Tullow Oil Share Discussion Threads

[sentimentrules] 04/2/2020 12:19

Should I buy now SBB?

[sbb1x] 04/2/2020 12:09

Rising now great opportunity to add there

[sentimentrules] 04/2/2020 12:07

Hello. I'm a gerbil. Should I buy tullow now?

[florenceorbis] 04/2/2020 11:18

Tullow Oil: Renaissance Capital starts monitoring with HOLD, target 62 GBp.

[sentimentrules] 04/2/2020 11:03

Pretty greedy given percentage return to date but I'm in 35p target or scratch it lol

[sentimentrules] 04/2/2020 11:02

Always depends on position

Would not feel like a flyer to 400p buyers. Would to say 75p buyers

Personally I'm short average 124.5p there now and won't be closing

Not sure if I get taken out pre data but if I do... immediate short day before

[auson1] 04/2/2020 10:44

SentimentRules,

I see Kier Groups on a flyer again today.

[pally12] 04/2/2020 10:03

Get ready for drop now

[pro_s2009] 04/2/2020 04:44

US Shale is in trouble.

This year will be the smallest rise is US output......and then......next year the decline starts......

[sbb1x] 03/2/2020 22:18

Putin and Saudi king met tonight and chatted about oil price.

[auson1] 03/2/2020 19:30

fizzmiss,

Can't kill shale its interlinked with USA Inc
Need proof ...
Tesla just hit $754 a share !

[sentimentrules] 03/2/2020 19:24

I never follow brent really. Too often, wti leads the way even if only a few mins

[fizzmiss] 03/2/2020 19:20

Raise output massive for 6 months and kill shale.

Oil price is going to be appalling for at least 18 months after this virus anyways.

[sentimentrules] 03/2/2020 19:02

tough position for opec

the economies are walking tight ropes globally

increase oil prices?

Cant see how that benefits them. In fact it may hit crude prices after usual reaction

[sbb1x] 03/2/2020 18:59

Opec meeting tomorrow hopefully that dont mess about and just cut 1m bpd

[sentimentrules] 03/2/2020 18:01

WTi crude in the 40's yet?

[waldron] 03/2/2020 16:38

Tullow, partners to assess future of Guyana's heavy oil block

Author Robert Perkins Editor Jonathan Fox Commodity Oil, Petrochemicals

Highlights

Question marks hang over commerciality

Potential resource estimate boosted by 30%

Orinduik block seen holding up to 5.14 billion boe

London — Tullow Oil plans to assess the future potential of heavy oil finds off Guyana in the coming days, block partner Eco Atlantic said Monday, three months after details of the viscous crude discoveries cast doubt over the commerciality of the asset.
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Announcing a 29% increase in the prospective resources of the offshore Orinduik block, Eco said a scheduled meeting with Tullow and France's Total will evaluate recent drilling results, define new drilling targets, and consider budgets and dates for future drilling.

Tullow's shares took a tumble in November after the company said its promising Joe and Jethro oil finds off Guyana were not as valuable as first expected due to the oil being tough-to-produce heavy crude.

The oil at the finds in the Orinduik block has a specific gravity of 10-15 API and a very high sulfur content.

Heavy crude is typically classified as 10-22 API, making the Guyana finds only slightly better quality than the extra-heavy crude from Venezuela's Orinoco belt and the tar sands from Canada's Alberta province.

"Heavy oil is more challenging to produce than conventional lighter oils, but remains a marketable hydrocarbon with increasing demand worldwide, as other heavy oil resources have dropped offline," Eco's chief operating officer Colin Kinley said in a statement.

"The company is conducting in-depth evaluation of the economics of this play, with independent third-party economic advisory support."

Eco said a new independent reserves assessment has pegged Orinduik's gross prospective resources at 5.14 billion barrels of oil equivalent, up 29% from previous estimates of 3.98 billion boe.

"[This is] a nice uplift on prospective resources, although investors will no doubt remain wary given the nature of the fluids at Jethro and Joe," brokers Cantor said in a note.

Tullow operates the Orinduik block with a 60% stake, while Total and Eco Atlantic each hold 15% and Qatar Petroleum has the remaining 10%. It also has a minority stake in the adjacent Repsol-operated Kanuku block where the Carapa prospect is currently being drilled.

[auson1] 03/2/2020 15:21

SentimentRules,

That wasn't your question now was it.

[pally12] 03/2/2020 15:20

Just like politicians we do what we want if it doesn't suit we just change the laws to keep small fish at bay

[auson1] 03/2/2020 15:12

SentimentRules,

How about Kier Group for starters NAV minus 158p
Total debt around five times market cap

[pally12] 03/2/2020 15:09

There is no law against manipulation in UK in this country they are out to screw everyone unless your in the know