Tullow Oil Share Discussion Threads

[cumnor] 11/4/2020 10:59

Shock to the system-oil producers now realise there will be no more exploration for oil as we embark towards a renewable future. The unprecedented 15m bopd cut-and more to come perhaps-is an acknowledgement of 'lets get the most the we can for as long as it lasts' and this is it. Putin, for all his posturing, has been rattled by this and while there will be no return to the $80s oil 50s will do, and for TLW that is absolutely fine, with a share price of £1+ on the cards by year end.

[smartie6] 11/4/2020 10:53

Turvart.

It’s like taking over as the Manager of Man Utd at the top of the Premier and then taking them down to the bottom of the Conference and then halfway through the season saying look how good we’re doing, we are now 3rd in the Conference table, aren’t I a great Manager?

No, you are sheeeeeeeeet!

[spec7] 11/4/2020 10:53

Zoo
I dont think i know enough yet, i only bought in last week because i see TLW as way oversold and in a good position to recover fast once this mess is over. At the moment the price has been collapsed by the traders and the MM's are playing them now. There are hundreds of companies like this that have been hit by panic selling, its just a matter of deciding which are in the best position for a strong recovery in the medium term. At the moment the tides going out but sure as night follows day the tide will turn and i intend to be riding quite a few waves back in :-)

[turvart] 11/4/2020 10:49

OF course Whites is doing it right, he must set up seminars on his trading skills.

Ladies and Gentlemen, welcome to my seminar, right to kick off what you must do is buy at 150p and let it go down to 8p!

Audience: Ha Ha ha ha ha, come on stop messing around!

Whites: NO, seriously!

[zooman] 11/4/2020 10:23

W, good post. Zoo

[zooman] 11/4/2020 10:21

S, you suggested the idea any reason you can do it?Zoo

[smartie6] 11/4/2020 09:09

Whites same people were saying the same with NMC. You don’t know what’s around the corner.

[whites123] 11/4/2020 09:03

If coming on to a free internet forum and slandering a person because of his trades makes someone a great "Investor" then well done Tuvart, you are the best.

Prior to the internet boom where all you "in out in out shake it all about" gamblers became experts we used to buy shares. Certificates, we used to look at the sp's maybe a couple of times a year and when we wanted to trade we telephoned our broker and left instructions. We used to have stability.

Now you "in out in out shake it all about" gamblers create so much volatility you weaken everything and seek to destroy for personal gain. Maybe you will reap the full benefits of the likes of Corona in time.

If I had 200,000 shares 6 months ago and sell and buy no more, I still have 200,000 shares. I have no headaches and have been carrying on with my life. The value is a number that I was prepared to "Invest". You in out in out shake it all about guys will have fretted, suffered headaches, stress and worry.. You still have your "Number" though for gambling. What is your exit strategy? Your profit point?

TLW like every other company has been trashed by the Coronavirus and spat between Saudi and Russia.
Oil is a commodity that will always be in demand, and the current blip is so vastly overdone because of the ease of gambling / trading.

TLW has majority of 2020 production hedged at > $57.... A point the company were clearly very pleased with..
They have a portion of 2021 hedged as well which means they are very well placed to ride any storm out.

We all knew the Saudis and Russia would agree a deal... If it didn't happen this week it would certainly have been next month... As it is USA, Canada, Mexico have signed up as well and we expect to see up to a 15% global reduction in oil.

TLW as we all know will ride out this storm, right into 2021.
Anyone who really expects to see oil into the teens also expects to see Saudi & Russia declared bankrupt.

TLW is such a strong buy it is impossible to not see it.
However: nd this is where the volatility comes in... The "in out in out shake it all about" gamblers can and do change the course of common sense, especially when they act in gang culture which is what they do, so of course we will see volatility, we can see it from one minute to the next... however if you measure you points every 6 months instead of every 30 seconds the volatility appears a lot less hostile..

