Tullow Oil Share Discussion Threads

[sbb1x] 21/4/2020 16:34

10,000 - 15000 saudi royal family members that must be expensive?They are burning though the fx reserves at alarming rate.They have had American protection since 1945 when agreements were made between us and Saudi, those agreements could get chucked in the bin if they dont cut harder and faster

[whites123] 21/4/2020 16:30

Tullow Update:

As outlined at Tullow's Full Year Results, the impact of reduced oil prices is mitigated by the Group's robust hedging strategy. Tullow has 60% of its 2020 sales revenue hedged with a floor of c.$57/bbl and 40% of 2021 sales revenue hedged with a floor of c.$53/bbl. Tullow's realised oil price in January and February 2020 was c.$62/bbl and following the recent price drop, hedging receipts of c.$30 million are forecast for March 2020.

[heialex1] 21/4/2020 16:28

SA can weather these prices longer than many others...

[sbb1x] 21/4/2020 16:22

OPEC DELEGATES SET TO DISCUSS OIL-MARKET CRISIS IN CONFERENCE CALL TUESDAY--SOURCES

[watfordhornet] 21/4/2020 16:18

Shortly after it was 8p I guess

[sbb1x] 21/4/2020 16:15

The 2020 oil price crash could bring down Saudi Arabia, just as the 1986 crash toppled the USSR - the world would be a safer place. https://t.co/3MOJhH9oevSaudi Arabia has a massive problem not just a trump problem now Expect opec to turn the taps off now

[cool hand kev] 21/4/2020 16:14

When did it hit 12p?

[sbb1x] 21/4/2020 16:14

DJ - OPEC DEBATES POSSIBLE MAY 10 MEETING TO DISCUSS DEEPER PRODUCTION CUTS@redboxwireMeeting coming chaps

[spacedust] 21/4/2020 16:09

Well done on 12p to 26p that's a solid return. Did you buy back in?

[spacedust] 21/4/2020 16:08

I used to ha e Smarties during my teatime. It always came out of my backside .......everytime without fail.

Take care kids

[smartie6] 21/4/2020 16:06

12p from 26p wasn’t a bad call. Only have 3.5p to go you space muppet.

[spacedust] 21/4/2020 15:55

I think the kids touting 1p 4p 12p feel a bit thick. Wti was down 300% but now up over 100%.

I did say today about 16p then rise towards 17p.

Kids a lesson learnt. They probably sold at a loss and went into something that's blue today.

Barron bad news on Thursday we should end the week flat or a little higher....but all depends on Thursday.

[smartie6] 21/4/2020 15:52

It’s like watching paint dry.

[sbb1x] 21/4/2020 15:40

Volume Pmo 29mTlw 39mEzx8time for shorters to close

[sbb1x] 21/4/2020 15:31

Last week it was a trump problem. Now its Putin and rag heads problem, expect another meeting with massive cuts

[sbb1x] 21/4/2020 15:29

Well done whites!Every negative post drown it out.

[sux_2bu] 21/4/2020 14:50

60p in a few month time.

[bootycall] 21/4/2020 14:21

Well done whites123. I know why your doing this. It negates the noise of the shorters who want to wear the nervous investor down. The crash in the price will take the marginal producer out of the market. Brent may go down to the teens in the next quarter. If so, i am confident it will trade at $50 next year. All we have to do is sell forward at the end of the year and Tullow will outperform. Difficult weeks ahead but the shorters will know the “bottom” is in, within a short time?....then the fun begins.

[whites123] 21/4/2020 13:16

Tullow Update:

As outlined at Tullow's Full Year Results, the impact of reduced oil prices is mitigated by the Group's robust hedging strategy. Tullow has 60% of its 2020 sales revenue hedged with a floor of c.$57/bbl and 40% of 2021 sales revenue hedged with a floor of c.$53/bbl. Tullow's realised oil price in January and February 2020 was c.$62/bbl and following the recent price drop, hedging receipts of c.$30 million are forecast for March 2020.

[whites123] 21/4/2020 13:15

Tullow Update:

As outlined at Tullow's Full Year Results, the impact of reduced oil prices is mitigated by the Group's robust hedging strategy. Tullow has 60% of its 2020 sales revenue hedged with a floor of c.$57/bbl and 40% of 2021 sales revenue hedged with a floor of c.$53/bbl. Tullow's realised oil price in January and February 2020 was c.$62/bbl and following the recent price drop, hedging receipts of c.$30 million are forecast for March 2020.

[eodfire] 21/4/2020 12:48

What's happens after every crash?

[cool hand kev] 21/4/2020 12:27

For the record

[volsung] 21/4/2020 12:24

Sold.. to the girl with the bouncing boobies

[subsurface] 21/4/2020 12:20

Thanks for taking the time Whites good luck and stay safe!