Tullow Oil Share Discussion Threads

[warwick69] 02/10/2015 08:12

Something wrong with the way this is being priced

[warwick69] 02/10/2015 08:10

Oops smacked back down no volume and just wild price changes who is manipulating these prices they do not reflect what is being bought and sold must be big dark pool trades behind the scenes

[warwick69] 02/10/2015 08:06

We have lift off looking good to test yesterday's highs after all the two way fighting this has bottomed

[jovi1] 02/10/2015 01:17

Hi all
Back from the pub I maybe should not be writing or making financial decision but I do believe that finally we start to see green shut.
I am not really talking about Tlw but as oil in general, extra production is diminishing slowly as natural course as old wells especially in the fraking side start to be not viable, money are getting more expensive to borrow for the industry and saving in production cost getting more marginal.
Still there are Many shorter in this market but they start to become as worried as the "proper" investor.
China is the main cause for the latest setback and the government have tried the financial tricks generally used in the west to stabilise the market together with some eastern touch that had at best a mix reaction.
What do you think China will do next to improve the situations?
Well I suspect they will do the right thing and will build more infrastructure, houses, and services all those thinks that help the mass as last resort to maintain the better off to the stansard of live we become accustomed sadly this is the only time the worst off has real help in China like in the West. All that will free capital in the real market where brick and steel required.
Money will start again to spin around and we will have a new cycle, I suspect oil will be one of the first to benefit.
Often I ear and read about the strength of the dollar amper the price of the oil and the situation will worsen as the US will increase interest rate, my answer to that is:
Oil is down well over 50% what currency in the last 6 months has lost that much so they have to reduce the amount of oil they can afford?
Simple answer is none and every country are better off when it come to energy against last year.
We always talk about oil company are suffering I suspect there many green energy company that are suffering a lot more and will continue to do so for longer until oil back to the 85 for sure especially when many government are cutting subsidiary.
Another factor that depressing oil is rafinery shut down for maintenance, that is already in the price and is happening now.
I don't generally make short term prediction all my investment are long term and never try to buy at the bottom not sell at the top because never happen that way.
As Tlw bottom out I hope so but with this volatility who know, in my book Tlw is worth 9 to 10 billion take out approx 4 billion debit. So I will sell when I can see market cap 5 billion and leave the last 10- 20% to the guy that buy my share.
With oil so far as always worked that way and I always made money why change now!
If I rant a lot please tums down for me if not tums up and I will adjust the amount of this view I share.
Excuse my English
Good luck!

[warwick69] 01/10/2015 14:15

Oil strong rally continues should hgelp

[warwick69] 01/10/2015 14:11

Can this climb back to 190 where it rallied to first thing should be many bargain hunters happy to have a go at these lows

[warwick69] 01/10/2015 13:47

Can't believe this was £6 only a year ago ?????

[warwick69] 01/10/2015 13:12

Yes maybe but seems all too easily contrived you see loads of buys then bang price drops by 1 or 2 pence on nothing the markets at the moment are devoid of fundamentals its just big spread beys or CFD or MM price change to create panic

[phowdo] 01/10/2015 12:48

Probably gapped up too far so needs to at least attempt to fill some of this mornings gap.

[warwick69] 01/10/2015 11:54

Bulls fighting back is this a clasic short covering move change in momentum

[warwick69] 01/10/2015 11:20

Bears are winning this battle

[warwick69] 01/10/2015 11:16

Extreme volatility here real fight by bulls and bears

[warwick69] 01/10/2015 10:59

Looks like some pretty big battle between bulls and bears some big algorithm trading again similar to what has been going on in glencore a sustained reversal on oil price will set the cat amongst the pigeons maybe a change in momentum? Lower oil is good for the world consumers which will filter down and thus lead to more utilisation of oil consumption and a rally back to more normal prices I think the recent massive sell off in oil and commodities is over done

[cricklewood] 01/10/2015 10:39

Shares in Irish-founded oil and gas explorer Tullow Oil were up 12 per cent in early trading in London on Thursday after the company said it retains the support of its lenders.

[warwick69] 01/10/2015 09:55

Why is it giving up most of this am gains ?

[herbyrainer] 01/10/2015 09:51

I have taken the plunge and added some to my sipp this morning @ £1.86. It was these or BP. If it goes wrong I will blame holmess :-)

[holmess] 01/10/2015 09:07

Herby goes bananas - lol ;)

Great announcement.

[gregpeck7] 01/10/2015 08:06

Short squeeze on

[bigbigdave] 01/10/2015 07:56

ADVFN newsfeed not working.....

Tullow Oil PLC
RBL Redetermination
RNS Number : 8360A
Tullow Oil PLC
01 October 2015

News Release


Tullow credit facilities unchanged following six-monthly RBL redetermination

1st October 2015 - Tullow Oil plc (Tullow) and its lending banks have completed the routine six-monthly Reserve Based Lend (RBL) redetermination process and available debt capacity remains unchanged at US$3.7 billion. This demonstrates the continued support of Tullow's lending banks during this period of low oil prices and the high quality of Tullow's asset portfolio.

As of 30 September 2015, the Group has cash and undrawn credit facilities amounting to US$2.1 billion of headroom with no near term maturities. This successful outcome builds on the US$450 million capital increase and covenant renegotiation achieved in March 2015.

Ian Springett, Chief Financial Officer, Tullow Oil plc, commented today:
"Today's announcement demonstrates the robustness of Tullow's debt capital structure and emphasises the strong support that we are receiving from our relationship banks. Generating such significant liquidity at this time reflects our prudent hedging programme and the quality of our producing and development assets. We are fully funded to meet all of our commitments including the ongoing investment in the TEN development. This important project remains on schedule and on budget to deliver first oil and significant additional cash flow in mid-2016."

[phowdo] 01/10/2015 07:53

Bounce from these levels? I reckon so.

free stock charts from uk.advfn.com

[repairer1] 01/10/2015 07:42

RNS out this morning, great news from the lenders, shows great confidence in Tullow

[cfd trader] 30/9/2015 18:47

Looks like we are forming a base at 169p .

[plentymorefish] 30/9/2015 18:39

And we need to know that because?....