Re: Bots *banks. I wish posts could be edited on here.
Re: Bots Buy shares back? Are you for real? Only recently they were forced to have a right issue. The wants want the capital structure to be less geared
Bots The bots done a good job today.....Let's see what happens tomorrow....Tullow could help themselves if they made a commitment to buy there own shares back.
Re: Planed shutdown Well its good to get that drop out of the way before the bank holiday. Should creep up again.....Tullow have lost 5 offshore licences in Peru through no fault of there own...I would mark this as a +++.......$80 a barrel puts gasoline at $3.00 a gallon in the USA. Its there watershed. That according to Malcy's blog works out at 40p a litre.
Re: Planed shutdown Are you surprised Sage, where have you been. This has been planed for nearly two years. Remember the insurance is stumping up too. It is routine for all wells to shutdown now and then......Lovely tree shake going on..Sage do you work for Goldman Sh+++++, always behind the curve and having your own agenda.
Moving along in Kenya According to this report, agreement has been reached in Kenya on the internal distribution of tax revenues from oil, removing an impediment to exporting from the Tullow discoveries. Looks like good news .[link] Uhuru Kenyatta said on May 19 leaders from the northern Turkana county agreed for the central government to receive 75 percent of the oil income, while 20 percent will be earmarked for regional governments and 5 percent for the local communities. While lawmakers from the region originally wanted a 70:20:10 ratio, they dropped their demands after the government agreed not to peg normal county budget funding to the oil revenue."
Re: Planed shutdown ...."planned shutdown " ?...otherwise we are in woodworking mode ...SAGE
Goldman Sh...... last week going by this article. Goldman Sachs moved there target price for Tullow from 170.8p too 260.6p....... Glad they got the .8p and .6p in [link]
Planed shutdown Its looks like the planed shutdown will start next Monday. I hope Tullow has give themselves some riggle room.......If it was me I would plan for four weeks and if it was complete in three weeks . the market would react positively. [link]
Top sliced Sold half this morning due a pullback stop order set at 262 for the rest.
Tesla The cult of Tesla is imploding. Tricky couple of week coming for Tesla ........The electric car will only happen on mass when oil is $200+.
Re: Short positions The uncrossing trade this evening was £2.76, so still looking very strong. interesting divergence in the three remaining shorts. The total is up to 2.99% from 2.97%. Capital Fund Management reduced from 0.78% to 0.67% on 16/05/2018 (once again a late declaration) while Linden increased again from 0.80% to 0.93% yesterday.
Re: Rights profit Or maybe he saw sense, went long and is now posting under a different alias, but still bitterly and fruitlessly trying to goad other posters with inane and pointless incorrect assumptions. Sad but funny. His last post was in May 2017 by which time he probably saw the writing for TLW's recovery. At least he had the sense to beat Odey & Co. to the door though.
Re: Rights profit Yea he was one of many that help do a good hatchet job on Tullow and drove it down past it true value.He did get the help of OPEC when they crashed the price of oil from $100+ down to $30........In a way I should be very grateful for mr x, not only does he correct my grammar but I was able to buy at a very low price.....If mr x is in the Caribbean he could check out the Jamaica prospect. Have a good weekend and get out the barbecue.
Re: Rights profit "Talking about MrX .... where on earth is he? Images of Butlins Clacton and knotted hankie on head comes to mind."Maybe is in the Caribbean spending them profits he made on his shorting when the shares went down from £14 to £1?