Tullow Oil Share Discussion Threads

[sentimentrules] 12/3/2020 07:30

This was like a sales man showing you del boys 3 wheeler and telling you it was the latest Mercedes release

[sentimentrules] 12/3/2020 07:29

Thank me Canadian. You went short

[leoneobull] 12/3/2020 07:28

2019 FULL YEAR RESULTS SUMMARY -- Group working interest production averaged 86,800 boepd; capital investment of $490 million -- Revenue of $1,683 million; gross profit of $759 million; loss after tax of $1,694 million -- Loss after tax driven by exploration write-offs and impairments totalling c.$2.0 billion including revised Uganda write-off-- Free cash flow of $355 million; year-end net debt of $2.8 billion; gearing of 2.0x net debt/EBITDAXOne billion asset sales identified........that will tide them through until higher POO....

[smartie6] 12/3/2020 07:28

The mounted Canadian still can’t walk, he was bragging the other day that he took it like a man, but I don’t condone relationships with animals.

[idoflykathy] 12/3/2020 07:28

Canadian is well and truly mounted this morning!

[jugears] 12/3/2020 07:27

Not looking good here & doesn't look like it's going to get any better,3p start today ?

[leoneobull] 12/3/2020 07:26

In the last crisis of POO, plenty of debt agreements and RBLs were renegotiated, including by TLW. Their gearing at 2 isn't that high and with 1 billion asset sales identified, one decent asset sale and this is a multibagger. DYOR

[sentimentrules] 12/3/2020 07:26

Ripped eyes out

[smartie6] 12/3/2020 07:25

It’s like watching them create one after one Human centipedes.

[sentimentrules] 12/3/2020 07:25

They tore off gerbil limbs

[sentimentrules] 12/3/2020 07:23

Ah well.

A new batch of gerbils at 10p soon.. "great value"

SR done here. Work complete Over n out

[leoneobull] 12/3/2020 07:22

Decent FCF 2019, neutral 2020 even at 45 USD av. which is eminently feasible given 57 USD hedged 60% of production.Whilst FCF may be low due to POO collapse, crucially, 1 billion in asset sales identified. So debt can be reduced materially not through FCF but sales....that will tide the, over until POO picks up

[amaretto1] 12/3/2020 07:22

Shorts are going to get foooked here !!!

[honestmarty] 12/3/2020 07:22

Oil is at 31 dollars and moving lower.

When the US is forced to pull an Italian style lock down it could go sub 20 dollars.

[idoflykathy] 12/3/2020 07:21

Oh dear oh dear oh dear.... I’m thinking sub 10p after opening auction. Tullow is bust. RIP

[amaretto1] 12/3/2020 07:21

Nothing wrong with those resultsIt's in far better shape than thought It's hedged for this yearCertainly NOT going bust Valuation is ridiculously cheap !!!

[smartie6] 12/3/2020 07:21

Penny share anyone?
It’s almost like being in the film the wolf of wall street. Anyone had relationships with a cousin? Lol.