Tullow Oil Share Discussion Threads

[bearnecessities] 21/4/2020 20:25

Got same numbers as you Space - the only thing that's hit $6 today was May's WTI price, which is old news tomorrow.

[spacedust] 21/4/2020 20:17

Brent is 19$
Wti 11$

Where are you getting 6$ from?

[heialex1] 21/4/2020 19:22

I think they will be smiling. They were previously stuck supporting a fundamentally over-supplied market and this intense (but probably not long term) pain might actually balance the market when thing "normalise" whenever that might be.

[whites123] 21/4/2020 19:22

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.

[waldron] 21/4/2020 19:02

Leoneobull
21 Apr '20 - 18:58 - 47019 of 47019
0 0 0

[leoneobull] 21/4/2020 18:58

https://oilprice.com/Energy/Energy-General/Why-Todays-300-Oil-Price-Crash-Isnt-As-Bad-As-It-Looks.html

[fund1] 21/4/2020 18:55

Got to get to weekend. Almost bought another 70000 shares on the bell as well. Phew

[leoneobull] 21/4/2020 18:54

When regime change comes and Mr Putin gets banged up....

[leoneobull] 21/4/2020 18:53

I wouldn't want to be out of this over the weekend.

[fund1] 21/4/2020 18:51

Absolutely madness down 64% today

[fund1] 21/4/2020 18:49

Wow $9 now

[leoneobull] 21/4/2020 18:48

I'd like to see a fly on wall video account showing the Saudi and Russian faces!!

[1crackupboom] 21/4/2020 17:29

Oil now 12 dollar. This oil contract could fall to 6 dollars. Happy days

[smartie6] 21/4/2020 17:25

Lol. Man you’re all living in a dream world.

[spacedust] 21/4/2020 17:19

The kids eating their Smarties where banging on about wti down down down from rooftops. Why are the same kids not doing it when wti is up over 100%?

[heialex1] 21/4/2020 17:13

I agree, but their reserves could sustain them for years, which is significantly longer than many shale operators, Canadian oil, deep water oil, etc....In terms of US protection, let's not forget that the relationship works both ways... the US isn't about to relinquish their main foothold in the region...The reality is that US production should probably settle around 10-11m bopd

[sbb1x] 21/4/2020 17:09

Ut looks interesting Shorters closing today....?

[sbb1x] 21/4/2020 17:08

Looks like too many dreamers were looking for 12p lol15p = 210m mkt cap20p = 280m mkt cap25p= 350m mkt cap30p = 420m mkt cap35p = 490m mkt capMake your own mind up chaps.

[smartie6] 21/4/2020 17:08

No, wait until tomorrow spaceman.

[spacedust] 21/4/2020 17:06

A little shares nosedived tòwards close but not tlw

[sbb1x] 21/4/2020 17:00

Lucky I've got more pie and mash to invest ain't it.Thursday update getting closer by the day, infact tomorrow is last day if you want to be in for the update hmmm 20s Thursday?

[f0rl0rn] 21/4/2020 16:42

Looks like you got back in little bit too early....:))