In for the long term. Always was and always will be.
Invest for growth. Always have done and always will.
Purchase and switch off. Always have done and always will.
Invest what you can afford to lose only. Always have done always will.
Stay away from leveraged products. Always have done always will.

TLW has the potential to make a lot of people very very rich through growth.
I foresee TLW nearer a £1.00 for certain by the end of the year and most definitely Oil nearer $70 dolar than $30...
There will be volatility along the way, but my next measure point needn't be for 6 months. In the meantime I will enjoy my life, my pets and my partner.
Tuvart can enjoy his worry, his fear, his acid reflux whilst staring at a screen 24/7.

Pay your money, take your choice.

[smartie6] 11/4/2020 08:57

Sbb1x was your buddy and now you’re turning on him?
FFS. The truth really hurts.
I can’t blame Sbb1x, he never hurt anyone with his ramping, in fact everyone would be in a significant profit if new to the share, that said it was a gamble and luckily the powers that be (I still wonder about the spike) assisted. But in the true light of day, demand is no longer there, quantities produced will take an age to reduce, and this deal is very very limited.
Good luck with your investment but I think we all know tullow is fkd.

[smartie6] 11/4/2020 08:41

Why are people advising Mexico has signed when they haven’t?
I thought this site always wanted the truth.
Trump has promised something he can’t deliver without the US Corporates buying in. That’s why there will be a delay.
Stop ramping for your own purposes.

[sbb1x] 11/4/2020 07:54

Mexico holding up a dealIf you look at amena Bakr last tweet about 21st april about usa cutting production.Even if they cut 25 million bpd it's not enough.Lock downs will continue for another month at least..Oil cuts wont start untill may.World normally consumes 100 million bpd, what has it realy dropped to from start of March and carry onto may.I reckon 40m bpd over supplied .America 95 per of planes are grounded Us jobless total gone up 16 million people in 3 weeks.

[azalea] 11/4/2020 07:20

Mexico is reported to have agreed to cut production by 100,000 barrels a day, a drop in the ocean. With the report that Trump will compensate Mexico at a later date,I don't hear any statement on how much the U.S. will contribute in cuts, if any.

At the current price of oil, Shale oil producers will continue to go bust,creating job even more job losses which is the last thing Trump wants to see in the run up to the November election.

Max Keiser reports that up to 15 million homes could face being repossessed if the lock down continues into the summer months.

