Tullow Oil Share Discussion Threads

[deltalo] 09/12/2019 15:08

I've just bought in at 44pSeems to have leveled off now. Seems well overdone at this price.

[tomboyb] 09/12/2019 15:08

acquired around the 43.8p mark -

Lets see where it goes -

Gamble -

[inv] 09/12/2019 15:07

Grossly oversold should rebound to 75p

[lgraham86] 09/12/2019 15:06

Mental mate people buying in the 60s earlier just as a gamble

[zen12] 09/12/2019 15:04

Problem is Hugh debt but is further compounded by reducing production...don't quite know how far this is going?

[lgraham86] 09/12/2019 15:03

How many have caught a falling knife here today? Madness

[iamgreat1] 09/12/2019 15:02

One for datait Below 40pIt's coming soonEveryone this morning thought they caught the bottom Not yet StillFalling as massive IIs are dumping big time

[w1ndjammer] 09/12/2019 14:59

Net assets 2.9 Billion

peel Hunt got 200p value on it 9/12 2019
LOL that was bad timing lets see if they revise

WJ.

[whites123] 09/12/2019 14:56

xxnjr9 Dec '19 - 14:55 - 36221 of 36221
0 0 0
OPEX will be going up from now on. It only got down to $10 because the CEO pushed through some idiotic decisions to get the number down to $10 for bragging rights.


Please elaborate.....
Look forward to seeing your analysis and facts to substantiate these claims.

[theapplefreak] 09/12/2019 14:55

I'm into the mix at 43.8. Let's go boys and girls.

[xxnjr] 09/12/2019 14:55

OPEX will be going up from now on. It only got down to $10 because the CEO pushed through some idiotic decisions to get the number down to $10 for bragging rights.

[whites123] 09/12/2019 14:54

patience a virtue9 Dec '19 - 14:46 - 36210 of 36212
With A debt of 2.8b dollars the current market cap of 600m is still too much for a company with reduced revenue of 1 billion in the next few years and 150m free cash flow per year. Hard to see how the debt can be serviced on assumption the oil stays at current price.


Rubbish...

Please re-read the details of the announcement..
2019 Free cash flow of $350
Has liquidity headroom in excess of $1 billion and no near-term debt maturities.
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 of
c.$350 million.

And a heck of a lot more... So please, why do you dress your post up to read as it did? Essentially lies...

On the company review certain assets may be for sale.... A sale of a decent asset will reduce debt significantly.. (Honestly, some of you guys shock me)

Tullow is a leading independent oil & gas, exploration and production group, quoted on the London, Irish and Ghanaian stock exchanges (symbol: TLW). The Group has interests in 80 exploration and production licences across 15 countries which are managed as three business delivery teams: West Africa, East Africa and New Ventures.

[sago2] 09/12/2019 14:52

Asset sales on he cards. Locked in production can Tullow and shareholders ride the wave.

[whiskeyinthejar] 09/12/2019 14:52

Free cash flow of c.$350 million in 2019. In 2020, they predict only $150m. That's in context of $2.8B debt.

2019:
As disclosed in Tullow's Trading Update on 13 November 2019, 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. Whilst financial performance has been solid, production performance has been significantly below expectations from the Group's main producing assets, the TEN and Jubilee fields in Ghana.

2020:
"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 of c.$350 million. Considering this level of expected free cash flow, the Board has decided to suspend the dividend."

[ohdearohdearohdear] 09/12/2019 14:52

This will stay below 40p (will go below 40p tomorrow for sure) until the rights issue. Would be better to get it out of the way sooner rather than later.

[tomboyb] 09/12/2019 14:50

punted a few -

[iamgreat1] 09/12/2019 14:50

RED FLAG ALERTRED FLAT ALERTTHIS IS GOING DOWN BY THE HEAD THERE IS NO STOPPING THIS

[iamgreat1] 09/12/2019 14:49

Datait 40p first Then 37pThen 35p

[whites123] 09/12/2019 14:47

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.
The group has liquidity headroom in excess of $1 billion and no near-term debt maturities.
2020 Group production is forecast to average between 70,000 and 80,000 bopd.
Group production for the following three years is expected to average around 70,000 bopd.
The non-operated portfolio is performing well, and production is expected to be sustained for the medium term.
The audits show increased oil reserves for Jubilee, Ntomme (offset by a c.30% decrease in Enyenra reserves)
The Board believes that a series of actions will help deliver sustainable free cash flow.
"Despite today's announcement, the Board strongly believes that Tullow has good assets and excellent people capable of delivering value for shareholders. (Announced at share price of £1.40)
The drilling of the Carapa-1 well on the Kanuku Block in Guyana continues, with a result expected before the year-end.

[chesty1] 09/12/2019 14:46

Every buy is being sold into!

[patience a virtue] 09/12/2019 14:46

With A debt of 2.8b dollars the current market cap of 600m is still too much for a company with reduced revenue of 1 billion in the next few years and 150m free cash flow per year. Hard to see how the debt can be serviced on assumption the oil stays at current price.

[pjj71] 09/12/2019 14:45

3 billion of debt on a much reduced mkt cap and EV... going to end in tears.. the yell of the oil industry...

[2000tober] 09/12/2019 14:38

I m afraid that up is not the only way