Tullow Oil Share Discussion Threads

[the grumpy old men] 12/4/2022 18:45

mcsean2164
12 Apr '22 - 18:44 - 57272 of 57272
0 0 0
waldron,

Yes but we've been below 60p before despite POO. Maybe it's finally recognition of tullow potential?

hadn't noticed short exit



down to 2.84% now!

[mcsean2164] 12/4/2022 18:44

waldron,

Yes but we've been below 60p before despite POO. Maybe it's finally recognition of tullow potential?

hadn't noticed short exit

hxxps://shorttracker.co.uk/company/GB0001500809/

down to 2.84% now!

[zaxarobal] 12/4/2022 18:18

It is easy to get trapped on the wrong side of the trade.Confirming A Bear Market Rally, Or Not.So, is this a bear market rally, or a return to a more bullish market?The honest answer is we don't know, and in the short term, all we can rely on is our technical indicators to guide our risk management strategy.Over the last six months, the market has made very little progress after its surge from the March 2020 lows.The problem for investors currently is that the broad trading range now makes risk management very difficult. To confirm a "bear market" is resuming, we will need to break the "Russian Invasion" lows. However, to confirm a return of a "bull market," would require a breakout to all-time highs.A standard Fibonacci extension can give us clues as to breakout, or breakdown, levels, and next targets.With such a wide trading range and no clear direction for the markets, we continue to recommend following basic risk management protocols.If the bulls are right, then it is a simple process to remove hedges and reallocate back to equity risk accordingly.However, if this is just a "bear market rally," then a more conservative portfolio will protect capital during the decline.Unfortunately, we will have to wait and see who is right.

[kulvinder] 12/4/2022 17:53

Finally over 60p can we this time on the 5th or 6th time of trying in the last two years keep in the 60"s then stablise to move towards the 70p to eventually hit that 100p in the next couple of months? Here"s hoping.

[grupo guitarlumber] 12/4/2022 17:24

U.S. Crude-Oil Stockpiles Likely Increased in DOE Data, Analysts Say
12 April 2022 - 06:10PM
Dow Jones News


By Dan Molinski

U.S. crude-oil stockpiles are expected to have increased slightly from the previous week in data due Wednesday from the Energy Department, according to a survey of analysts and traders by The Wall Street Journal.

Estimates from 10 analysts and traders showed U.S. oil inventories are projected to have risen by 400,000 barrels for the week ended April 8. Six of the analysts forecast an increase, while four predicted a decrease. Forecasts range from a decrease of 1.8 million barrels to an increase of 3.1 million barrels.

The closely watched survey from the DOE's Energy Information Administration is scheduled for release at 10:30 a.m. ET Wednesday.

Gasoline stockpiles are expected to fall by 600,000 barrels from the previous week, according to analysts. Estimates range from a decrease of 1.1 million barrels to an increase of 1.8 million barrels.

Stocks of distillates, which include heating oil and diesel, are expected to be unchanged from the previous week. Forecasts range from a decrease of 2 million barrels to an increase of 3.6 million barrels.

Refinery use likely rose by 0.3 percentage point from the previous week, to 92.8% of capacity. Forecasts range from a decrease of 0.5 percentage point to an increase of 1 percentage point. Two analysts didn't make a forecast.

[fizzmlss] 12/4/2022 17:03

This should be in 70's by good Friday, shorters are dropping bricks from the rear.

[zaxarobal] 12/4/2022 16:45

We're at or very near major inflection points for bonds, stocks,rates & the dollar.The metals & miners are poised for big upside as well.Everyone is worried about inflation & Fed tightening.Sentiment is extremely bearish on both stocks & bonds

[mcsean2164] 12/4/2022 16:26

wow! what happened today?

[kulvinder] 11/4/2022 17:45

Amazing how the doomsters come out of the woodwork.....when poo drops....

[hyper al] 11/4/2022 17:12

The REALITY, think before you invest.



This is based on FACTs from the worlds leading scientists and approved by the Intergovernmental Panel on Climate Change.

[kulvinder] 11/4/2022 17:10

Previously the market was worried that TLW are missing out on big profits due to 75% of oil being sold by TLW was hedged at lower prices when oil was at 130 USD, so share was taking a dive, maybe now the market is more relaxed as the hedges are seen as an advantage at the current 90-100 USD.

[fizzmiss] 11/4/2022 15:47

Holding up pretty well considering oil has dropped $32, Still think we will see 45p again.

