Tullow Oil Share Discussion Threads

[the stinger] 09/4/2020 20:30

LWB, 15.5p takeover. They have been waiting on EC phase 1 and looks through. RNS after hours tonight, and worded positive. Easy money

[cool hand kev] 09/4/2020 20:28

The stinger, what's that about?

[the stinger] 09/4/2020 20:21

Looks like it's going ahead, could be a quick 100% on this tomorrow..

IMPORTANT INFORMATION – OFFER FROM FV BETEILIGUNGS-GMBH (FVB)
The Notice of Annual General Meeting and Form of Proxy, and where requested, the 2019 Annual Report, are being sent to Low & Bonar
shareholders now although the 2020 Annual General Meeting will not be held until Friday 22 May 2020. It is possible that the FVB offer will
complete before 22 May 2020 in which case it will not be necessary for you to attend the 2020 Annual General Meeting.
Regulatory clearances are still awaited in respect of the FVB offer and once these are close to being substantially finalised, we expect to send
shareholders an update on the offer and the next steps to be taken.
The 2020 Annual General Meeting will proceed as notified in the Notice of Annual General Meeting if you do not receive any further
communication from Low & Bonar.

[ham74] 09/4/2020 20:19

Brent only closed down 4pc. The real glut is in US landlocked oil with higher transport costs. But the relevant benchmark for Tullow is Brent not WTI.

[smartie6] 09/4/2020 20:18

No, no, no space dust. I can’t throw money away like that. My investment would be halved in a week.

[spacedust] 09/4/2020 20:15

Take a 20k punt on Tuesday. Go hubwrnstuon for 3 months and come back and double or treble it.

[teamwork1] 09/4/2020 19:27

Are u in this share

[smartie6] 09/4/2020 19:11

Once the price falls off a cliff, could be as soon as Tuesday, then back in the hole where this share probably belongs?

[turvart] 09/4/2020 18:40

It won't collapse on Monday because the market is closed!

[zoro9791] 09/4/2020 18:38

Good we have an agreement tomorrow another 2 will take us 12.Looking at major oil shares such as Exxon,Shell all reacted pretty well.I don't really understand why people think this will collapse on Monday?Anyone care to explain please.

[turvart] 09/4/2020 18:14

Tidy2,

I thought the whole idea of the Saudi's ramping up production was to try and put shale producers out of business?

[tidy 2] 09/4/2020 18:12

USA has other options to cut oil without having to cut shale producers. They will be the last choice as the whole point of this is to save their jobs. They want poo at 42 so will adjust cuts as they go to attain this. Depends how soon industry fires up again etc

[turvart] 09/4/2020 18:04

Well I think TLW held and came up nice today, just wait when some positive news comes out like the new CEO.

[turvart] 09/4/2020 18:02

Who asked your opinion DB? ;-)

[azalea] 09/4/2020 17:55

It has been reported that a cut in oil production of 10 million barrels a day will not notably increase the price of oil. At current oil prices, shale oil producers will increasingly face bankruptcy as institutions and investors stop investing in the industry.

[leoneobull] 09/4/2020 17:43

10 million cut agreed To ensure compliance, a draft communique sent to G20 member countries - circulated prior to the Thursday OPEC++ meeting - told members that it would create a special group to monitor this compliance. The group would not only monitor the compliance to the Thursday agreements, but it would also report back to the G20 energy ministers "for further corrective actions if needed," according to Bloomberg, who saw the draft.The draft document didn't specifically mention "production cuts". Rather, the document indicated that it would monitor whatever steps the Thursday group agreed on that would stabilize the oil markets.With 10 million bpd in the bag, the market will now look to the G-20 meeting to see how the United States will respond to the agreement that OPEC has hashed. In the meantime, oil prices have responded with a lukewarm reception.By Julianne Geiger for Oilprice.com

[turvart] 09/4/2020 17:40

Cool hand Kev, did you take any out along the way?

[cool hand kev] 09/4/2020 16:58

Buffskins, I too have £30k+ in EUA @ 0.5p and now sitting on nearly 450k which I can't get to YET LoL 😁

[buffskins] 09/4/2020 16:48

agreed wee man