Tullow Oil Share Discussion Threads

[sif12] 03/6/2020 15:07

leonebull.. its a good point..if they keep the production cut going to September and remember those cuts are based on rebalancing supply and demand..there could be a shortage of oil which will squeeze it upwards rapidly.

[sbb1x] 03/6/2020 15:06

Taken a few

[leoneobull] 03/6/2020 15:00

I wouldn't sell a single share here. Brent recovering...cv19 cases rapidly going down in Europe...opening up, supply down, demand up. TLw asset sales, shorters have to close...

[sif12] 03/6/2020 12:53

OPEc meeting not likely to happen tomorrow now.. but its scheduled for 10th june.. Saudis trying to apply pressure to those not abiding by cuts.. but no way they can afford for PO to go down..

In fact if the Nigerians and Irqais actually pull their weight, with the maintenance of current cuts.. PO should move above $40

[spirito] 03/6/2020 12:00

Hardly a collapse

[bonio10000] 03/6/2020 11:07

What a dog.

[ammu12] 03/6/2020 11:05

Brent collapsing

[ammu12] 03/6/2020 11:01

Dropped this again....Maybe will take this down to 25p

[waldron] 03/6/2020 10:28

Oil prices hit 3-month highs on expectations OPEC+ will extend deepest-ever production cuts

Published Wed, Jun 3 20204:10 AM EDT

Sam Meredith
@smeredith19

Key Points

In April, OPEC+ agreed to cut oil production by a record 9.7 million barrels per day (b/d), approximately 10% of global output.

The production cuts began on May 1 and are set to run through to the end of June.

Analysts at research firm Eurasia Group believe the upcoming OPEC+ meeting will “probably̶1; see the energy alliance agree to extend the commitment to reduce oil production by 9.7 million b/d from July to September.

[umitw] 03/6/2020 10:00

When it hits 30p , I will believe it. We have been on this level before!

[bearnecessities] 03/6/2020 09:49

Great volume so far and not even 10am :)

[ammu12] 03/6/2020 09:35

There you go....33p all over this

[sif12] 03/6/2020 09:28

took a small position, mainly on the basis of OPEc agreeing to continued reduced production

The Saudis have to.. they completely 5ucked themselves... economy is screwed. they had all these cost reduction/ transformation programmess, which have to be halted because of COVID.. so theyre stuck.. as are the Russians.

PO between $40-$50.. does really well for Tullow with 60% this and 40% next year hedges. I make their break even around $42 without hedges.. so if theres any spike above $50.. imagine theyll take a few more hedge out.

[ammu12] 03/6/2020 09:20

Massively undervalued

[cool hand kev] 03/6/2020 09:18

why sell now when the share price is going higher

[ammu12] 03/6/2020 09:16

About time

[smartie6] 03/6/2020 09:03

Thought it was time to give you some of that Smartie luck.

[umitw] 03/6/2020 09:02

People bought in @22 p are selling now. They are in profit!

[dickiebird2] 03/6/2020 09:00

Going to blow !!

[bearnecessities] 03/6/2020 08:58

26p gone....now then

[gbh2] 03/6/2020 08:48

No reason to suspect it'll break through 27p with ease, it was stuck there for ages before it sank to current lows.

[smartie6] 03/6/2020 08:44

Now on the side of the good.

[ammu12] 03/6/2020 08:41

Once 26 breaches next stop 33

[bearnecessities] 03/6/2020 08:39

There's resistance in the chart at 26p. Hopefully that'll be breached today and see where we end up.