Tullow Oil Share Discussion Threads

[franky15] 18/10/2022 19:42

You are not alone

[alfiex] 18/10/2022 16:04

Love your optimistic outlook

[franky15] 18/10/2022 15:45

Won t be going bankrupt anytime soon , debt sorted til 2025 when the turnaround will be well underway .

[badger36] 18/10/2022 15:41

Can it go to the 20s?

[mcsean2164] 18/10/2022 08:16

Morgan Stanley

Full of CFD's.

Millennium partners

Full of long short stuff

Anyone willing to investigate?

[mcsean2164] 18/10/2022 08:02

BlackRock sell 5k shares

17 Oct 62,923,483   4.37%  
14 Oct 62,928,560   4.37% 

Who's the seller?

[mcsean2164] 18/10/2022 07:11

171.983.670 11,959%

Azvalor buying another 600kish.....

[fizzmiss] 17/10/2022 18:47

Alfex, its called corrupt share price manipulation and see Raul for what he is.

[mcsean2164] 17/10/2022 12:05

The failed merger seems to have changed sentiment IMHO. All those holding rns are not helpful either. As you may have noticed I haven't a clue🥵

[alfiex] 17/10/2022 09:51

At a years low! Can anyone explain whats mate it fall from 50-65 range to 30-40 range supposedly makin profit and on path for turnround. Corrupt as f...

[badger36] 17/10/2022 09:49

What we would give to get the low of the Jeffries downgrade Nothing to stop it crashing into the upper 20s as once oil starts falling back Tullow is destined for bankruptcy Dhir and his team will walk with a nice payoff just like the last team of incompetent fools

[mcsean2164] 17/10/2022 09:42

Azvalor 11,914

We'll be back to 10p and azvalor will own tullow 😭

Edit: just saw your post xxjnr. Instis 72%!!! Where is the selling pressure coming from?

[xxnjr] 17/10/2022 08:48

Azvalor Asset Management have bought another 1,921,433 shares at 39.38p. Now on 11.91%

Not a lot of movement elsewhere since I last looked 2 months ago. Insti's now own about 72%, which is marginally higher. Top holder Sam Dossou-Aworet (Petrolin) still on 17.69%

Back to sleep.

[xxnjr] 14/10/2022 09:49

Azvalor Asset Management have bought another 673,006 shares at 38.61p. Now on 11.8%

[xxnjr] 14/10/2022 09:42

GrupoGuitarLumber posted this elsewhere. My comments at bottom.



12 Oct 2022 | 15:15
FTSE 250 movers: Tullow tanks, Synthomer slumps
(Sharecast News) - The FTSE 250 was down 1.24% to 16,694.59 at 1545 BST.

Tullow Oil shares fell after Jefferies downgraded the stock to 'hold' from 'buy' and cut the price target to 48p from 77p.

The bank said Tullow's interim results brought back into its investment view what it sees as the limitations of Ghana production improvement at the Jubilee field and TEN field.

"This, alongside more limited deleverage than (North Sea) peers and a proposed Capricorn Energy merger that has been withdrawn, means we move Tullow to a core NAV-based price target method of 48p a share and downgrade to hold.

"In simple terms, we view the circa $200m free cash flow that Tullow estimates in 2022 at $95/barrel oil price as an approximate annual limit of deleverage for the company."

Jefferies said that because capex must continue at least at current levels to maintain drilling intensity, it does not see a step change in production either way and Tullow has no immediate exposure to the bank's increased gas price assumptions.

Basically we are having to spend an awful lot of money to keep production flat. Something I tend to agree with unless TLW can actually demonstrate sustained and meaningful production growth at TEN. You could argue that underlying cashflow is closer to $400m at current oil prices. But what happens if OP falls back further from here? Or unexpected events require additional spending? Would suggest TLW need to take further action on head office costs and staff savings. Apache, Bp, Shell, Total etc talk about resilience at $35 to $40 oil price . TLW seemingly need $75 to keep the lights on and $95 to keep the debt collectors off their backs.

[badger36] 14/10/2022 08:35

Maybe they still believe it will go ahead??

[subsurface] 14/10/2022 08:28

The Tullow website has not been amended regarding the Capricorn merger situation details and RNS keep flowing?

[grupo guitarlumber] 12/10/2022 17:39

www.sharecast.com/news/broker-recommendations-/broker-tips-diageo-tullow-oil-restaurant-group--10979388.html

Jefferies downgraded Tullow Oil on Wednesday to ‘hold’ from ‘buy’ and cut the price target to 48p from 77p.

The bank said Tullow’s interim results brought back into its investment view what it sees as the limitations of Ghana production improvement at the Jubilee field and TEN field.

"This, alongside more limited deleverage than (North Sea) peers and a proposed Capricorn Energy merger that has been withdrawn, means we move Tullow to a core NAV-based price target method of 48p a share and downgrade to hold.

"In simple terms, we view the circa $200m free cash flow that Tullow estimates in 2022 at $95/barrel oil price as an approximate annual limit of deleverage for the company."

Jefferies said that because capex must continue at least at current levels to maintain drilling intensity, it does not see a step change in production either way and Tullow has no immediate exposure to the bank’s increased gas price assumptions.