Tullow Oil Share Discussion Threads

[uxbridgearms] 28/5/2020 23:58

Smartie, if you are shorting this it should scare you.

[sbb1x] 28/5/2020 23:37

Those tankers that left end of April /start of may now arriving in us.I stated this before, takes 30/35 days to ship.U.S. OIL IMPORTS FROM SAUDI RISE TO 1.59M B/D, MOST SINCE 2016Get our news in real-time: https://t.co/JlOKqd0Bkj

[geckotheglorious] 28/5/2020 18:59

Post 490058

You haven't lived in Africa or Asia then...

Plenty more corrupt that USA.

[smartie6] 28/5/2020 18:47

This share is too volatile for me. The way it moves between 24p and 25.5p, really scary stuff.

[kenbos] 28/5/2020 18:11

Thanks the wealth

[bonio10000] 28/5/2020 17:41

Brent moving up nicely.

Let's see if we can hit $37.

[thewealthofsocrates] 28/5/2020 17:35

No-one is more scary than the Americans if you are a vichy french colonialist.

[thewealthofsocrates] 28/5/2020 17:15

Demand picking up #oott

[volsung] 28/5/2020 17:08

No-one is more corrupt than the Americans lol

[thewealthofsocrates] 28/5/2020 17:08

KENBOS
Oil has been shorted because of oversupply and lack of demand icymi.
This stock has been shorted by a hedge fund in the Caymans.
Maybe connected to Unione Corse - who knows?
Best option for this company is to do a storage deal with the US.

[alfiex] 28/5/2020 16:54

It is as corrupt as the Russians for sure, controlled to death

[thewealthofsocrates] 28/5/2020 16:50

Are communists are invading this forum plugging Russian oil stock? Collusion.
We say nyeht to Putin lovers here.

[kenbos] 28/5/2020 16:38

I am thinking of buying a few of these the drop from 2 pounds plus to today's level seems unfounded have I missed something ? I understand the price of oil etc but it doesn't justify such a large drop any information I might have missed ?

[sbb1x] 28/5/2020 16:11

#EIACrude +7.928MMGasoline -0.724MMDistillates +5.494MMCushing -3.395MM#APICrude +8.731MMGasoline +1.120MMDistillates +6.907MMCushing -3.370MM#oil #Gas #OOTT

[sbb1x] 28/5/2020 16:08

#EIA week ending 22 MayCrude: 7.928MCushing: -3.395MGasoline: -0.724MDistillates: 5.494M#OOTT

[cool hand kev] 28/5/2020 14:52

Well Y isn't this following suit ? Do you mean this one

[thewealthofsocrates] 28/5/2020 14:25

US OTC Tullow stock has been taking off like a rocket btw. Wild swings. Looks like a deal is brewing...

[bearnecessities] 28/5/2020 12:51

On here as well as LSE I see. No-one is buying that junk lol.

[adrian j boris] 28/5/2020 11:08

Jamie Ashcroft

10:05 Thu 28 May 2020


Tullow Oil advances Uganda asset sale as CNOOC says pass to pre-emption

The transaction process continues, with tax procedures to come next.


Tullow Oil PLC (LON:TLW) told investors that China’s state oil firm has decided not to exercise pre-emption rights which would’ve seen it jump into the Uganda asset sale to Total, announced last month.

In April, Tullow announced a US$575mln transaction with Total, with Tullow due US$500mln of upfront cash upon completion.


China National Offshore Oil Company (CNOOC), a partner in the project, had the right to acquire 50% of the assets on equivalent terms but has chosen not to increase its stake.

Tullow added that it continues to expect the transaction to complete in the second half of 2020.

It added: “The transaction remains subject to a number of conditions, including approval by Tullow's shareholders, customary government and other approvals and the execution of a binding tax agreement with the Government of Uganda and the Uganda Revenue Authority that reflects the agreed tax principles previously announced.”

“Tullow will now look to progress the tax agreement following CNOOC's decision not to pre-empt.”

Proactiveinvestors

[cool hand kev] 28/5/2020 10:31

Which isn't within the current trading Range IMO

[smartie6] 28/5/2020 10:28

Depends. Just looking for 22p. That’s all.

[cool hand kev] 28/5/2020 10:24

smartie, So far, So good then :-)