Tullow Oil Share Discussion Threads

[hearts1] 10/11/2016 14:36

No it was a buy, it states it's ' sales' or shares not ' sells ' Read properly yourself before you pass judgement.

[simon8] 10/11/2016 13:07

I think you will find that was a sale, it says so clearly on the transaction notification! doh.....

[eipgam] 10/11/2016 12:57

Dir buy... £52k

[plastow] 10/11/2016 12:06

What a trump trade at 4am took oil at 10 pounds a point like I said oil is coming out of a inverse H.S which means tlw will fly on the back of it this time next year Rodders

[kevjones2] 10/11/2016 11:59

Post 27936, mariopeter. Great call - not! All we need is another losing shorter, maybe azalea, to post and we should see this go even higher!

[wookie77] 10/11/2016 10:26

You gotta wonder think Odey must be thinking. Effectively made the right bet on Brexit and Trump yet markets keep suprising. He must be getting tempted to bin his shorts....if shorts began to close here it would push the share price to 350-400p IMO.

[mpclag] 10/11/2016 09:01

The more I look at the prospects of this company, the more I like it. Massive hedging protection at decent prices booked in until end of 2018. Suprised more oil companies dont do more hedging.
Massive uplift in porduction due 2017. Debt will start to be repaid, cap outlay massively reduced.

What's not to like?

Doubled my small holding

[mccracken227] 09/11/2016 16:48

Wish i could get these for 34p

[nicebut] 09/11/2016 16:32

.wrong thread

[mcsean2164] 09/11/2016 14:08

In fairness, you gotta hand it to tullow , the hedging has been amazing this year:

Hedge position 2016 2017 2018 2019
======================================= ======= ======= ======= =======
Oil hedges
======================================= ======= ======= ======= =======
Volume (bopd) 42,500 38,500 18,000 2,740
======================================= ======= ======= ======= =======
Average floor price protected ($/bbl) $72.81 $61.29 $53.47 $43.91
======================================= ======= ======= ======= =======

Probably the same across the board. There will be a bigger squeeze in 2017, if they use the 2019 hedge, it'll be very tough times indeed for tullow...

[mpclag] 09/11/2016 11:54

debt has been driven up by massive investments in new fields over the last couple of years. These fields have only just started producing-Payback time just around the corner. Profit will now depend on what rates can be negotiated in long term rates. Cap exepnse will be negigible in next few years and cash flow positive going in to 2017.

[mariopeter] 09/11/2016 11:33

Increasing debt by $200m to net debt of $4.9b is not reducing debt. Issuing a production warning on TEN is not good.
Trump to bolster US oil production and squeeze oil prices.

Triple bad news this am.

Finger off the buy trigger as management have lost sight of the absolute need to de-gear and fast. Whoever is driving up debt needs a jolt.

[oilandgas] 09/11/2016 09:43

Very positive update looking at the figures and the plan to address the debt going forward. The company is in a very positive place and this could significantly re-rate over the next few months in my opinion.

[mpclag] 09/11/2016 09:14

producing free cash of $900m. Not bad for a company valued at $2.5bn

[steve73] 09/11/2016 07:15

trading update.... a good day to bury bad news as TLW revises it production forecast down.

[abarclay] 09/11/2016 05:24

"Emerging markets will just get annihilated. Oil gets hammered, and we'll see. ... It's still early," said Ab


Tullow sub 180?

[eipgam] 07/11/2016 13:58

Anardarko say 40k per day... TLW has 47.18%... the sum is less than 20k bopd but may average up over the period as 80k bopd is expected when fully on stream.

I think...

And DB have bought again

[frontdoor bull] 07/11/2016 12:22

Why it won't be long before oil prices rise again

Just as fast as crudes prices have fallen over the past year or so, they could easily spring back again, says Liam Halligan

[kevjones2] 07/11/2016 12:16

Informative post, Billy_Buffin.

[billy_buffin] 07/11/2016 09:21

Re Wednesday November 9th - Telegraph

Investors will be keen to find out if Tullow Oil’s Tweneboa, Enyenra and Ntomme (TEN) field in Ghana has boosted revenue during the third quarter. In August, TEN began pumping crude and the mid-cap company expects it to average around 23,000 barrels per day this year. The group’s total production guidance for the year stands at 71,700 barrels per day.

However, analysts at Panmure Gordon think production guidance at TEN will be scaled back “given start-up towards the end of the guidance period and delays in the full ramp up due to water injection issues”. Other key areas investors should focus on include projected full-year cash flow, capital expenditure and the group’s balance sheet. Colin Smith, of Panmure Gordon, reckons the balance sheet should be “on the point of deleveraging” with TEN now on stream. Full-year earnings before interest, tax and depreciation forecasts for the year currently stand at around $800m.

Anadarko 3rd quarter update:



'Internationally, the TEN complex offshore Ghana achieved first oil on time and on budget and is currently producing approximately 40,000 gross barrels of oil per day as it continues to ramp up toward facility capacity. Additionally, the company conducted a successful drillstem test of its Paon field offshore Côte d'Ivoire as it continues to evaluate the potential commerciality of this discovery.'

[plastow] 07/11/2016 07:00

Ok I've gone long on oil it's turning this looks like we are going to rally .....

[frontdoor bull] 06/11/2016 22:45

ISIS, has set fire to 19 wells in Iraq.

[sawadee3] 04/11/2016 14:44

Go on you f@@ker!!!!!!!!!!!!!!!!!!!

Brent just put on a dollar chaps :-)

*Rubs hands*