Tullow Oil Share Discussion Threads

[mcsean2164] 09/12/2022 09:29

The 5239 link appear to show net imports?



Oh well. never thought we'd be back at these levels. CAn't understand what is going on, hopefully the new CFO has some ideas, like buying some of the 10% bonds

The 7% ones are trading at 61p



Surely that's a good buy. Buy €61 million, save €39 million due to price difference and another 7 million per year in interest fees or €14 million (23/ 24). Why not?

[badger36] 09/12/2022 09:00

The time for revolt was the embarrassment of the Capricorn mess. The incompetence and now to elevate one of the crew who is responsible is another kick to shareholders

[jugears] 09/12/2022 08:33

About time there was a shareholder revolt imo

[badger36] 09/12/2022 08:31

Dorothy could be forgiven for lack of experience in oil but Dhir is another story entirely. An amazing bounce in oil and the stock has tanked. Drilling a complete bust and the crew feed at the trough, promote people with mediocrity in the CV It's run for benefit of insiders only

[lyreco1] 08/12/2022 21:05

Another snout in the trough of plenty, what shareholders needs is news on deals not more fat cats feeding from shareholder trough of plenty.

Didn't Rahul mention in one of his fist RNS, s that gas deals in Ghana would not contribute much in the name of profits?

Heard it many tomes, Rahul needs to go as he is doing nothing but turn TLW into another PMO but in a more sneaky way. Everything he does is toxic for the share price and value for investors. IMHO

BUT! The share price performance compared to the mega oil price rises in the past don't lie.

[the grumpy old men] 08/12/2022 10:11

08 December 2022

TULLOW OIL PLC

Directorate Change

Appointment of Richard Miller as Chief Financial Officer

8 December 2022 - Tullow Oil plc (Tullow) is pleased to announce the appointment of Richard Miller as Chief Financial Officer (CFO) and as an Executive Director of Tullow. Richard is currently Interim CFO and Group Financial Controller. The effective date of the appointment will be 1 January 2023.

Richard brings extensive oil & gas and financial experience to the role. He has been acting as Interim CFO since April 2022 and has been with Tullow for over 11 years. During that time Richard led the Tullow Finance team, supporting a number of acquisitions, disposals and capital markets transactions. Richard played a significant role in the continued turnaround of Tullow with the successful rebasing of Tullow's cost structure, the resetting of the balance sheet and the change to a more focussed capital allocation. Richard is a Chartered Accountant and he joined Tullow from Ernst and Young LLP where he worked in the audit and assurance practice.

Rahul Dhir, Chief Executive Officer, Tullow Oil plc said: "Richard has made a significant contribution to Tullow in his tenure and particularly during the last year as Interim CFO. He has helped drive cost discipline and capital efficiency alongside improvements in our broader finance function. He has the right mix of sector and finance experience and I am looking forward to working with Richard as we build a leading African oil & gas company."

Phuthuma Nhleko, Chairman of Tullow Oil plc, commented today: "I would like to warmly welcome Richard to the Board and look forward to working with him and Rahul in the years ahead."

[xxnjr] 08/12/2022 07:45

morning mcs. from your link in 58238

"Crude oil imports of about 6.11 million b/d accounted for about 72% of U.S. total gross petroleum imports in 2021....."

"Crude oil exports of about 2.96 million b/d accounted for 35% of total U.S. gross petroleum exports in 2021....."

[xxnjr] 08/12/2022 07:40

We only have one CFO now. The right one IMHO.

[lyreco1] 07/12/2022 17:02

Always the manipulated runt of the litter

[mcsean2164] 07/12/2022 12:45

Xxjnr,

I must be missing something. Doesn't the eia show net exports?

Are you somehow taking into account spr releases?

Separately, feels like we're going ever downwards not sure if delaying trading update was a good idea.

[xxnjr] 07/12/2022 01:23

Thats interesting mcs. So even with onshore L48 shale, US still importing a net 3M bopd of crude. But then a lot of that gets re-exported as processed refined product. Another factor is that US refineries tend to be configured to process heavier grades rather than the lighter L48 shale oil. (Crude tends to be matched to refinery NCI to optimise net backs)

On US production numbers the shale players could produce a lot more but have bowed down to investor demands to run the business to optimise cashflow and shareholder returns. Something Tullow could learn from perhaps?.....

On TEN and Debt. Whilst I agree debt is THE issue, it wouldn't be such an issue if TEN was producing 40K and not 20K bopd with production heading where next year?

[mcsean2164] 07/12/2022 00:35

Us has been exporting all 2022

[mcsean2164] 07/12/2022 00:27

Good point

U.S. September production increased by 289 kb/d to 12,268 kb/d.

Still below pre pandemic levels.

Might be interesting to see 2022 figures.

[xxnjr] 06/12/2022 17:00

Well. A Graph of SPR + Permian Reserves would be exponential in the opposite direction. Do the US even need an SPR these days?

[vaston] 06/12/2022 16:07

Clon shares to multiply in the new year

[mcsean2164] 06/12/2022 16:01

Very little talk about this.

[badger36] 06/12/2022 16:00

Guess no bonuses or salaries raises. Cost savings must be a must in sympathy with shareholders. Some hope. Simply incredible how poorly managed both At geology and admin level

[bones698] 06/12/2022 15:42

What's holding the company back is the 2 3bn debt pile. Just read the results and while they made good reading unto that point its the amount of debt that's the problem here .

Failed wells doesn't help maggers either but until that debt pile had been reduced massively this will remain a very risky investment .

Production is stable for now but will decline u less new wells come online . If oil prices fall with a recession looming this could spell trouble again here .

Good luck lth's I think your going to need it tbh . The charts are pointing south and the headwinds are mounting again imo . Sorry but that debt is frightening and a huge weight around the neck of this company . Better investments elsewhere with far less risk

[jugears] 06/12/2022 12:02

The best Tullow could do is sack its entire management, under performed for years, lol these were £15 years ago.

[crazi] 06/12/2022 09:05

Jumped in at 41p. Oil ban started. Oil price will climb some...

[lyreco1] 05/12/2022 17:01

TLW is always the manipulated runt of the litter when it comes to share price movement. Another factual quote from Fiss.

The only thing holding the share price back is Rahul's appalling performance since he arrived.

[xxnjr] 05/12/2022 15:58

thanks for the chart mcs. The way I see it poor drilling results and declining production at TEN are holding the company back. Next trading update (Jan) will offer some insights on 2023 output.

[alfiex] 05/12/2022 12:37

If we ever get to 50p !!! don't see it getting to 45p before Kenya and Ghana gas is announced and we probably won't get those any time soon.