Tullow Oil Share Discussion Threads

[turvart] 11/1/2020 13:30

What you don't seem to realise is the fact emotion pumps the markets! So you carry on in your little CIR thread, (Thank you the abbot, oh no thank you Pro_s2009) Little World that will never make it!

[turvart] 11/1/2020 13:25

Seriously I'm laughing at YOU!

[pro_s2009] 11/1/2020 13:14

Maybe coming this Wednesday Stumpy. The new management would gain some credibility if they finally update the shareholders with this vital information.

If they continue to hide it one can only assume they are trying to offload their share in the license block to someone else.

[stupmy] 11/1/2020 13:10

Pro, it's bothering me too that the release came from a third party source and TLW have not directly communicated it with shareholders. That bothers me and the precipitous exit of the CEO/explorations officer also. No-one seems bothered by that, but if there wasn't something bad, it would surely have been an orderly change of leadership, rather than ousting the incumbents. I'll feel happier once that has been clearly communicated directly by the company.

[auson1] 11/1/2020 13:10

ProS2009,

The market has quite clearly priced Jethro and Joe as not commercial for Tullow.

[pro_s2009] 11/1/2020 13:02

Thanks for that pearl of wisdom, think I will ignore it.

One word of advice - when you get emotional, you are out of your depth. Always stay in control of your portfolio, risk and your emotions. Else the stock market will gobble you up and take all your money.

[turvart] 11/1/2020 12:59

And let me tell you Pro_s2009 (ACE!) that CIR are going no where!

[pro_s2009] 11/1/2020 12:58

So ask yourself.........why have they never informed the market of the crude API and Sulphur content ?

Because.........perhaps...........its bad news and they dont (or did not at the time) want that bad news out in the open.

This often happens, when there is bad news to release it will get leaked to the media so everyone becomes accustomed to it and less of a reaction happens when it finally does come out.

Maybe there will be news on this on Wednesday, lets see.

[turvart] 11/1/2020 12:54

Pro_s2009,

There is no leak, there is no evidence from a real RNS, what I would suggest to you is that you return to the CIR thread, because that is all you are good for!

[pro_s2009] 11/1/2020 12:52

5% Sulphur content, with 12API, offshore....... if thats the case, neither are ever going to be commercialized, they will be left as stranded noncommercial discoveries imo.

[pro_s2009] 11/1/2020 12:50

..........But laboratory analysis of crude taken from the Jethro and Joe discoveries, in the Orinduik block, revealed crude of 12° API gravity and c. 5pc sulphur—in contrast to the lighter 32.1° API gravity and 0.5pc sulphur content of ExxonMobil’s Liza discovery—risking the commerciality of both prospects...........


So you have 12API and circa 5% Sulphur according to this leak to the media........

[turvart] 11/1/2020 12:43

Pro_s2009,

I can't see how any report can even be in the media? or that would be breach of inside information under FCA rules.

[pro_s2009] 11/1/2020 12:18

Auson - no they have not.

The only report that has come out in the media is that the oil is in the range of 10 to 12API and Sulphur Content is around 5%.

If you can find me any report in the media showing 16 API and 2% Sulphur - please post the link.

If you are thinking its 16API and 2% Sulphur I think you are in for a big shock.

[sentimentrules] 11/1/2020 12:10

Fully expect clean slating it to take it back to 39p range by next friday

That's surely not unrealistic?

And then see what market makes of it in the following days - re is clean slate investable or not

[auson1] 11/1/2020 12:03

ProS2009,

Jethro and Joe have been reported at 16 API and around 2% Sulphur.
Regarding the Kitchen sinking, have they not already done that ?

[the grumpy old men] 11/1/2020 11:08

REALITY ACCEPTED BY SOME BROKERS IT SEEMS

WHAT WILL IT BE BY END OF WEEK ONE SHOULD ASK


Broker Recommendations for Tullow Oil (TLW)

Date Broker Rating ÄÄÄÄÄÄÄÄÄÄÄÄÄÄ Old Target New Target Change

10-Jan-20 JP Morgan Cazenove Neutral down from 249.00 to 63.00p Reiteration

10-Dec-19 Canaccord Genuity Hold down from 220.00 to 60.00p Downgrade

10-Dec-19 Berenberg Bank Buy down from 230.00 to 80.00p Reiteration

[sarkasm] 11/1/2020 10:49

TULLOW

OIL BE BACK

[pro_s2009] 11/1/2020 10:48

Yes, Wednesday is a big day for TLW.

With the old guard kicked out and new management in place - the general rule of thumb is that everything bad will be thrown out in the next update following the old managements departure.

Easy to blame the people already departed and leave yourself with a clean slate going forward.

So going to be very interesting this Wednesday update.

Will they eventually release the oil sample news from Jethro and Joe ? Circa 10API and circa 5% Sulphur ? Releasing that info will be one thing of many they can do to clean the slate