Tullow Oil Share Discussion Threads

[datait] 09/12/2019 09:06

shorts are in control now

[datait] 09/12/2019 09:03

Gone lmao 40p probably suspended before then.

[stupmy] 09/12/2019 09:01

Price action gets really interesting here. There was an attempt at buying around 65/66 that pushed the price back to 70. We're now sat at 54. My guess is that when the short term buying comes in, those that bought at 65/66 will be keen to get out at b/e (if the opportunity arises). This really is a serious announcement and in my view this really isn't a serious investment.

[watfordhornet] 09/12/2019 09:00

In a conference call, the company said it was open to receiving offers to acquire the company "at the proper value."Sounds not very good. No one will buy now - why not just sit on sidelines and watch them unable to service debt and pick up for nothing.Sorry - pessimistic but have just lost a small fortune

[dealy] 09/12/2019 08:59

cant believe this

[datait] 09/12/2019 08:59

40p support

[amrishbhim] 09/12/2019 08:59

It's not going to be suspended

[sludgesurfer] 09/12/2019 08:54

I think in buying this u risk taking a 10-20% hit if their next Guyana well is as duff as their last.I'm guessing given the guidance the mechanical issues with the two TEN wells require a workover and hence a semi in field.

[stupmy] 09/12/2019 08:53

Further falls are very possible here. The 38 area seems like a potential support from 1999/2000. I don't hvae data beyond that. Someone suggested they'd held this at 19p. if that's true, then the 38 I can see is not an all time low.

[datait] 09/12/2019 08:52

Get out while you still can. I think this will be suspended.

[amrishbhim] 09/12/2019 08:52

30p before the pick up

[costax1654x] 09/12/2019 08:50

Carapa is a fail by the look

[eodfire] 09/12/2019 08:49

You would say that.

[datait] 09/12/2019 08:46

Will fall much further now.

[stupmy] 09/12/2019 08:45

The market doesn't know how to value this for the moment, but over the next few days it'll come up with an estimate of value. My guess is that we'll put in a short term bottom sometime this morning and this afternoon there will be an equally short term bounce. If I'm around and focussed I'll buy that, but I don't have a buy signal for the moment. I will not hold this overnight. I think this mornings announcement is very signficant and although it wasn't said, I have 'going concern' rattling about in my head.

[phillis] 09/12/2019 08:41

Buy now and hope someone will come along and put this current dog out of its misery

[pjj71] 09/12/2019 08:41

IMO a T/O at 100p the most likely closure to this sorry tale.

[frazboy] 09/12/2019 08:41

Yes, they are just pumping oil for the banks and bond holders. They’ll pay $600m interest to the bond holders and banks over the next 3 years since by their own admission they’ll have limited free cash flow to pay down their debt. And how will they pay back the first tranche of bond debt in 2022? Dunno. And either does the market.

[pjj71] 09/12/2019 08:40

You were warned by me and many others.. just closed my short and gone long,,, lovely jubbly...

[tsmith2] 09/12/2019 08:38

Look at the pay offs - pigs at trough

[american idiot] 09/12/2019 08:36

Terrible news...

This is the problem when you have high debt levels...

You just cannot afford any slip ups whatsoever.

Are TLW just pumping oil now for the banks ???

[xxnjr] 09/12/2019 08:35

Market Cap c.<£1bn.

Debt c.$2.9bn.

[oilretire] 09/12/2019 08:34

WTF!?!? :-(