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Tullow Oil Share Discussion Threads
Showing 31701 to 31725 of 31725 messages
|"Tullow reported much better than expected earnings for 1H16, but negative free cash flow was weaker than we forecast. Forward guidance indicates production will be materially lower than we were forecasting from 2017 and we have adjusted our estimates accordingly... We now forecast net debt/EBITDAX to end the year at 4.8x (from 4.6x) and that is assuming receipt of US$200m in Jubilee turret insurance receipts this year and a flawless start-up at TEN."
Panmure Gordon: Https://www.research-tree.com/companies/uk/oil-gas-e-ps/tullow-oil-plc/research/cutting-target-price-reiterate-sell-28-07-2016|
Tullow sells first oil from offshore Ghana field|
|dean.... Just wait a month when TEN gets up and running...|
|unbelievable, smashed market expectations by a country mile, and in this backdrop...and it's down and Jefferies target is 175p....the BOD of this company should be applauded for how they've reset this company to survive and make a profit in a sub $50 Oil world....|
|Latest broker views
28 Jul JP Morgan... 270.00 Overweight
28 Jul Deutsche Bank 240.00 Hold
28 Jul Jefferies... 175.00 Underperform|
|5% drop on no volume, closing out their shorts no doubt.|
|Will be £6 per share by year end get in early lads buy an forget|
|Hope you are correct Dean, should be with Ten producing and any increase in poo|
|early 2017 this'll be £6-8 sp|
|Are FirstEnergy Capital suggesting they knew there'd be a profit of 30m? Very strange considering all other companies expected a loss for Tullow.
Also, their 'neutral' effect on the markets is way off the mark.|
|"1H16 RESULTS - NOTHING FUNDAMENTALLY NEW
Market Reaction: Neutral.
We do not see any material new information in this RNS. The small additional 2017 Jubilee opex is likely to be absorbed by the insurance. We continue liking Tullow at current levels. 1H16 Production had been reported previously. 2Q16 Net Cash from Operating Activities (post Tax) was US$199 mm (FCCe: US$249 mm, Consensus of Pre-Tax Operating Cash Flow of US$200-249 mm). 1H16 Net Debt at the end of the period was US$4.7 bn in line with previous indications. Tullow FY16 Production Guidance is reiterated at 62-68 mboe/d in West Africa and 6-7 mboe/d in Europe. TEN is on track to deliver first oil in early August.
Update from FirstEnergy Capital
|Nothing major from the RNS|
|From the FT……R30;…..
Revenues in the first half of the year fell 34 per cent compared to the same period last year to $541m, a smaller decline than expected, leading to a pre-tax profit of $24m. Analysts had expected the company to suffer a loss of more than $150m, according to an average forecast of analysts conducted by Bloomberg.
A delta of +$174 on analysts expectations!!!|
|Celeritas, Macro fundamentals are such that we are going to need a shed load more oil in the not to distant future. World population is going up by 75,000,000 per year (google population world clock)- thats the population of Germany being added to the planet every year. We humans are breeding faster than rats and rabbits combined and they/we all consume energy.
World stock of oil consuming autos will double in the next 15 to 20years - 90% will be based on current engine technology (see BP's Jan 16 Energy outlook - https://www.bp.com/content/dam/bp/pdf/energy-economics/energy-outlook-2016/bp-energy-outlook-2016.pdf. Even consumption of coal increases!!
Shale will act as a break on the POO$ in the short term but thats it - IMO.|
|pound, do you not believe US shale will just come back into production to limit poo appreciation.
At $60 most shale oil is profitable so I can see that forming a ceiling unless large production is taken out.
Lack of investment in standard oil will of course cause a huge upside at some point in the future, get that right and you'll do very well.|
|Share Up then profit taking , share down then up again , place your bets and spin that wheel|
|First foray into TLW - 2 lots at 195 and change.
They made a profit guys! In this environ its akin to a miracle - it WAS the first half of 2016 remember!!
With Hedges and the bond issue they are pretty much protected for next 18mths
All subject to POO of course but yes Celeritas I do believed poo will return to $100+ in 3 to 5 yrs and the longer the CapeX pain the more the gain|
|The usual, 'sell on news' brigade. I expect some broker note upgrades on TLW. The financial headroom additionally gives me confidence versus the likes of PMO at present.|
|so why the selling?|
|The problem being hedges are running down with oil still very low. What happens when your entire production is at the mercy of $45 oil.
I agree at some point lack of investment will fire oil up but fracked oil will then come online to limit upside.
Ruling out some war of sorts in a high producing country does anyone seriously think oil will run towards $100 again for a long time.|
|WHAT A BUYING OPP, PERSONALL FILLING MY BOOTS....|