Tullow Oil Share Discussion Threads

[phillis] 07/7/2016 08:18

time for a long overdue top up
through the worst I think (and hope)

[mcsean2164] 07/7/2016 00:00

The Bonds are issued at par and will have a coupon of 6.625% per annum payable semi-annually in arrear on 12(th) January and 12(th) July in each year, with the first interest payment date being 12(th) January 2017. The Bonds will be convertible into fully paid ordinary shares of the Company (the "Ordinary Shares"). The initial conversion price has been set at $3.52, a premium of 30% above the volume weighted average price of an Ordinary Share on the London Stock Exchange between opening and closing of the market on 6(th) July 2016, converted at the prevailing USD:GBP spot rate. The Ordinary Shares underlying the Bonds represent 9.35% of the Company's outstanding ordinary share capital.


hmmm... 6.625%, nice.... for bond buyers!

[jovi1] 06/7/2016 22:13

Good API report I was closer with 7 mil draw than with the time the true figure -6.7 mill
No sure about gasoline etch

[olieslim] 06/7/2016 22:11

See the comments for the numbers

[peterlowen] 06/7/2016 21:30

Not all doom and gloom then....rather be here than PMO at the moment,at least we know where we stand.

[hearts1] 06/7/2016 19:00

Brent $48.60, if it can hold gains should see a swift move back to 2.40.

[oilretire] 06/7/2016 17:45

£2.72

[hearts1] 06/7/2016 17:25

If NY boy is short then this will rocket, his last call was at 1.30

[oilretire] 06/7/2016 16:23

Nearer £2.70 for the conversion price....

[jovi1] 06/7/2016 15:09

thanks

better get another coffee as I think I am still at sleep

[lonrho] 06/7/2016 14:34

jov1

The api report is due at 9.30 tonight, the EIA report is due at 3.30 tomorrow afternoon, everything is of course a day late because of monday's independence day holiday.

[jovi1] 06/7/2016 14:16

hi Dean

I was referring to the API report due at 3 today I think. I can be wrong as my memory is not as good as it was, who am I kidding was never any good and getting worst
ciao

[oilretire] 06/7/2016 13:47

£2.60ish strike price?

[daniel levi bmd] 06/7/2016 13:19

Good Read this



Dan
x


As most investors know I’m in a concert party that owns just over 3% of Antrim Energy (LON: AEY). We invested in AEY due to their strong balance sheet.

Antrim have approx. $12 million dollars in cash and cash equivalents on their book. No debt and asset/licence interests in Ireland and the UK Offshore.

There’s the Frontier Exploration Licence (“FEL”) 1/13. The Fyne Licence, P077 Block 21/28a and Erne Licence P1875 Block 21/29d. All three are 100% owned by the company.

Within one of those licence areas there’s a highly prospective resource of 1.1 Billion barrels of oil. known as the Skellig Block, in the Porcupine Basin.......

[deanroberthunt] 06/7/2016 13:01

Jovi1

US inventory and production isn't till tomorrow because of Independence Day in YankeyDoodleVille

[deanroberthunt] 06/7/2016 13:00

Time to go Long sat right on the 200ema, with Oil getting tanked....hopefully tomorrows delayed US data will support a higher POO...GONE LONG balls and all

[jovi1] 06/7/2016 12:46

ps a 7+ mill draw in oil today would be really good as needed today all ready for the 3 pm news

[jovi1] 06/7/2016 12:43

peter I suspect is because he hit the resistance level before them and has I risk we are we still less risky that them, if make sense.
I suspect will be a lot of buying and selling the same share between 201 and 205 to reduce the conversion rate without screwing up the share price too much and cause future damages
lol NYboy is back long time don't see you here
if I don't remember wrong the last investments you made was the financial services I hope you sold very quick as I cannot see any of that sector that is in positive since.
I am worried like most about recession but I really did not want to sell O&G so I have increase in the last few months me exposure to silver and gold mine, and decent will do I went for a middle in risk term with Hoc and Cey
I have got more tlw today and will get more at close in the price still at this level (trading stock only)
good luck

[shaf200] 06/7/2016 12:37

What's happened today. Is this fall due to bad news or sentiment. Thanks

[peterlowen] 06/7/2016 11:57

if you take in account the fall with other oilies eg PMO ENQ in real terms we are only down 8% on the bond news....Glass half full etc.

[hearts1] 06/7/2016 11:37

I'm back in. Let's see what happens after today's Wvap arbitrage.