Tullow Oil Share Discussion Threads

[teamwork1] 14/2/2018 15:43

Check litecoin

[porschepanamera] 14/2/2018 15:41

Bitcoin flying Alfie

[alfiex] 14/2/2018 15:17

Might as well be in bitcoin far less risky lol

[midasx] 13/2/2018 23:47

You Call That an Oil Sell-Off?

[paulbiya] 13/2/2018 21:17

did they cut their target share price cause the so has gone down so although they are hindsight merchAnts it looks vaguely credible?

[paulbiya] 13/2/2018 21:16

I will settle for £ 7.69

[jotoha2] 13/2/2018 16:16

Motley fool analyst values the share at £7.75 if they continue with last results!!!

[cheek212] 13/2/2018 16:11

And in the meantime, reported shorts continue to fall! Only just above 5% now with several on the 0.5% reporting limit. Broker prices coming down but shorts also falling so somebodies got to be right. We would shorts be closing and falling if they didn't think price would go up? Interesting trading period IMO

[frazboy] 13/2/2018 15:53

so... i've counted 4 downgrades since the FY results:

Canaccord Genuity cuts price target to 200p from 220p‍​
GMP First Energy cuts price target to 160p from 200p
Credit Suisse cuts target price to 230p from 240p

And the biggie...

Stifel cuts price target to 174p from 177p


I'm not sure why Stifel bothered, 3p is kinda in the noise. I don't know who GMP are, but that cut is quite severe. The Canaccord chap had cut his target from 250p to 220p just prior to the results, due to his reservations about Kenya, so he's actually come down 50p. There may be other broker changes but I'm not aware of them.

Still no position here currently, but I watch as - it was a great trading share for a while, maybe will be again soon.

[mcsean2164] 12/2/2018 22:20

Well, that's a good sign. I remember something years ago that when advisers are telling you to buy they have already bought and when they are telling people to sell they are buying. Let's see if this marks a new reversal for poo.

[leoneobull] 12/2/2018 21:08

We forecast 80 a few days ago. Now we may have got it wrong admits goldman https://oilprice.com/Energy/Oil-Prices/Goldman-Investors-Grow-Wary-Of-Another-Oil-Price-Rally.html

[romeike] 12/2/2018 16:40

I guess the important thing is that it is up. Shorting against the overall trend of rising prices is a mugs game. Venezuela in deep doodoo re: production, will be interesting to see if the same rate of decline continues into the year.

[alfiex] 12/2/2018 16:24

Final push down before close :(

[mcsean2164] 12/2/2018 15:25

good grief, can't even hold 180p!!

[fuji99] 12/2/2018 11:09

The shorts have reduced. This should resume a strong rise.

[romeike] 12/2/2018 10:36

Can see this rally back to £2 if the market / poo stabilises, nice volume.

[just joined whetstone] 12/2/2018 09:14

Nice rise this morning.

[mcsean2164] 11/2/2018 09:34

Beating market expectations by 126million is pretty good in my book...

[leoneobull] 11/2/2018 08:47

Just listened to the audio. They really ought to put subtitles on so we can understand these jocks lol.

[mcsean2164] 10/2/2018 23:31

The group reported an operating profit of $22 million for 2017, rebounding from a $755 million loss a year earlier and beating market expectations of a $104 million loss, thanks to higher production than expected from the Ten field.

[leoneobull] 10/2/2018 13:34

hxxps://www.thetimes.co.uk/article/dividend-on-the-agenda-after-tullow-shows-profit-hrnpvxtpl

Tullow Oil plans to drill a high-risk, high-impact£ well off Namibia this year and to explore prospects in the industry hot spot off Guyana and Suriname next year

Tullow Oil will consider reinstating its dividend this year, after reporting an operating profit last year for the first time since crude prices crashed.

The FTSE 250 explorer and producer said that it was gearing up, too, for an ambitious return to £wildcat£;, or more speculative, drilling campaign over the next three years after getting its debts under control.

Tullow, which is known for its frontier exploration prowess, is listed in London and Ireland and has assets in 16 countries. It is primarily focused on finding and developing oil and gas in Africa and South America.

It stopped paying a dividend from the second half of 2014 as Brent crude prices plummeted and as it amassed huge debts from investing ......etc. Dont have access to rest of article

[xxnjr1] 10/2/2018 12:31

Nice find TASIIOSC. The Total block in South Sudan (it's block B - not block 3 as I thought) was originally licensed to Total in 1980 but Total declared Force Majeure in 1985, citing regional violence. Total resumed discussions with South Sudan.Gov in 2017 but there was an impasse over PSC terms and tax. Then SS.gov talked to a rival company - believe it or not, it was Tullow. Nothing concrete seems to have emerged from either discussion. I presume Total think "B" still legally their block although not on their operations map currently. Whatever, it makes sense to evacuate South Sudan oil by pipeline to Lamu. Total have a history of creating value out of MENA regional chaos but South Sudan regional politics/violence challenging so may never happen.