Tullow Oil Share Discussion Threads

[cielos] 11/12/2019 09:59

There is no >>> momentum, just a pathetic SCUMBAG

If the 1st time doesn't work try again, and again, and again
The 1st one was >>> premature ejaculation
the rest just vicious circle

[jayrh] 11/12/2019 09:57

Yeah you watch and learn when this get proper momentum north

[mariopeter] 11/12/2019 09:57

Was not the cfo who resigned. edited.

[theapplefreak] 11/12/2019 09:57

Unless you have a crystal ball or some insider knowledge. You see squat. Just like the rest of us.

[andysand] 11/12/2019 09:50

Like I said, each to their own. Shorting it here is too risky in my opinion. For one thing, I think you will be stopped out today. But if you are caught when the new CEO is announced, you will be skinned alive.

[momentum1] 11/12/2019 09:50

Hope no one got sucked in on the premature ramp to 47.7p. This will close red today, just watch and learn. No mallice intended just saying what I see here.

[cielos] 11/12/2019 09:48

momentum1

Why don't you change your nickname to >>> SCUMBAG
Telling posters what to do, what do you think you are?
Well known on the >> Shorting circle
BURN alive would be the Christmas message for you

[ratpat999] 11/12/2019 09:47

This will have days of blue in my opinion and as soon as New CEO is announced later should jump pretty quick if it’s the guy who I’ve heard they want 👍

[andysand] 11/12/2019 09:44

I doubt it. More like 47.3 if you were quick. But that will burn today too. You are too early.

[ratpat999] 11/12/2019 09:44

You are so funny 😆

[crossing_the_rubicon] 11/12/2019 09:43

Re "Tullow" has plenty of assets to sell...

They might not be worth as much as they're currently valued at! Or what some think they'll fetch in a sale!

Food for thought.



Chevron to take $10B-plus asset writedown

CVX's sobering reappraisal likely will ripple through the oil and gas industry, forcing others to publicly reassess the value of their holdings in the face of a global supply glut and growing investor concerns about the long-term future of fossil fuels, WSJ reports.

[momentum1] 11/12/2019 09:41

Added a few more short around 47.5p

[andysand] 11/12/2019 09:37

You are already burning I think....too early.

[tidy 2] 11/12/2019 09:36

Oops. Start sweating

[captain james t kirk] 11/12/2019 09:30

morning mario
Just in orbit, haven't sent a landing party down yet :)

[andysand] 11/12/2019 09:30

Hmm. I think you will be stopped out pretty fast. But each to their own. The best short will be around 80p in my view. Well, we'll see.

[mariopeter] 11/12/2019 09:28

Uganda 1.7bbo Gross 2C resource which Tullow own 33%. Morning cjtk good to see you here.

[momentum1] 11/12/2019 09:26

Buy the first pull back after an all time high and sell the first bounce after a major fall. Nothing to see here and have gone short here at circa 46.5p for £50k. I think we will see 40p again this week given the uncertainty, and who knows maybe even mid 30s. Relief rally done people will be selling before tomorrows election, which will only add to the selling pressure this afternoon. The rally was nice whilst it lasted and now bears in control again.

[captain james t kirk] 11/12/2019 09:21

That's not my handle, it's my name :)
Another way of looking at the Tullow drilling decisions so far (not counting Carapa for obvious reasons)is that they were looking to get a relatively low cost discovery(ies) under their belt. We should give them the benefit of the doubt in so much as they were not aware that they were dealing with heavy oil before they drilled.
The ECO March CPR had all the Orinduik prospects in a range of 30-40 API. They were also proving up the three distinctly different aged intervals on the block, presumably testing as far west as they were happy to go. Adopting this approach would give them a great deal of confidence and information about the prospects to the east, closer to our successful neighbours. The final one in the sequence is of course the Cretaceous and I find everything they have done so far logical and in keeping with exploring a frontier block. It's a shame that the problems started the minute they made the first discovery.

[andysand] 11/12/2019 09:19

The next big news will likely be the new CEO. A good choice will see this share fly. Could happen any time without warning.

[whites123] 11/12/2019 09:15

M&G Have reduced...

They are NOT out.

There is not need for rights issue or funding..

A Lot of you guys talk your own stories... :-)

[theapplefreak] 11/12/2019 09:15

We all know the deal here. Rise for them to sell. Dip to buy back more. It's expected. Wouldn't surprise me if we have a day at this level before moving up tomorrow.

[whites123] 11/12/2019 09:12

There is "NO" need for funding...
I am amazed that you guys talk like it is a given when the company has stated that it could NOT be clearer...
NO FUNDING required.
Debt easily serviced.
> $1 Billion Headroom.

For crying out loud, learn to read and understand..

[bootycall] 11/12/2019 09:09

Captain James t Kirk I love your handle.
I bought shares this week expecting Carapa to be a duster. My opinion is that there are many prospects which are more expensive to drill deeper into the fairway. Ironically Tullows management were being very conservative in managing their exploration spend and went for the shallower targets which have turned out to be non commercial. Industry players will be lining up to farm in...shame they will have to compromise slightly on terms because of the latest fiasco. DYOR

[bootycall] 11/12/2019 09:03

Billthebank. M&G are not out. One of their team has dumped... others still hold.