Tullow Oil Share Discussion Threads

[koetser] 06/6/2020 16:38

Basics I think here.

oil at under $35 Tullow has issues

oil above $35 the value increases exponentially but must reduce debt to more managable levels.

[bearnecessities] 06/6/2020 16:16

https://invst.ly/r1g9xAbove link taken from an LSE poster.Lovely chart forming and gives an indication of where we are potentially heading.

[ifthecapfits] 06/6/2020 15:43

Err no - Guyana - the hottest property in the world at the moment.

[j0sekl] 06/6/2020 15:36

Given Tullow has little current exploration upside and a wad of debt, all a takeover bid would consider is a present value discount of field production.

[allseeingeye1] 06/6/2020 15:02

Tullow as a takeover target ?

At the current time, Tullow is poised as a magnificent takeover target, the share price is massively undervaluing the company. Oil price is going to keep rising as demand and production cuts hit at the same time. aviation is also starting back up. Tullow has reached all its in production goals and has even sold some of its assets. We are not going bust but much the other way, next week will be the short squeeze weeks and this will be 70p. Takeover target price of £1.20 IMO, big boys are after assets now especially as the price has risen so much

[bearnecessities] 06/6/2020 14:45

No problem, mate. All the best and GL.

[sbb1x] 06/6/2020 14:25

Algeria's oil minister praised the efforts of Saudi Arabia, UAE, Kuwait and Oman for offering voluntary additional cuts for the month of June amounting to a total of 1.2 million bpd #OOTT #opec

[subsurface] 06/6/2020 14:18

OPEC+ has agreed on a one-month extension of record output cuts, intended to further support the oil-price recovery.

[atlantic57] 06/6/2020 14:18

Bear and Koetsa thank you for your helpful
Posts.i will check out the detail

[bearnecessities] 06/6/2020 13:40

For those new here or looking to invest:https://www.tullowoil.com/investors/results-reports-and-presentations/Click on the latest presentation dated 28/04 for info on what the company has planned going forward.Also look at the Business Update RNS issued on 03/04/20 which has more detailed data on the RBL etc.

[koetser] 06/6/2020 13:31

$35 dollars is to produce free cash flow which means cover production costs, finance costs and ongoing capex costs of future projects etc. Production costs are very low for Tullow sites in Africa.

Pressure to pay finance is due to the hefty cost of them

Maybe someone more in the know can break this down a bit more

[bigbigdave] 06/6/2020 13:31

IGSquawk
@IGSquawk
OPEC+ MEMBERS AGREE TO DEAL: DELEGATES - Bbg

[atlantic57] 06/6/2020 13:15

Has anyone Done any calculations on what difference rising oil prices will make to Tlw.
Someone has posted that they need 35 Dollars to cover production costs.

Also what Pressure is there to repay or refinance loans in terms of dates.

Do any posters consider a placing as being possible.?

[koetser] 06/6/2020 12:41

NAV_Mike,

Thanks. Guess that means the share price should start higher on Monday.

BearNecssities,

Well Put. The main point as you put that due to hedges, Tullow has free cash flow from $35 for Brent. And with sale of assets should bring overall debt down. Only issues is getting the sale of Uganda asset through tax authorities and sale of Kenya asset. Then this should rocket IMHO

[7rademark] 06/6/2020 11:13

A return to the 52 week high of 251p from Fridays close of 30p would return a profit of 736%Tlw has to be one of hardest hit plays on the market.

[nav_mike] 06/6/2020 11:05

koetser

In the closing auction, market participants place buy and sell orders, some at specific prices, some at "market price"

The UT trade is executed at the price at which most buyers and sellers can be matched off

Hence the UT trade is not placed by any one participant, its an automated mechanism of the SETS system itself

[bearnecessities] 06/6/2020 10:56

A few people bringing up the 'bust' subject, and are so off the mark here it's a bit tiring tbh. This isn't going bust anytime soon.People who are aware of the RNSs, RBL, portfolio management, reduced capex, hedges in place, restructuring, new CEO with financial nouse and vast African oil experience coming on board next month etc etc....(the list goes on), know all this.This was priced to go bust at the 7p range. Please stick to the facts here.Oil where is is right now, Tullow is profitable as their break even is currently $35.This is an excellent recovery stock that is going to survive and thrive, and is still undervalued at current levels. We should be in the 35-40p range as it is.Lots of positive news on the way, finalization of the Uganda asset sale, news of Kenya asset sale amongst other things.Strong buy and hold for me with a short to medium term minimum target of £1.GL all invested.

[koetser] 06/6/2020 10:33

05-Jun-20 16:35:00 30.39 1,480,409 Buy* 29.90 29.98 449.90k UT

what exactly is an uncrossing trade and who places it please?

[cool hand kev] 06/6/2020 10:26

What time ⌚ is the OPEC Meeting please

[john09] 06/6/2020 09:52

Expect +5p easy on Monday maybe +10p

[gibbs1] 06/6/2020 08:52

Looks like its got to breach the 32.59p before it can gap up

[gibbs1] 06/6/2020 08:48

FROM STOXLINE FWIW


Targets Six months: 41.46 One year: 48.43

[oakville] 06/6/2020 08:45

Kicking myself for not putting Mars profits in here. One hell of a drop from a year ago. What targets do you all have?