Tullow Oil Share Discussion Threads

[sentimentrules] 06/3/2020 07:16

Holders going to lending market?

[leoneobull] 06/3/2020 07:15

BTFATH1Posts: 13,393Price: 28.05Strong BuyTR1Today 07:11Price fall of 245 to 27p (3.2 billion pound reduction in the share price in 5 months)with not one reduction in holdings in 3 months. This is all very peculiar so it must be shorts and private investors reducingNow valued at near cash whilst neglecting the 9-10 billion in assets. Got to love the herd :-)

[leoneobull] 06/3/2020 07:05

From today's FT.Top oil traders warn of 'zero growth' in 2020 demandCoronavirus outbreak expected to cut consumption increase to weakest levels since 2008 crisis   March 5, 2020 12:21 pm by David Sheppard , Derek Brower and Anjli Raval in LondonThe coronavirus outbreak has led the world's biggest oil traders to slash their projections for global demand growth to the weakest levels since the financial crisis, with many expecting consumption to stay steady or even shrink in 2020.Vitol, Trafigura and Gunvor, which together shift almost 15m barrels of oil each day through their vast trading operations, all now see demand either flatlining or growing only marginally this year.Consumption could even contract, they warn, if the virus is not contained rapidly and continues to weigh on economic activity.Consultancies have already sharply cut their forecasts for global oil demand growth in 2020. But the projections from traders more intimately involved in the market will add pressure on Opec and Russia to agree deep cuts in output when they meet over Thursday and Friday to arrest crude's fall from $70 to $50 a barrel since January."We're a lot closer to zero growth in oil demand for 2020 than we ever thought we would be," said Ben Luckock, Trafigura's co-head of oil trading, arguing that the impact of the virus was greater than many analysts had expected. Trafigura expects demand to be severely depressed for most of the first half, before recovering by the end of the year."It takes a while to filter through the system, but it could be disastrous for demand in March," Mr Luckock said.Since the beginning of the commercial oil market in the 19th century it has been rare for annual demand to drop, with contractions generally limited to recessions, as in 2008, or dramatic spikes in price, such as during the Arab oil embargoes of the 1970s. Demand hit a record 100m barrels a day in 2019, and before the viral outbreak had been expected to grow by at least 1m b/d this year.Torbjorn Tornqvist, chief executive of Gunvor, said global oil demand had already dropped by about 2m b/d in the first quarter because of the impact of coronavirus and a mild winter in the northern hemisphere."The full impact of the virus's spread on demand remains difficult to know because so much rides on whether it can be curtailed this spring and when things start to normalise," Mr Tornqvist said."But for now we expect either a small contraction or only very mild growth for the year as a whole."Vitol, the world's largest independent oil trader, believes China's demand fell as much as a third, or 4m b/d, at the peak of the lockdowns in the country. The trading house now sees oil demand growing by less than 0.5 per cent this year, if at all, in the wake of smaller-scale restrictions likely to be implemented in Europe and North America.Even if the virus was contained by the summer and governments implemented enough economic stimulus, the company expected only "marginal oil demand growth at best this year", said Giovanni Serio, Vitol's global head of research."If the virus's spread cannot be stopped by summer then the situation could get worse, and we may see oil demand contract."Saudi Arabia was on Thursday asking producers in the so-called Opec+ group to agree additional cuts of about 1.5m barrels at meetings in Vienna, according to three people familiar with the plan.This would come on top of cuts of 2.1m b/d agreed in December last year, but the plan faces opposition from Russia, which would rather extend the existing programme of cuts through to the end of the year. A pact between Opec and its allies cannot be reached until Russia joins the talks on Friday.

[ohisay] 06/3/2020 06:57

Courtesy Oil and Gas tracker..

[ekuuleus] 06/3/2020 06:56

On the other hand LloydSP has been falling since 1999

That is somewhat disingenuous. In the last few years, the market cap of Lloyds was at it's highest ever.

[sbb1x] 06/3/2020 06:38

Who owns the media.What are media promoting.Panic and fear.Time to buy when media change there agenda

[sentimentrules] 05/3/2020 22:45

On the other hand LloydSP has been falling since 1999

[molatovkid] 05/3/2020 22:40

Seen Lloyds profits recently? Billions. Good business to be in and will get even better once this whole PPI thing drifts into history.

[waldron] 05/3/2020 21:55

if u believe that u believe anything

Crossing_the_Rubicon
5 Mar '20 - 21:44 - 42107 of 42107
0 0 0
@Waldon

Deutsche must be bust.

If HSBC goes down then we truly are in a world of trouble.

Barclays, Lloyds, RBS, not so much. But HSBC, or Deutsche..bad times the result.

[crossing_the_rubicon] 05/3/2020 21:44

@Waldon

Deutsche must be bust.

If HSBC goes down then we truly are in a world of trouble.

Barclays, Lloyds, RBS, not so much. But HSBC, or Deutsche..bad times the result.

[waldron] 05/3/2020 20:30

Oil drops as OPEC agrees on massive oil supply cut to offset virus impact; awaits Russia’s approval
an hour ago
Coronavirus fears cause Dow to crater 1,100 points, erasing Wednesday's rebound

[waldron] 05/3/2020 20:26

Sbb1x
5 Mar '20 - 20:15 - 42104 of 42104
0 0 0
Banks are bang in trouble #EUMAFIA wont survive this one




nor will uk

not good for one and all

[sbb1x] 05/3/2020 20:15

Banks are bang in trouble #EUMAFIA wont survive this one

[waldron] 05/3/2020 20:13

Dow tanks 1,000 points on coronavirus fears, giving up most of Wednesday’s gains
Published Thu, Mar 5 202012:07 AM ESTUpdated 13 min ago
Yun Li
@YunLi626
Eustance Huang
@EustanceHuang

[sbb1x] 05/3/2020 20:12

Heading to 42$

[sbb1x] 05/3/2020 20:12

Dow down 900 pointsBrent below 50$Dow currently 26000, will drop to 21,000Brent 49.xx will drop to 42$Tlw might go to 20pCorona virus created to cause panic and fear 3000 deaths from 100,000 infections.Who likes to create panic and fear, who likes to spread panic and fear?Now who created the man made virus ?

[sentimentrules] 05/3/2020 19:43

brent seems destined for 46 next and fairly soon. will the 12th really matter?

SWhilst commodity sensitivity is out the window, so far below breakeven per barrel will surely null any , even good news if that was possible to give

[waldron] 05/3/2020 18:51

CHUCKLE

Now i know i am old and even worse an old codger

i find the recent posts no longer funny and a waste of space

why not just cease posting until march 12th

[catswhiskas] 05/3/2020 18:44

Were Doomed were all going to die !

[smartie6] 05/3/2020 18:17

Ammu12, do you remember last nights Dow? How do you feel now?

[sentimentrules] 05/3/2020 17:35

White ground all yar cash and snort it. More fun

[waldron] 05/3/2020 17:33

DO NOT PUT ALL YER MONEY ON A TWO HORSE RACE MR WHITE

[smartie6] 05/3/2020 17:31

Whites, do you think they’ll write on your tombstone in a few weeks, “Bullshxt, what Coronavirus”?

[whites123] 05/3/2020 17:30

Carnage and no longer following any correspondence to Oil price.

The world has gone mad because of Flu... Not flu actually, its no where near as bad as flu, but this is what happens when Media and big money want to reset the game.
Make Billions on the way down and Billions on the way back up.

I am now at a stage where I am even considering assets I own to release more money to buy even more.

Splitting it all between PMO and TLW.