[sbb1x] 11/4/2020 06:50

I see the big fish has now reduced his holding from 20m to 10m shares

[leoneobull] 11/4/2020 06:07

Global Deal To Cut Oil Output In Sight After Mexico Signs UpJon Gambrell - Associated Press - 2 minutes agoDUBAI, United Arab Emirates (AP) â€" The OPEC oil cartel and nations including Russia have agreed to boost oil prices by cutting as much as 10 million barrels a day in production. Even more countries, including the United States, were discussing Friday their own cuts in what would be an unprecedented global pact to stabilize the market.The agreement between OPEC and partner countries aims to cut 10 million barrels per day until July, then an 8 million barrels per day cut through the end of the year, and 6 million a day for 16 months beginning in 2021.Mexico had initially blocked the deal but its president, Andrés Manuel López Obrador, said Friday that he had agreed with U.S. President Donald Trump that the U.S. will compensate what Mexico cannot add to the proposed cuts.That paves the way for cuts that experts estimate could reach 15 million barrels a day in all - about 15% of world production. Such a move would be unprecedented both in its size and the number of participating countries, many of whom have long been bitter rivals in the energy industry.The price of crude is down by over 50% since the start of the year and while that helps consumers and energy-hungry businesses, it is below the cost of production for many countries and companies. That has strained the budgets of oil-producing nations, many of which are developing economies, and it has pushed private companies in the U.S. toward bankruptcy.Analysts warn even these proposed cuts may not be enough to offset the loss in demand over the longer term, as the coronavirus pandemic has decimated demand for energy around the world.“COVID-19 is an unseen beast that seems to be impacting everything in its path,â€? OPEC Secretary-General Mohammed Barkindo said at the start of the meeting, according to a statement. “There is a grizzly shadow hanging over all of us. We do not want this shadow to envelope us. It will have a crushing and long-term impact on the entire industry.â€?One breakthrough came after Mexican President Andrés Manuel López Obrador said Friday that he agreed with the U.S. President Donald Trump that the U.S. will compensate what Mexico cannot add to the proposed cut during OPEC conversations.Mexico had balked at cutting its output by the requested 400,000 barrels a day. Obrador said Mexico will instead cut its oil production by 100,000 barrels per day from its current level of 1.7 million barrels a day. The U.S. will add a cut of 250,000 barrels per day to what it has already agreed.More nations were expected to add to the effort, with Saudi Arabia chairing a Group of 20 virtual meeting of energy ministers on Friday to discuss the oversupply in the market.The meeting is expected to bring onboard a wider number of countries, including the United States. Saudi media quoted Energy Minister Prince Abdulaziz bin Salman as saying in his opening remarks that the pandemic means it is more vital than ever that reliable and affordable energy supplies are available. The meeting also includes representatives of OPEC.The oil market was already oversupplied when Russia and OPEC failed to agree on output cuts in early March. Analysts say Russia refused to back even a moderate cut because it would have only served to help U.S. energy companies that were pumping at full capacity. Stalling would hurt American shale-oil producers and protect market share.Russia’s move enraged Saudi Arabia, which not only said it would not cut production on its own but said it would increase output instead and reduce its selling prices in what became effectively a global pricing war.In the time since, prices have collapsed as the coronavirus and the COVID-19 illness it causes have largely halted global travel. International benchmark Brent crude traded Friday over $31 a barrel while the U.S. benchmark West Texas crude traded under $23.In Russia relies on oil as the main source of income and the price collapse caused the ruble to crash. That boosted the cost of imports and sped up inflation.In his opening remarks at the start of Thursday’s call, Russian Energy Minister Alexander Novak emphasized the need for “all oil-producing countries to pool efforts to change the situation of a significant global oversupply.â€? He said global demand had fallen by 10-15 millions barrels a day.“We believe it necessary to increase the number of countries that could join efforts to help stabilize the situation,â€? he said, welcoming Norway, Canada, Indonesia and others that hadn’t been part of the so-called OPEC+ talks.Analysts, however, warn the proposed 10 million barrel per day cut for May and June will not be enough to offset plummeting demand for oil globally, and runs the risk of coming too late as storage capacity for oil nears its maximum. Even if North American producers took 5 million barrels a day off the market, there could still be an excess supply of 5-10 million barrels per day.Research firm Rystad Energy estimates the imbalance for April is 27.4 million barrels per day. The firm says global storage of crude is already close to being filled to the brim, estimating that on average 79% of the world’s oil storage capacity is already full. Around 7.4 billion barrels of crude and products are in storage, including 1.3 billion currently on board tankers at sea.Chris Midgley, global head of analytics for S&P Global Platts, said the proposed cuts are unlikely to have any significant impact on April supply, and thus run the risk of getting close to exhausting all available storage in May.However, a cut of 10-15 million barrels per day is enough to prop up oil prices and helps to reduce strain on crude storage facilities, analysts said.___Associated Press writers Daria Litvinova and Vladimir Isachenkov in Moscow, Cathy Bussewitz in New York, Aya Batrawy in Dubai and Christopher Sherman in Mexico City contributed to this report.

[leoneobull] 11/4/2020 05:47

https://www.telegraph.co.uk/business/2020/04/10/oil-powers-reach-global-pact-cut-production/

[leoneobull] 11/4/2020 05:36

Thanks for the compliment SBB. However, with respect, last week you only saw positive, now only negative? Stay safe and happy Easter fellow gamblers

[leoneobull] 11/4/2020 05:35

https://www.thetimes.co.uk/edition/business/opec-pushes-for-deal-to-reduce-oil-production-x2gwmcdqk

[neversatisfied] 10/4/2020 22:53

15 million bopd cut. Should help.