Tullow Oil Share Discussion Threads

[phillis] 28/4/2016 11:55

NiceB
Have a look at RWS for long term

[wookie77] 28/4/2016 11:42

Seems everyone wants these now bar Odey! LOL

[investordave] 28/4/2016 10:33

Odey really are a bunch of idiots.

[wookie77] 28/4/2016 10:10

£4 nailed on….Odey loosing YET MORE CASH! LOL

[jr_] 28/4/2016 10:01

Only TLW could trade like this for sure - ha ha - for get PoO - more like poo

[hearts1] 28/4/2016 09:44

NB, I'd wait a little, its been a good mini bull run on oil stocks, but there will be a dip at some point.I like HUR and it will get attention when it starts drilling, IAE may have upside with Stella start up. On higher risk side I like LEK, it's taken some of the old AFR assets, but it is Nigeria so not for faint hearted, but potential upside is large.I still think TLW and PMO are the main recovery plays.

[kevjones2] 28/4/2016 09:29

Davy Stockbroker's:

"Tullow Oil

Banks remain supportive
April 28 2016 | Caren Crowley | Morning briefing | 1 page(s) | Read Important Disclosures
Tullow Oil has reported that credit available under its key Reserve-Based Lending (RBL) facility has been reduced by $200m (5.4%) to $3.5bn, while its Revolving Corporate Facility (RCF) has been extended by 12 months to April 2018 as targeted. The TEN development remains on schedule and within budget, while production from Jubilee is anticipated to commence in a week. Overall, we believe the trading update is supportive of the recent share price rally."

[ifthecapfits] 28/4/2016 09:10

nicebut - BLVN would fit that bill.

[kevjones2] 28/4/2016 08:46

"The Africa-focused company also said today that its lenders had agreed to amend terms on its $3.5 billion Reserve Based Lending (RBL).

This shows that banks are willing to continue to support oil companies during the market downturn."

[nicebut] 28/4/2016 08:37

hearts,

Thanks for that- A profit is a profit- good on you...I`m sticking with TLW- I sold 50% in sipp on last leg up to 240...I still have c150k.

Give me a clue on another oiler or stock with good potential-low debt preferably- I presently have Genel, PMO and a few +BP all doing OK (and a rather static HUR). I have this years ISA to use up and want some ideas. (not you know who!) :)

[hearts1] 28/4/2016 08:16

Lol, if you were here at 1.30 share price you'd do the same.And wasn't your nickname at school BackdoorBill?

[bigbigdave] 28/4/2016 08:13

Golden cross formed according to chart in the header.

[hearts1] 28/4/2016 08:08

I've sold 50%, given next news is new production guidance.

[ifthecapfits] 28/4/2016 08:07

Not quite.

[frontdoor bull] 28/4/2016 07:31

20p jump straight away, no probs.

[hearts1] 28/4/2016 07:25

So debt sorted till end of year. NB - really not sure. Could be they see the debt as an issue going forward? TLW has had a good run of late, and it's probably wise to bank some profits, but with TEN 2 months away I think there's more upside with the caveat that PoO remains constant or higher.

[oilretire] 28/4/2016 07:22

Two export routes in East Africa:

At a meeting between various East African Governments in Kampala on 23 April 2016, it was agreed that Uganda and Kenya would develop separate, standalone export pipelines for their oil resources. Tullow welcomes the clarity and certainty that this decision brings. In Uganda, Tullow will now work with the Government of Uganda and our partners on the development of these significant resources through a Uganda-Tanzania pipeline. In Kenya, the Group continues to examine the data from its recently concluded appraisal campaign and our initial assessment indicates recoverable resources of up to 750 million barrels of oil in the South Lokichar Basin. The Group continues to review options for re-starting the exploration campaign in this basin to de-risk the overall upside potential of 1 billion barrels. Tullow will now work with the Government of Kenya and our partners on a range of options for the independent development of these resources including early production using existing infrastructure which would provide valuable reservoir data ahead of a full field development with an export pipeline.

[nicebut] 28/4/2016 07:13

-- Routine six-monthly Reserve Based Lending redetermination process completed. Debt capacity of $3.5 billion secured.

-- Revolving Corporate Facility extended by 12 months to April 2018, with an initial committed amount of $800 million as of April 2017. An accordion feature has been agreed with Lenders for an additional amount of $200 million.

-- End of April net debt estimated to be c.$4.5 billion and unutilised debt capacity and free cash of c.$1.3 billion. Capex guidance for full year 2016 revised down by c.$0.1 billion to c.$1.0 billion with further savings expected.

`Finally, I am very pleased to announce the completion of our RBL re-determination and the extension of our RCF. This demonstrates the continued strong support of our lending banks and is an important sign of confidence in Tullow's excellent asset portfolio."

[bigbigdave] 28/4/2016 07:11

Tullow Oil PLC AGM Trading update, looks very decent!

[bakedbean57] 27/4/2016 21:39

Odey dropped out the boys club lost a few quid apparently??

[careful] 27/4/2016 21:03

odey has een losing a shed load of cash recently.
still,at 2+20% why should he worry.