Tullow Oil Share Discussion Threads

[smartie6] 16/1/2020 09:17

Sbb1x, it’s only worth as much as someone’s willing to pay for it.

[sbb1x] 16/1/2020 09:16

Do you have a mortgage?You have too much debt on it?But the house prices are still going up

[smartie6] 16/1/2020 09:15

Orkneyarab nailed him and he doesn’t like it. Truth hurts pal.
I wonder if he changes his pants as often as his mind?
He’s now in at 52p. So he can’t deny it later.

[djb3] 16/1/2020 09:14

Far too much debt. Wouldn't touch this whatsoever.

[stupmy] 16/1/2020 09:12

Cheap shot orkneyArab, complete tit.

[smartie6] 16/1/2020 09:12

I wonder whether he bought at 52p?
We’ll find out later that he decided against it. BS.
He’s in and his greedy palms are now sweating.

[smartie6] 16/1/2020 09:09

Can I read people or what. Stumpy changed his tune again.
Come on little fishy.

[orkneyarab] 16/1/2020 09:08

So, the expert analysis is that this might go up, or it might go down. I'd love to know what the "signal" is, but I'm sure we will find out after the event from those with 20/20 hindsight vision.

[edmondj] 16/1/2020 09:07

Tullow Oil set for tough year, says Hargreaves

Tullow Oil (TLW) has taken a £1.5bn writedown on its assets after cutting its long-term oil price forecast and production difficulties at its key well.

Tullow’s production last year averaged 86,700 barrels of oil per day, slightly behind guidance although the silver cloud is lower capital spending which means free cashflow and debt is within expectations.

However, production and free cashflow are expected to decline next year and analyst Nicholas Hyett said ‘2020 still looks set to be a tough year’.

‘In the short term the focus is on increasing efficiency, both at an operating level and in capital expenditure, as the group looks to conserve cash and reduce a still considerable debt pile,’ he said.

‘With a new chief executive yet to take the reins Tullow is a little adrift at the moment, and while production continues to struggle and debt stays stubbornly high it’s at the mercy of an oil price which has not always been friendly.’

The shares dropped 15.5% to 50p. They have plunged 65% since 6 December when the company issued a devastating profit warning, prompting the departure of former chief executive Paul McDade.

[wildsheroo] 16/1/2020 09:06

And there she rise, back to 62p!

[stupmy] 16/1/2020 09:06

OK, can't hold myself back any long. I've tried a long position. I don't have my buy signal so I'm jumping the gun. Bit impulsive.

[smartie6] 16/1/2020 09:03

Look stumpy’s changing his tune, he’s considering it.
Let’s wait and dangle that hook, open wide stumpy.

[smartie6] 16/1/2020 09:01

Get ready for the ones with foresight to buy in at 46p and get out at the top. BS.
Who’s brave enough to step in at 52p.

[stupmy] 16/1/2020 09:01

I do have to say that it feels as if it might 'pop' to the upside. But I've learned that it's best to wait.

[stupmy] 16/1/2020 09:00

Buyers are really trying, but for me it is not yet permissive for a long entry. It feels close though. Not to say tha t41 won't happen (in case I pulled up on nonsense), just that it starts to feel as if a long trade is approaching. I'll wait for a signal and maybe have a pop if it becomes permissive.

[smartie6] 16/1/2020 08:58

Come on stumpy, did you buy in, have they taken your money yet?
Sort of little fish with a big mouth that they love.
Dropped from 52p to 50p, now trawling at 51p.

[rumobejo] 16/1/2020 08:54

debt is 2.8 billion, fcf down to 150m from 350m, next year it is turning negative!!!

the fat lady singing

10p

[teamwork1] 16/1/2020 08:51

That's moved to 12 march

[smartie6] 16/1/2020 08:51

Didn’t do too bad yesterday reading this.

[stupmy] 16/1/2020 08:51

Who suggested that for HFDs? I assume someone I've quite rightly put on filter. Good results on HFDs. I've added and will start ot accumulate over time there. Looks to be approaching a turnaround.

[smartie6] 16/1/2020 08:50

Sbb1x, only on cancelling the div. Need to read carefully.
I said the share drop last week reeked of manipulation.

[smartie6] 16/1/2020 08:49

Or their cake.

[sbb1x] 16/1/2020 08:49

Hfd up 6% I thought you told us it will drop 50% today.

[smartie6] 16/1/2020 08:49

IMHO, looks like they’re holding it slightly above 50p as a temptation for the greedy to step in. I wonder how many little fish will swim forward for they’re cake. Stumpy maybe one of them, but he’ll not tell us later when they drive it down.

[la forge] 16/1/2020 08:46

Price (GBX) 50.40 Var % (+/-) +1.04% (Up +0.52)

High 51.58 Low 46.63

Volume 8,494,991 Last close 49.88 on 15-Jan-2020

Bid 50.32 Offer 50.60

Trading status Regular Trading Special conditions NONE