Tullow Oil Share Discussion Threads

[waldron] 19/6/2020 07:42

European stocks set to edge higher as investors monitor coronavirus developments

Published Fri, Jun 19 20202:27 AM EDT

Elliot Smith
@ElliotSmithCNBC

Key Points

Investor focus will likely remain on a resurgence of coronavirus cases in some parts of the world, with four U.S. states reporting a spike in new cases and hospitalizations amid attempts to reopen their economies.

Germany’s Wirecard saw its shares plunge 60% on Thursday and will be in the spotlight again Friday, after auditor EY refused to sign off on its 2019 full-year accounts due to a missing $2.1 billion.

European markets are heading for a cautiously higher open Friday as investors monitor recent upticks in coronavirus cases in various countries.

Britain’s FTSE 100 is seen around 11 points higher at 6,235, Germany’s DAX is expected to open around 35 points higher at 12,317 and France’s CAC 40 is expected to edge around 11 points higher to 5,970, according to IG data.

[allseeingeye1] 19/6/2020 07:14

The circular also confirmed that production has remained on target and at a realized price of $52. Tullow is generating profit at the moment if this can last with the addition of the sale then things will be looking bright indeed. Oil strong this morning 36p finish ?

[mcsean2164] 19/6/2020 01:46

Predicted drop in us shale production in 2021

[mcsean2164] 19/6/2020 01:41

Considerable drop in OPEC production.

[koetser] 18/6/2020 22:29

JP Morgan is full of s""t

[allseeingeye1] 18/6/2020 21:53

JP Morgan sees oil at $190

[thommie] 18/6/2020 19:42

If anyone already read the circular final document regarding the uganda sale let me know. I just did the first 70 pages of 261 , the rest is over details of the development of the uganda assets which were no longer interesting for me.

I got out 3 things that are interesting for everyone that doesnt want to spend time at reading...

1) if shareholders dont accept the uganda deal it could be, that of tullow wont be able to finance the development at it's share it will lose interest and wont get anything out of it. Every other 3rd party that wants to buy it would need the ok from total, cnooc and uganda. Plus the agreed tax payment wont be in place anymore. If this should happen tullow says at their worst case scenario of brent price for 2020 at 25$, 2021 at 35$ and 2022 at 45$ they could go bancrupt. If it is accepted they get their 2020 Investments in uganda back from total as well. Plus contingent payment of 28,5% interest rate at 1,25% of anual profit when brent is anually averaging more than 62$ and 2,5% if it avg more then 70$ as long as they are producing in uganda.

2) realised brent price in the first 5 months of 2020 is 52$! Including 111mio$ in derivative securities they used. Avg brent price in march Was 35,april 27 and May I forgot...

3) The ntomme well 09 wont come online in late june as planned because of delays in completing the well, it's forecast to come online in august now. But as the other assets overperformed the forecast stays in place.

Someone got anything more out of it?

[waldron] 18/6/2020 17:30

Brent Crude Oil NYMEX 41.46 +2.27%
Gasoline NYMEX 1.24 +1.93%
Natural Gas NYMEX 1.74 +0.81%
WTI 38.756 USD +3.60%


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Dow Jones
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Eni
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Total
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Engie
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Orange
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Bp
314.85 -0.60%

Vodafone
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Royal Dutch Shell A
1,361.8 +0.06%



Royal Dutch Shell B
1,303.6 -0.02%


TULLOW OIL
Price (GBX)32.90 -3.24%

[sbb1x] 18/6/2020 17:27

He does LOL

[suffolkjim] 18/6/2020 17:23

gbh2, you seem to start all your comments with LOL. You must be a very jolly person

[atlantic57] 18/6/2020 17:07

ok bear thanks

[dbensimon] 18/6/2020 16:53

Surprised the share price closed negative as oil price is up over 2%.

[sbb1x] 18/6/2020 16:42

Citadel increased there short on Tuesday

[volsung] 18/6/2020 16:23

It is 14 years later unless I missed a couple of years

[gbh2] 18/6/2020 16:23

LOL, remembering we're on a thread where we read each day the the share price is about to double, do you want to rescind that comment ;)

[dexdringle] 18/6/2020 16:17

This thread commenced in 2006 when the share price was circa £3 a share and is titled "Tullow Oil - Poised for Takeover". Given that it is now 14 years later, for how long realistically can a situation remain 'poised'?

Edited to 14 years not 16. NOT THAT THAT MAKES A SIGNIFICANT DIFFERENCE TO THE THRUST OF MY POST OF COURSE....

[bearnecessities] 18/6/2020 16:06

Atlantic, Kenya is another asset sale the company has planned. We are due an update on the outcome of any negotiations they've had or whether they in fact have a buyer lined up.This is, in addition to selling Uganda, is to mainly reduce overall debt in region of 1 billion, which puts us in a far better position. Uganda and Kenya have been nothing but trouble so the sooner they're both finalised the better as far as I'm concerned.We still have hot property in Guyana and Suriname.

[thewealthofsocrates] 18/6/2020 15:55

HEDGE INSURANCE POLICY: SBRT if you think brent is going to be shorted.
finance.yahoo.com/news/brent-crude-falls-u-crude-075523315.html

[umitw] 18/6/2020 15:09

Trading range 32-34p until some sort of good news! Same thing again like 23-26p..'

[atlantic57] 18/6/2020 14:52

Motley Fool is a very poor source in my view.Articles lack depth and any detailed analysis .

Bear I understand the=position on Uganda but what are you expecting on Kenya.

Thanks

[bearnecessities] 18/6/2020 14:40

Sentiment is waning across the board, not just Tullow. Lots of red about today and probably tomorrow looking at the futures.

[sbb1x] 18/6/2020 14:03

Needs to drop below 30p to get some real buying momentum!