Tullow Oil Share Discussion Threads

[ifthecapfits] 24/1/2017 11:24

Topped up.

[simon8] 23/1/2017 19:58

That was a rather nasty note put out by HSBC, you do wonder about their motives; company has turned corner, oil price stabilising and ready to move up with OPEC cuts, derisked Uganda, insurance on jubilee/ ten producing and ready to storm ahead, plus a new oil fund in Kenya.
Odey and the other shorters must be absolutely loving HSBC analyst now, Christmas card list added to perhaps!

[leoneobull] 20/1/2017 12:04

Bought back in. Oversold

[mariopeter] 20/1/2017 08:39

rig count in Nrth America

[cricklewood] 20/1/2017 05:37

Oil Gains as U.S. Supplies Decline at U.S. Hub, Rise Elsewhere

→ Cushing, Oklahoma, stopckpiles fall 1.27 million barrels: EIA
→ OPEC cuts not necessarily a ‘bonanza’ for shale producers: IEA

Futures climbed 0.6 percent. Supplies at Cushing, Oklahoma, fell by 1.27 million barrels last week, the Energy Information Administration said. The agency reported that nationwide stockpiles rose 2.35 million barrels, while the industry-funded American Petroleum Institute said there was a 5.04 million-barrel decrease on Wednesday. OPEC output cuts won’t necessarily trigger a “bonanza” of U.S. shale supply, the International Energy Agency said...

[mariopeter] 19/1/2017 16:41

Sell Kenya and we 'll see about limited upside.

Trump does something stupid and sends the oil price shooting up....

Saudis make deeper cuts in supply if they don't get a higher oil price......

[frontdoor bull] 19/1/2017 14:13

They want it down for now its as simple as that, FFS.

[leoneobull] 19/1/2017 14:08

Ah. From lse2 postsTullow Oil tanks on HSBC downgradeUnable to post link. but here it is: Tullow Oil tanked on Thursday after HSBC downgraded the stock to 'hold' from 'buy' but lifted the target price to 320p from 270p, saying the shares offer "limited upside". The oil exploration and production company's shares have risen 19% since OPEC announced output cuts in late November and are up 147% in the last 12 months. The group should begin to deleverage this year after five years of rising debt with production ramping up and capital expenditure falling sharply, HSBC said. The farm-down of its Uganda Lake Albert assets to Total will lower capital expenditure while firming up the development timeline by putting control into a supermajor's hands - a "good strategic decision", according to HSBC. However, the bank warned that oil prices - arguably the biggest driver of the stock - have limited near-term upside compared to its estimate of $60 per barrel for Brent crude in 2017. "We don't expect operational catalysts (e.g. exploration) to be material enough, and believe the shares now look fully priced after their recent outperformance." The bank said it was also disappointed by Tullow's lowered production guidance on the TEN project in Ghana, due to pressure management issues and the inability to drill new wells until after a border dispute ruling later this year On 11 January, Tullow said production at the TEN field in 2017 is now expected to be 23% lower than had been previously forecast. Shares fell 3.27% to 301.90p at 1039 GMT.

[leoneobull] 19/1/2017 14:07

Why is it down today??

[mariopeter] 19/1/2017 13:51

Wonder what the proceeds are from Norway as bought for $300m+ and we hit oil twice there since.

Don't think we can keep all of Kenya and we need to have a couple of big ones in cash there.

South America is looking really good.

[phillis] 19/1/2017 12:43

added this morning
shame not too
TLW will prosper

[harry rags] 19/1/2017 07:07

More good news and good prospects - well done Tullow

[yasharsad] 18/1/2017 17:11

There is a mixed behaviour among shorters. For example citadel advisors has reduced its short below 0.5% but citadel europehas increased to 1.11%. And still odey owns the largest amount of short and has kept increasing it. https://www.fca.org.uk/publication/data/short-positions-daily-update.xls

[larva] 18/1/2017 15:43

Oil prices slide on prospect of rising US shale production
36 Mins Ago

[midasx] 18/1/2017 08:16

Yes for a guy who lost over 40% of his funds money last year I should take a very serious look at my fund management rational. Blaming it on passive fund management is no excuse!

[larva] 18/1/2017 07:56

odey wants this back to 240p

[midasx] 18/1/2017 07:55

Pressure growing on the shorters, they did not expect the Opec deal and poo going in a positive direction, they did not expect the farm down deal hugely reducing capex requirements. Good news regarding new oil like yesterdays announcement can come at any time. As oil supply/demand balances later this year the poo is only going in one direction so they will have to close at some point soon.

[yasharsad] 17/1/2017 18:57

When do u think shorters will start closing? They have been around for a long time. Surely it is the time for them to close.

[mccracken227] 17/1/2017 17:26

Poor performance today... but more oil in the bank for the future.

[frontdoor bull] 17/1/2017 15:41

I thought we be around £4 by close, after the good news.

[p_dharmendra] 17/1/2017 12:58

Uk to leave single market ?