Tullow Oil Share Discussion Threads

[honestmarty] 12/3/2020 07:20

Volsung

Get a grip, the depth of your denial is about to be laid bare.

We may well see sub 10p.

[mcsean2164] 12/3/2020 07:20

Actual production beat forecast. It does seem as if Dorothy is not putting a positive spin on it at all. This looks like the floor.

If rbl agreement completes successfully, then safe for a while.

[leoneobull] 12/3/2020 07:20

2020 outlook-- Group production year-to-date in line with expectations; full year guidance of 70,000 - 80,000 bopd-- Jubilee performing well after gas processing facility upgraded, increased gas offtake agreed, and sea-water injection capacity optimised; Nt-09 production well at TEN on-stream in Q2; non-operated West African production in line with expectations-- Capex of c.$350 million, down c.30% from 2019; exploring options to reduce further if required-- 2020 free cash flow forecast of $50-$75 million at $50/bbl; free cash flow breakeven of c.$45/bbl-- 60% of 2020 sales revenue hedged with a floor of $57/bbl; 40% of 2021 sales revenue hedged with a floor of $53/bbl-- RBL redetermination ongoing; expected c.$1.9 billion debt capacity at the end of March; liquidity of c.$700 million 2key thing is 1 billion of asset sales identified

[smartie6] 12/3/2020 07:20

Who knows the sun may shine and they may say let’s forget about the debt, the cash break even, the covenants, and buy this insolvent business? Then again it maybe crippled and become the next DEBS, TCG, SXX?

[sentimentrules] 12/3/2020 07:19

Dear lord. .was the lending market correct for the last two weeks smartie?

Dear oh dear

[sbb1x] 12/3/2020 07:18

You beat me to writing that.The company is bust unless oil goes up

[smartie6] 12/3/2020 07:17

Tsmith isn’t it at $36 now. Wow.
How many covenants have been broken?

[honestmarty] 12/3/2020 07:17

Lack lustre results.

No debt reduction.

This will collapse as gullible , greedy gamblers rush to offload their margin holdings at 8am.

Really ugly day ahead.

[volsung] 12/3/2020 07:16

I never borrow to buy stock hm. There is v little unexpected there. I’d say at the current share price it is priced in

[smartie6] 12/3/2020 07:16

Concentrating on cash flow with break even at $46 is that correct? Isn’t it at $35 now?
How many covenants are in breach?

[phillis] 12/3/2020 07:16

Will survive for sure

[tsmith2] 12/3/2020 07:15

2020 free cash flow forecast of $50-$75 million at $50/bbl; free cash flow breakeven of c.$45/bblouch

[volsung] 12/3/2020 07:15

Lovely morning SR. Bit of snow on the hills

[honestmarty] 12/3/2020 07:13

Volsung, how much have you borrowed to buy this dog?

The results have nothing new.

No expected fsrmout.

No assets sold

Enormous debt.

Grim, really grim

[bigsi2] 12/3/2020 07:13

Will drop almost certainly -more bad headlines overnight and oil down -Risky business holding energy stocks even just overnight right now-

[sentimentrules] 12/3/2020 07:13

Good mornin lads

How are we today?

[sbb1x] 12/3/2020 07:12

I've just filtered tracy Moore, not living in the real world at the moment.Corona virus is here to stay and expected to peak in September. Airlines,restaurants tourists destinations will suffer, hence the need for oil as less people are travelling.And with saudi Arabia increasing and russia also it will see brent to fall to 31$ or even lower.

[volsung] 12/3/2020 07:10

Looks good to me. Lots of ‘in line with expectations’.

[ammu12] 12/3/2020 07:08

2 billion impairment ? Wtf

[smartie6] 12/3/2020 07:07

Going bust today?

[honestmarty] 12/3/2020 07:04

Weak results

18p not justified in this market.

There will be a rush to sell at 8am.

Feeling really sorry for those who believed the hype

[honestmarty] 12/3/2020 06:45

Oil collapsing to 31 dollars

FTSE will plummet another 5% at open.

Really grim.

This RNS will need to be a blinder.

Could easily be buying sub 10p if it doesn't include amazing news.

Glad I sold out.