Tullow Oil Share Discussion Threads

[warwick69] 07/10/2015 09:32

Wow I wish I had held my £600 long spread bet longer moved way more than I imagined massive rerate after news and rally in oil shows how many short positions must have been all over the oilies and commodity plays by big hedges hope they are getting toasted!!!!

[cricklewood] 07/10/2015 09:24

Anyone who bought under £2 must be feeling pretty smug at the minute,good luck to all.

[sawadee3] 07/10/2015 09:11

Up we jolly well go chaps!! Shorters filling their pants right now :-)

Brutal Bull run :-)

[sawadee3] 07/10/2015 09:09

ENQ is a strange one, it lags TLW and SOCO but usually plays catch up later on. I'll continue to hold it with a 28p average.

[dlku] 07/10/2015 08:56

ENQ been left behind starting to move

[sawadee3] 07/10/2015 08:54

Xmas has definitely come early this year chaps :-)

[holmess] 07/10/2015 08:54

Shorts squeeze will push this above 300p in the short term. Sadly more shares moved from PI hands to institutions......

[herbyrainer] 07/10/2015 08:27

I think this will be range bound until the world calms down abit. £1.50 - 2.50.

[phowdo] 07/10/2015 08:23

Next resistance at 250, then 300.
Probably depends on what price of oil does, but got to be a lot of shorters need to close out at some point :O)

[cricklewood] 07/10/2015 08:12

On the move up again .

[cricklewood] 07/10/2015 08:05

What are you on about , I need £4 + to break even LOL.
jovi1



6 Oct'15 - 21:41 - 22153 of 22154 0 0


Let hope oil don't spike we would not like to see shorter loose money not.
I am sure Cricklewood would like to sacrifice the other 25k to this cause
lol

[gregpeck7] 07/10/2015 07:19

250 plus today? Big gap to fill on the chart

[jovi1] 06/10/2015 21:41

Let hope oil don't spike we would not like to see shorter loose money not.
I am sure Cricklewood would like to sacrifice the other 25k to this cause
lol

[dlku] 06/10/2015 20:54

ROyal dutch warn of oil price spike



These could triple!!!

[jovi1] 06/10/2015 19:22

Turkeys vote to abolish Christmas

[gregpeck7] 06/10/2015 14:14

She'll ceo saying signs of price recovery.

[holmess] 06/10/2015 14:03

No, obviously the Secretary General of OPEC makes statements without regard to any facts or knowledge of the oil industry. Much better to disregard and listen to the opinion of posters on the ADVFN BB ;)

[azalea] 06/10/2015 13:47

OPEC Secretary General Abdella Salem has stated that oil supplies will lessen in the near future. Has he take into account the oil that is going to come onto the market from Iran in the near term and increasing so in 2016?

[ifthecapfits] 06/10/2015 12:57

looking good :)

[cricklewood] 05/10/2015 18:48

Investors in Tullow Oil (LSE: TLW) are breathing a little more easily after the share price resurgence of recent days, which saw it leap almost 12% last Thursday and another 5% in early trading today. While the oil exploration and production company has been comfortably on course to meet its full-year production targets, the uncomfortable question facing investors is how it would manage its growing debt pile.

Borrowings suddenly become a problem when the price you customers pay your sole product plunge by a third. Last week’s six-monthly reserve-based lend redetermination process should have been a routine exercise but is far from routine in troubled times like these. Markets saw the news that its available debt capacity remained unchanged at $3.7bn as a positive, allowing chief financial officer Ian Springett to talk up “the robustness of Tullow’s debt capital structure” and its supportive relationships with banks.

Troubled Waters

The relief rally only serves to underline the just how worried investors were, but it still needs a significant rebound in the oil price to make the numbers work. On that front, price expectations are rising as Russian jets scream into the Syrian quagmire, bringing one of the world’s biggest energy producers into indirect conflict with Saudi Arabia and its allies in the Gulf.

This may tempt some investors who see today’s cheap oil price as a sweet buying opportunity, but they should realise that sentiment swings wildly on very little, and the oil price could even fall if Saudi Arabia decides to ramp up production to increase the pressure on Russia.

Rally Round

Premier Oil (LSE: PMO) needs oil at $60 but it isn’t getting it, with the price hovering around $48 instead. It has production problems too, unlike Tullow, with production down 7% to 60,400 barrels of oil equivalent per day over the last year. It did recently stretch its debt covenants into 2016 and its principal $2.5bn bank facility is good until mid-2019. That partly explains its mini-recovery, rising 10% over the last week.

Premier’s operating margins of -15% show what damage cheap oil is doing. A share price drop of 53% in the last three months alone gives contrarian investors good reason to sit up and take notice, although consensus forecasts of a 36% drop in revenues and 155% drop in earnings per share are likely to make many of them sit down again just as quickly.

The good news is that Premier does have some protection from its hedging programme and impressive 30% operating cost savings, while production should pick up as its Solan field comes on-stream later this year and Catcher follows in 2017. Operating cash flow was surprisingly strong in the first half at $513m, up from $499m last year. Net debt has fallen slightly to US$2 billion.

With both stocks, the immediate pressure is off for now. Investors will be looking for further evidence that they can hang on until oil recovers, at which point both could fly. Tullow looks a little slicker than it was, but that debt pile still leaves it in a stickier situation than Premier.


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[ifthecapfits] 05/10/2015 16:07

Would be nice.

Looks like Syria escalating what with Turkey intercepting Russian jets.....also talk of a Russian naval blockade. Interesting times.

[dlku] 05/10/2015 15:57

could double

[holmess] 05/10/2015 10:31

Looking very strong.

[dlku] 03/10/2015 00:22

Oil Surges as Rig Count Falls
Rig count falls sharply in latest week

By TIMOTHY PUKO
Updated Oct. 2, 2015 3:11 p.m. ET
4 COMMENTS
Crude prices surged back to a one-week high Friday after the number of working U.S. oil rigs fell to a five-year low.

The move gives momentum back to traders who have bet that a historic collapse in oil prices is forcing the U.S. shale-oil boom to slow down. U.S. producers made their largest cutbacks in five months and have only 614 oil rigs working, the fewest since August 2010, according to oil-field-services provider Baker Hughes Inc.