Tullow Oil Share Discussion Threads

[sbb1x] 06/2/2020 10:56

In the buy zone...

[pally12] 06/2/2020 08:37

Back to normal

[teamwork1] 06/2/2020 08:06

Someone on here mentioned txp, I have to apologise to u. Its doubled in two months

[florenceorbis] 06/2/2020 07:57

Tullow Oil Kenya Set To Fire 650 Employees
VERON MEFIA

Published 21 seconds ago

on February 5, 2020

By VERON MEFIA
Tullow Oil Kenya Set To Fire 650 Employees

(KDRTV)- A British oil explorer Tullow has tendered a redundancy notice with respect to its employees in Kenya signaling massive employment losses in the company

In the internal memo seen by KDRTV, the company has expressed the anticipated job cuts which it relates to its financial status after have done an insightful review to its business operations at various levels

Read also:

“These factors have significantly affected the ability of the company to continue sustaining the high human resource wage bill. Resultantly, it is now inevitable that there may be job losses and redundancies at all levels and cadres of our organization,” read part of the memo undersigned by Tullow Kenya Managing Director Martin Mbogo.

We understand that the redundancy notice has surfaced after a tough year for the company which also fired its Chief Executive Officer and Exploration Director in 2019 citing depressed production outlook

The company has also announced his annual earning and has suspended the payouts of the dividends which the management focus on the general business review

The company has been recently faced with hard times as it was forced to trim its output expectations for Ghana due to the declining crude stocks.

At the same time, the company ran a test in the Guyana`s crude oil which turn out to have a higher content of sulfur

The Tullow company is believed to have employed about 650 locals and has been the key operator of the project oil in Kenya after signing agreeements

During the month of January, the Tullow company had put up its entire stake in Kenya for sale in a begining to its market down ahead of the epected final investment decision in the second half of 2020

[leoneobull] 05/2/2020 16:41

20 m saving is a good start.

[stupmy] 05/2/2020 15:31

If it pulls back from here SR, then it's a great call. 51.98 I have, but that's rough. For the record I've still got my measured buy from around 52.5.

[billy_buffin] 05/2/2020 15:31

Edit: Not enough, more....

[sbb1x] 05/2/2020 15:16

57p tomorrow?

[waldron] 05/2/2020 15:00

EXPECT SUPPORTS TO HOLD UP WELL

NOT LESS THAN 45p

but hoping now for a positive oilies trend up after all this bad news

[waldron] 05/2/2020 14:52

Turnover PS 104.26 p

Pre-Tax Profit PS 14.61 p

Retained Profit PS 4.76 p

Cash PS 10.08 p

Net Cash PS -73.39 p

Net Tangible Asset Value PS * 55.77 p

Net Asset Value PS 162.24 p

Spread 0.12 (0.23%)


* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

IF ADVFN FINANCIALS ANYTHING TO GO BY


Sbb1x
5 Feb '20 - 14:49 - 77 of 77
0 0 0
Extremely undervalued

[sbb1x] 05/2/2020 14:49

Extremely undervalued

[waldron] 05/2/2020 14:42

Price (GBX) 51.10 Var % (+/-) +4.61% (Up +2.25)

High 51.16 Low 47.79

Volume 16,640,521 Last close 48.85 on 04-Feb-2020

Bid 51.02 Offer 51.14

Trading status Regular Trading Special conditions NONE

[waldron] 05/2/2020 14:18

snug in the middle of the 40 to 60p BOX

[sirrux] 05/2/2020 12:31

No auson1, that's it for the day!

Unless the bears throw me a bone, and head off for a picnic.

So, looks like Dot's cleaning the cupboards and Mr 11% is making sure he's exactly 11%. 1 1, I get it big guy.

[sbb1x] 05/2/2020 12:27

It all helps

[sentimentrules] 05/2/2020 11:24

52p a short near close for new bears

[sentimentrules] 05/2/2020 11:23

Yes. Sub 46p or 52p

Depends on opec time i guess

[sbb1x] 05/2/2020 11:23

Oil data this afternoon Opec news some point today

[sbb1x] 05/2/2020 11:19

Fair value today 70p

[sentimentrules] 05/2/2020 11:14

46p by close?

[auson1] 05/2/2020 11:10

sirrux,

That was a nice song.. got any more ?

[sbb1x] 05/2/2020 10:14

Keep calm and build a stake