Tullow Oil Share Discussion Threads

[datait] 13/11/2019 08:49

shorts are all over this now.

[ny boy] 13/11/2019 08:48

150/160p area bottom of trend channel, buyers around here for a short/medium trade, watch out for takeover stories now

[jdung] 13/11/2019 08:48

lost 4k.
bur sold out, asking city boy, maybe down to 95p

[teamwork1] 13/11/2019 08:45

This is crazy

[monopoli44] 13/11/2019 08:44

oversold watch the bounce I am on it.

[datait] 13/11/2019 08:40

Easy 1.40s or less

[frontdoor bull] 13/11/2019 08:40

Why such a big drop in the share price ?

[datait] 13/11/2019 08:39

Will fall further yet I should think.

[stupmy] 13/11/2019 08:37

Well, that's 180 well and truly dealt with. I can't go back far enough with my data, but from memory there is also a historical gap that would close around 135. After having doubted myself to not involve myself here, I'm now happy to have been patient.

[sbb1x] 13/11/2019 08:36

Time to buy!

[dealy] 13/11/2019 08:36

it's just the structure of the UK market. brokers don't hold inventory anymore, hedge funds and algos short all drops, pension funds are slow to add

[0rient] 13/11/2019 08:30

20% fall!!!! well over the top..I'm buying again :-)

Just proves how many fragile positions are out there..domino effect if ever i seen one!

[franky15] 13/11/2019 08:29

A lot of stops taken out this am which exaggerated the fall

[xxnjr] 13/11/2019 08:19

Hmm! Indeed!
Must have been a typo!

[ny boy] 13/11/2019 08:15

Critical support level 175p here, will need to close above this level

[typo56] 13/11/2019 08:15

Statement is confusing on free cash flow. Starts:-

"Tullow expects to deliver robust free cash flow for the full year."

And ends:-
"Free cash flow generation has been adversely affected by lower production, and by lower oil prices for much of the second half of the year. Despite lower than forecast free cash flow, the Group continues to focus on debt reduction,..."

Hmm!

[subsurface] 13/11/2019 08:14

Time to get exposed Stupmy good call,Heads should roll!as Rome burns, Decimation!should be the order of the day.

[billy_buffin] 13/11/2019 07:36

Not good news but heavy crude good for nearly all Gulf Coast US refineries as akin to Venezuela crude.

[xxnjr] 13/11/2019 07:35

It was only about 5 months ago that McDade was saying Jubilee will be well on its way to 120K, with TEN eventually ramping up to 80K. This was from the June Trading update

Reservoir performance in the first half from existing and new wells has been in line with expectations at both fields and Tullow expects to reach gross production from Ghana of around 180,000 bopd in the second half of 2019.

Q4 Implied production for Jubilee is now 88.6K.
Q4 Implied production for TEN is now 59.1K.
Q4 Implied total for Ghana 147.7K.
Only 32.3K short.

Same time McDade was talking 180K, Patrick Pouyanné of Total was describing his Ghana acquisition as a 140K asset!

[matt] 13/11/2019 07:29

ECO more detailed in their statement with comparisons to other commercial sites and temp/pressure said to help

[deans] 13/11/2019 07:28

Eco RNS better read on Guyana - the sugar coated one!

[pro_s2009] 13/11/2019 07:23

They say in their statement they are assessing the commerciality of Jethro........which in general speak means it does not look good and they will talk about it for a long time until everyone forgets it, then sweep it under the carpet....... is the likely scenario. Shame, I was considering buying some ECO, not now. Wait for May 2020 now perhaps and next drilling, once Carapa results are known at Christmas.

[xxnjr] 13/11/2019 07:20

Production issues in Ghana. Uganda hit the buffers. Heavy oil with high sulphur in Guyana. FY FCF only $350M. FY Debt forecast $2.8BN. Time for McDade to step down - completely untrustworthy IMO.

[manicat] 12/11/2019 17:33

its just a coincidence that there are 2 prospects called mako its nothing more than that there are so many prospects on both blocks that they running out of names what is interesting is the budget allowed for carapa imo its getting cased as its drilled just like jethro and the fact that its two targets in the tertiary and cretaceous