Tullow Oil Share Discussion Threads

[leoneobull] 06/3/2020 21:42

Smartiepants. You may have got lucky with ya short due to coronavirus but dont forget it ain't over until the fat TO bid sings

[mariopeter] 06/3/2020 21:11

May have to sell Guyana to fight another day. Exxon would probably like some heavy crude for the refiners in the Gulf of Mexico.

[smartie6] 06/3/2020 20:49

Are these the same guys posting down from 70p. Crikey follow their lead. You only need to seek a 270% increase to get your money back.
Wake up call guys. Really good at this.

[teamwork1] 06/3/2020 20:46

in the full year results, including that Tullow's share of production last year averaged 86,700 barrels of oil per day (bopd). (That's behind guidance given in November). But we also know that well controlled capital expenditure means free cash flow and net debt have been kept in line with guidance for the financial year.Instead the focus will be on whether Tullow still expects at least $150m in free cash flow next year. We think a lower oil price could be an extra headwind here, with oil demand at its lowest in a decade, and coronavirus fears have the potential to make this worse.The final thing to keep an eye on is commentary surrounding the heavy oil found in Guyana. Tullow thinks the discovery could still hold some commercial value, and initial evaluations are underway.SEE THE LATEST TULLOW OIL SHARE PRICE, CHARTS AND HOW TO TRADE

[crossing_the_rubicon] 06/3/2020 20:36

"Administration then pre-pack or liquidate and assets stripped. Lenders may just about get out.Shareholders tend to get zero"

Strangely no Debt:Equity swap which is far more likely than administration...

[sleveen] 06/3/2020 20:24

TLW are doomed if POO remains at these levels for much longer.

[sentimentrules] 06/3/2020 20:22

This will put eu into recession . It was already on the verge without this issue.

[sentimentrules] 06/3/2020 20:21

What will the rns do about a screwed global economy and crude trading 30 pb?

[mariopeter] 06/3/2020 20:19

I'm waiting for next weeks rns Mcsean . Don't need any downside on production really.

[turvart] 06/3/2020 20:18

Well you could make it up actually SR Ryan, Did you buy into TLW since the last few weeks? well I didn't! and nore did Tyson Fury! LOL

[turvart] 06/3/2020 20:10

Got to laugh though ain't you SR Ryan LOL!

[turvart] 06/3/2020 20:07

What was he bragging ( Whites123) SR Ryan? " I've gone 100,000 shares long at 158p and now I've got 100,000 shares at 95p, or something like that?" And now he's doing the OKI Koki skint!

[sentimentrules] 06/3/2020 19:57

One of us might get a PM soon asking for a fiver to try get past 08.00.01 Monday

[turvart] 06/3/2020 19:56

Whites123 posted now he's got £23 left before a margin call LOL!

[sentimentrules] 06/3/2020 19:50

White u genius

[mcsean2164] 06/3/2020 19:50

Thanks Mario,

Maybe it's time to top up. My account says 88% down so could double my shareholding easily enough. 😱😢😂

[smartie6] 06/3/2020 19:48

Same amount of shares as you first bought. Lol. But now worthless.
I can’t get hold of toilet paper for love nor money but I can buy tullow share certificates, one at a time, so I can wipe my backside. 5 sheets for a pound. Lol.

[mariopeter] 06/3/2020 19:45

Yes Mcsean hedging is saving the Company. They are projecting production of 75000 bopd and with the hedging (45000 bopd at $52) and $46 Brent for the whole year for the other 30000 bopd guess what happens. Breakeven free cashflow. With improved production it makes further cash and that's very easy to work out. Question of maths really.

Banks will not want to enforce covenants as long as the debt is being serviced. They are not some cowboy outfit from New York looking to steal the assets.

Russians are strengthening OPEC+ spine and will be back later.

My take.