343 days ago
There will be more on the painful feet later but suffice to say please donate to Rogue Bloggers for Woodlarks HERE. Then a really deep dive into Tullow Oil (TLW) where Malcolm is a fan but I explain why I am not and how he should be looking at it. Finally Bidstack (BIDS) and a growing red flag regarding its missing results.
1506 days ago
I start with my family and Coronavirus as I discuss in full HERE. then should we taxpayers bail out all businesses? Even frauds? Or the Mob? I explain why folks like our in house Euro loon J Price are so badly wrong. I then look at Laura Ashley (ALY), Itaconix (ITX) and then the oil stocks. Could oil really hit $3 a barrel? Or $10? I look at Echo Energy (TOAST), Nostra Terra (TOAST), Premier Oil (PMO), Tullow Oil (TLW), BP (BP.) and Shell (RDSB)
3782 days ago
Heck we have some bad news…when will we tell shareholders? Oh…how about Christmas Eve? It is a half day. No-one will notice and by the time they do we can think of some good news to announce or go on holiday? The bosses of the AIM Cesspit think they are being smart and will get away with it. But I am here to make sure you missed none of the horrors snuck out today and to give them maximum PR.
The nominations for the gold medal for sneaking bad news out on Christmas Eve are:
1. Tullow Oil (TLW) abandons 80% owned Norwegian exploration well as a duster
2. Verdes Management (VMP) fesses up that it was meant to have received £125,000 of a rescue £500,000 loan facility by 20th December but it has not arrived yet.
3. City of London Group (CIN) says that the £17.4 million it was promised in a placing has yet again still not arrived and so the deal is off. Will have to seek alternative funding. Chairman and NED quit.
4. Northern Petroleum (NOP) says that it is writing down its Italian assets from 2P to 3C category. It will have full details in New Year but is whetting our appetite now, i.e. softening the blow by announcing when no-one is watching.
5. Albemarle & Bond (ABM) – Better capital the lead bidder fo0r its assets walks.
6. Kennedy Ventures (KENV) serves up atrocious annual results and warns of funding gap.
Now it is possible that one or two of the above only heard the bad news late yesterday and so had to announce today. On that basis I will give Tullow, Northern and Albemarle the benefit of the doubt although I cannot say that I am impressed with any of them. That leaves three contenders for this annual award of shame. In reverse order.
4088 days ago
Steve Moore and I worked together at t1ps.com from the day he left University. He is a very talented young analyst and a man of utter principle which is why he quit t1ps. He is now working with my on my Nifty Fifty website but also writing off his own bat and I am keen to support that. Apart from anything else he talks a lot of sense. As such I bring you a share tip he has published on Ireland originating Tullow Oil. Steve writes…
I commented on Tullow Oil (TLW) earlier this month as the FTSE 100 oil and gas explorer and producer announced results for calendar 2012. In that analysis I noted the company’s 2012 discovery of a new oil basin in Kenya and its highly ambitious 2013 exploration programme and the company has today updated on its East Africa exploration and appraisal. With the shares currently trading at 1,227p, I review this in the following…
4096 days ago
Steve Moore and I worked together at t1ps.com ever since he left University. He is a very talented young analyst and a man of utter principle which is why he quit t1ps. He is now working with my on my Nifty Fifty websital but also writing off his own bat and I am keen to support that. Apart from anything else he talks a lot of sense. As such I bring you a piece he has published on Tullow Oil. Steve writes…
Tullow Oil (TLW), the FTSE 100 oil and gas explorer and producer, has released calendar 2012 results which it emphasises are “in line with market expectations”, with a “balance sheet substantially strengthened through debt re-financing and $2.9 billion from Uganda farm-down”. The shares have responded favourably – currently trading higher at 1,235p, capitalising the company at £11.2 billion. The following reviews the results announcement…
4159 days ago
PrintYesterday Tullow (LSE:TLW) announced that it had let its interests in Guyana drop. The press office at Northern Petroleum (LSE:NOP) has fielded a number of calls about how Northern was going to proceed with its drilling campaign in the area. Is this an indictment of how badly history is taught in schools or how badly geography is taught?
