Tullow Oil Share Discussion Threads

[leoneobull] 05/6/2020 07:10

gecko. When you say we voted leave, if you exclude the over 70s, we voted Remain.....so is this the royal "we"???

[oakville] 05/6/2020 05:05

Investing in oil stocks is popular among thick-skinned investors, but it comes with unpredictability. FTSE All-Share members Tullow Oil (LSE:TLW) and Premier Oil (LSE:PMO) are enduring a tough year as depressed oil prices compound their debt problems and suppress their share prices. The rumour mill has been rife with takeover talk and speculation about their possible demise. So, what is the latest outlook for these two oil stocks?

Tullow share price challenges
The Tullow Oil share price took a 30% tumble then 70% crash late last year when the company announced a string of production cuts. Free cash flow numbers were slashed, and the CEO resigned. This year, the pandemic piled further pressure on the oil industry and plummeting oil prices have not helped. Tullow suspended its dividend in early March, which pushed its share price to its lowest point this year.


Tullow Oil has an 85% debt ratio and negative earnings per share. So, is there hope for the African oil producer? While some oil stock shareholders are sitting on significant losses, the future is now looking more favorable. Tullow is focused on reducing its debt, with a $1bn fundraising plan in place. In April, it sold its Ugandan project to Total for $575m. Then in May, it declared force majeure on its main licences in Kenya. This gave it an opportunity to resolve tax issues it is facing in the country.

[leoneobull] 04/6/2020 17:40

Boris has been in touch with the illuminati and decided to welcome Europeans back to the UK. What a dip stick.

[sbb1x] 04/6/2020 11:23

How is this not in the 30s.

[xxnjr] 04/6/2020 11:21

Well done S6! Further progress kind of depends on the OP. But also getting an asset sale, or two, over the line. The trouble is asset sales in Africa or South America can get snarled up in tax disputes, or political grandstanding by the local thugs; i.e their nations esteemed political movers and shakers. Until TLW actually get a deal over the line, in the sense the cash has arrived in their bank account then the going will probably remain challenging.

[gbh2] 04/6/2020 10:53

26p was 27p a month ago, 26p not much of an achievement imo.

[cool hand kev] 04/6/2020 10:48

26p is a Stubborn barrier to break :-(

[smartie6] 04/6/2020 07:04

Well I was holding for at least 3hours yesterday before selling with a small profit, and when I say small I mean less than £200.
Just doesn’t sit well with me. Negative thoughts outweighing positive ones, I guess when you’ve felt that a company is bust for so long it’s hard to change your point of view, especially with no facts to the contrary.

[leoneobull] 04/6/2020 06:19

Very important article in FT about Chesapeake 's likely bankruptcy and the decline of shale....https://www.ft.com/content/bf230420-a570-4fcb-a2cf-3c38b5429b6fWill TLW walk away as a winner, once US production collapses even further???

[bearnecessities] 03/6/2020 19:46

Some big buys off-book after close. Bodes well for tomorrow. Oil also back above $40 as I type.

[oakville] 03/6/2020 18:36

30p on the radar this week.

[waldron] 03/6/2020 17:28

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Vodafone
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Royal Dutch Shell A
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Royal Dutch Shell B
1,342 +4.44%


TULLOW OIL (TLW) 26.25 GBX +6.79%

[sbb1x] 03/6/2020 16:44

Citadel poked there head just above the declared short threshold on the 2and June.

[sbb1x] 03/6/2020 16:25

40p target at current oil.

[kulvinder] 03/6/2020 16:14

Will keep 26p on close, that will be a win I think if it does.

[spirito] 03/6/2020 16:13

close above 26 would be nice

[sif12] 03/6/2020 15:49

umitw, thats a fair point, but id say its still linked on the basis that PIs will buy, just that the performance is muted due to the shorts.

I see about 8% short on share tracker.. though its probably a few % higher due to the under 0.5% holdings.

AML once it had a couple of decent pieces of news pushed through in-spite of shorts, at which they close and it goes up a bit faster.

I think if TLW gets passed 30p itll get some shorters to close which will help with the next leg up

[cool hand kev] 03/6/2020 15:46

With the recovering POO when do we expect shorters to close their positions?
I assume on the News of asset sales

[umitw] 03/6/2020 15:30

I have a notion that TLW share price isn't linked to oil price movements at this precise moment. Shorters were expecting the company to go bust and they did their very best to keep the price under control.