Tullow Oil Share Discussion Threads

[maxplus2] 17/6/2022 13:02

The demand for oil is ever more. So why is the news saying price is lower. It doesn't make sense

[xxnjr] 17/6/2022 11:48

abrdn PLC Form 8.3

Took advantage of the meltdown yesterday to acquire another 6.3m shares.
Since deal announced abrdn have steadily increased their holding from 0.57% to 1.36%

Azvalor, G Sachs, State Street also buyers since the news hit.

Our largest holder Mr Samuel whatever his name is has yet to fill in his Form 8.3!

[xxnjr] 17/6/2022 10:15

Thanks for the info SS. All this gas stuff is far too complicated for my head! I guess the free TLW gas for Ghana will cease to be free towards the end of this year. After which TLW will be supplying about 100 mmscfd at yrs ago previously agreed $2.34/mcf, or whatever higher price Rahul can negotiate.

On the subject of oil

Nigeria Brass River crude seems to be going at about a $5 to $7 premium to Brent.

Brass River: API: 34.6 Sulphur Level: 0.22

Jubilee Crude: API 37.4 Sulphur Level: 0.3

We should be getting a fairly decent premium over Brent!

[allin] 17/6/2022 07:32

Recovering..must have hit the floor

[b2mac] 17/6/2022 07:28

Lots of patience required, top-up if and when you can ..This will eventually re-rate to and even above its true value.

[kulvinder] 17/6/2022 07:07

Only wish the market would reflect our thoughts in a better share price...

[b2mac] 17/6/2022 07:05

New to the board ..The earnings potential for the new entity is just mind blowing with high energy prices for a minimum of the next 5 years

[heialex1] 16/6/2022 22:18

This market is creating tremendous buying opportunities in stocks such as HBR, ENQ, SHEL, TLW, etc... quite possibly once in a generation type opportunities

[xxnjr] 16/6/2022 15:51

It's all a bit obscure. What we know



Höegh LNG signed on 1 December 2016 an FSRU contract with Quantum Power Ghana Gas Limited ("Quantum Power") for the Tema LNG import terminal located close to Accra in Ghana ("Tema LNG Project"). The Tema LNG Project is supported by the Ghana National Petroleum Corporation (GNPC), Ghana's national oil and gas company. The contract is for a period of 20 years with a five year extension option for charterer.....

The Q is: Who are Quantum Power? and more to the point; Who owns it? Haven't a clue as their website fails to mention anyone by name, as "Founder" whoever that person was, suffices.



And you'll note that the photo of the Ghana Stock Exchange listing of one of their subsidiaries (Quantum Terminals) doesn't work so we cannot even see their faces!



Come to that I couldn't see a listing for Quantum Terminals PLC on the GSE


Moving on "The Quantum Group Ltd is a wholly-owned Ghanaian Company with operations in West and East Africa. The Group has subsidiaries specializing in a number of industries, including Petroleum Trading & Distribution, Power Generation, Terminals & Infrastructure and Technology & Communication."

But their head office is in Dubai.

[fizzmiss] 16/6/2022 14:27

Utter corrupt scam this is

[xxnjr] 16/6/2022 14:21

The arguments GNPC use are total madness. Like LNG will be cheaper than Sankofa gas. It can never be cheaper, as Sankofa is on a 'take or pay' contract. That means GNPC has to pay twice over for one unit of gas. One payment to Shell for the LNG they receive and a second payment to ENI for the same volume of gas they no longer require as Shell supplied it. Bonkers. GNPC will be bankrupt!

[subsurface] 16/6/2022 10:56

Thanks Thommie

[subsurface] 16/6/2022 10:55

Thanks Thommie

[ariane] 16/6/2022 10:54

1 EUR = 1.0198 CHF



The Euro to Swiss Franc exchange rate (EUR CHF) as of 16 Jun 2022 at 11:53 AM.

[ariane] 16/6/2022 10:31

All european oilies are down, but not like TLW as more of a pure play

[kulvinder] 16/6/2022 10:25

Meant to say "wrong horse".

[kulvinder] 16/6/2022 10:24

This is becoming a nightmare....picked the horse once again....should have sold at 57 the other day....

[fizzmiss] 16/6/2022 09:53

Once or if TLW gets to a bit better price, decided to dump this stock for good.

To corrupt for me.

Always the dog of the show.

Never goes up with oil price rises, good news, etc whilst Raul sits on his lazy butt playing Mr Ostrich.

[fizzmiss] 16/6/2022 09:12

How can they get away with this constant shareprice manipulation?

Care to comment, RAUL?

What ya doin?

[thommie] 16/6/2022 07:27

Ss, I meant the plans announced in the article to hedge even more over the next 2 years to around 75%.of anticipated production!