Tullow Oil Share Discussion Threads

[nicebut] 28/9/2016 14:55

15.65% short now. From 15.36%

[mcsean2164] 28/9/2016 13:27

Seems to be all positive at the moment and strange that inventories are dropping in the face of an oil glut....

Time to top up?

[azalea] 27/9/2016 11:54

The MAD principle which has prevented a world war since WW2, will be the guardian against WW3.

[the grim idiot] 27/9/2016 10:01

These will fly, when Trump starts world war 3.

[azalea] 27/9/2016 09:46

Iran is not going to freeze its oil output. It needs all the money it can get to pay Russia for supplying weapons to itself and Syria.

[mercer95] 27/9/2016 09:08

I'm out, stop loss kicked in,can't see any good news from OPEC meeting & the US oil stockpile data due out later will put more pressure on oil price

[phillis] 23/9/2016 18:38

are Deutsche increasing so they can lend more?

[kevjones2] 23/9/2016 11:27

Wow, Wouldn't that be something!

[zingaro] 23/9/2016 10:58

Since the oil stays in the ground to be sold later, tlw will only get a part of the lost sales value - perhaps the interest on the loans it cannot pay back.

[kevjones2] 23/9/2016 09:00

I think insurance will be paid for the loss of earnings - the current discussions are just about how much. It really is all about the OPEC meeting here.

[albo] 23/9/2016 08:39

Agreement with insurers on cost of repairs will surely make the business interruption insurance a stronger case.

[nicebut] 23/9/2016 08:37

Shorts:

Up 15.36% from 15.1%...Linden up .22%....c140m shares!

We need a short squeeze...

[the destroyer] 23/9/2016 07:57

things are on the up for Tullow!

[fsawatcher] 23/9/2016 07:56

yeah it good news on machinery but that aint the thing that cost all the moneies

the loss in rev is the biggie and the rns jus say they still discussin that one with loss insurers

14% shorts open say they hope tlw fail on gettin lost rev costs back 100%

[midasx] 23/9/2016 07:34

Positive RNS, very good to know TLW will be fully covered for any loss due to Turret problems, both for cost of remedy and for any loss of production.

[pixi] 22/9/2016 20:15

Excellent.

[pounddreamer] 22/9/2016 14:06

Interesting noises from the Russians..........
REGULATORY NEWS | Thu Sep 22, 2016
Russia can "in theory" reduce its oil output by 5 percent, Russian Deputy Energy Minister Kirill Molodtsov said on Thursday, referring to a possible output freeze by major crude producers in a bid to stabilise global oil prices.

[olieslim] 21/9/2016 23:37

Oil majors need M&A to replenish reserves – WoodMac 0
BY EDITOR ON SEP 21, 2016 BUSINESS & FINANCE, UPSTREAM
According to Wood Mackenzie Ltd, major oil producers will rely on acquisitions for about half their reserve replacement in the future after cutting exploration budgets to weather the crude-price collapse, Bloomberg reports.

Big oil companies are no longer trying to replace all their production through conventional exploration, the energy consulting company said in a report published Tuesday. “Now their reserves replacement will also require inorganic, brownfield or shale investments,” Andrew Latham, vice president of exploration research at Edinburgh-based WoodMac, said in an interview. “The need for M&A in exploration is likely to be here for a considerable time,” Latham added. The focus “will be on assets rather than on taking over companies.”

Investors often use the reserve-replacement ratio — the proportion of oil and gas production offset by new resources — to value companies since it forms the basis for future output. Among seven oil majors, only three added more oil than they pumped last year. Exploration spending dropped by half from a year earlier to $7 billion, according to WoodMac, which sees the industry slashing $1 trillion from exploration and development until the end of the decade.

[kevjones2] 21/9/2016 15:04

It seems to be up 50c since yesterday.

[mccracken227] 21/9/2016 14:52

But oil is up?