Tullow Oil Share Discussion Threads

[oilretire] 11/8/2015 16:12

Route for pipeline agreed

[svenice7] 11/8/2015 15:30

WTI at 43$ load up quick

[mr aboii] 11/8/2015 13:08

--- opodio 11 Aug'15 - 10:33 - 21718

Susssssh! :-) :-)

[opodio] 11/8/2015 10:33

imagine a bid approach here


how nice , bidder could steal this for 400p imho

[shaws67] 10/8/2015 21:10

From motley fool


Tullow Oil, the Africa-focused oil and gas producer, has underlying cash operating costs of just $15 per barrel. So, even with today’s oil price, Tullow is still generating significant cash flows to fund an expansion in production and exploration activity. The company does not face any major debt repayments until 2019, and has sufficient financial flexibility in the medium term.

[spacedust] 10/8/2015 20:51

Read the above link and you wil find out why a deal with Iran was made. Europe relies on Russia for gas as it has no alternative so Iran is an alternative. However Russians are making deals with China regardless of sanctions of not as China don't give a monkeys about us sanctions. And recently a brics bank was created which has been the worst possible news for America. So those of you who believe this oil price decline is to do with shale gas coming out of everyone's residential garden and every person when they fart n America then you need to think a gh again. It's plane obvious that they are trying to sink Russia at any cost

[svenice7] 10/8/2015 17:01

Exactly spacedust.

[spacedust] 10/8/2015 16:06

It's all bulshtt. If oil stays at these lows then not wil Saudi go bust but so wil Mexico Brazil Canada Indonesia African countries Russia Angola Venezuela just to name a few.if these countries go bust then the entire planet will be in deep recession fir decades. It's all together do with destroying Russia. Yanks said leave crimea alone, Russia didn't now yanks want to show who is boss. The end.

[ny boy] 10/8/2015 13:05

Listen to Soros? Post the link please

[albanyvillas] 10/8/2015 13:00

UPDATE 1-Hedge funds raise bullish exposure to U.S. crude even as prices tank
(Adds rise in net longs after oil prices dropped by a quarter)
By Barani Krishnan
Aug 7 Hedge funds and other big speculators have
raised their bullish exposure to U.S. crude for the first time
in seven weeks, trade data on Friday showed, even as most
traders and investors fear weaker demand and higher supplies for
oil.
Global crude futures have lost a quarter of their value in
the past six weeks as the approaching end of the U.S. summer
driving season and impending start of refinery maintenance
signals less gasoline demand and higher crude inventories.

A rising U.S. oil rig count and record pumping of crude by
Middle East producers have also exacerbated concerns about a
glut.
Yet, data from the Commodity Futures Trading Commission
(CFTC) showed the largest money managers, including hedge funds,
raising their collective net long position in U.S. crude futures
and options during the week to Aug. 4, the first time since
mid-June.

[svenice7] 10/8/2015 12:25

I have the feeling the saudis, iranians , euro and americans have signed a secret pact to keep prices low until the russians go bust. Once then oil will go up big time. Listen to Soros.

[cat100] 10/8/2015 11:05

Saudi Arabia may go broke before the US oil industry buckles
It is too late for OPEC to stop the shale revolution. The cartel faces the prospect of surging US output whenever oil prices rise.



Not great reading for Tullow is it

[hectorp] 10/8/2015 09:44

If things will look much better in 2016, then the shares are not a sell and may hold close to the present price with considerable upside though tot until the new Year.
PS I can see crude falling to as low as $37-38 as the oil war continues.

[31ben] 09/8/2015 18:02

For those interested in oil companies check this Interview with Gaurav Sharma - an Independent Energy Analyst:

[oilretire] 09/8/2015 17:35

Ha ha, sadly the market rarely see's it as I do with my glass half full ;-)

[spacedust] 09/8/2015 15:34

Oil, here's hoping that the market sees it like that. Thanks for your input.

[oilretire] 09/8/2015 13:00

Space -

If it's commercially driven it's a catch 22 to avoid penalties:

Supplier (TLW) can't offer it to buyer until certain it can be supplied (i.e. compressor fixed)

Buyer (TICO) forced to buy a supply that is certain (i.e. crude) until alternative supply (of gas) can be guaranteed. There may well be a 'tie-in' notice period to interrupt that supply. Perhaps a few days, 1 week max would be my guess.

Supplier is now able to offer, so the buyer will nominate gas as soon as the oil nomination can be turned off.


If it's operational driven it might be catch 22 depending on the tests or the equipment being tested.

They selected light crude oil to perform this final commissioning tests - once testing ongoing they might be forced to continue for stability of the testing program or forced because they are not duel fuel burners on whatever they are commissioning.


It could of course be a combination of both.


But given they acknowledge the expense of crude over gas, TICO will switch ASAP.


Yes bad news in very short term, but I see it as very good news that Jubilee is fixed - and within the guidance of mid-August.

[azalea] 09/8/2015 12:31

spacedust
Since 1938, events in S.A. have moved on somewhat in its production of oil under the control of ARAMCO. So has S.A defence budget, spending billions of dollars on A/c, and high tech military equipment from the USA. Not forgetting the huge earlier Al Yamani project with BAE -tornado aircraft,associated weaponry, storage bunkers and HAS; the whole shooting match. The kingdom spends a lot of money on the keeping the families of princes happy, low taxes and little or nothing on indigenous industries, save gas & oil. S.A. current military expenditures in support of the Yemen government forces against rebel factions does not come cheap. In short, there is no way revenues from religious tourism could begin to make a dent on S.A. defence budget. S.A. is currently flooding the market with diesel fuel produced by its indigenous refinery, hence for the first time in 15 years diesel is cheaper than petrol in the UK and elsewhere, with prices set to fall further. The oil war is between the US shale producers and OPEC, led by Saudi Arabia.

[spacedust] 09/8/2015 11:39

According some energy experts, the decision not to take the gas, could affect crude oil production on the jubilee field. Tullow Oil may also be forced to flare the gas.

Being forced to do something is something I see as bad??? What am I missing.

[spacedust] 09/8/2015 11:37

The reason why I see as bad news is that tlw requested something and they got turned down

[spacedust] 09/8/2015 11:34

Either I need 300 to break even so I'm hoping you are right and we see an upside which we wil eventually. Any lower and I'll add