Tullow Oil Share Discussion Threads

[smartie6] 22/4/2020 08:19

Could be in admin by Monday?

[whites123] 22/4/2020 08:18

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.


£1.00 by year end with absolute ease...

[datait] 22/4/2020 08:15

Going blue folks.

[sbb1x] 22/4/2020 08:14

Had highs Hope's of buying 500000@12p today and selling them for 29p next month. Disappointing from you again smartie, right back to bed.

[datait] 22/4/2020 08:12

fill your boots and big knickers

[whites123] 22/4/2020 08:03

Highly Geared.... And how much oil does TLW send to the USA????
Dreary Me, Dreary Dreary me...


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.

[highly geared] 22/4/2020 08:00

...the issue being you can hedge all you like but if you have to significantly reduce or shut in production because demand has fallen off a cliff..

[highly geared] 22/4/2020 07:57

If oil storage across the world is ‘full’, how do you continue to produce? Do you have to cease production until storage becomes available?

[whites123] 22/4/2020 07:45

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.

[smartie6] 22/4/2020 07:39

Short term it could even go bust couldn't it? FFS.

[ammu12] 22/4/2020 07:38

This is a strong company and will bounce back harder at some point....Short term there could be weakness

[azalea] 22/4/2020 07:31

With Brent crude oil falling to below $17 a barrel, storage facilities, onshore and afloat, full to the brim and analysts pessimistic about June & July contracts, P.O.O. is going nowhere of significance for some time to come.

[sbb1x] 22/4/2020 07:29

U.S. OIL RIGS fell another -66 to 438 last week, the fastest decline since Mar 2015, and are now down by -245 (-36%) over the last five weeks: https://t.co/wJUP3U2Kwy

[smartie6] 22/4/2020 06:16

A lot on here hope you’re right, sorry, pray that you’re right.
Guess we’ll see what the future holds over the next 5days.
Not going to be much fun if this loses half over the next 3days.
My 12p looks ascertained now doesn’t it?

[leoneobull] 22/4/2020 05:51

Https://oilprice.com/Energy/Oil-Prices/0-Oil-Forces-Canada-To-Shut-Down-Crude-Production.htmlUS and Canadian production to shut in. OPEC cuts to be complemented by huge "voluntary " production cuts through forces shut ins , US Canada. Tlw can ride this out. 60% production 57 USD

[smartie6] 22/4/2020 05:35

It's overdone. WTF. Take your head out of the sand Leon.
Wait, weren't you one of those rejoicing at a very minor cut a week ago? Have you also seen June futures, looking like free fall?
Hold on to your tin hats, well that's one saying, another would be where the hell is that nuclear bunker?

[leoneobull] 22/4/2020 05:23

16.21 usd brent. Tin hats. It's overdone...there will be a slow pick up in demand

[smartie6] 22/4/2020 05:23

Sheeeeeet, not fun for you guys today and tomorrow. Could hardly be worse. That statement going to be a game changer. I can't see anything but negative now, could this be in admin by start of next week?
Please DYOR, but for me I see disaster looming.
One or two of you on here deserve it but in general the rest don't.

[spacedust] 21/4/2020 22:27

It's almost 20$

[smartie6] 21/4/2020 22:15

Ha ha ha ha.
LMAO.

[spacedust] 21/4/2020 21:28

Brent will finish 20

[1crackupboom] 21/4/2020 21:24

Us cfd his 7 dollar. Madness