Tullow Oil Share Discussion Threads

[mcsean2164] 19/6/2017 16:16

Yes, I wish I'd sold at 240p, didn't see this coming. Libya production up, Nigeria up, shale up!

API tomorrow then EIA and then baker Hughe's. An interesting week ahead for me anyway... starting to hurt a bit....

At least the sucker is here to remind me of what an idiot I am! What pearls of wisdom will he bestow upon us next?

[sux_2bu] 19/6/2017 14:16

Lead balloon this share. Not point championing it, it's going into the gutter.

[wantmorethan24p] 19/6/2017 14:14

something mot right.
i hold 25,000 shares

[mcsean2164] 19/6/2017 14:04

wantmorethan24p,

Might be better off sending a mail to investors relations. They do at least reply!

[wantmorethan24p] 19/6/2017 13:56

come on tullow give us blue please

[sux_2bu] 19/6/2017 09:17

upwego19 Jun '17 - 09:02 - 29235 of 29237 0 0
Im average £1.67p now happy with that

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Sell any bounce or you won't be happy with 167p as 67p will be off around Q4

[mj19] 19/6/2017 09:13

Being shorted so it doesn't seem to hold any rise!! Still down loads

[sux_2bu] 19/6/2017 09:07

Come on sub 100p

[upwego] 19/6/2017 09:02

Im average £1.67p now happy with that

[mashraf] 19/6/2017 08:58

trading statement 28th as per google finance

[0rient] 19/6/2017 08:54

Yep, I'm buying too..TLW has always been volatile. Big fast drops followed by just as fast upward moves. Trading update next week i think :-)

[sux_2bu] 19/6/2017 08:44

It will be around 90p more like.

[upwego] 19/6/2017 08:43

added some more will be 2.50 in the next month buy when the fear is out there

[sux_2bu] 19/6/2017 08:29

Crucial support time now.

This is strike 3 at support. Usually, 3 strikes and out.

[sux_2bu] 19/6/2017 08:18

wantmorethan24p18 Jun '17 - 17:32 - 29228 of 29228 0 0
oversold this is.


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No it's not, it's going a hell of a lot lower. I'm right, you're wrong. lol


Could be going into Administration for all we know.

[wantmorethan24p] 18/6/2017 17:32

oversold this is.
if oil goes any lower then the shale oil will not be profitable

[wantmorethan24p] 18/6/2017 17:32

oversold this is.
if oil goes any lower then the shale oil producers will not be profitable

[mcsean2164] 18/6/2017 14:13

Mariopeter,

I thought this was interesting from peakoilbarrel

CLR, EOG, OAS & WLL Long Term Debt:

2007 = $2.4 billion
2016 = $19 billion

So, with the price of oil above $100 from 2011 to mid 2014, these companies continued to ramp up their long term debt. So, it makes perfect sense if they weren’t making money at $100, then of course technology has made them profitable at $30-$40.

Furthermore, just to SERVICE the interest on their debt, these four companies INTEREST EXPENSE has also ballooned. Here is the increase in INTEREST EXPENSE:

CLR, EOG, OAS & WLL Interest Expense

2007 = $136 million per year
2016 = $1 billion per year

So…. just like the poor slobs who can only pay their minimum credit card interest payment, these four companies are now paying $1 billion per year, just to service their debt.


There's a lot of sunk cost in shale and lots of different well variables but even if they go bust someone else will just hoover up the assets. I don't think shale is going away any time soon

[mariopeter] 18/6/2017 13:50

Interesting article about what really will happen with shale in the US.

[oilretire] 17/6/2017 00:59

Exxon fast tracking Liza next door.......

[ifthecapfits] 16/6/2017 16:53

post brexit this is exactly the sort of business that should be sought.

[mcsean2164] 16/6/2017 16:39

hxxp://www.rigzone.com/news/oil_gas/a/150567/oped_1_trillion_on_the_line_and_saudi_aramco_ipo_riddled_with_risk

Hmmm very interesting...

London is a 25% float and US means 9/11 claims. Where will Aramco float? London would be amazing for poo.