Tullow Oil Share Discussion Threads

[mariopeter] 30/11/2017 22:24

Saw the live webcast on the Opec website it was about 6pm.ish GMT and watched the live oil price chart at the same time. Good news from the Vienna conference. 9 month extension and Libya and Nigeria promise not to produce more oil than they do in 2017.

Very muted response on WTI chart.

Many longs in oil so could drift. Saying that everyone who can produce is producing so there can only be surprises on supply. Demand for oil is growing very nicely each year. Think the chairman said 1.5m bopd increase in demand in 2018 and that will squeeze down stocks. Build in any surprise supply problem and crude is going higher faster next year. The chairman said that some countries simply will not be able to produce the same output in 2018 as they did in 2017 due to depletion of reserves.

When asked about shale they said its a relief that it is there to help meet demand but they are just watching it really.

[spirito] 30/11/2017 16:29

only matters if youre trading

[billionaire1] 30/11/2017 16:23

1 60 here by the end of next week no doubt
never holds on good news or oil price increase

[krammy1] 30/11/2017 13:45

At first . You have to learn the rules of the game. And then you have to play it better than anyone else .

Albert Einstein .

[ifthecapfits] 30/11/2017 13:09

p.s. I see OPEC has agreed to freeze production until the end of 2018.

We should be motering.

[ifthecapfits] 30/11/2017 13:09

Thinking about its next direction then.

[jotoha2] 30/11/2017 12:52

It's about £1.40 below to where it should be , will the men in Black let it go with gusto?

[nicebut] 30/11/2017 11:55

Bit of buying, at last!

...See shorts went up a tad though on 27th...7.39%

[spirito] 30/11/2017 10:51

It's quite intriguing who would want to sell now when oil price has rallied so much, debt position secured and being paid down rapidly. I suppose an institution may have a big strategic call, but once cleared who else would want to sell? Maybe the rise now is cos the overhang cleared.

[dealer1972] 30/11/2017 10:47

Gap at 181.6p should be filled today imo. 200 day SMA not far above it may prove a resistance. However if it can push through could progress a good move up ;)

[spirito] 30/11/2017 10:31

Up up and away. 195 break even for me unfortunately!

[mercer95] 30/11/2017 10:27

I’ll stick, when Russia confirms its participation in the cuts later today Tullow should see a strong move up

[ifthecapfits] 30/11/2017 09:37

So OPEC meet today I believe. What BS do we expect stick or twist?

[midasx] 29/11/2017 15:35

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum
Reserve) decreased by 3.4 million barrels from the previous week. At 453.7 million
barrels, U.S. crude oil inventories are in the upper half of the average range for this time
of year. Total motor gasoline inventories increased by 3.6 million barrels last week, and
are in the middle of the average range. Both finished gasoline inventories and blending
components inventories increased last week. Distillate fuel inventories increased by 2.7
million barrels last week but are in the lower half of the average range for this time of
year. Propane/propylene inventories decreased by 0.6 million barrels last week, and are in
the lower half of the average range. Total commercial petroleum inventories decreased by
7.6 million barrels last week.

[nicebut] 29/11/2017 14:49

Bit more like it...

[celeritas] 29/11/2017 14:38

Just need to see how the opec meeting goes tomorrow.

[spirito] 29/11/2017 13:29

That debt deal was the trigger to hold. Just need Poo above 60 for a sustained period.

[fuji99] 29/11/2017 11:17

Lukoil 3Q Sales, Earnings Rise on Higher Hydrocarbon Prices
29/11/2017 10:57am
Dow Jones News

PJSC Lukoil (USOTC:LUKOY)
Intraday Stock Chart

Today : Wednesday 29 November 2017
Click Here for more PJSC Lukoil Charts.

By Adam Clark

Lukoil PJSC (LKOH.MZ) said Wednesday that its sales and earnings rose in the third quarter of 2017 from the prior quarter, boosted by higher hydrocarbon prices.

The Russian oil producer said its earnings before interest, tax, depreciation and amortization for the three months to Sept. 30 came to 221.1 billion rubles ($3.79 billion), up from 179.00 billion in the earlier quarter.

Quarterly sales came to 1,483.5 billion rubles, compared with 1,359.2 billion in the earlier quarter.

Lukoil said in addition to higher sales prices, earnings were boosted by higher gas production in Russia and Uzbekistan and a decrease in expenses.

The company added that in the third quarter of 2017 its capital expenditure decreased 4.6% to 118.9 billion, lower than the previous quarter due to lower investments in Uzbekistan and seasonal shifts in West Siberia.

[fuji99] 29/11/2017 10:15

Natural gas inventories ended the “injection season” – April through October – 2 percent lower than the five-year average.

- Inventories are also 5 percent lower than the 3,977 Bcf recorded at the end of October 2016, which was a record high.

- The glut seen in early 2016 has come to an end, and with demand structurally increasing each year, the days of sub-$2/MMBtu gas are likely over.

[midasx] 29/11/2017 10:03

We have had the territorial dispute found in our favour, short term debt issues resolved, we have Brent at $63, we are getting paid for oil we are not producing. What are the shorts hanging their hat on now? When Opec confirm continuing cuts we may get an initial spike down in poo but this should move forward from there and hopefully TLW will follow!

[mariopeter] 29/11/2017 10:02

No OPEC Thursday but you may get pre conference announcements

[ifthecapfits] 29/11/2017 09:12

Am i right in thinking OPEC meet today? If so what time?

[mariopeter] 29/11/2017 09:05

If the Saudis and Russians can get WTI to breach $62.6 then this oil problem is over and we sail eventually to £10 a share but it really ought to be at £2.60 now.

Be interesting to see if there is a way of spotting shares where the bond price is good but has left the equity price behind . We may have stumbled on something.

[midasx] 29/11/2017 08:35

I would guess there will not be much committed buying until the continuing oil production cut is confirmed.

[frazboy] 29/11/2017 08:31

btw, does anyone on the board understand this part of the announcement: "The fully committed facilities are revolving with a three-year grace period"

what is the grace period? does this mean, that during the grace period the company does not have to make any repayments, other than interest... or does it mean that the terms are flexible, in the first 3 years? or some other meaning?