Tullow Oil Share Discussion Threads

[crossing_the_rubicon] 09/12/2019 11:11

@plenty.

His other half can buy! :)

[plentymorefish] 09/12/2019 11:10

RRB - Genuine question, if you can't buy single stocks, what's the point of being on a BB?

[teamwork1] 09/12/2019 11:09

When a company says its looking for an offer to sell the business,it sounds like they have given up. Not looking good. I've made a loss of 8k, hard work money.all gone in one day.

[crossing_the_rubicon] 09/12/2019 11:07

That sucks rrb,I fondly recall the days when you could deal in single stocks, but had to do so through the banks in house dealers. :)

[hoper2] 09/12/2019 11:07

No I don't have a crystal ball, but there will be performance conditions attached to their loans. Those performance conditions and interest repayments are a much bigger problem in the near term (if the poo falls) than debt repayment dates.

[sam_] 09/12/2019 10:58

"no near-term debt maturities."

debt maturity - 2021

[eodfire] 09/12/2019 10:57

Do you have crystal ball?

[hoper2] 09/12/2019 10:56

""Despite today's announcement, the Board strongly believes that Tullow has good assets and excellent people capable of delivering value for shareholders. We are taking decisive action to restore performance, reduce our cost base and deliver sustainable free cash flow.""


What they don't say is that if the POO drops to $55 per barrel and production is at the predicted levels, they are in serious trouble with their debt. Unless the price of oil rises to about the $70 mark (and stays there) they will almost certainly have to do a massive right's issue.

[amaretto1] 09/12/2019 10:54

It's far too risky.More chance of going bust than not.

[purple11] 09/12/2019 10:51

or have you no dough?

[purple11] 09/12/2019 10:50

rrb
I have no investment here but I would be a buyer at these levels, 100%


well buy it then!!!!

[sam_] 09/12/2019 10:49

the Group expects 2019 full year net production to average c.87,000 bopd. The Group also expects to deliver free cash flow of c.$350 million, has liquidity headroom in excess of $1 billion and no near-term debt maturities.

[datait] 09/12/2019 10:49

Many have jumped on this in hope to make a fast buck only to see it fall much further going into the close.

You would have expected to see this well up by now NO CHANCE it all down hill from here if your lucky it might rise a bit yet but it wont be much in my opinion.

[rrb] 09/12/2019 10:48

this is sheer panic just before Christmas. Retail punters puking. These idiots have stayed at the helm far too long so it was about time they went.

-58%, /£800m mcap, there is value here now in the equity. Debt is high but they can service it. Even if they sold one of the assets/half of one, that would bring debt down significantly.

The bonds haven't moved like the equity. Of course divi cut is credit positive but any sort of restructuring/asset sales/cost cutting will also be credit positive.

I have no investment here but I would be a buyer at these levels, 100%. The fear-mongers are out in force, celebrating the massive losses that so many investors have made today. Well done.

[crossing_the_rubicon] 09/12/2019 10:43

Looks as if a massive dilutive debt:equity swap will occur.
Seen it so many times O&G side.

[stupmy] 09/12/2019 10:42

Pally, 'the Board strongly believes that Tullow has good assets and excellent people capable of delivering value for shareholders' is of course simply words, 'value' has changed here, so if anyone that thinks that 'delivering value' to sharelholders means share price going back to 200 pence or so needs to think again. The market will decide where value lies and then the 'excellent people' referred to in that quote will work wtih that. They are afterall, 'excellent people', not magicians. Brings to mind that little video clip 'the expert' where the expert is asked to draw blue lines with red ink.

[robo175] 09/12/2019 10:41

DATAIT is the most clueless ramper/deramper on ADVFN and probably other sites as well.

[sbb1x] 09/12/2019 10:40

Money goes are saying buy buy buy

[melmoo] 09/12/2019 10:38

DATAIT - you might not believe in it but you're certainly promoting it! Who are you working for??

[datait] 09/12/2019 10:38

Staff in panic for their jobs leading upto Christmas they want it to recover regardless.