Tullow Oil Share Discussion Threads

[badger36] 17/10/2022 10:49

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 10:42

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 09:48

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 10:49

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

[xxnjr] 14/10/2022 10:42

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"This, alongside more limited deleverage than (North Sea) peers and a proposed Capricorn Energy merger that has been withdrawn, means we move Tullow to a core NAV-based price target method of 48p a share and downgrade to hold.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 09:35

Maybe they still believe it will go ahead??

[subsurface] 14/10/2022 09:28

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

[grupo guitarlumber] 12/10/2022 18:39

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.

[mcsean2164] 12/10/2022 11:58

Capricorn asked them to merge. Personally suspect Rahul was taken advantage of by his former contacts. Who knows.

No insight into sulphur etc.

Added very small amount on etoro (not core holding) at ~38.6p

[badger36] 12/10/2022 11:45

Capricorn touches 2.50 and these bozos expected to grab the booty as if all would look away and hold their noses There is something very wrong within whether it be fraud, accounting errors or another water/sulphur discovery Sooner or later they will come out from under the rocks

[mcsean2164] 12/10/2022 09:57

Death by a thousand cuts.

Separately, this makes no sense....



...although $83 would be great ;-)

[badger36] 12/10/2022 09:20

If the Bank of England are not going beyond Friday the derivative gamblers may be the catalyst behind this morning's collapse. Tullow is no longer an investment stock: pure speculation like a racehorse

[alfiex] 12/10/2022 08:43

It would be a dodgy pension fund holding these shares

[badger36] 12/10/2022 08:39

Just shows irrespective of pay you still get monkeys- peanuts or notSimply incredible and given the dollar vs Sterling and oil price this collapse is further exacerbated. The series of major errors and the Capricorn mess must demand the removal of the BOD and Dhir is simply a well dressed clown

[dealy] 12/10/2022 08:37

stocks being liquidated indiscriminately by pension funds.

[mcsean2164] 11/10/2022 23:41

Good grief.

[alfiex] 11/10/2022 18:32

Me too but happier with 1.50

[franky15] 11/10/2022 17:57

I d happily accept £1.20-1.50

[kulvinder] 11/10/2022 16:26

Hope it not another Afren, did me for 70k all them years ago...

[kulvinder] 11/10/2022 15:28

if one comes at best it will be 60p at this rate........just want to rip your underpants off is what is going on....