Tullow Oil Share Discussion Threads

[sentimentrules] 08/3/2020 23:38

idoflykathy8 Mar '20 - 23:35 - 42556 of 42558
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This was Canadian Mount's leveraged trade on Friday, just prior to the 15% drop.
6-Mar-20 - 13:54:11 - LONG 26.66 - Shares: 2,362,811 - TOTAL: £629.930

...

Jaysus. Well he can obviously afford it so no drama

[sentimentrules] 08/3/2020 23:37

loafofbread8 Mar '20 - 23:26 - 42553 of 42556
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TLW has 37,000 BOPD hedged at $58 bbl for 2020.

...

Oh that's alright then. 50p tomorra

[benny shares] 08/3/2020 23:37

Looks like every world index is down, there's a few companies making headwinds from this... Your job... Is to make the most of it...

[idoflykathy] 08/3/2020 23:35

This was Canadian Mount's leveraged trade on Friday, just prior to the 15% drop.
6-Mar-20 - 13:54:11 - LONG 26.66 - Shares: 2,362,811 - TOTAL: £629.930

[idoflykathy] 08/3/2020 23:29

His wife has made him install Gamstop on the computers - first positive step taken after losing all of their money with an over-leveraged Tullow position

[smartie6] 08/3/2020 23:27

He’s crying big time. How the mighty have fallen. Must be painful walking around with a horses dxxx up your ass.

[loafofbread] 08/3/2020 23:26

TLW has 37,000 BOPD hedged at $58 bbl for 2020.

[idoflykathy] 08/3/2020 23:26

I think Candadian Mount has come clean to his wife and kids. Pension = gone. Savings = gone. ISAs = GONE. College funds = GONE. He's currently showing them photos from the LiveAid website to put things into perspective.

[crossing_the_rubicon] 08/3/2020 23:23

Doubt the Private Equity firm will be interested if Poo crashes spectacularly...
All that debt they'd have to service absent cash flows to cover it.

They're not that stupid. Asset stripping parasites yes, stupid, no.

[idoflykathy] 08/3/2020 23:22

And even if you play out the absolute worst case, for the people that have used leverage.... and might now be facing no money plus a hefty bill to pay. Even going bankrupt is better than the hardship that some in sub-saharan Africa face

[delta_1] 08/3/2020 23:22

This might help...https://twitter.com/davidburton1971/status/1236541994270363648?s=21

[smartie6] 08/3/2020 23:21

Don’t think we’ll ever see PPE again SR.

[smartie6] 08/3/2020 23:21

You may not have anything left but as long as you have clothes on your back, food to eat, and the love of a good woman or man then you’re a success.

[idoflykathy] 08/3/2020 23:18

Also, life lessons cost money. So it's also important to realise that any losses will have also taught you a lesson, especially if you've lost more than you should have risked. Count the lesson as a blessing. It will soften the blow of the money being gone.

[sentimentrules] 08/3/2020 23:17

It's what I would think.

If crude opened up 100 bucks, my first thought would be "well, Canadian mount did OK so I'm happy snywsy"

[idoflykathy] 08/3/2020 23:17

It's the yin and yang of life

[sentimentrules] 08/3/2020 23:15

Absolutely. And remember, your loss is somebody else's gain. .so there really is always good in everything

[idoflykathy] 08/3/2020 23:14

Good point - so they are even worse off. No amount of Tullow losses is worth wasting negative energy over. It's only money. Count your blessings in life.

[smartie6] 08/3/2020 23:14

Rhino numbers have increased in recent years.
Tullow shareholders really need to listen, great advice. Think of families first.

[sentimentrules] 08/3/2020 23:13

Is the coronavirus in the Sahara? Think they are safe

[idoflykathy] 08/3/2020 23:12

My advice to anyone that has lost big time with Tullow - just remember that there is always someone worse off than you. Think of the people in Saharan Africa who have nothing more than water and basic food supplies. Will put any Tullow losses into perspective....

[jostrummer] 08/3/2020 23:11

Very tricky situation. Its the debt which spooks though.. Maybe its what the Russians want..

[sentimentrules] 08/3/2020 23:11

I wouldn't even try