Tullow Oil Share Discussion Threads

[subsurface] 11/7/2018 04:36

Hi Aishah,

Chronic under investment so many problems in the world and the Trump factor is putting the spot light on oil ,this is helping Tullow recover ready get some value added with the drill bit.

hxxps://www.energy-pedia.com/news/norway/hundreds-of-norway-oil-workers-to-strike-after-talks-fail-174104



very interesting times,


regards

SS

[bootycall] 10/7/2018 22:43

Lloyds recently pulled £109bn from Standard Life , which would have meant liquidating approx 17% of total AUM .....I wonder if the sale could be linked to this ?

[romeike] 10/7/2018 14:38

Was delighted to add at 227p - this is going 300+ before year end.

[xxnjr1] 10/7/2018 11:18

PMO maybe also limbering up for a move in BP/RSDB's wake?
(don't usually hold PMO but with TLW's meandering progress, maybe explained in part by Std Life selling, desperate measures were called for!)

[frazboy] 10/7/2018 10:41

Interesting holdings update: Last weeks seller was Standard life

[mariopeter] 10/7/2018 09:55

BP and Shell moving north out of flag formation on the chart. We will follow.

[ifthecapfits] 10/7/2018 08:52

Was just about to post that AISHAH. Beat me to it. Reason seems sound - but implications of oil at such a level would not be good for the wider economy.

[aishah] 09/7/2018 20:40

Bernstein: Oil May Jump Past $150 On Chronic Underinvestment

[xxnjr1] 09/7/2018 14:52

Will it, or won't it

TLW making heavy weather of getting back over 240p

Edit: Not today.

[fraserdean] 09/7/2018 12:08

thanks for the info gents

[xxnjr1] 07/7/2018 11:32

Seadrill vs Tullow



Will make fascinating reading. Not had a chance to do so yet, nor for a few days more, but did notice

"..... Seadrill adduced evidence from 2 witnesses, Mr. Morrow, Seadrill's Senior Vice President of Africa and the Middle East, and Mr. Jha, Seadrill's Director of Operations for Africa North. There was however little to dispute in their statements and accordingly their cross-examination was very short. The witnesses answered the few questions put to them clearly and without hesitation.

whereas

"..... Tullow adduced evidence from 5 witnesses of fact. They were cross-examined for over 4 days on a number of issues.

(of witness 1) ..... I concluded that, where there was a clear conflict between the contemporaneous documents and Mr. Lawrie's evidence, the safer and more reliable course was to rely upon the former in preference to the latter.

(of witness 2) ..... Whilst it is understandable that some matters may not be recalled some of the matters he could not recollect concerned his aims and strategy which I would have expected him to recall. I therefore formed the view that for that reason it would be sensible to rely upon the contemporaneous documents.

(of witness 3) ..... I formed the impression, having listened to him, that the court would only be able to reject his answers if there was compelling reason to do so. A conflict between the contemporaneous documents and his evidence would be such a reason. Counsel for Seadrill criticised his evidence on the basis that much of it concerned illegitimate statements of opinion. Part of it did. However, when technical people give evidence of fact it is often difficult to disentangle fact from opinion.

(of witness 4) ..... Counsel for Seadrill suggested that there was much that he knew but did not wish to tell, for example, about "Project Voldemort" (said to be a plan to bring about the end of the contract for the hire of West Leo). Perhaps there was but he answered the questions put to him about it.

(of witness 5) .....Whilst some of his answers had the flavour of the advocate this was perhaps inevitable given the circumstances in which he gave his evidence. Nevertheless, I considered, as with other Tullow witnesses, that conflicts between his evidence and the contemporaneous documents must be resolved in favour of the latter.

It's all on the public record now!

Also see TLW vs HOIL for your delectation

[frazboy] 06/7/2018 17:52

Xx - I like the attention to detail!

[mariopeter] 06/7/2018 16:44

Thanks xx

Good Weekend All.

PS hadn't realised Canada had lost nearly 400000 barrels of production as well. Not sure why the oil price hasn't shifted North . Technicals holding it back maybe but more bad news on supply and should see a surge.

[xxnjr1] 06/7/2018 15:13

mariopeter,

The EIA numbers have become slightly opaque in recent weeks, as they now round some of the numbers to nearest 100K. According to EIA arithmetic,

10,500 + 447 gives the same result as 10,500 + 402 (when rounded to 10,900)

the correct answers are 10,947K bbls (last week) and 10,902K bbls (this week). Notice also the Lower 48 totals number, which excludes Alaska, in itself has also been rounded to nearest 100K recently, which wasn't the case before. Quite why EIA is doing this, who knows?!

[mariopeter] 06/7/2018 14:16

United States oil production seems to have hit a ceiling at 10.9 mmpd for the last 4 weeks. The US therefore seemingly can no longer feed world growth or further deterioration in Venezuela. Iran is trying to sell as much oil as possible but the pipes to the world are starting to close. OPEC increased supply will initially just keep up with outages from Libya. That currently will leave Iran's supply at 2.9m and new demand from world growth of say 2m under supplied. May show up in the Brent price first if the Saudis are to supply more oil to the USA.

[mcsean2164] 06/7/2018 10:43

The last fund raising should help, I hope. Groan! Drifting lower.

[fuji99] 06/7/2018 10:38

Wonder how this substantial fee of a quarter of a $ billion would affect its numbers and projects in the future ?

[alfiex] 05/7/2018 16:03

Oil holding pretty steady but again we are creeping downward, i wonder if our day will ever come..

[xc1] 05/7/2018 15:39

Why is it as soon as the yanks open up, many stocks get a kick in the nuts.

[nicebut] 05/7/2018 15:18

Nothing seems to push PoO on through $78 though?...I guess patience is required. Looks like someone is selling TLW however.- Every chance it gets hit on the bid.

[mariopeter] 05/7/2018 14:56

EIA numbers at 4pm BST today. Flags everywhere on oil equity charts.

[bootycall] 05/7/2018 13:43

nicebut ...apologies...only have market summary page from a newsfeed . I have not got my hands on the underlying note.