Tullow Oil Share Discussion Threads

[the canadian mounted] 10/3/2020 07:45

Pro-nonce is trying (and failing miserably)to frighten people
I’m in and sitting tight

[whites123] 10/3/2020 07:39

Its not serviceable as such as it needs to be paid back soon, and without a massive equity fundraise - there are problems.

There is no near term debt due.
Oil hedged at $57 for 2020.

You are making it ip Pro.

[subsurface] 10/3/2020 07:37

Long term we cannot escape from the fact that Saudi needs to balance its budget and oil companys need an oil price that gives them returns to invest in new drilling to keep up reserves.

on the money side look who sits on the boe board



why did she trash Tullows forward production guidance after an audit and fire the CEO?
what did the audit find? whos reputation could of been brought into dispute?
Was a reporting error made?

[costax1654x] 10/3/2020 07:34

Oil is dropping down

[the canadian mounted] 10/3/2020 07:30

Let’s see who is smart today without yer
Bumchum

[smartie6] 10/3/2020 07:25

He just bent over and took it all day.
Imagine he can’t move his legs this morning.
Lol.

[smartie6] 10/3/2020 07:25

Who else mounted the Canadian yesterday?
Lol.

[leoneobull] 10/3/2020 06:53

Sorry they are selling 45000 a day at 57 .....60% of production. How will they not pay off 300m?"People will have to take a view of how sustainable these oil prices are. If oil prices stay in the $30s, a lot of companies will struggle," said David Round, an analyst with BMO Capital Markets in London. "But in Tullow's defence, they do have a good amount of liquidity, have not near-term [debt] amortisations, and are pretty well hedged at much higher oil prices this year."The Irish-founded company's $800 million (€699 million) of 2025 bonds were trading at par – at 100c on the dollar – before the group cut its oil production forecasts over the coming years, suspended its dividend to conserve cash and announced that its chief executive and exploration director had quit. The bonds had closed last Friday at 67c.

[pro_s2009] 10/3/2020 06:48

I think there is some near term.

Tullow has $300 million in debt due in 2021 and a further $650 million in 2022 - with more after that of course.

Asset sales ? Try selling cruise liner tickets to China.............things are easy to sell when in demand, and impossible to sell if nobody wants to buy.

[leoneobull] 10/3/2020 06:45

Markets overreact. I pointed out immediately that oil exporting countries after 5 years o production low prices can't afford a price war....

[leoneobull] 10/3/2020 06:44

We don't have near term debt due and you forgot about the hedging. And the future asset sales. A temporary blip down pro, or should I say amateur?

[ammu12] 10/3/2020 06:43

Why Brent rising so fast ??Any news ?

[leoneobull] 10/3/2020 06:42

I'm expecting a positive RNS, apart from large impairments for accounting reasons already flagged.I'd expect the Ghana flaring issue to provide a bit of respite too.

[ammu12] 10/3/2020 06:35

No affect on eco?Does eco sell water ?

[pro_s2009] 10/3/2020 06:34

No effect on ECO.......as said, the business is viable its just the debt is too high. The debt issue will be resolved by either a fundraise or D4E. In the meantime the business carries on.

I would see the Guyana Cretaceous, as I said before, as a nice big fat prize to attach to a fund raising..........the promise of billions of barrels.

Lets see how markets recover - if TLW can pull the share price back up against shorters taking it down, they might be able to do a fundraise end of 2020. Else......its D4E.

Probably the debt holders now are shorting TLW........hammer it into the ground, call due on the debt, get a D4E and so close their shorts for massive profits and get loads of cheap stock as well.

[hawkind] 10/3/2020 06:30

Pro will TLW effect ECO?

[pro_s2009] 10/3/2020 06:28

Brent is spiking as shorts close.

Markets, share prices, oil price.......they all are like a pendulum, swing too high, then swing too low, then back up again............

[pro_s2009] 10/3/2020 06:27

Its not serviceable as such as it needs to be paid back soon, and without a massive equity fundraise - there are problems. The debt has a deadline to be repaid and in this climate the debt holders will refuse to roll it over and demand full payment or D4E.

I was expecting a large placing end of 2020 or early 2021 to raise maybe up to a billion dollars - however the chances of that now are slimmer. Much slimmer.

The likely scenario will be the debt holders refusing to roll it over and demanding a D4E.

In that scenario a lowball bid is more attractive which is why you see a person increasing their holdings all the time.

In this climate any company with large debts is very vunerable. Which is why say PMO got battered yesterday as well. You have to assume now that all debts will be called in and either full payment or D4E is going to occur on the due date.

Look what happened to GKP before - learn from the past.

[ammu12] 10/3/2020 06:22

Wow almost 9% up? Why is Brent spiking?

[subsurface] 10/3/2020 06:22

sorry, lose

[subsurface] 10/3/2020 06:15

Never invest more than you can afford to loose! my portfolio is House, Cash, Tullow
2 out of 3 are steady

[ammu12] 10/3/2020 06:11

Brent is up

[whites123] 10/3/2020 05:56

TLW business is viable, the debt level is not.

Debt is serviceable.
Oil is hedged at > $57
$1 Billion headroom.

Are you intentionally trying to scaremonger?
I ask that because you have no position either long or short here.