Tullow Oil Share Discussion Threads

[ammu12] 10/3/2020 19:36

Thank you for your feedback. Yes, we have indeed had many similar discussions with private investors recently.The Board and management of Tullow have been very active before and since our 9th December announcement. A number of actions have been taken, including the departure of the CEO and Exploration Director, the formation of a reduced sized interim management team and a material restructuring of the organisation, which has led to over 35% reduction in headcount. Other actions are also underway to progress portfolio management activities, such as the sales process to reduce our stake in Kenya, continued discussions regarding Uganda are underway, as well as considerations of other portfolio management activity. You will understand the sensitivity of these activities and why they can't be discussed in detail yet. The recruitment of a new CEO is progressed well and remains a priority for Dorothy Thompson (Executive Chair).We also continue to focus on running the material day-to-day operations of the business. We have started the year well, with production in line with expectations and a number of improvements made in Ghana.I understand it feels like time passes with little news at the moment, but the actions mentioned above don't happen over-night and I can assure you that the Board, management and staff are working hard to complete these actions and stabilise the company as quickly as possible, whilst ensuring that the actions are appropriate.The next planned update to the market is 12th March, when we will report on the key outcomes of the Business Review and the 2019 Full Year Results. In the meantime, we continue to engage with small and large shareholders. What we cannot do though is put out RNS releases in reaction to share price moves which have no substance or news. I know this is frustrating or appears that we are not reacting, but please be assured that the Board is extremely aware of the need to repair trust and rebuild from the solid asset base the Company retains.I hope that is helpful.

[honestmarty] 10/3/2020 19:35

Oil up
Dow Jones strongly up.
Likely comprehensive update on Thursday

I can see strong interest and a healthy rise tomorrow.

[sentimentrules] 10/3/2020 19:32

Utilisation
Current
18.12

7 days ago
14.34

% Change
26.36

[sentimentrules] 10/3/2020 19:31

Cost to Borrow
Current
0.69

7 days ago
0.71

% Change
-3.56

[sentimentrules] 10/3/2020 19:21

Shares on Loan
Current
63.87m

7 days ago
58.43m

% Change
9.31

[ammu12] 10/3/2020 19:21

Brent is rising....

[sentimentrules] 10/3/2020 19:14

xx17 xx18 xx19 12M Frd 2020e
EV/EBITDA 5.77 5.09 3.28 3.34 3.69
FCF (Levered) 943.69m 400.49m 395.51m 374.46m 285.76m

Not crude adjusted

[leoneobull] 10/3/2020 19:06

Questions are also being asked of Tullow Oil, another former stock market darling held back by vast debts. Some are suggesting its former chairman Aidan Heavey, flush with private equity cash from Carlyle Group, might come knocking now the shares are a third cheaper than last week.The debt is a $2.8 billion hurdle to overcome, but sometimes it's in times of market stress that difficult deals can get done.

[leoneobull] 10/3/2020 18:56

BmoToday 18:00"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."

[leoneobull] 10/3/2020 18:51

That is what happens in illiquid bonds when a couple of bondholders panic. Very illiquid are bonds, so if a couple of sellers don't like the risk they will sell at any price. With tlw hedged at 57 usd / 45000 only poo at less than 40 medium term would be a disaster, short term tlw, the Saudis and the Russians can grin and bear it

[bobdiamond1] 10/3/2020 18:49

I'm new on here, it was recommended. Are Tullow a good investment, I have read so much, it seems to be cheap, but I am not convinced.

[roberto mancini] 10/3/2020 18:33

2025 Bonds crashed 36% today 66>43
2022 >72

[sbb1x] 10/3/2020 18:19

Amazing when the scum are closing there shorts the share price dont spike. 2%But when increasing there shorts flooding the market the share price goes down like a sack of spuds.0.4%

[leoneobull] 10/3/2020 18:10

Bid incoming?

[ammu12] 10/3/2020 17:17

Shorts down

[yidarmytom] 10/3/2020 16:48

G
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U
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T
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[mccracken227] 10/3/2020 16:05

A mention on Tullow. https://www.standard.co.uk/business/premier-oil-takes-a-well-deserved-tumble-in-price-a4383546.html

[sbb1x] 10/3/2020 15:39

The sellers might be lucky to buy these back in the 14s

[crossing_the_rubicon] 10/3/2020 15:23

Same could be said to YOU Brexit remoaner!

:)

[leoneobull] 10/3/2020 15:20

Costax. Get a life, SR likewise