Tullow Oil Share Discussion Threads

[wantmorethan24p] 17/3/2017 09:04

gpx up 11%
20p target 12 - 18 months.

[frazboy] 17/3/2017 08:52

Emptyend - a very interesting question. They will still have around 4bn of debt (perhaps a little less).

[sux_2bu] 17/3/2017 08:51

Charts tell a lot....when you have unscrupulous short attacks, they have support and resistance levels. It's all psychological. If you think others wise, nip to the City, knock on the door of a Hedge Fund and ask for some free training.

[casino444] 17/3/2017 08:49

£1.30 new shares , 45% discount , bring it on

[emptyend] 17/3/2017 08:47

The main question I'd have on this is whether they are STILL over-leveraged even if they can execute on their disposal plans. With the £300mn hedge income running off, the income statements could start to look quite thin.If they turn out not to have raised enough, then that could get quite tricky.

[gregpeck7] 17/3/2017 08:46

Didn't see this coming here tbh

[hiddendepths] 17/3/2017 08:42

Charts hardly relevant when there's been a rebasing of the shares. I suppose if you multiply all the past prices by 201.1/237.3 you might be able to deduce something but how many charting packages allow you to do that?

[ny boy] 17/3/2017 08:34

Chart support 183p, I will add more around that level, if the market allows me

[0rient] 17/3/2017 08:33

Massive disgrace this and no need for it! They already had in place cost cutting procedures and generating positive free cash flow.
So much for looking after the shareholder..this has royally screwed them. Massive dilution in shares, going to be a shorters paradise for the foreseable future!!

[hiddendepths] 17/3/2017 08:30

Obviously they've been traipsing round the City with this for a while and the institutions have been piling out in advance. That is a problem with deep discounted issues - if enough unscrupulous types know about it, the share price declines hard beforehand.

Not surprised that the price has now fallen back to around the theoretical xr. I would imagine there will be organised support (by the brokers involved in the issue) around here.

[ny boy] 17/3/2017 08:29

Sux_. He is in the classroom early today

[bookbroker] 17/3/2017 08:26

This is a straightforward takeover now, a tiny morsel for big oil, even with debt and agreements to deal with!

[cumnor] 17/3/2017 08:25

Fairly desperate rights price, considering the share price was 330 not so long ago.

[sux_2bu] 17/3/2017 08:24

Whats with the capital letters ? Is your keyboard knackered

[wantmorethan24p] 17/3/2017 08:23

TARGET 150P


A WELL DISCOUNTED RIGHTS ISSUE.

GULFSANDS IS A BETTER BET.

[sux_2bu] 17/3/2017 08:21

Next support at 180p....if the market take it there.

[hiddendepths] 17/3/2017 08:18

Rayrac - hands off our HUR - don't put ideas into Aidan's head!

[rayrac] 17/3/2017 08:14

Oilretire,

They might be looking at some HUR prospects...something closer to home? But I doubt it. 🤑

[hiddendepths] 17/3/2017 08:13

You had 49 shares at 237.3p.

You will now also have 25 shares at 130p.

Henceforth you will have 74 shares at 201.1p

Being (49*237.3) + (25*130) = 74*x

Do the algebra and you get the theoretical ex rights price.

[ny boy] 17/3/2017 08:13

Carla..unlike you, I don't need to sell, I am holding for several years, will just add more at lower prices. Sorry to disappoint you.

I have made 700% on (HER) and fantastic returns on other stocks , so I have I got a paper loss of 10/20%, is not a concern.

[oilretire] 17/3/2017 08:10

Don't be silly doc, it'll take a hit but it won't be anywhere near 130!

It's rights, not a placing

[carla1] 17/3/2017 08:10

Eh... crashing in the real world

[hiddendepths] 17/3/2017 08:08

I love deep discounted rights issues!

Shares up this morning - not that many people understand that!

[sux_2bu] 17/3/2017 08:08

Well, went to the bottom of the gap i've been mentioning, but in doing so created another whopping gap.