Tullow Oil Share Discussion Threads

[ammu12] 06/8/2021 12:31

Yeah but poor TEN production and low hedging for 2021

[powereddrones] 06/8/2021 12:14

This will pass 50p soon (probably).

It is £1.39/L unleaded 4* at the local pumps - inflation creep week by week. Boiling frog syndrome.

[waldron] 06/8/2021 07:15

European stocks set for muted open as investors track earnings, Covid-19 and economic data

Published Fri, Aug 6 20211:54 AM EDT

Elliot Smith
@ElliotSmithCNBC


Key Points

Earnings remain in focus in Europe, with the world’s largest shipping firm Maersk reporting Friday, along with Allianz, Vonovia and the London Stock Exchange.

The closely-watched U.S. nonfarm payrolls report for July is due at 1:30 p.m. London time.

LONDON — European markets are set for a cautious open as investors monitor a fresh round of corporate earnings and the global spread of the delta Covid-19 variant.

Britain’s FTSE 100 is seen just 2 points lower at 7,118, Germany’s DAX is set to open around 13 points higher at 15,757 and France’s CAC 40 is expected to slip by around 4 points to 6,777, according to IG data.

[fizzmiss] 05/8/2021 20:13

Yep shorts down but still manipulated lower, should be around 75p with the amount of shorts closed.

Question is;;;;;; how low will it crash when the sewer rat shorters stop closing their shorts?

Corrupt as fluck

FSA farcical alleged governing body

Ewwwwwwwwwwwwwwwwwwwwwww the UK markets are the most corrupt in the word!

[mcsean2164] 05/8/2021 20:10

Shorts down considerably

[mcsean2164] 05/8/2021 20:10

Wow. Nice close. Hopefully a turn around.

[mr woodland] 05/8/2021 19:30

Group working interest production in the first half of 2021 averaged 61,200 bopd, in line with expectations. Full year 2021 guidance has been revised to 55,000 - 61,000 bopd (from 60,000 - 66,000 bopd). The guidance reflects the sales of the Equatorial Guinea assets and the Dussafu Marin permit and first half delivery.

[waldron] 05/8/2021 16:47

[United Kingdom] TULLOW OIL PLC (TLW)

Real-time Estimate Quote. Real-time Estimate Cboe Europe - 08/05 04:30:00 pm

46.695 GBX +2.42%

[kulvinder] 05/8/2021 16:44

Finally an up day, hope this a sign for the reversal....

[ammu12] 05/8/2021 15:38

Cne up 40%

[waldron] 05/8/2021 07:27

European markets set to rise ahead of fresh earnings, Bank of England decision

Published Thu, Aug 5 20211:44 AM EDTUpdated 4 Min Ago

Natasha Turak
@NatashaTurak



LONDON — European markets are expected to open slightly higher on Thursday as investors await new earnings and digest the previous day’s data releases indicating the highest euro zone business activity in 15 years.

The U.K.’s FTSE is seen opening 6 points higher at 7,117, the German DAX is seen 20 points higher at 15,704 and France’s CAC is expected to open 4 points higher at 6,749.

[waldron] 04/8/2021 21:08

maywillow
4 Aug '21 - 10:46 - 3012 of 3014
0 2 0
Despite 6 of 17 analysts being negative, one with a low target of 33.60p approx the
consensus average target remains reasonably high at 52.44p approx


TEND TO AGREE WITH YOU THAT THERES NO REAL REASON OR NEWS OUT THERE TO INDUCE A FALL THRU THE CURRENT SUPPORT OF 43,63p

Should all be quiet on the Western Front atleast until mid September

With oil price hedged TLW should be adequently protected against the unlikely event of a substantial fuerher fall in the oil price

[ammu12] 04/8/2021 19:42

30's this week

[ammu12] 04/8/2021 18:47

The low target should come soon imo

[maywillow] 04/8/2021 10:46

Despite 6 of 17 analysts being negative, one with a low target of 33.60p approx the
consensus average target remains reasonably high at 52.44p approx

