Tullow Oil Share Discussion Threads

[manc10] 12/3/2020 10:57

lets look at some of his classics bpc tanked tullow tanked eco tanked ukog tanked tower tanked this beauty as well lansdown oil and gas lol

[manc10] 12/3/2020 10:56

its simple any stock raymong say buy you sell when he says sell you buy

[manc10] 12/3/2020 10:55

raytard you absolute disaster this is going to zero every oil stock you have owned has tanked

[ltcm1] 12/3/2020 10:53

If you think Tlw can make money on $25 oil you should buy the shares.

[icac] 12/3/2020 10:39

Losing all

[icac] 12/3/2020 10:38

Yes I agree if oil rises back to 55p then this will rise . But you must understand if this virus stay around for another 12 months , this share price could hit as low as 7p... with the way things stands 7p looks very likely .. capital raise forcing holders to choose either keep backing the company or end up losing scenario is on the card.

[rayrac] 12/3/2020 10:35

Irrationality is the picture here and the market as a whole.

[amaretto1] 12/3/2020 10:34

Oil rises back to 50-55 This will quadruple minimum !!

[dickiebird2] 12/3/2020 09:39

Just keep buying when you can !!!! Bargain

[topazfrenzy] 12/3/2020 09:19

Just grab some and keep them, I see a quick share price recovery here shortly, to 30p +

[g2theary] 12/3/2020 09:16

Will see blue today...

[mariopeter] 12/3/2020 08:57

If China to be believed they will be back to work in abundance shortly. See chart of active cases:




Lets hope a new strain does not come out. With the US taking such action I sense an end to the Dow weakness. I hope!!

[mariopeter] 12/3/2020 08:41

Agree with that cjtk. Nice to see you here.

[captain james t kirk] 12/3/2020 08:39

hi mario
"How does that Euro hold up as they keep kicking the can down the road?"
By its fingernails and that will be one to be well clear of when it does crash, without warning :)

[icac] 12/3/2020 08:38

Mr white seem a bit quiet these days..

[mariopeter] 12/3/2020 08:32

Yes Mc Sean usual when management change and then release reserves to improve profitability later. Bond debt is $1.75b and all in place until 600m up for revision in 2022. Oil price will not be $34 then. Dorothy doing a good job.

Shalers to turn taps off so API inventory numbers Tuesday coming and EIA US production numbers on Wednesday coming will be interesting.

No visits to the USA from Europe for 30 days. Plenty allowed from UK! We know where the real special bond is now and these things affect trade negotiations.

Italy currently looking for a massive $700b as a bailout is a very big threat and will suffer inroads to their sovereignty. How does that Euro hold up as they keep kicking the can down the road?

[sentimentrules] 12/3/2020 08:28

ALL HAIL THE FORESEEING SPARTANS

[sentimentrules] 12/3/2020 08:27

Gerbils buying

Dieees by next Wednesday

Dilution or bye bye

[subsurface] 12/3/2020 08:27

Hi Mario,
Playing it on the safe side better than making promises that dont work out, they can raise money with sales Uganda, Kenya, or farm down Guyana

[john09] 12/3/2020 08:17

Oh dear not sure this drop is warranted

[mcsean2164] 12/3/2020 08:17

Mariopeter,

over-prudent Dorothy.

I agree with that but maybe better surprising to the upside.

[florenceorbis] 12/3/2020 08:14

Frank Prenesti
Sharecast News
12 Mar, 2020 07:57
Tullow Oil slashes capex; warns of impact of lower prices
Tullow Oil
18.94
07:58:41 12/03/20
-0.06%
0.82

Tullow Oil swung to a full year pre-tax loss of $1.6bn driven by exploration writeoffs and warned future results would be “adverselyR21; hit by if oil prices remained at the current levels.
FTSE 250
17,339.23
16:35:30 11/03/20
-1.18%
-207.82
FTSE 350
3,320.63
16:35:30 11/03/20
-1.37%
-45.98
FTSE All-Share
3,287.07
16:45:42 11/03/20
-1.38%
-45.91

The company, which was last week demoted from the FTSE 250, forecast free cash flow for 2020 of $50m - $75m at $50bbl and breakeven at $45bbl. It also cut capital expenditure by 30% this year to $350m with an option to go further and maintained full year production guidance.

Oil prices have plummeted on a slump in demand due to the coronavirus which has particularly hit air travel globally. Saudi Arabia started a price war this week after failing to agree production cuts with Russia in an attempt to stabilise prices.

Tullow accused the Saudis of cutting prices “in an attempt to prioritise market share rather than price stability”.

“These recent events will continue to have an impact on oil price volatility. Tullow prudently manages its commodity risk and is well hedged with 60% of 2020 production hedged at a floor price of $57bbl and 40% hedged at a floor price of $52bbl for 2021.”

“Realised oil prices for January and February 2020 averaged over $60/bbl. If oil prices remain at or below their current levels for an extended period of time, this would adversely impact our future financial results.”

Tullow said 60% of 2020 sales revenue had been hedged with a floor of $57bbl and 40% of 2021 sales revenue hedged with a floor of $53bbl.

“Working interest oil production is expected to average between 70,000 and 80,000 barrels of oil per day and year-to-date, group production is in line with expectations,” the company said.