Tullow Oil Share Discussion Threads

[supermarky] 27/6/2017 10:14

The drop since the beginning of the year has been brutal, with no sign of stopping just yet. A rally would need to clear 185p to break the top end of the descending channel. Areas to watch for resistance over the longer term would be 216p and then 242p. Otherwise, the next low would be the 2016 bottom at 116p.

[mariopeter] 26/6/2017 16:48

Yip Fraz ,

Think we will be looking to farm down part of the 1 billion barrel field in Kenya not just for deferred development costs but also for cash to reduce debt.

I heard from an oil man recently that big oil is being advised to drill into puddles again as fracker costs are increasing dramatically.

Just hope we don't get bought out way down at this share price.

[frazboy] 26/6/2017 14:21

My issue with TLW is that they are still too indebted. This year this will have some free cash, and they will pay down debt by perhaps $200m to $300m (prior to any farm out receipts or exceptional cash inflows). Next year it looks pretty bleak though, their hedges are limited (24,000 bopd @ $52), and both Jubilee and TEN need further infill wells which don't come cheaply even in a depressed environment.

On the subject of debt, I see from the latest investor presentation that they plan to reduce debt to get EBITDA down to 2.5 times; the question is, what are they planning to sell? They're attempting to farm down Uganda (but as of yet have received no cash consideration) which leaves the WA assests or possibly Kenya as being the family silver. The problem with selling the WA assets is they lose cash flow.

At the time of the Rights Issue it looked like $750m was perhaps not enough, that still looks like it may be the case.

[azalea] 26/6/2017 13:38

Rig counts have risen 23 weeks in a row. U.S. shale oil reportedly flooding the markets and prices are stuck because of the unwillingness of some OPEC countries to cut outputs further. A number of them only have oil as a source of income.

[mcsean2164] 26/6/2017 13:28

Tullow investors.

[mj19] 26/6/2017 12:38

Still can't hold a gain

[runwaypaul] 26/6/2017 08:37

We…see the sell off as an attractive buying opportunity in our favored stocks, including Total and Lundin, whilst we have also started to see investor interest in higher beta stocks that have sold off such as Tullow,” said Goldman

[runwaypaul] 26/6/2017 08:01

in with tranche1 @147

[volsung] 24/6/2017 13:36

Dog-faced wallabies are about. Take care!

[supermarky] 24/6/2017 11:24

Lows were 116. Looking at the chart technically it could get there. I am now buying in tranches from here.

[runwaypaul] 23/6/2017 18:48

hovering over the buy all day.dont really like buying on Fridays though.

think ill just start buying in tranches Monday.gl

[wantmorethan24p] 23/6/2017 14:41

bought some more.

[runwaypaul] 23/6/2017 14:29

still watching and waiting for an entry here.

[timw3] 23/6/2017 13:32

o/t UKOG massive OIL hit!!!!

More news next week by the looks of it. Weekend press will be all over this,

Politcally stable, funded, oil seeping out, Whats not to like.

Can see 3-4p easy next week imo

[mcsean2164] 23/6/2017 13:26

What??? Tullow is not actually down today? Surely it will capitulate when the US opens?

One more week to the end of June. What will happen then? Is it a shale reduction conspiracy? Baker Hughes later today...

[dodge meister] 23/6/2017 11:59

Storage of oil may be due the speculation that the oil can be sold in the future at a higher price. This may be an indication that oil traders are expecting a price rise

[paset2glen] 23/6/2017 11:46

Tullow Oil's management have joined the investofi platform, which allows them to speak to investors directly.

We are running a promotion and giving away £1,000 of Tullow shares as well as cash prizes. Between 12pm-5pm for investors that register on investofi - www.investofi.com and connect with Tullow Oil, they will go into a pot and winners will be randomly selected.

The first prize will be £1,000 of TLW shares, after that there will be ten prizes of £100 and twenty prizes of £50. In our last promotion, we only had 74 investors that participated, so you have close to a 50% chance of winning a prize.

Good luck!

[azalea] 23/6/2017 11:09

To illustrate the supply overhang, traders report the recent chartering of 5 very large super tankers, storing 2m barrels each, to join 25 fully loaded super tankers laying up in Malaysian waters.

[jotoha2] 23/6/2017 08:27

Everyone gets a bite of the cherry!

[mcsean2164] 23/6/2017 08:21

Good grief, odey must be delighted with his short now....

[cc2014] 22/6/2017 23:18

Never catch a falling knife but that's my style. I've bought today as I think oil isn't going to go much lower.

[runwaypaul] 22/6/2017 18:22

WTI back down @42.75