Tullow Oil Share Discussion Threads

[peterlowen] 28/7/2016 08:25

dean.... Just wait a month when TEN gets up and running...

[deanroberthunt] 28/7/2016 08:21

unbelievable, smashed market expectations by a country mile, and in this backdrop...and it's down and Jefferies target is 175p....the BOD of this company should be applauded for how they've reset this company to survive and make a profit in a sub $50 Oil world....

[peterlowen] 28/7/2016 08:13

Latest broker views


Date

Broker

New target

Recomm.


28 Jul JP Morgan... 270.00 Overweight
28 Jul Deutsche Bank 240.00 Hold
28 Jul Jefferies... 175.00 Underperform

[david brent] 28/7/2016 08:11

5% drop on no volume, closing out their shorts no doubt.

[upwego] 28/7/2016 07:53

Will be £6 per share by year end get in early lads buy an forget

[mccracken227] 27/7/2016 15:02

Hope you are correct Dean, should be with Ten producing and any increase in poo

[deanroberthunt] 27/7/2016 14:57

early 2017 this'll be £6-8 sp

[kevjones2] 27/7/2016 14:52

Are FirstEnergy Capital suggesting they knew there'd be a profit of 30m? Very strange considering all other companies expected a loss for Tullow.

Also, their 'neutral' effect on the markets is way off the mark.

[pounddreamer] 27/7/2016 11:39

From the FT……R30;…..
Revenues in the first half of the year fell 34 per cent compared to the same period last year to $541m, a smaller decline than expected, leading to a pre-tax profit of $24m. Analysts had expected the company to suffer a loss of more than $150m, according to an average forecast of analysts conducted by Bloomberg.

A delta of +$174 on analysts expectations!!!

[pounddreamer] 27/7/2016 10:57

Celeritas, Macro fundamentals are such that we are going to need a shed load more oil in the not to distant future. World population is going up by 75,000,000 per year (google population world clock)- thats the population of Germany being added to the planet every year. We humans are breeding faster than rats and rabbits combined and they/we all consume energy.
World stock of oil consuming autos will double in the next 15 to 20years - 90% will be based on current engine technology (see BP's Jan 16 Energy outlook - Even consumption of coal increases!!
Shale will act as a break on the POO$ in the short term but thats it - IMO.

[celeritas] 27/7/2016 10:26

pound, do you not believe US shale will just come back into production to limit poo appreciation.
At $60 most shale oil is profitable so I can see that forming a ceiling unless large production is taken out.
Lack of investment in standard oil will of course cause a huge upside at some point in the future, get that right and you'll do very well.

[casino444] 27/7/2016 10:18

Share Up then profit taking , share down then up again , place your bets and spin that wheel

[pounddreamer] 27/7/2016 09:08

First foray into TLW - 2 lots at 195 and change.
They made a profit guys! In this environ its akin to a miracle - it WAS the first half of 2016 remember!!
With Hedges and the bond issue they are pretty much protected for next 18mths
All subject to POO of course but yes Celeritas I do believed poo will return to $100+ in 3 to 5 yrs and the longer the CapeX pain the more the gain

[dealer1972] 27/7/2016 09:05

The usual, 'sell on news' brigade. I expect some broker note upgrades on TLW. The financial headroom additionally gives me confidence versus the likes of PMO at present.

[zooshare] 27/7/2016 08:55

so why the selling?

[celeritas] 27/7/2016 08:51

The problem being hedges are running down with oil still very low. What happens when your entire production is at the mercy of $45 oil.
I agree at some point lack of investment will fire oil up but fracked oil will then come online to limit upside.
Ruling out some war of sorts in a high producing country does anyone seriously think oil will run towards $100 again for a long time.

[deanroberthunt] 27/7/2016 08:44

WHAT A BUYING OPP, PERSONALL FILLING MY BOOTS....

[mccracken227] 27/7/2016 08:43

Typical Tullow!!

[peterlowen] 27/7/2016 08:30

So what will happen to the 5% shorts? will they start to close before 10 comes on line....

[deanroberthunt] 27/7/2016 08:29

yup 2014 to end 2016 has just been about survival, those that can survive will stupid bad thru 2017 onwards

[shanig] 27/7/2016 08:26

The trillion $ reduction in capex will eventually lead to a significant increase in poo. TLW has today shown that it will be in a position to benefit significantly. Patience required.