Tullow Oil Share Discussion Threads

[sbb1x] 20/4/2020 23:40

So ok, oil prices are plunging but the actual price of U.S. crude oil is around $22 a barrel (the June contract). The the May contract - the one trading around $1 - expires Tuesday and isn't actively traded.

[sbb1x] 20/4/2020 23:40

SAUDI ARABIA MULLS OIL CUTS AS SOON AS POSSIBLE - DJ

[sbb1x] 20/4/2020 23:33

Tomorrow is a buying day chaps.By all the deramping posts I'm not alone in wanting to buy more lol.So many more made up user names to argue to cause panic, fear and distraction.We know you are all looking to buy!

[misca2] 20/4/2020 21:30

Upcoming events on TULLOW OIL

APRIL/23/2020 Q1 2020 Sales and Revenue Release - Trading Update

APRIL/23/2020 | 12:00pm Annual General Meeting

i wonder who will be crowing at end of week

[mdw1] 20/4/2020 21:23

Well said Whites, puts it all in perspective.

In addition, the number of shale producers going bust will only increase leaving TLW who have hedged Brent at $57 in a much more favourable position.

[spacedust] 20/4/2020 21:17

Yes it's shameful and disgraceful.

Positive is they'll learn soon one would hope

Going on mute. Catch you tomorrow and try and ignore the foul language they exert to their families even at a time when so many people are dying in this dire situation

Stay safe all

[sentimentrules] 20/4/2020 21:16

Whites123 told me at 60p my short would burnnnn...i cashed that short out at 8pppppp

[whites123] 20/4/2020 21:11

If people understood contracts they would know that after Tuesday WTI is likely to jump to $20.

Something that’s never happened in the oil market is happening today: Negative prices for oil contracts.

While many people may see this and think the overall price of oil is negative, there’s nuance. The short answer is that no, not all oil is free.

The picture in the market is not as bleak as this eye-popping headline would suggest.


Futures contracts are tied to a specific delivery date. Toward the end of a contract’s expiration date, the price typically converges with the physical price of oil as the final buyers of these contracts are entities like refineries or airlines that are going to take actual physical delivery of the oil.

Futures contracts ultimately are contracts for physical delivery of the underlying commodity or security. While some people in the market speculate on the contracts, others are buying and selling because they have use for the commodity itself. Near the contract’s expiration, traders just start buying the next month’s futures contract. Those who stay in the position to the final day are typically buying the physical commodity, such as a refiner.

The West Texas Intermediate crude contract that fell more than 100% on Monday is for May delivery, and it expires Tuesday. With the coronavirus pandemic leading to unprecedented demand loss, and with storage tanks quickly filling up, there is no demand for this oil contract expiring Tuesday.

That’s why it turned negative, meaning producers would pay to get this oil off their hands because there is no one that needs that oil this week with the country shutdown.

Futures contracts trade by the month. The contract for June delivery traded 16% lower at $21.04 per barrel.

So after that contract expires on Tuesday, oil will be back above $20.


It does amaze me how some idiots link WTI to TLW when TLW trades Brent Crude.
And has majority of 2020 production hedged at > $57

Back to switching off I think....

[datait] 20/4/2020 21:09

Buy the dips

[spacedust] 20/4/2020 21:04

Whutes123 that's exactly the point I was trying to make. Tomorrow at 230pm eastern time the contracts for may ends hence today it took a battering.

Infact we could well see tullow.lose a percentage or 2 at the most. Chevron down a mere 4% tells us everything.

These kids on this board need lots of oil education ....theyll learn bit by bit I guess

[smartie6] 20/4/2020 21:01

Is that sweat heart. I bet she does.
Big fat girl.

[datait] 20/4/2020 21:00

watch and weep smartie watch and weep

[smartie6] 20/4/2020 20:59

I’m laughing my head off. What a deeeeeeeeek.
I bet at 12 he’s still sucking his mums teeeeeeeeeet.

[whites123] 20/4/2020 20:58

If people understood contracts they would know that after Tuesday WTI is likely to jump to $20.

Something that’s never happened in the oil market is happening today: Negative prices for oil contracts.

While many people may see this and think the overall price of oil is negative, there’s nuance. The short answer is that no, not all oil is free.

The picture in the market is not as bleak as this eye-popping headline would suggest.


Futures contracts are tied to a specific delivery date. Toward the end of a contract’s expiration date, the price typically converges with the physical price of oil as the final buyers of these contracts are entities like refineries or airlines that are going to take actual physical delivery of the oil.

Futures contracts ultimately are contracts for physical delivery of the underlying commodity or security. While some people in the market speculate on the contracts, others are buying and selling because they have use for the commodity itself. Near the contract’s expiration, traders just start buying the next month’s futures contract. Those who stay in the position to the final day are typically buying the physical commodity, such as a refiner.

The West Texas Intermediate crude contract that fell more than 100% on Monday is for May delivery, and it expires Tuesday. With the coronavirus pandemic leading to unprecedented demand loss, and with storage tanks quickly filling up, there is no demand for this oil contract expiring Tuesday.

That’s why it turned negative, meaning producers would pay to get this oil off their hands because there is no one that needs that oil this week with the country shutdown.

Futures contracts trade by the month. The contract for June delivery traded 16% lower at $21.04 per barrel.

So after that contract expires on Tuesday, oil will be back above $20.


It does amaze me how some idiots link WTI to TLW when TLW trades Brent Crude.
And has majority of 2020 production hedged at > $57

Back to switching off I think....

[smartie6] 20/4/2020 20:57

Lol.
I’m all cash you deeeeeeeeeek.
Get back to your mummy’s teeeeeeeeet.