Tullow Oil Share Discussion Threads

[datait] 09/12/2019 12:22

I think they should suspend it.

[datait] 09/12/2019 12:21

The shorts are all over this. This is a repeat of what happened to KAZ a few years back check it out.

Once the shorts start there is no stopping it.

[laptop15] 09/12/2019 12:21

Look what happened to NOG that went to 7p due to its debt worries and dropping production. But it did bounce from there. Feel sorry for shareholders

[datait] 09/12/2019 12:17

I think it will be lower than that Costax

[datait] 09/12/2019 12:15

This is what happened to KAZ a few years ago went down very fast.

[costax1654x] 09/12/2019 12:15

Tlw Carapa,If duster will bring new lows!(35-45)

[costax1654x] 09/12/2019 12:14

If any of you is interested in Mining, #EMH is the only serious Lithium mining project on AIM,CEZ(billions company),subscribe for 51 % of the project paying Emh 29 millions (more than Emh mcap)!Mine is next to Germany!Expecting a very big rerate there!

[datait] 09/12/2019 12:14

Further to fall yet.

[datait] 09/12/2019 12:13

Your buys are not looking good


whites123 - 09 Dec 2019 - 09:37:58 - 35964 of 36070 Tullow Oil PLC - Poised for a Takeover? - TLW
I glanced through and saw a comment wondering what I was up to..

Do I like this.... Hell No..
But, the portfolio of exploration is still good.
Fields operated by partners are still good.
Forecast for next three years is still good (Albeit guidance is down by circa 10%)

Its an absolute mess... Its a disaster...

I have therefore added another token gesture £60k at .5775 and £20k @ .575 which has bought my average down to a figure which I believe will easily be surpassed.

Dont fret :-)

[costax1654x] 09/12/2019 12:12

Carapa results,probably this week !Will bring new lows!

[urals] 09/12/2019 12:08

I'd agree.GKP net cash in hand well over 200mFcf 10m per month and increasing productionLift costs 3 bucks, and huge resource so very much an acquisition targetGenel Energy along same lines.

[peteark] 09/12/2019 12:03

These days I prefer to keep away from highly leveraged stocks.

Steady as you go companies like Anglo Asian are a lot better for the blood pressure

Free cash flow of $16.4 million (H1 2017: $7.4 million)
Net debt decreased to $2.9 million at 30 June 2018 (31 December 2017: $18.1 million)
Cash of $12.5 million at 30 June 2018 (31 December 2017: $2.5 million)

I feel for anyone who has lost money here

[stoneme] 09/12/2019 12:01

They need to spend to keep production up. The plan to cut back, manage their cash. That balancing act is not going to be an easy task.

[harry3021] 09/12/2019 12:01

how are the bonds trading - where can I see their price?

[badger36] 09/12/2019 12:00

To think Heavy loaded the company with debt and walked leaving a pile...Now he has secured 500 millions to start another vanity with former CFO Hickey. Bring in Tony O'Reilly Jnr to complete the pantomime cast

[costax1654x] 09/12/2019 12:00

3 billions in debts

[stoneme] 09/12/2019 11:58

Indeed . . Well put.If there is a recovery story to unfold, it is not happening fast.

[peteark] 09/12/2019 11:56

Debt around £3 billion

Hard to see many positives here with that amount hanging round their necks. I fear the worst

[phillis] 09/12/2019 11:55

seagreen

and make the Chairperson look stupid?

Doubt it

[whites123] 09/12/2019 11:54

Ms Thompson CBE is ensuring worst possible scenarios are played out..

I had missed those two words.. "At Least"

generate underlying free cash flow of "at least" $150 million

Looked back at released results and the hedges TLW had secured..
I would anticipate the hedges in place offer some protection against a collapse in oil.

But really? Is the topic of discussion now about the collapse of oil as opposed to TLW clearing the decks of its board and seeking replacements?

You couldnt make it up, except we are making it up.
Other oil forums discuss how high Oil will go... LOL...
Here on TLW because of todays announcement the talk is of Oil collapsing...
I expect chat to turn to Electric cars to take over the world to further add to TLW demise... :-)

[seagreen] 09/12/2019 11:53

If you were brought in as a temp/replacement CEO would you

a)Kitchen Sink everything that could possibly go wrong and create as many provisions as possible

or

b)Tell everyone it is a blip and turn around will be easy peasy

Sighhhhhhhhhhhhhhh people know so little about finance

[astorcourt] 09/12/2019 11:52

Could the administrators get called in and this one break its banking covenants as cease to trade as a going concern?

[stoneme] 09/12/2019 11:48

Read this section. . Will be a thorough reassessment. . The BOD 'believe' as series of actions. . They have work to do to firm up, and then deliver the numbers quoted. The bad news IMO is not all announced. You do not sack your CEO like this easily. In light of these new production forecasts, there will be a thorough reassessment of the Group's cost base and future investment plans in order to allocate appropriate capital to the Group's core production assets, development projects and continued exploration.The Board believes that a series of actions will help deliver sustainable free cash flow. These actions include reducing capital expenditure, operating costs and corporate overheads. In 2020, the Board expects the Group to generate underlying free cash flow of at least $150 million at $60/bbl after a Group capital investment ofc.$350 million. Considering this level of expected free cash flow, the Board has decided to suspend the dividend.