[maywillow] 04/8/2021 10:07

No real reason at present to imply a fall thru the current support in my opinion


Price (GBX)
45.61 -1.43% (-0.66)

[maywillow] 04/8/2021 10:03

Continues at present to hold above strong support at 43.63p

[maywillow] 04/8/2021 09:58

The Motely Fool

The Tullow Oil share price has climbed 50% in 2021. Here’s what I’m doing now

Alan Oscroft | Tuesday, 3rd August, 2021 | More on: TLW


The oil price is looking strong, and Tullow Oil (LSE: TLW) is among the oil stocks strengthening on the back of it. The Tullow Oil share price is up 54% so far in 2021, though that has to be seen in a long-term context. Over the past two years, taking in the Covid crash and an 89% year-on-year rise, Tullow Oil shares are still down 75%.

And before I consider Tullow as a possible post-pandemic recovery candidate, I see the big crash happened before then. In December 2019, Tullow shocked the market by announcing significantly lowered guidance for the following three years. At the same time, the firm’s chief executive and its exploration director departed.



In the time since then, Tullow has continued to lower its guidance. Most recently, on 14 July this year, the company dropped it to between 55,000 and 61,000 barrels of oil per day for the full year. That’s down from previous guidance of between 60,000 and 66,000. The company was offloading assets too, but the shares did perk up slightly on the day.

After that, though, the Tullow Oil share price fell again and it’s been erratic since. But we’re still left with that strong year-to-date gain, and the attraction might seem puzzling at first.

Positive cashflow trend

The latest July update does also suggest a welcome positive trend. Tullow is predicting underlying operating cash flow of $600m for 2021. That’s based on an oil price of $60 per barrel for the rest of the year. And we’re seeing higher prices than that, with a barrel of Brent Crude currently going for $73. A sustained $70 would, the company says, boost cashflow by an extra $50m.

That, on the face of it, sounds attractive to me. But I still see the same huge millstone around Tullow’s corporate neck that’s been there for years. I’m talking of debt, which the company has recently restructured, again. This time, in May, a $1.8bn corporate bond package was involved. Tullow estimates year-end net debt at $2.3bn (£1.65bn).

To put that into perspective, Tullow’s current market capitalisation stands at £654m. So debt amounts to two-and-a-half times the value of the entire company.
Tullow Oil share price uptick?

Looking at Tullow now makes me think back to Premier Oil (now Harbour Energy) when I bought. I consistently see two possibilities. Either oil will remain strong and production will improve, the debt will come down gradually, and the shares will continue to gain. Or one of those things will go wrong, and we’ll hit the next crisis.

It’s as if the company is standing on a beach, staring at the sea. Every high tide, it hopes it can keep its head just elevated enough to get some air. Those high tides are Tullow’s debt crises. And they seem to be rolling in almost interminably. So far, Tullow has breathed through each high tide, but its neck has got a bit too wet on occasion for my liking.

So for me, even if the Tullow Oil share price might be getting a bit of life back in the second half of 2021, I’m keeping away. And that’s not just Tullow, I’m steering clear of all heavily indebted companies.

[ammu12] 04/8/2021 09:45

Reckon we will see 30's soon

[waldron] 04/8/2021 07:59

European markets set for cautiously higher open as investors watch earnings, data
Published Wed, Aug 4 20211:57 AM EDT
Elliot Smith
@ElliotSmithCNBC
Share
Key Points

Earnings continue to guide sentiment in Europe, with Commerzbank, Siemens Energy, Hugo Boss and Intesa Sanpaolo among the big names reporting Wednesday.
Final services and manufacturing PMI (purchasing managers’ index) readings are due Wednesday morning from across the euro zone and the U.K., along with June’s euro zone retail sales figures.

LONDON — European markets are set for a slightly higher open on Wednesday, as strong U.S. corporate earnings boosted global sentiment.

Britain’s FTSE 100 is seen around 15 points higher at 7,121, Germany’s DAX is set to add around 35 points to 15,590 and France’s CAC 40 is expected to gain around 16 points to 6,740, according to IG data.