Tullow Oil Share Discussion Threads

[spirito] 21/1/2016 07:54

Looks like the Saudis are winning the long game.

[ny boy] 21/1/2016 06:52

Crude off again ...maybe a dip buying opportunity if they sell this down towards 100/110p area, markets due a relief rally soon.

[mapocho] 20/1/2016 23:06

Historically oil doesn't stay at these levels for long. Still a global economy growing .. with a few setbacks.

I see Buffet is buying oil .. he's more right than wrong.

Tlw as I said, an excellent company.

[jovi1] 20/1/2016 22:16

HI Bookbroke
i don t agree with the view of much capacity as extra capacity is down to the lowest level, what is true is that everyone are pumping at full capacity.
in the past Saudy and opec have up to 10 mill potential to increase production today they are at full steam ahead, if the gap of surplus close little extra will be coming to the market.
this start to change just in the last few days few company have reduced production forcast for 2016,
what we do not know is how much of the storage and surplus is condensate, i suspect it is considerably more than normal as fracking produce more of this type of oil.
i suspect many of the tanker parked at see are been used to mix condensate and oil, so maybe the picture is not as terrible as it look.
there is a small chanse that i am right but if i am oil will recover a lot faster than most people believe, i am long on oil clearly i start to buy a lot early than i should have done but tlw like many more is for people "happy" to sit on the investiment until 2020/21.
even with poor API figure tonight i suspect TLW will do well tomorrow.
i suspect oil has not bottomed as jet but share maybe are close to that.
good luck

[bookbroker] 20/1/2016 21:18

As has been stated before , there is so much capacity and investment being taken out the market, there will be one heck of a squeeze in the oil price by the third quarter, and that is if OPEC does not decide at its June meeting to cutback, at the moment it is a game of chicken but nation states who produce oil will collapse before this is out!

[blueball] 20/1/2016 20:17

I expect another 8p fall tomorrow.

[cat100] 20/1/2016 19:52

US Crude oil inventories announced tomorrow 11am EST.

[jovi1] 20/1/2016 19:26

wipo the reason for ithaca extra fall is the longer delay in teh stella project, the cost of production and the leverage on the oil underground is 13 against 5 or 6 of tlw clearly as well as the oil price.
ithaca much more risk there but the reward there can be great i got a small punt there too.

[paulbiya] 20/1/2016 18:42

If the debt isn't due back, and cashflow is significant these will bounce back h2

[paulbiya] 20/1/2016 18:38

Dow down 500 plus. Who said that low poo is good for us? It risks contagion. Best to take out the house of Saud

[paulbiya] 20/1/2016 18:30

2017 reasonably well hedged. I think about one third of production

[cat100] 20/1/2016 17:44

ppt arrived

[cat100] 20/1/2016 17:41

hxxps://www.aar.org/Pages/U.S.-Crude-Oil-Production.aspx

[cat100] 20/1/2016 17:32

The SPX Level one Circuit Breaker Halt kicks in at -7%, Would be unreal if they trigger it today. There's just no real buying yet.

[wipo1] 20/1/2016 17:32

Yes markets in the sh1t, will everyone want to be a buy to let landlord now?

[wipo1] 20/1/2016 17:29

I heard all this hedging breakeven price on Ithaca and did not believe that either.Saved me a few quid they are now 16p.

[cat100] 20/1/2016 17:28

Markets In TurmOIL

[cat100] 20/1/2016 17:25

Crude finding new lows right now.

[wipo1] 20/1/2016 17:24

Cat100 I don't think studying and research is much use, after all you're gambling your money.Oh and from what I hear it is around 45 per cent tullow are hedged for 2016 so it's not all of the oil.Correct me If I'm wrong.