Tullow Oil Share Discussion Threads

[spirito] 13/4/2020 12:15

Spain easing lockdown restrictions

[whites123] 13/4/2020 12:13

Thank You.

Heartfelt Thanks to the many self proclaimed experts here.
The ones who have advised us and are still advising us.
Thanks for taking the time out of your days when you have been formulating the plans and advising the Russians, Saudis, Canadians, Norwegians etc etc etc..
It is really heartwarming that you can spare the time to relay to us that "If we had followed your lead we would be in the money".
So nice to now tell us this historic deal is faltered, because "Can the Russians be trusted".
So nice of you to also be Viral experts and tell us what will happen to the world economy.

Lets cut through all your expert knowledge..

The world economy is holding up very very well.
There is NOTHING to compare this pandemic to and charts from totally irrelevant times and causes do not mean todays current collapse will follow suit.
Manufacturing has continued (Critical) and every single amenity has coped well.
We still have gas, electric, heating, water, fuel.

Manufacturing is now like a ticking time bomb... Because of government intervention the unemployed and businesses that will falter will be deemed "Non critical", however there is also strong support for them. When the crisis is over there is going to be a boom like never witnessed before.

As for oil.... Guess what predictors of doom.... Once storage facilities are filled thats it... Its a finite situation whereby Oil producers can not just keep on..
The Saudis know this, the Russians know this and essentially every sane person knows this.

TLW has majority of 2020 production hedged at >$57.... :-)
TLW are safe from any further crisis.
TLW will boom, as the value attributed is far less than the sum of parts.

Is it really important what the price does tomorrow? Not really..
But for the "In out in out shake it all about" gamblers...
And the truth is, the price of oil is not really a massively huge concern for the survival of TLW until at least Mid 2021..

Lot of people are going to get very rich by investing in TLW..

[turvart] 13/4/2020 11:50

What you on about DB? I'm long on TLW at 27.5p

[cool hand kev] 13/4/2020 11:35

And then there we be an oil 🛢 price spike sending TLW share price to £2.50 IMO fill Ya boots 👢 Tomorrow

[spirito] 13/4/2020 11:28

By the end of the year there wont be enough oil due to the lack of investment due to Covid.

[oiltrader1] 13/4/2020 10:51

Wow what a weekend, now that OPEC has done a deal it will put a floor in Tullows share price, there will be a flurry to get in here at such a low price. Many people were betting on a failed deal which would of sent this share price back to 15-20p, the real reason for the rise was due to the fact Tullow is not going bust anytime soon.

This will be going up come next week, and will target 35-40p. We are hedged until 2021 so as long as the oil price isn’t tanking this share and oil shares are now buying opportunities for medium to long term holds.

[waldron] 13/4/2020 08:35

Dow futures slide more than 300 points as investors weigh coronavirus and oil outlook
Published Sun, Apr 12 20206:02 PM EDTUpdated an hour ago
Fred Imbert
@foimbert
Key Points

Sunday’s moves come after the U.S. stock market enjoyed one of its best weeks ever.
Confirmed cases in the U.S. now total nearly 550,000, more than any other country in the world, according to Johns Hopkins University.

GP: Coronavirus, US, New York NYSE 200323
A man wearing a face mask takes a selfie at the Charging Bull statue on March 23, 2020 near the New Stock Exchange in New York City.
Angela Weiss | AFP | Getty Images

U.S. stock futures were lower on Monday morning after OPEC and other oil-producing countries reached a deal on a massive production cut, even as investors continued to digest the impact of the coronavirus.

Dow Jones Industrial Average futures traded 339 points lower, pointing to a opening drop on Monday of around 331 points. S&P 500 and Nasdaq 100 futures also pointed to Monday opening declines for the two indexes.

[spec7] 13/4/2020 07:57

do not click the above....

[ammu12] 13/4/2020 06:33

Good news for oilies....All oilies should do well on Tuesday...

[leoneobull] 13/4/2020 06:13

https://www.thetimes.co.uk/edition/business/biggest-oil-production-cuts-in-history-d7s6nf9cp

[leoneobull] 13/4/2020 05:57

Opec producers and allies have agreed a record oil deal that will slash global output by about 10% after a slump in demand caused by coronavirus lockdowns.The deal, agreed on Sunday via video conference, is the largest cut in oil production ever to have been agreed.Opec+, made up of oil producers and allies including Russia, announced plans for the deal on 9 April, but Mexico resisted the cuts.Opec has yet to announce the deal, but individual nations have confirmed it.The only detail to have been confirmed so far is that 9.7 million barrels per day will be cut by Opec oil producers and allies.On Monday in Asia, oil rose over $1 a barrel in early trading with global benchmark Brent up 3.9% to $32.71 a barrel and US grade West Texas Intermediate up 6.1% to $24.15 a barrel. Shares in Australia jumped 3.46% led by energy exporters, but Japan's Nikkei 225 fell 1.35% on continued concerns of poor global demand because of the spread of the coronavirus."This is an unprecedented agreement because it's not just between Opec and Opec+... but also the largest supplier in the world which is the US as well as other G-20 countries which have agreed to support the agreement both in reducing production and also in using up some of the surface supply by putting it into storage," Sandy Fielden, director of Oil Research at research firm Morningstar, told the BBC.US President Donald Trump and Kuwait's energy minister Dr Khaled Ali Mohammed al-Fadhel tweeted the news, while Saudi Arabia's energy ministry and Russia's state news agency Tass both separately confirmed the deal on Sunday.

[sbb1x] 13/4/2020 03:29

Brent is up a whopping 1$ /80 pence a barrel from Thursday 4.30pm close.

[the canadian mounted] 13/4/2020 02:52

Looking rosy in the oil garden for tlw
Nevermind short suckers,there’s always barber college 😆😆😆

[sbb1x] 13/4/2020 02:35

UK FINANCE MINISTER SUNAK TELLS COLLEAGUES GDP MAY FALL BY UP TO 30% BETWEEN APRIL & JUNE; CABINET COLLEAGUES CALL FOR EASE OF RESTRICTIONS-THE TIMES

[joeyboy1] 13/4/2020 01:52

Oil prices flying up now... wahoooo!!!

[wildsheroo] 13/4/2020 00:45

No fireworks for oil prices, TLW might open in red come Tuesday!