Tullow Oil Share Discussion Threads

[tidy 2] 02/4/2020 15:37

As I posted earlier.

[sbb1x] 02/4/2020 15:35

Look at brent wow

[tidy 2] 02/4/2020 15:35

There it is CNBC 3 mins ago BREAKING: President Trump tells CNBC that he spoke to President Putin yesterday and Saudi Crown Prince today and expects them to announce an oil production cut of 10 million barrels and could be up to 15 million.HTTPS://twitter.com/cnbcnow/status/1245720342418644992?s=21

[pione3r] 02/4/2020 14:34

Surprised Whitebox haven't increased their short yet. Should always worry about them.

[tidy 2] 02/4/2020 12:07

BloombergChina to Start Buying Oil for State Reserves After CrashHTTPS://t.co/rFWCiinMte?amp=1

[mcsean2164] 02/4/2020 11:17

Just gave investor relations a call. No answer. Genuinely quite annoyed at how they are treating shareholders recently.

[tidy 2] 02/4/2020 11:16

He spelt it out last night.

[tidy 2] 02/4/2020 11:11

They had a chance with traitor Obama. Trump will move in and show whos boss he is already in talks with Putin to boss the Arabs about.

[subsurface] 02/4/2020 11:01

Tullow may have a little advantage With Dorothy at the BOE It wouldn.t be cricket old boy to turn them down!

[topazfrenzy] 02/4/2020 10:39

20p tomorrow after deal is struck

[justthemoney] 02/4/2020 10:25

Short term even if Saudis cut deep and fast it won't help oil markets. there is a 10-20 mb demand destruction, worldwide free oil storage capacity (including US strategic) around 300 mb which will fill up within 30-45 days depending on if Saudi cut very deep 5mb+ or not. Russia cannot either significantly cut or increase. Debt ridden US shale cannot cut any. So the oil trend is down or 20-30 range for another month at least. Of course if someone is to take Saudi oil production out by other means, that would be a material change. IMO, DYOR

[justthemoney] 02/4/2020 10:23

if RBL approved on good terms, share price 50p+, if not, admin...

[topazfrenzy] 02/4/2020 10:22

They are gonna hit Iran too, oil will go to $100+ very fast this year

[justthemoney] 02/4/2020 10:20

mcsean21642 Apr '20 - 08:36 - 137 of 151

six-monthly calculation of the borrowing base amount under the RBL is due to be finalised at the end of March 2020. The significant downside protection and certainty of future cash flows afforded by the group's hedge portfolio should help underpin the level of availability under its RBL facility. In line with its commodity hedging policy, 60% of 2020 sales revenue is hedged with a floor of $57/bbl and 40% of 2021 sales revenue is hedged with a floor of $53/bbl.

However, given the unprecedented market conditions currently prevailing in the oil markets, the risk has increased that the group may not be able to sufficiently progress any planned portfolio management activities, as a result of which its lenders may not approve the semi-annual RBL redetermination liquidity assessments or a potential covenant amendment if subsequently required. Therefore, Tullow pointed out that there is a material uncertainty that may cast significant doubt on its ability to operate as a going concern.

[justthemoney] 02/4/2020 10:10

Short term even if Saudis cut deep and fast it won't help oil markets. there is a 10-20 mb demand destruction, worldwide free oil storage capacity (including US strategic) around 300 mb which will fill up within 30-45 days depending on if Saudi cut very deep 5mb+ or not. Russia cannot either significantly cut or increase. Debt ridden US shale cannot cut any. So the oil trend is down or 20-30 range for another month at least. Of course if someone is to take Saudi oil production out by other means, that would be a material change. IMO, DYOR