Tullow Oil Share Discussion Threads

[jm65] 26/6/2020 16:44

Interesting 4500000 Buy in after hours trading?

[sarkasm] 26/6/2020 15:10

Two leading oil price reporting agencies launch new U.S. crude benchmarks to rival WTI
Published Fri, Jun 26 20208:09 AM EDTUpdated 2 hours ago
Sam Meredith
@smeredith19
Key Points

S&P Global Platts said its new benchmark for U.S. crude, called Platts American GulfCoast Select (AGS), would reflect the value of waterborne light sweet crude supplied from the Permian Basin in west Texas and New Mexico on major pipelines to the Gulf.
Argus’ new outright daily crude price assessment, Argus AGS, is also designed to reflect the growing importance of the U.S. Gulf Coast as a major export hub and to address ongoing market concerns about the landlocked WTI crude benchmark.
The agencies will use different methodologies for their new respective price assessments.

[astubbs67602] 26/6/2020 14:34

Why is this so sensitive at the moment ? The smallest change down in Brent & WTI we go - ive, it was less reflective a few months ago at $20!

[cool hand kev] 26/6/2020 10:28

I've just switched a few to TXP

[alfiex] 26/6/2020 09:10

Whatever price this opens at it always dips down, do the market makers expect that?

[cool hand kev] 26/6/2020 08:51

La, La, La Just Ignore the noise

[umitw] 26/6/2020 08:31

SO no virus worries today!You have to laugh, they ( crooks) made their money last 2 days!,LOL

[la forge] 26/6/2020 08:28

IS optimism placed at beginning of 2021 or 2021 end thereby being 18 months away

[leoneobull] 26/6/2020 07:40

Oil price.comYou have to laugh.Article stating misplaced optimism in oil market. Then a couple of paragraphs later, this:"The only justifiable optimism for oil markets at the moment is the optimism surrounding 2021 when we will likely see a monumental supply crunch. "So, less than 6 months away then? LOL

[boatman123] 26/6/2020 07:09

Sorry , forget that , just read the last rns ! Specsavers booked for today

[boatman123] 26/6/2020 06:49

Morning all , am thinking of buying into Tullow this morning , just wandering if anyone knows when the company is going to receive payment for the total / Uganda deal ? Many thanks and a good day to all

[mcsean2164] 25/6/2020 23:35

Interesting take on profitability in the permian.

[sbb1x] 25/6/2020 21:39

U.S. weekly jobless claims total 1.48 million, vs 1.35 million estimate https://t.co/3wjnTPpRcY

[thewealthofsocrates] 25/6/2020 17:43

CONCLUSION: MORE LAND OIL STORAGE TERMINALS REQUIRED.

[thewealthofsocrates] 25/6/2020 17:42

Negative on VLCCs though...
Why is this? C19 affecting shipping?


"Oil on water
West African crude, which makes up a decent share of oil on floating storage, has seen its storage volumes fall steadily this month.

Sources said stronger prompt demand along with a more volatile Dated Brent structure has encouraged many traders to sell the WAF crude that was being stored on tankers.

Energy research firm Kpler estimates that floating storage volumes were as high at 199 million barrels for the week beginning June 22, the largest ever volumes for crude on floating storage.

Some of the increase in storage is being attributed to the multitude of logistical bottlenecks afflicting ports the world over."