Tullow Oil Share Discussion Threads

[smartie6] 24/4/2020 07:09

Seriously guys watch trump last night. Your whole perception will change.

Very much a wake up call.

I was surprised that he didn't go on to say, put everyone who has it in the desert and nuke them.

[sux_2bu] 24/4/2020 07:07

Traffic not increasing.

hxxps://news.sky.com/story/coronavirus-this-is-how-lockdown-has-changed-the-uks-roads-11975623

[leoneobull] 24/4/2020 07:07

The Times this morning if i recall. One of quality dailies. Sorry no time to dig out article

[sbb1x] 24/4/2020 07:07

Good luck longs and shorts.Let the battle commence!

[smartie6] 24/4/2020 07:07

It's like this board has forgotten what's going on out there.

Anyone watch trump last night?

I'll summarise it for you, the sun and warm weather will kill off the Coronavirus unless it's hiding in the shade.

He also asked the doctors and chief scientists had anyone thought of shining high density UV lights at patients and after the poor bstrds had enough inject them with bleach. I really believe he's been replaced by a spitting image puppet.
People investing in the US economy haven't a chance when it all collapses.

[leoneobull] 24/4/2020 07:06

Where is Joseph? Which of his multiple aliases is in use today?

[sbb1x] 24/4/2020 07:05

Dad,You remember when you bought tlw at 8p and you sold for 25p.Son,Yes I remember I went and bought a load of salted popcorn to watch the retrace to 18p.Dad,What did you do then ?Son,I bought a shed load at 18p and and bought sweet popcorn and waited for the rise.Dad,What price you sell at ?Son,I sold at 26p.Dad,Why you not sell in the 30s?Son,Because all those hot shot traders beat me to sell and that bloody smartie /Sr appeard.Dad,What will you do now?Son,I've ordered a shed load of salted popcorn to watch from the side lines.

[replicas1967] 24/4/2020 07:04

Jack Daniels more than likely

[smartie6] 24/4/2020 07:03

You'll all be saying that smartie is a king amongst men.
All hail smartie. All hail smartie.

[sux_2bu] 24/4/2020 07:02

Have a peruse at this, makes interesting reading, bull or bear.



Oil: The Storm Before The Really Big Storm

[smartie6] 24/4/2020 07:01

Yes you'll all be crying today whilst smartie rejoices. The whole world economies are about to crash in the nex 2 weeks.

[leoneobull] 24/4/2020 07:01

UK traffic back up 10% already

[sux_2bu] 24/4/2020 07:00

It's not though, at the moment but yes, when it does - rocket time.

[replicas1967] 24/4/2020 06:58

Not as the world unlocks

[sux_2bu] 24/4/2020 06:57

No short pal. I just sold out on the spike.

There could be a perfect storm coming for oil again soon, imo.

[replicas1967] 24/4/2020 06:55

End month share price 40pence

[smartie6] 24/4/2020 06:54

Sux2, how much did you short yesterday?
I sometimes think that you’re better at shorting than me.

[replicas1967] 24/4/2020 06:53

I predict close share price today 29pence

[smartie6] 24/4/2020 06:53

What’s the saying, what goes up, must crash to nothing?

[sux_2bu] 24/4/2020 06:52

Up early SR?

[smartie6] 24/4/2020 06:51

Something tells me all of you pro tullow guys will be regretting the decision not to sell.
Back below 20p lol.
Only winner here are the shorts.

[leoneobull] 24/4/2020 05:55

"An agreement to sell Uganda for cash proceeds is very positive news for Tullow right now," Mark Wilson, an analyst at Jefferies, said in a note. "As a first step to the target of raising over $1 billion disposal proceeds, this deal is beyond what we believed possible."Tullow surged as much as 75% in London on Thursday, the biggest leap since the shares started trading in 1989. The stock was up 29% at 26.1 pence as of 8:52 a.m. local time, paring its loss this year to 59%.The company, which will sell its 33.3% stake and operatorship of the project, signed the agreement with Total late on Wednesday, Chairwoman Dorothy Thompson said in an interview.Total will pay $500 million in cash on deal completion and $75 million when a final investment decision on the project is taken, the companies said in separate statements. Tax issues have been ironed out with the Ugandan authorities, and both parties are hoping to wrap up the transaction in the second half of 2020.Debt PileTullow has been working to reduce its pile of net debt, which was $2.8 billion at the end of last year. It recently completed a redetermination of its reserve-based lending facility, leaving it with $700 million of undrawn facilities and free cash, and has cut its capital-spending forecast for 2020 twice.The sale to Total is the second big announcement this week for Tullow, which appointed a new chief executive officer on Tuesday. Rahul Dhir, founder and CEO of Delonex Energy, will start July 1. His predecessor Paul McDade and Tullow Exploration Director Angus McCoss quit in December after the company cut its production outlook and suspended the dividend.