p and he will want a return on his investment like we all do. Why he left, maybe he had to, I am still holding and will continue to see how this plays out. Interesting times I think
So muchhorse manure. A company will do what it can to protect its IPR, simple. i gadget,lex et al are now all commercial lawyers, trying to convince us they are useless. You are grasping at straws to keep talking down the company imo. The company have provided a demo Of the product, they have announce some quick win sales, MT has recruited a high profile team, which he could not have done if the BOS products were not quality products. They have announced sales in Australia, Malaysia, India and now the US Call design announced a 1.3m deal earlier this year. There is the gartner proposition. The product has been endorsed by MSP and other resellers MT has set up companies in Australia, Hongkong and now from latest RNS in the US. If you recall he stated he wants to set up offices in all three of these countries as well as the UK. So his moves seem sensible. The company is still in early stages of growth, so I will be keeping my investment and will see how company progresses, and not listen to the constant winging of the ney Sayers on this board
Possibly. We are close to results though so maybe in a closed period. Time will tell. Nice rise today. Hopefully more to come ))
Agreed and I suspect it will happen sooner rather than later.