[subsurface] 11/4/2022 10:04

Thanks Oilretire not sure whats going on on the BB.

Some good news for Tullow 7.5% none operated

Gabon: VAALCO Energy announces successful drilling of Avouma 3H-ST development well



Does anyone know if they have started the Jubilee planned shutdown ?

[deltalo] 10/4/2022 22:32

Sorry wrong board.

[deltalo] 10/4/2022 22:26

https://www.screendaily.com/news/cineworld-revenue-up-nearly-1bn-in-2021-as-losses-narrow/5168712.article Looking good for Cineworld this year, table's turned after covid, big time.

[oilretire] 08/4/2022 13:37

Two Tullow BB's I see.....Posted this the other day but but probably more long suffering posters here??Jefferies have caught up with that Barclays target.Jefferies raises Tullow Oil price target to 90 (65) pence - 'buy'

[mccracken227] 08/4/2022 12:14

Didn't think I would see red today, oh well let's see if it can go blue before 4.30 :)

[subsurface] 07/4/2022 23:17

Thanks Billy

Nigerian billionaire Elumelu teams up with Tullow Oil and Gran Tierra in hope for Shell success.

7/4/22

The recent sale of the Shell Petroleum Development Co in 2021 is whetting the appetite of many international and national investors. To maximise his chances of obtaining the Anglo-Dutch major's onshore assets, businessman Tony Elumelu is putting together a formidable consortium.

Shell Petroleum Development Co (SPDC), one of Shell's subsidiaries in Nigeria, continues to attract potential investors thanks to its output: 10% of the country's gas production and almost 30% of its oil. Several Nigerian groups emerged when it was announced that it would be put up for sale at the end of 2021 as being interested in acquiring SPDC: Seplat (already very busy with the ExxonMobil takeover in the shallow offshore), Heirs Holdings (owned by banker Tony Elumelu), Sahara Energy (a trader led by Tope Shonubi) and ND Western (comprising Niger Delta Petroleum and, among others, Beninese businessman Samuel Dossou).

In recent weeks, despite the announcement of NNPC's first claim on the assets, the four companies have been building consortia to help raise funds - the deal is estimated to be worth at least $3bn - and to put together technical teams capable of convincing Shell to sell SPDC to them.

Elumelu's war machine

Lagos banker Tony Elumelu is trying to put together a trio of strong partners in order to give the Dutch owners as much confidence as possible in his case. According to our sources, he recently brought in the British firm Tullow Oil as a potential partner to share the funds required. Despite his recent investments in oil, such as the 40% stake in OML 17 bought for $800m from TotalEnergies, ENI and Shell in 2021, Elumelu wants to be able to call on a team of geologists brought into the picture by Tullow Oil, operator in Ghana of several fields such as Jubilee and TEN.

Although Nigeria has never been on the junior's radar, its managing director since 2020, Raul Dhir, had already expressed the hope of returning to the country with his former company Delonex Energy during the sale of the Brazilians of Petrobras (AI, 04/02/20).

New kid on the African blocks

In addition to Tullow Oil, another Canadian firm will potentially join the Elumelu venture to take over SPDC: Gran Tierra. This company produces around 30,000 b/d in Colombia and Ecuador but has never been in business in Africa. However, the elections in Colombia at the end of May 2022 have raised concerns that the oil sector could be put at risk if the radical left-wing candidate Gustavo Petro is elected. Petro, a senator and former mayor of Bogotá, has hammered home the point that he would invest massively in renewable energy and block any new hydrocarbon exploration in the country. Gran Tierra is thus counting on Nigeria to flourish in the event of a change of policy in Colombia.

Although Gran Tierra does not yet have a stake in Africa, its chairman and CEO Gary S. Guidry knows the continent well, as he is also a director of Africa Oil (which bought Petrobras in Nigeria and is engaged in exploration in Namibia, South Africa and Kenya). Guidry was also CEO of Caracal Energy between 2011 and 2014, which operates blocks in southern Chad that were sold to Glencore. The trader himself has just concluded the sale of his assets to Perenco in 2021 (AI, 19/01/22).

Tullow need to be careful and understand how Nigeria works! dash me '

[fizzmiss] 07/4/2022 17:36

WOOF WOOF!

We will see 45p again due to share price manipulation by the MM for the sewer rat shorting mates for sure IMHO