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Tullow Oil Share Discussion Threads
Showing 32726 to 32748 of 32750 messages
|Bought back in. Oversold|
|rig count in Nrth America
|Oil Gains as U.S. Supplies Decline at U.S. Hub, Rise Elsewhere
→ Cushing, Oklahoma, stopckpiles fall 1.27 million barrels: EIA
→ OPEC cuts not necessarily a ‘bonanza’ for shale producers: IEA
Futures climbed 0.6 percent. Supplies at Cushing, Oklahoma, fell by 1.27 million barrels last week, the Energy Information Administration said. The agency reported that nationwide stockpiles rose 2.35 million barrels, while the industry-funded American Petroleum Institute said there was a 5.04 million-barrel decrease on Wednesday. OPEC output cuts won’t necessarily trigger a “bonanza” of U.S. shale supply, the International Energy Agency said...
|Sell Kenya and we 'll see about limited upside.
Trump does something stupid and sends the oil price shooting up....
Saudis make deeper cuts in supply if they don't get a higher oil price......|
|They want it down for now its as simple as that, FFS.|
|Ah. From lse2 postsTullow Oil tanks on HSBC downgradeUnable to post link. but here it is: Tullow Oil tanked on Thursday after HSBC downgraded the stock to 'hold' from 'buy' but lifted the target price to 320p from 270p, saying the shares offer "limited upside". The oil exploration and production company's shares have risen 19% since OPEC announced output cuts in late November and are up 147% in the last 12 months. The group should begin to deleverage this year after five years of rising debt with production ramping up and capital expenditure falling sharply, HSBC said. The farm-down of its Uganda Lake Albert assets to Total will lower capital expenditure while firming up the development timeline by putting control into a supermajor's hands - a "good strategic decision", according to HSBC. However, the bank warned that oil prices - arguably the biggest driver of the stock - have limited near-term upside compared to its estimate of $60 per barrel for Brent crude in 2017. "We don't expect operational catalysts (e.g. exploration) to be material enough, and believe the shares now look fully priced after their recent outperformance." The bank said it was also disappointed by Tullow's lowered production guidance on the TEN project in Ghana, due to pressure management issues and the inability to drill new wells until after a border dispute ruling later this year On 11 January, Tullow said production at the TEN field in 2017 is now expected to be 23% lower than had been previously forecast. Shares fell 3.27% to 301.90p at 1039 GMT.|
|Why is it down today??|
|Wonder what the proceeds are from Norway as bought for $300m+ and we hit oil twice there since.
Don't think we can keep all of Kenya and we need to have a couple of big ones in cash there.
South America is looking really good.|
|added this morning
shame not too
TLW will prosper|
|More good news and good prospects - well done Tullow|
|There is a mixed behaviour among shorters. For example citadel advisors has reduced its short below 0.5% but citadel europehas increased to 1.11%. And still odey owns the largest amount of short and has kept increasing it. https://www.fca.org.uk/publication/data/short-positions-daily-update.xls|
|Oil prices slide on prospect of rising US shale production
36 Mins Ago|
|Yes for a guy who lost over 40% of his funds money last year I should take a very serious look at my fund management rational. Blaming it on passive fund management is no excuse!|
|odey wants this back to 240p|
|Pressure growing on the shorters, they did not expect the Opec deal and poo going in a positive direction, they did not expect the farm down deal hugely reducing capex requirements. Good news regarding new oil like yesterdays announcement can come at any time. As oil supply/demand balances later this year the poo is only going in one direction so they will have to close at some point soon.|
|When do u think shorters will start closing? They have been around for a long time. Surely it is the time for them to close.|
|Poor performance today... but more oil in the bank for the future.|
|I thought we be around £4 by close, after the good news.|
|Uk to leave single market ?|
|We find more oil and down we go FFS.|
|And US demand expected to pick up..... and growth "sugar rush" (new term in FT today) expected from Trump.|
|China's output is expected to decline by 240,000 in 2017 on top of a decline of 350,000 in 2016 whilst the country consumes ever more............|