Tullow Oil Share Discussion Threads

[turvart] 09/2/2020 07:25

What's happened to Whites123? does anyone know why he don't post?

[leoneobull] 09/2/2020 07:22

Bones. What nonsense. They serviced 4.8 billion debt in 2016, down to 2.8 billion now. FC of 150m at 60 usd with 40% hedged 250m at 65 USD and their Kenya stake worth 600 to 800 m usd and Uganda about 1.3 billion (one third owners). Gas off take agreement could see production back at 80ks IMOV

[novicetrade68] 08/2/2020 13:35

There is nothing to mature this year though. Late 2021! To a lending consortium, free cash flow is key before becoming extremely dramatic, and TLW is still doing 3 digits fcf (very important to lenders).

[burial] 08/2/2020 13:12

Looks like they're chopping like mad in Africa to protect overpaid head office staff. Ghana has carried Tullow for years...their people should be be mad as hell...especially if ANY overpaid expats stay in country with their servants, private schools and the rest.

[ariane] 08/2/2020 08:47

Signal Update

Our system’s recommendation today is to STAY IN CASH.

The previous SELL signal was issued on 15/01/2020, 23 days ago, when the stock price was 58.7200.

Since then TLW.L has fallen by -18.55%.

Market Outlook

The last pattern detected was bullish with positive implications.

The overall evidence, however, is saying “Watch Out!” but it is not yet pointing to BUY.

[ariane] 08/2/2020 08:45

25% of Tullow workers in Ghana to be laid off
Emmanuel Ayamga
Yesterday at 8:09 PM
Tell your friends
Tullow Oil Plc is reportedly planning to lay off about 25% of its total workforce in Ghana.
25% of Tullow workers in Ghana to be laid off
25% of Tullow workers in Ghana to be laid off

Classfmonline reports that the oil company is currently facing some challenges which could lead to job losses.

The report added that about 35% of top management staff of the company could also be affected by the lay off.

According to sources, the move is part of a restructuring policy as a result of the challenges the firm faced in 2019.

READ ALSO: Tullow Oil is not actively looking for a buyer according to its Head of Corporate Affairs, George Cazenove

Tullow reportedly plans to to slash its administration costs by a fifth, or around US$20 million, by cutting a third of its staff globally.

After a string of production downgrades, Tullow expects its production to shrink to 75,000 barrels per day this year and to 70,000 bpd from 2021.

Last year, Tullow’s value dropped by 30%, triggering the probability of reducing its workforce in order to stay in business and remain competitive.

Meanwhile, Tullow is currently without a CEO following the resignation of Paul McDade, who used to occupy the position.

[sentimentrules] 07/2/2020 18:44

Short WTI 50.50 pb

cant see it holding as where even traders should be, its weak

[novicetrade68] 07/2/2020 14:53

aren't they combined brent & wti ? i wonder when the shorts are going to forward look again, 2 months and counting is quite outrageous to kill a market, share trading. need something like a 30 day circuit breaker for shorts like they have in america? or could be canada. Tlw went down on corona then why doesn't tullow go up when other shares are getting the corona-clear treatment ??

[ekuuleus] 07/2/2020 13:49

MSFT and Amazon are growing companies and only really at the start of that growth market. Apple has hit saturation in its market.

[sentimentrules] 07/2/2020 12:52

WTI crude if going deep sub 50, probably be after 4.30

They tend to do it on a Friday post UK close

Nice of them

[stupmy] 07/2/2020 12:48

They're not just feeding off him sbb, they're tearing him apart like reporters covering the behaviour of his royal Andrewness.

[sentimentrules] 07/2/2020 12:46

APPLE will be a short one day. Everything is

[ekuuleus] 07/2/2020 12:30

Would not short msft. Youd be crazy. Try doing some fundamental research.

Profit last quarter $24B. Market cap $1.4T. That's only 14x the profit. A return on investment of 7% is strikingly good. Profit frew 20% year on year.

[sbb1x] 07/2/2020 12:29

Oil strike can up to 24p a share. But i think they would only give us 15p. Hopefully we strike oil

[sbb1x] 07/2/2020 12:01

More buys than sells everyday and we head lower.Buyers feeding of a large seller or a shorter at work .You decide.

[mcsean2164] 07/2/2020 10:47

gone very quiet here again. i guess 50p is the new normal?

[sbb1x] 07/2/2020 01:04

Russians not happy it's only 600,000bpd. Find out soon

[corby3] 06/2/2020 20:13

Crude looks just way too shaky for commodity driven stock buys of note stumpy

No point going into tullow - just cant see it getting support. If anything, residual will probably bail out to recover in other sector

Couldn't agree more!!

[billy_buffin] 06/2/2020 15:37

'The gathering collapsed without an agreement, after the Saudis proposed a compromise cut of 600,000 barrels a day. The Saudi proposal had broad support, but the Russian delegation rejected it on the grounds that it was too early to assess the impact of the virus on global oil demand'

[the grumpy old men] 06/2/2020 14:31

Tullow to slash jobs, close offices after poor Africa and Guyana results
By David Herbling on 2/6/2020

NAIROBI (Bloomberg) - Tullow Oil will reduce its headcount in Kenya by about 40% as part of a company-wide restructuring following poor performances at its Africa and Guyana operations.

About 35 workers will become redundant, Tullow Kenya Managing Director Martin Mbogo said in an emailed response to questions. The reduced team “will focus” on achieving a final investment decision for the Kenya project this year, Mbogo said.

Tullow’s projects have been delayed in Kenya and Uganda, where the explorer is looking to reduce its stake in oil discoveries. Assets in Ghana performed poorly last year, and a Guyana crude oil deposit turned out to be smaller than expected.

Tullow said Feb. 5 that it expects its total workforce to shrink by a third and offices in Dublin and Cape Town to close as part of the restructuring. That would result in “considerable savings,” the company said.

[sbb1x] 06/2/2020 11:32

Hopefully opec make a big cut. Announcement got to be by end of the day.

[sentimentrules] 06/2/2020 11:24

Crude looks just way too shaky for commodity driven stock buys of note stumpy

No point going into tullow - just cant see it getting support. If anything, residual will probably bail out to recover in other sector