Tullow Oil Share Discussion Threads

[sbb1x] 11/3/2020 09:38

Russia wants to smash shale and the banks.Games after all America puting sanctions on Russia and iran. It's called pay back

[crossing_the_rubicon] 11/3/2020 09:33

"Shale's profitability problem just became much worse"
With West Texas Intermediate crude trading just above $30 a barrel, America’s shale producers’ profitability problem just became much worse. Only a handful of companies in two areas of the country have breakeven costs lower than the current oil price. Wells drilled by Exxon Mobil Corp., Occidental Petroleum Corp. Chevron Corp. and Crownquest Operating LLC in the Permian Basin, which stretches across West Texas and southeastern New Mexico, can turn profits at $31 a barrel, data compiled by Rystad Energy show, while Occidental’s wells in the DJ Basin of Colorado are also in the money at that price, which is where oil settled Monday. For everyone else, drilling new wells will almost certainly mean going into the red.

One of America’s biggest shale oil producers has slashed its dividend by 86 per cent in response to the collapse in global crude prices. Occidental Petroleum, whose shares halved in value on Monday, said that it would cut its capital expenditure this year by $1.7 billion, or more than 30 per cent, as it tried to weather the crisis. – The Times

[eodfire] 11/3/2020 09:28

Don't waste your time posting this rubbish. The media are doing a good enough job. Normality will resume in a few months. This isn't the Black Death of the 14th century. Get a grip.

[jacko07] 11/3/2020 09:25

ICAC..so you think the 'end of the world is nigh' .....in which case none of it matters!

[icac] 11/3/2020 09:00

Coronavirus will be around for years killing millions of people.. global market will crash big time within months. This will go down in history as the corona crash.

[subsurface] 11/3/2020 08:54

perhaps a reversal?
During the war 1941 it was the cold weather that helped Russia v Germany
It does seem the virus prefers colder weather,so if Russia ends up like Italy and Europe they may get back to the OPEC discussions quickly. Saudi is Hot,and the virus may move slower.

[sbb1x] 11/3/2020 08:24

Back test of 12s....

[ammu12] 11/3/2020 08:23

Going down ffs

[ammu12] 11/3/2020 08:17

Stupid poo

[sbb1x] 11/3/2020 08:07

Cut it down to 20p dirty dogs

[florenceorbis] 11/3/2020 08:02

Peel Hunt Hold but down from 45.00 to 20.00 Retains

[subsurface] 11/3/2020 07:59

Smartie6
Glad im all in cash? better in Gold!

So The raw material—banknotes in denominations of two, five and even 100 bolívares—are still legal tender in Venezuela. But inflation is so high they are worth more folded up into origami objects than as cash. The free-market exchange rate is about 3.5m bolívares to a dollar. ... But there is also a shortage of banknotes.

[ammu12] 11/3/2020 07:45

Oil's historic price crash is prompting the Chinese government to consider buying more crude for state reserves, according to people with knowledge of the mattervia @cangsizhi

[sbb1x] 11/3/2020 07:45

Sky news is saying Donald Trump wants tax cuts, the man is on the ball, it's the only way to save the economy now................... tax cuts, tax cuts, tax cutsBanks cant lower interest rates any lower!

[tracy_moore] 11/3/2020 07:45

Number one on leader board for chat, and in all honesty it's probably the same poster mainly using two names lol.

[smartie6] 11/3/2020 07:42

They must have a plan???????
Mustn’t they?????

[sbb1x] 11/3/2020 07:40

Interest rates in uk lowered to lowest in history, even lower than 2008.What bank is going down 1st #mtro or the german bank...

[sbb1x] 11/3/2020 07:38

Brent under 37, expecting a retest of the 52 week low

[smartie6] 11/3/2020 07:34

Ftse went positive but for how long. This could crash later today imo. 500pt drop?

[the canadian mounted] 11/3/2020 07:32

Like I said six months time

[sbb1x] 11/3/2020 07:32

UK need to stop giving the #EUMAFIA 1 billion pounds per month.Its goodbye #EUMAFIA this time, they wont survive this one.History repeats itself, you only have to look at the past to know the future.When saudi smashed the oil down in the 80s it started the fall of USSR and Chernobyl was the final straw.

[smartie6] 11/3/2020 07:30

Sbbx1, this now looks very serious indeed. We aren’t being told anything. I would say this may bring down many worldwide economies. Absolutely smacks that they’re frightened of SMEs going bust and also the markets.

Shxt, so glad I’m all cash.