Tullow Oil Share Discussion Threads

[g2theary] 12/1/2017 13:48

I hope it's a bid I bought 5700 shares yesterday.. more than Lilly following the price of oil up

[rickmay] 12/1/2017 13:23

IS A BID COMING NOW ???

[cat100] 12/1/2017 09:18

Irish Independent
Tullow Oil's Heavey to step down after 32 years

[tjbird] 12/1/2017 09:02

STARTING TO LOOK A BIT GOOD

[nicebut] 11/1/2017 14:55

Good relationship with Total- Perhaps Total might want a little more than Kenya, at some point? At the right price?

Interesting conference call earlier. BoD seem pretty happy going forward...

[mariopeter] 11/1/2017 13:05

Sitting here thinking if they proved up Kenya and sold 90% Kenya for $2.3 b cash and 700m development carry would we be happy ? TLW share price would probably hit £10+. Total have the lolly ($23b). Used $6 per recoverable barrel like the Ugandan deal and assumed 500m recov barrels.....its a nice thought....net debt to equity of 30% going forward.

Who knows.

[plastow] 11/1/2017 09:14

https://www.google.co.uk/amp/www.cityam.com/256793/tullow-oil-announces-new-chief-executive-reports-another/amp

[oilretire] 11/1/2017 08:26

Always a major hurdle to a take over. I believe this may edge the door open a little. Not now (unless hostile), but perhaps before the end of this decade...


The Board and I have long been aware of the need to plan carefully for Aidan's retirement from Tullow as our founder and after 31 years as CEO.....

[woodpeckers] 11/1/2017 08:06

Great post MidasX.

[nicebut] 11/1/2017 07:49

I suspect that the POO drop yesterday will drive todays price.

[mariopeter] 11/1/2017 07:47

Debt to fall next year by $800m at $55 oil or $1.1b at $65 oil.

[rickmay] 11/1/2017 07:41

EXCELLENT NEWS!!! ant dips should be bought could reach £4 soon.

[larva] 11/1/2017 07:39

The next phase of the project will involve modifications to the turret systems for long-term spread-moored operations. In addition, the assessment of the optimum long-term heading continues, in order to determine if a rotation of the FPSO is required. Detailed planning for this continues with the JV Partners and the Ghanaian Government, with final decisions and approvals being sought in the first half of 2017, with work expected to be carried out in the second half of 2017. It is anticipated that a facility shutdown of up to 12 weeks may be required during 2017. However, significant work is ongoing to look at ways to optimise and reduce any shutdown period.

Tullow expects 2017 production from the Jubilee field to average 68,500 bopd (net: 24,300 bopd), assuming 12 weeks of shutdown associated with the next phase of remediation works. Tullow's corporate Business Interruption insurance cover is expected to continue to payout in respect of lost production associated to the turret remediation works, and the equivalent average annualised net production is around 12,000 bopd, increasing Tullow's effective net production to around 36,300 bopd in 2017.




Odey has such a massive short he probably get someone to sabotage it

[cricklewood] 11/1/2017 07:37

Try specsavers.

[larva] 11/1/2017 07:35

not sure how to read todays news

[mariopeter] 11/1/2017 07:16

Net debt is 4.8 and not 4.9 (as projected) which is good. Fields operating without problems. Capex next year way way down. Great.

[jovi1] 10/1/2017 22:48

Mario I agree with you but my average is 122 and I have been with Tlw from 87p all the way up to 1500 selling most on the way up and buying back in the trouble why take extra risk if I can bank some and have a free ride.

Phillis I am optimistic about Tlw but the write off will potentially affect the debit as they are insured against the assets, I am confident that Tlw will have around a billion write off in 2 to 3 stages and I believe will be an open offer in next year ou so.
The reason why I believe this will happen is because this exactly what I would do
Good luck

[larva] 10/1/2017 18:55

buy at 270p soon enuf




Tullow Oil (TLW LN): Uganda Farm-down - Realistic Expectations
Rating UNDERPERFORM



Price Target 250.00p

[mariopeter] 10/1/2017 17:11

Well good luck all for a favourable API report tonight at 9.30pm and for a great TLW report in the morning.

[oilretire] 10/1/2017 13:48

We don't need to find money we don't have to progress Uganda. That's the key importance of the deal.

[phillis] 10/1/2017 13:37

write down has no cash effect and cashflow/borrowings is now what this is all about

[eipgam] 10/1/2017 13:31

Perhaps this reflects a big write down? 1'm not clever enough to work it out but the truth is that it only delivers $100m in the short term

[phillis] 10/1/2017 13:24

curious to know why this news was released before Wednesday
why the good news before the trading update
Did Total release it first/simultaneously?