The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Are mgmt hoping we’ve just forgotten about it? Strangest drill operation I’ve ever seen...
Exactly Tornadotony. ECO's biggest worry is the partners will walk away from Guyana in the near term at least. Words from Total that they are committed to drilling more in the area gives hope to ECO that they can piggy back off big money. Whether TLW remains a part of it, is tbd. Qataris have a piece of the blocks as well, and could be suitors if Total is not interested.
Good find John. Looking to raise US$5-6m and start trading end of month. Can't imagine the IPO valuation will be much (any) of a premium to the price we paid. Still, good to see progress in at least one part of our portfolio.
It's impressive seeing the sp march upwards even with that level of selling from North. Hopefully they don't need to do much more re-balancing in their portfolio, and can let us get on with reaching our new fair value levels.
dana, check out stockhouse: https://stockhouse.com/companies/bullboard?symbol=t.txp
Good interview, thanks for sharing. Calling TXP one of the really good news stories in a terrible market for O&G stocks.
Target price raised from C$0.50 to C$0.80 on back of COHO & Cascadura.
From today's Orca release:
"The Government of Tanzania is currently reviewing for potential renegotiation the terms of all existing licences and related production sharing agreements for the exploration, development and production of oil and gas in Tanzania. While the details or outcome of this review are not yet known, the Government of Tanzania has previously indicated it will present the relevant parties with its conclusions and plans during the first half of 2020. "
Interesting outcome from Orca's strategic review: stay the course in TZ and return bucketloads of cash to shareholders.
https://www.globenewswire.com/news-release/2020/01/24/1974905/0/en/Orca-Exploration-Group-Inc-Announces-Authorization-of-Substantial-Issuer-Bid-Provides-Outcome-of-Strategic-Review-Process-and-Announces-Focused-Strategy-to-Grow-Integrated-Gas-Busi.html
This is great news for the country and I see both TZ and Barrick are saying all the right things, aka a 'new day' in Africa, and that TZ is a wonderful place to invest in. Hopefully the healing can start now after the negative ripples this dispute caused.
I'd disagree with you on 'investor' claim artrader. 3.5bn shares outstanding in this company, and barely any daily volume. 50% is held in institutional and mgmt control. Amost everyone is staying put, waiting for next phase to begin.