Tullow Oil Share Discussion Threads

[jayrh] 17/12/2019 16:31

No train here the rocket is leaving the planet this will go orbital on a strike gla

[kirk2] 17/12/2019 16:28

RUMOURS STARTING TO FLY THEY HAVE HIT THE SWEET SPOT, ROLL ON TOMORROW

[wildsheroo] 17/12/2019 16:27

It's ripe to touch 70p for the third time tomorrow in last one week.

[kirk2] 17/12/2019 16:24

last chance, THE TRAIN IS LEAVING THE STATION, MASSIVE GAP UP TOMORROW.

[jayrh] 17/12/2019 16:22

Massive find maybe

[rayrac] 17/12/2019 16:22

If that should be so...then HUR will not suffer!

[kirk2] 17/12/2019 16:18

looks like carapa news tomorrow, could be life changing for people that have bought at these low levels, with the right news we could see 120p in a flash.

[rayrac] 17/12/2019 16:17

Hold onto your hats time?

[montyhedge] 17/12/2019 15:39

cielos
Any one who buys or sells on what they read on a bullentin board must be mentally unstable.

[captain james t kirk] 17/12/2019 14:57

bones
You have followed companies drilling in the NS. Repsol/TLW/Total/Qatar have been drilling the Carapa prospect for anything between 54 and 60 days and it's at a depth of 3600m in 70m of water. Do the sums yourself.
Guyana is arguably the hottest exploration address on the planet and if this well strikes and it's API is similar to the adjacent Cretaceous Exxon discoveries, then both the Cretaceous intervals in the Stabroek and Orinduik blocks are de risked.
That's the short term story, not the debt.

[redhammy] 17/12/2019 14:42

If I've managed to decipher your gibberish, you think you know better than an African billionaire that knows a bit about oil?

[bones698] 17/12/2019 14:41

More downside as ahortwra will be all over this . The debt pile I a massive problem no matter what people on here say. That will cause tlw to sell off assets at low prices sooner or later. Remember that any sale process will take 6 to 12 months to complete so the timeline is tight . Problems on the field are unlikely to go away and I fact get worse . This is on a one way trajectory go some time

[stupmy] 17/12/2019 14:11

I closed this mornings position for a penny loss. I have a mixed chart, but see a risk of 52.5 in the near future. I have retained the position I opened at 58

[tidy 2] 17/12/2019 14:10

Thumbs up RSi

[master rsi] 17/12/2019 14:05

re - tidy - Completion of which looks like a handle of cup n handle is forming

Are you trying to confuse "whites" with this type of chart talk?.
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Someone - bones698 - is trying to put fear on the stock
Any post from "bony" take it with a pinch of salt, always ready to be negative
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A day of up and down but going nowhere so far.

[oilretire] 17/12/2019 13:30

Good explanation of the Ghana gas issueHttps://mobile.ghanaweb.com/GhanaHomePage/business/Ditching-Jubilee-s-free-gas-for-Eni-s-expensive-take-or-pay-limiting-production-Tullow-816775

[wodahsnoom] 17/12/2019 13:28

Bones

12- 18 months when first repayment due. There is no burning platform any more than there was 1 month ago. If you haven’t shorted up til now you probably missed the boat

[tidy 2] 17/12/2019 13:17

Not very soon

[newswseller] 17/12/2019 13:15

Ironically maybe after selling out to TLW he is going to reverse and buy TLW out?

[andysand] 17/12/2019 13:15

Disagree. This assumes that nothing will change. Tullow are on it now and will be increasing production by solving the problems that have caused the loss of production. Either that, or someone else will solve them. Waiting will simply be waiting to buy at a higher price. That makes no sense. Buy when there are problems and sell when they are solved. They seems the logical thing to do to me.

[newswseller] 17/12/2019 13:14

https://www.irishtimes.com/business/energy-and-resources/african-oil-executive-builds-up-7-stake-in-tullow-oil-1.4117985

[bones698] 17/12/2019 13:11

Tou guys need to remember that 2.7bn of deabt starts needing to be serviced very soon and that tlw either needs to sell assets or renegotiate it's debts . The latter is less likely due to the position they are now in and would likely prove expensive as the banks would want a much higher rate given the risk . The fact production has been cut means tlw wouldn't be able to make the payments or struggle should anything else happen negatively

That leaves the sale of assets and most likely a sale in it's main field to raise money . The big question is how much would they have to sell and what's it now valued at . Plus then there's finding a buyer all of which takes time and is risky if none is found at a reasonable price . I don't see many lining up to pay a fortune for a field missing targets already so expect to get squeezed very hard . Not looking good at all . Better to so and wait until the mud clears as lots of risk here

[andysand] 17/12/2019 12:58

All this stake building is what is interesting (not the meaningless intraday charts by the way). It is building up to an explosion. Soon, there will hardly be any open market shares left to buy as they all compete for a high percentage in the company. At some point, one of them will show their hand and make an offer.