Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
Jmax, again you are missing the point. People were talking about shorting. My point is that it is foolish to short "NOW". Next month it will be game on in terms of shorting etc but only a fool would short whilst the institutions are forced buyers. I hope this helps. I have made good money in the past buying shares when they enter the index and holding for a week or two.
Jmax, you miss the point. When you are in the index already the institutions have their holdings and dont need to buy. When you enter the index tracker funds start with no hoildings ansd are forced buyers. This continues for a few weeks until they have the correct weightings. The material point is that only a fool would short at a point where there are forced buyers.
The reality is that a certain volume of gas is hedged. It doesn't matter where it is produced from. If the volume produced was poor then we may need the side track to top it up. However, there should be surplus anyway with the side track additional. This is not rocket science!
Mirasol, I refer to my post earlier to Head. Sadly the same would apply to you. Consistently posting the bleeding obvious. I repeat everyone here who has done any research knows why we are here and what is required at this point namely - no more excuses from our BOD and first gas asap. There is a saying "show me the money". Well here it translates to "show me the gas". All the posting and ranting is pointless we just need gas.
Head, since you have asked I think that ramping is equally pointless. However, there is a difference between a shareholder getting excited about making money and being sometimes a little childish and your actions. You hold no shares. There are probably thousands of shares that you don’t hold why not post on those shares? Why the fixation here? It is bordering on a mental health issue unless you are a paid climate change activist.
Head, the issue for me is that you incessantly state the bleeding obvious. If success was guaranteed the sp would reflect it. You hold no shares but post negativity on an unhealthily frequent basis. Everyone here who has done any research knows the history and that it is a race against time. If we can get gas in May , the sidetrack is successful and gas stays high we make money. If gas doesn’t arrive we are toast. If I missed anything please let me know. You can run along now your job is done…yawn!
When a fund enters the 250 trackers have to buy. These funds are huge. The 250 is a weighted index. Thus as the market falls whilst in contrast Tullow rises the trackers will be needing to buy more. We have a lot further to go here solely to reflect the demand from tracker funds. GLA
This is a massive boost for Tullow. This means that suddenly we get a whole load of buying by passive index trackers. Nothing to do with analysis just funds buying because they have to. Any shorter should be very afraid . This is now a very strong buy up to the end of this month especially when combined with POO
I like a protracted share buy back scheme as it tends to deter shorters. We have a buyer who will keep buying day in day out until December. £2bn is a lot of firepower and means there is always a ready buyer for stock overhangs even with a company as large as Lloyds. I have made good money on the back of these types of schemes in the past. In contrast ad hoc small scale purchases do little to help the sp (IMHO).
Just under 2 years ago I sold my disasterous holding in UKOG at 0.2 (now 0.095) and bought Alba at 0.1. Good decision, just wish I had never ever touched U utter DOG with a barge pole! If Alba goes to 0.9 I will make back my losses on UDOG. I remain pretty confident that I will not only get my cash back but come out in profit. Lots of good things happening here. GLA
BV, I really think that you need to read the RNS of the 6th of January again. What you have posted is complete carp. People have expressed an interest and following the RNS SOU made an offer of a pile of confetti that was rejected out of hand. We wait to see if any worthwhile offers emerge following due diligence. In the meantime we await to see if our incompetent board can get this flowing before we breach on our hedges. Fingers crossed.
MNN, Your lack of understanding both of the laws of probability and 88e are not to your credit. If you wish to bash on about 88e may I suggest you post on their board and tell the people there why they are stupid! 88e, Matad and COPL all have their believers and detracters and the truth will out over a period of time. However, like it or not, but at a point in time the market values a company according to all known factors. I believe that this is cheap and that the CPR will be epic and that we will get a JV that propels this sp to being many multpiles of todays values. Others remain to be convinced, hence the price.