Tullow Oil Share Discussion Threads

[sbb1x] 23/4/2020 08:49

Volume 42m tells the story, shorters trying to close.

[azalea] 23/4/2020 08:49

Bird in the hand worth two in the bush.

[f0rl0rn] 23/4/2020 08:48

The sale of our Uganda assets is an excellent first step towards our target of raising over $1 billion of proceeds to reduce net debt, strengthen the balance sheet and secure a more conservative capital structure.

[whites123] 23/4/2020 08:48

Reduced debt.
Promise to reduce debt by more.

And... whats this.... Oil hedged at > $57 for 2020 and > $53 for 2021..

Last time oil was at $57 TLW was trading at 62p

So one could say ... where is the 62p now?
Then also factor in the asset sale...
Factor in the Uganda tax implications.
Factor in the new CEO
Factor in the promise of more sales to reduce debt.

Can anyone see the discrepancy?

Like I have said many a time... £1.00 all over it... Not today, maybe not tomorrow, but certainly its going to happen.

[smartie6] 23/4/2020 08:48

Fooooooooools.

[bookbroker] 23/4/2020 08:48

Cash is king, not debt!

[jungmana] 23/4/2020 08:48

Sold Uganda at a give away price and all the money going to reduce the huge debt pile.So anyone valuing this at 32p ( for the $575m sale) is totally mistaken

[bookbroker] 23/4/2020 08:47

Suckers rally!

[f0rl0rn] 23/4/2020 08:47

The Group's underlying operating costs remain less than $12/bbl, with Ghana operating costs at c.$9/bbl. With the benefit of the Group's hedging policy and production remaining on track within the Group's 70-80 kbopd guidance range, this results in a free cash flow breakeven oil price of c.$35/bbl for the rest of the year.

[datait] 23/4/2020 08:46

Not worth trading them too risky best holding as they will rocket in time.

[whites123] 23/4/2020 08:45

Reduced debt.
Promise to reduce debt by more.

And... whats this.... Oil hedged at > $57 for 2020 and > $53 for 2021..

Last time oil was at $57 TLW was trading at 62p

So one could say ... where is the 62p now?
Then also factor in the asset sale...
Factor in the Uganda tax implications.
Factor in the new CEO
Factor in the promise of more sales to reduce debt.

Can anyone see the discrepancy?

Like I have said many a time... £1.00 all over it... Not today, maybe not tomorrow, but certainly its going to happen.

[ham74] 23/4/2020 08:45

FT points out previous proposed deal would have taken years to get paid. This is nearly all cash up front - 500 million, extra 75 on FID, and a kind of long term royalty if oil gets back over 60 or 70 usd.

[smartie6] 23/4/2020 08:45

Nearly made more from a standing start than you girls have from a quick rise this morning. Now 30% up against my 22%. FFS easssssssy.
Don’t be conned, read between the lines. Also understand a fkn balance sheet.
Fearing I may have got out a little too early but never go against target price. Lol.

[badmashy] 23/4/2020 08:45

O no mate:-( , 26p holding well for now. I will consider buying back again at 24p ish. We will see if that happens

[f0rl0rn] 23/4/2020 08:44

Another opportunity for short increase

[datait] 23/4/2020 08:44

dreamer smartie hahaha

[sbb1x] 23/4/2020 08:44

Volume 40m in 40 minutes Shorters are trying to close and market mafia are helping them

[eodfire] 23/4/2020 08:44

Hopefully that's the day profit takers out of the way.

[ak62] 23/4/2020 08:43

35p paid this morning
already down 30% :-(

[costax1654x] 23/4/2020 08:42

And the debts at -200p per share:)))

[smartie6] 23/4/2020 08:42

Made 22% this morning. Lovely. Out in 5mins. Then back in later.
Fooooooooooooools

[f0rl0rn] 23/4/2020 08:41

The Group's underlying operating costs remain less than $12/bbl, with Ghana operating costs at c.$9/bbl. With the benefit of the Group's hedging policy and production remaining on track within the Group's 70-80 kbopd guidance range, this results in a free cash flow breakeven oil price of c.$35/bbl for the rest of the year.