Tullow Oil Share Discussion Threads

[captain james t kirk] 10/12/2019 07:12

This will help a bit:

[likya123] 10/12/2019 07:11

1 billion debt with revenue significantly reduced means they will struggle to pay debt and looks like Thomas Cook all over again.

Expecting more bad news here and share price to deteriorate significantly from here.

[wapper] 10/12/2019 07:07

Both my feet firmly in the "big bounce back " camp. Oversold and now a takeover target too.Shouldn't have to wait long for the bounce.

[bigsi2] 10/12/2019 07:05

From ECO today"We are very pleased that the JV Partners have unanimously elected to enter into the next phase of exploration and development at the Orinduik Block. We have met and exceeded all of the licence commitments to date and stand ready to further appraise and explore the significant hydrocarbon potential of the Orinduik Block licence, both in the proven discoveries of the Tertiary layer and in the deeper Cretaceous layer, estimated to hold an additional 3.2 bn barrels of oil (gross unrisked prospective (P50) resource) according to the CPR resource report published in March 2019

[teamwork1] 10/12/2019 07:00

Going down from 15p to 5p is not the same, were last month tullow was trading at above 2 pounds now 40p.

[oakville] 10/12/2019 05:22

71% fall does look terminal.

[oakville] 10/12/2019 05:21

Blomberg just mentioned liquidation. Surely its not that bad?

[jnbrw] 10/12/2019 03:17

All very wishful and rosy in hindsight.Reality now is a much inflated balance sheet and dwindling production - and overpromising, the shock and extent of yesterday's downgrade/ warning, and the loss of trust. The city is an unforgiving plsce

[andymunchkin] 10/12/2019 02:05

AWhile back

[andymunchkin] 10/12/2019 02:04

gpmh125 Mar '06 - 14:32 - 53 of 36577
0 0 0
One of the best stocks around,the only reason this stock shouldn't be £5/£6/£7 pounds is because the ammount of shares in issue (600million+) & exploration failures. But Tullow have some great assets.

Kudu: Very important in the Tullow Assets. Possibly a 9 TCF field. The first phase is for a power station as we know using lees than 1TCF of gas. Appraisal on the rest of the field should start hopefully this year but rigs are hard to get so we will see what happens. Great potential.

Bangladesh: Bangora & Lalmai appraisal could yet again bring a massive gas structure,seismic is taking place I am sure. Tullow are operator, but once the field is announced commercial it is supposed to be signed over to Niko although this might not happen.Block 17&18 have oil seeps on shore & bringing in Total looks like a great move.Great Potential.

Congo: Mbundi field, Energy Africa done well to acquire this 11% at $50 million (bargain). The operator Maurel & Prom are still appraising the field. Good asset with oil price of today.

Gabon: Acquiring Energy Africa was a great deal. Tullow have some good acreage there & appraisal of producing fields is ongoing. I am sure Tullow will try to do what they did in the North Sea & try an acquire some of the big oilies assets,infrastructure etc. The Gryphon Marin block looks to have good prospects. Again a lot of potential in Gabon especially with new technology.

Schooner & Ketch: Another good deal Aidan Heavey pulled off.....but having said that Shell probably wouldn't sell to anybody else as Tullow have built a great track record for enhancing these type of assets. Workover on these assets should increase the volumes of gas & next year Tullow should reap rewards as old price per therm contracts(17p per therm i think) expire later this year.

Uganda: This could bring big oil, Heritage have been drilling over the last few years but to no good. There was hopes in late 2004 that of a gas find but the gas had serious ammounts of carbon dioxide in it. Now with the drilling in block 2 and two oil finds, this could be the wells that really push Tullows share price up. The only thing is that Uganda is land locked so to get oil to the east coast for the Asian market you have to have piplines.....if there are commercial ammounts of oil in and around lake Albert it will take years to bring that oil to market imo.

India: CB-ON-1 south of the Cairn fields that transformed Cairn & their share price £3.50 to £20.00 in what 2.5 years. Tullow have a 50% share of this licence & this could be the 'dark horse' of Tullows portfolio.

Tullow is possibly on many Big Oilies 'watch-list', I dont think Aidan Heavey though will sell until Tullow have added value through exploration, although if a ridiculously high offer was put on the table by the Chinese or Indians I think the offer could be taken.

I have watched (& bought) this share for many years and you have to hand it to Aidan Heavey and other management. They have taken this from a penny stock to todays price. It is now in the top 10 shares on the Irish Stock Exchange by Market Cap which is brilliant.

[andymunchkin] 10/12/2019 01:59

focus180019 Mar '06 - 23:39 - 5 of 36576
0 0 0
Seems we concentrate on North Sea when up pops Uganda, next its Bangladesh, Gabon, Asia, all with exciting prospects.Biggest drawback tho must be summoning enough money to exploit all those blocks it has

[nash81] 10/12/2019 01:50

apparently TLW in the process of selling ugandan to Total for 900m.

see below. this should bounce back up!

[deltalo] 10/12/2019 01:33

This will bounce hard later this morning as this has been well oversold. New board will want to get the share value back up as quickly as possible. Over a billion wiped off the company yesterday, so they'll be looking at ways to recoup that value with shareholder confidence.Dividend is temperalery suspended, so that will return in time. The company still holds sufficient cash reserves and isn't in a dire position.This doesn't justify a 70 percent drop in my view. Gl all holder's.

[nash81] 10/12/2019 01:17

this is like NOG, went down to 5p on duster, only to recover to 15p the days after.
tlw will be the same imho

[jonnyboy1] 10/12/2019 01:17

Another commentary here too

[petroleum1] 10/12/2019 00:58

hxxps://storify.com/services/proxy/2/sBymhTIx_ugu7mllaWpfBw/hxxps/media.fyre.co/42wBLXs8S7u7SkXY9CYH_ft-uk-20191210-ft1-ed1-pg01_1575923249_001.png

TLW on Financial Times front page to day.

[jnbrw] 10/12/2019 00:53

Close in low thirties tomorrow.May get your dead cat bounce from the high twenties on weds imo

[pro_s2009] 10/12/2019 00:34

Bad news comes in three's.

Red days following bad news always 2, somethings 3.


TLW - bad news early Nov - fell.
Yesterday 2nd bad news - fell.
Ahead most likely new bad news as new management kitchen sinks all other bad news still there.


First red day done yesterday, should be followed by another red day today......shorters will pile in while people are still trying to sell as much as they can.

[tahmina1] 10/12/2019 00:21

Market isnt always right
It can stay irrational longer than you can stay solvent!

Panic buying, stops being hit, vicious circle today

No immediate reason for concern. Debt is as it was when share price was 220
Forward performance will depend on new management

[andysand] 10/12/2019 00:21

I used to think that. But I have seen many times that it is only true on a long term scale. Anomalies are often thrown up in the very short term and I think this is one of them.

[andysand] 10/12/2019 00:19

It will bounce to 70p in my view. And then probably stay there until there is further news. Today reeks of panic selling fuelling more selling as well as shorters jumping on the band wagon. I suspect that after some reflection, shorts will lock-in profits as fast as they can as the buyers and bargain hunters will be out in force.

[jnbrw] 10/12/2019 00:15

Market is always right.Reason there was no floor today is that it smells blood. More warnings to come, more pain, more prod cuts and that billion dollar debt mountain not getting any smaller. Further falls tomorrow imo.