Tullow Oil Share Discussion Threads

[pounddreamer] 01/11/2016 15:36

Odey is a little one sided IMO



If not a little bit nuts............

[frankmcalorum] 01/11/2016 15:34

www.bloomberg.com/news/articles/2016-11-01/goldman-sees-oil-in-low-40s-if-opec-deal-fails-as-odds-diminish?cmpid=socialflow-twitter-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social

[sawadee3] 01/11/2016 10:28

Temporary blip bit who cares? :-)

The march up continues :-)

Happy days chaps :-)

[nicebut] 31/10/2016 12:37

13.88% short down a little.

Odey dropped a tad .1% to 4.36% or 39.8m shares short

[kevjones2] 29/10/2016 22:18

"This successful redetermination and the new RBL accordion commitments underline the support for Tullow from our relationship banks and the quality of our assets and their ability to generate significant liquidity. Over the past three months, Tullow has started production from TEN and confirmed insurance cover for the Jubilee FPSO turret repair and business interruption. With capital expenditure now substantially reduced, we are generating free cash flow and starting to deleverage our balance sheet. This provides us with a solid platform to refinance our RBL and Corporate Facility during 2017, enhance our capital structure and enable future growth."

Interesting comments from Tullow. Also, I see the usual pre-OPEC meeting jockeying-
for-position bs going on. Even if things stay the same and even if the price of oil was to drop to $45 in the short-term, Tullow is very nicely positioned for the next 18 months at least. As the free cash flow comes in the debt will reduce. Only a fool could not see that regardless of OPEC's November meeting and Tullow's soon to be reducing debt, Tullow is in an extremely strong position.

[azalea] 29/10/2016 08:53

Brent sank below $50 s barrel,as talks on OPEC members cutting production appear to be failing to reach agreement. Russia is now rumoured to have stated, it will freeze production, not cut it, whilst the numbers exempted from cuts are growing. The other concern is, will non cartel members take advantage of any net OPEC cuts and boost their own production levels.

[phillis] 28/10/2016 08:06

Deleveraging process well underway

What now Mr Odey?

[tipster29] 28/10/2016 07:17

Great platform now for share price growth over the next 12 months. Especially if oil price continues upward momentum as some expect. 2017 could be a good year for TLW

[mccracken227] 28/10/2016 07:06

Positive RNS looks good going forward

[che7win] 26/10/2016 15:53

Oil jumping.

[mcsean2164] 26/10/2016 12:47

Who do you think would take it over? Where would they get the money with poo <$50?

[sawadee3] 25/10/2016 11:44

£3 soon in the rear view mirror chaps :-)

Easy game :-)

[sawadee3] 25/10/2016 09:07

Looking good chaps :-)

Just made a nice chunk on PANR too :-)

Happy days chaps :-)

[qs99] 25/10/2016 08:10

off to the races again at the opening

[suffersnofools] 24/10/2016 09:29

eipgam - Unlikely he'd say otherwise :)

[steve73] 24/10/2016 09:24

I did read somewhere that Odey was very long on Gold - perhaps this is where he's hoping to make up losses here.

[eipgam] 24/10/2016 09:13

Interesting article... Mr Odey reckoned he could/will make good his losses in a very short time.

It didn't mention his big short bet on INTU either...

[sawadee3] 24/10/2016 08:29

Looking great for today chaps, £3 will soon in the rear view mirror :-)

[nicebut] 24/10/2016 08:28

Anyone see the ST business article on Mr Odey? Mentioned his shorts...Not on TLW though.

Anyway shorts showing 13.9%...Odey increased on 11th. A couple of other did too last week...but a couple reduced too. Overall down a bit.

[azalea] 22/10/2016 11:09

A recent interesting article by Paul Hodges. Very much worth a read. The 'post fact' economy, where details of supply/demand no longer seem to matter.http//www.oilvoice.com/n/Oil

Just to wet your appetite-
Once upon a time, oil markets were based on facts. Producers and consumers focused on trying to understand what "would" happen, whilst the speculators placed bets what "could" happen. "Here are first of all, the facts from the latest IEA report.

.OPEC production hit a record high in September, of 33.64m bbl/day. Iraq produced more oil than ever, while Libya reopened its oil ports.

[jovi1] 22/10/2016 00:36

I doubt that the majority of the debit is in sterling but I suspect many of the bonds are

[phillis] 21/10/2016 12:42

look at the balance sheet

[mcsean2164] 21/10/2016 00:52

Justa thought. Is tullow debt in gbp?