Tullow Oil Share Discussion Threads

[onjohn] 17/11/2015 08:40

wants to zoom up

[wantmorethan24p] 17/11/2015 08:40

just when tullow comes good next year i feel it may get taken out.

[holmess] 17/11/2015 08:39

Azalea - lol - you've been consistently wrong! And while you've been wrong and berating the bulls - we've been doubling our money ;)

[dlku] 17/11/2015 08:09

oil disruption in Middle East, price soaring i guess. Need the russians to bomb a ME oil platform

[careful] 17/11/2015 08:08

oil not from the middle east war zone.
looking more attractive today.

[sawadee3] 17/11/2015 08:08

My PMO also making me somewhat wealthier :-)

Easy game :-)

[dlku] 17/11/2015 08:08

bid approach INC?

[sawadee3] 17/11/2015 08:07

Beautiful mark-up :-)

Happy days chaps :-)

[azalea] 17/11/2015 07:43

HOLMES
For the months I have been commenting here on TLW I have been proved right. We have yet to see the impact of Iranian oil coming on to the market as it gets into gear increase its production. I am not a permanent bear on the p.o.o., merely one who sees no significant rise in demand over supply in the medium term.

[cricklewood] 16/11/2015 22:05

Dave

click on FOREX at the top of the page and then click energy.

[holmess] 16/11/2015 21:34

WTI - CLZ15
Brent Jan - BZF16

[investordave] 16/11/2015 21:17

Does anyone know please where I can get up to date info on the price of oil? Is there a ticker symbol on ADVFN perhaps? Tx in advance.

[holmess] 16/11/2015 19:55

Look at the PoO - quite an intraday recovery/reversal

[holmess] 16/11/2015 17:31

dros1 - UBS seem to get it. I suspect today's positive divergence between the PoO and many oil stocks is a further sign that a bottom is in for the sector. TLW is financially secure and well hedged through 2016 before it turns into a cash generating monster in 2017 onwards.

Azalea - lol - give it up. Being a perma-bear in this sector is going to cost you a lot of upside going forwards. The funds will now start positioning themselves for the recovery phase.

[spirito] 16/11/2015 17:00

That's only 1 months worth of consumption

[azalea] 16/11/2015 16:36

3bn barrels stored in tankers are going to need a hugh increase in demand to start making a dent in that kind of volume.

[badmumba] 16/11/2015 16:21

Too many getting too excited about a small rise here ,caution at the moment ..

[mcsean2164] 16/11/2015 14:15

some serious flip flopping

hxxp://oilprice.com/Energy/Energy-General/OPECs-Strategy-Is-Working-According-To-Cartels-Latest-Report.html

[dros1] 16/11/2015 12:36

Tullow came into the downturn highly geared and with substantial capital expenditure ahead to bring T.E.N [a project in Ghana] to first oil in mid-2016. Strategy switched to survival mode: a hard-hitting $500m cost plan saw headcount cut 40%, exploration spend down 75% to $250m and the dividend suspended. But this did not frame a compelling investment case and a hefty debt pile left the equity vulnerable to ‘lower for longer’ oil price narratives. But mission is accomplished and perceptions of a debt problem misplaced. This is a well- financed company with quality assets and a proven development track-record, offering long-term oil price exposure at the bottom of the cycle, yet well hedged at the front end (around 50% of 2016 estimated production at $75 a barrel).

UBS