Tullow Oil Share Discussion Threads

[mcsean2164] 12/4/2016 13:37

Just hope the banks get the finger out and the RBL is sorted, turret issue timing is not good!

[midasx] 12/4/2016 13:28

With the oil price being low and its outlook still very uncertain, buying shares in an oil producer may seem counterintuitive. After all, there are other sectors that are performing much better than oil and that could deliver more stable returns in the long run.
However, in the case of Tullow Oil(LSE: TLW), its future seems to be much brighter than for the majority of its sector peers. That's largely because it's forecast to ramp-up production in the second half of the year as its Project TEN in Ghana comes onstream. As such, Tullow Oil's pre-tax profit is expected to rise from £69m this year to as much as £215m in 2017.
The impact on investor sentiment of such a sharp rise in profitability could be significant - especially since Tullow Oil trades on a price-to-earnings-growth (PEG) ratio of just 0.1. Therefore, while the outlook for the wider oil sector may be highly uncertain, Tullow Oil could be a surprisingly profitable investment over the medium term.

[aishah] 12/4/2016 12:12

In a year, short positions have gone up from 2.5% to 8.25%. Need to keep an eye on that to see reversals.
hxxp://shorttracker.co.uk/company/GB0001500809/all

Also, will they have to re-negotiate borrowing facilities considering net debt?
all imo,dyor

[p_j_s1] 12/4/2016 11:55

At the last presentation the CFO said that they expected to lose a bit of headroom when the RBL is renegotiated. That was based on the fall in value of reserves and was before the turret issue. So it is easy to see why banks might be looking hard at the numbers. I can't see any recovery in the price until we have clarity on funding through TEN startup.

[leoneobull] 12/4/2016 09:58

Is it uncertainty over the recent turret RNS plus delays in regular banking 6 monthly being signed off? The person who spoke to IR and posted here mentioned that they expect sign off later than expected until turret issue investigated.

[wookie77] 12/4/2016 09:48

Credit Suisse price target 285p. J P Morgan 305p.

[wookie77] 12/4/2016 09:35

We are almost at half yesterdays volume and its only 9:30am

[aishah] 12/4/2016 09:33

Nomura retains REDUCE stance with 140p target.

[khanittag] 12/4/2016 09:13

Agree bb57 @ 26437The daily price spread of this for the last 9 days has become the tightest its been for a very long time, locked in the 195 region. Meanwhile the oil price has changed by $5.5. It appears decoupled on the oil upside but I fear a tumble in oil price will see this go with it.In terms of the last RNS re Ghana, I would be more reassured if the statement said all losses "will" be covered by insurance and not "should". There may be a shock to come in the insurance small print, on either coverage or the bearing failure seen as fair wear & tear or negligence etc.We've had a couple of decent RNSs prior to that which have gone unnoticed in the price probably because of fixation on the Ghana problem. So I'd like to see the Ghana situation cleared up transparently very quickly before we see any new good news.I think the outcome of the meeting in DOHA will be known before that news comes so perhaps we could debate what a good outcome from that meeting would look like? I don't think a freeze at January production levels will cut it really and perhaps the market is expecting a small 0.1-0.2% reduction? Thoughts?

[dlku] 12/4/2016 07:20

Oil-producing countries from inside and outside of OPEC hope to strike a deal this weekend to freeze production in order to stabilize the price of crude. Since Saudi Arabia, Russia and others first agreed to a meeting in February, oil prices have been supported at somewhat higher levels.

[bigdazzler] 12/4/2016 01:16

Is it time to go tullow??

[dlku] 11/4/2016 16:20

should jump tomorrow

[bakedbean57] 11/4/2016 16:15

Guessing overhang reaction to last RNS

[ifthecapfits] 11/4/2016 15:51

Why aren't we rising with the POO today....

[bakedbean57] 11/4/2016 14:54

Wow shocking volume even with oil progressing nicely lost some momentum here! Can tell that from how quiet boards are as well. Worrying :(

[bakedbean57] 11/4/2016 12:12

A good operational update on TEN wouldn't hurt here, if we can do it for the Turret do it for TEN!

[onjohn] 11/4/2016 08:50

Highly satisfying

[dlku] 10/4/2016 15:07

240 this wk

[paulbiya] 10/4/2016 12:48

Hearts and mcsean. One you will both enjoyNy boy is in real troublehttp://oilprice.com/Energy/Oil-Prices/Why-Oil-Prices-Will-Rise-And-Many-Pundits-Will-Be-Caught-By-Surprise.html

[nicebut] 09/4/2016 12:01

Hearts,

LOL

[paulbiya] 09/4/2016 06:34

Laughing all the way to ny boy's bank

[hearts1] 08/4/2016 14:32

Hopefully NB, it's a storm in a tea cup!

[thomasthetank1] 08/4/2016 14:23

Read FirstEnergy's note on Tullow (TLW), out this morning, by visiting www.research-tree.com …
“Market reaction: negative. Tullow does not believe this will have a material impact on revenue given insurances. However in the context of very high net debt and the need to start deleveraging the balance sheet, investors are likely to be unnerved by operational difficulties, production delays and potential future restriction on the Company's key asset. The level of future capex exposure to resolve the bearing issue and inevitable questions on insurance coverage could be other sources of concern. Importantly, we estimate that each month of production shutdown at Jubilee reduces FY16 Production by 3,100 bbl/d and Operating Cash Flow by US$30 mm (pre insurance). With insurance excess corresponding to only two months of production, this is therefore not life threatening and could provide a buying opportunity in a name that was trading closer to our ReNAV…”