Tullow Oil Share Discussion Threads

[subsurface] 16/3/2023 14:30

Oil price has dropped $10 in the last few days now $72
Ithink a lot rests on China if they end up getting sanctions for helping Russia with arms or invading Taiwan what would that do to the Oil price and Tullows plan.

[bones698] 16/3/2023 14:26

Seems to be common practice atm for rewarding poor results. Another company just done similar after seeing it's shareprice crash from 160p to 23p and awarded ltip shares at 45pto it's CEO .
Great when you can reward poor performance .

Tlw won't rise until they get that debt pule down by over 50% from here as the cost of servicing is far too high with high interest rates etc causing issues . They need to reduce expenditure massively for a year or two and focus on that . Until they do this won't go up significantly .

With the risks to oil price,inflation and debt repayment all wdighing in the shares as risk it needs to reduce rapidly . They steadied the ship thanks to buoyant oil prices and steady field performance ,now the need to focus on reducing debt while oil prices remain high or face another wrecking ball if something goes wrong

[xxnjr] 16/3/2023 14:08

How wonderful if you can get it. I see the Remuneration Committee have just granted Rahul 1,104,269 zero cost shares. Our CFO also gets 280,576 zero cost shares. So it looks like the RC have awarded a salary bonus under TIP with I believe from memory about half of the award being in deferred shares.

[xxnjr] 16/3/2023 09:58

The $1.8bn 10.25% 2026 bond refinancing has been ruinously expensive.

Net debt was $2.8bn in 2019. Annual interest paid on that was $216m.
Net debt reduced to $1.9bn in 2022. Yet annual interest paid has increased to $250m.

In addition the bonds cost $19m to arrange. And came with a stipulation that 75% of production be hedged at $55/bbl for 2 yrs from refinancing date. 18 months of $55 OP hedging to 2022 year end resulted in hedging losses of $472m.

About $1bn and counting down the drain.

[crazi] 16/3/2023 08:58

Personally I believe that the share price should be between 35 to 45 as oil moves between 75 to 85. That would be realistic value.

Growth will be slow but at least things have steadied and the debt is reducing now. CEO needs to replace the Corporate Brokers next as this mob are a lead weight on the share price.

[bones698] 16/3/2023 08:24

Should be paying the debts down a lot faster while oil prices are high . That debt will always be a huge burden around their neck even while the business performs well generally .

The concern is if oil prices fall it leaves them vulnerable once again . They are heading in the right direction and keeping an eye on it but until that deob is well below 1bn I won't entertain this as an investment especially after seeing how debts have desteoyed companies like gkp etc

[mccracken227] 16/3/2023 08:16

My bet is this will be kept under 30 now

[crazi] 16/3/2023 08:10

Oil'ies look to be on the bounce today - so I'm back in to Tullow... fingers crossed

[subsurface] 16/3/2023 01:37

Crazi

The FSCS protects 100% of the first £85,000 you have saved, per financial institution (not per account)


Plus, some banks offering savings accounts in the UK aren't regulated in the UK, so they wouldn't be protected

worth looking into

[ctc1] 15/3/2023 21:52

Good luck Crazi

[crazi] 15/3/2023 19:24

Glad I sold yesterday...

There again I'm holding some banks so took a kick in the balls today as well lol

Going to wait and find entry points and start buying banks and oil with all my spare cash then sit and wait 3 months for mid year rallies...

This whole market is just media spreading panic that started with Silvergate then SVB.

Market sucks but great buying opportunities...

Wall Street sneezes and London catches pneumonia!... London Brokers are just spineless lol

[xxnjr] 15/3/2023 18:49

It was only a few days ago that our CEO was highlighting the wonderful upside due to reduced hedging going ahead. Oh well never mind the OP may recover to $100/bbl to fit in with Tullow's totally absurd budget assumptions.

In the meantime we have downside protection that as a result of Rahul's refinancing arrangements starts at a pitiful $55/bbl.....

[mcsean2164] 15/3/2023 16:21

Very different, they're back to November. We've been hurtling to zero since Capricorn failure.

[franky15] 15/3/2023 15:04

Bp and shell 7 percent down

[waldron] 15/3/2023 12:47

Despite worrying Debt levels, it should be noted that the majority is Long Term

[waldron] 15/3/2023 12:43

Some think that company be worth over 4 times current sp

Https://www.marketscreener.com/quote/stock/TULLOW-OIL-PLC-9590152/financials/

Has sustainable free cashflow it seems


You might find this general market malaise might well be overdone and a buying opportunity if one has the courage

[jugears] 15/3/2023 12:29

If they go any lower they will be calling the receiver in, lol

[kulvinder] 15/3/2023 12:03

I know said it will be sh*te day, but knew it would be this sh*te!!!

[alfiex] 15/3/2023 12:01

Another years low never fails to disappoint

[mcsean2164] 15/3/2023 11:56

Support at 25p? Absolutely sickening..... Never fails to disappoint.

[subsurface] 15/3/2023 10:35

Another Tullow hotspot? in the news today

Argentina inflation soars past 100% mark

In December, the International Monetary Fund (IMF) approved another $6bn (£4.9bn) of bailout money.
It was the latest payout for Argentina in a 30-month programme that is expected to reach a total of $44bn.

[badger36] 15/3/2023 10:31

Capitulation in progress. It will declare Bankruptcy and those tin pot crooks will do a deal with the Chinese and Russians. Dealing with corruption on a mega scale In African states was never going to end well As long as the executives get paid who cares

[mcsean2164] 15/3/2023 10:20

Yep, I remember when I used to get a dividend 😭. Dorothy ran the company into the ground selling off assets at fire sale prices. I don't like to say it but I think Rahul should be fired. We're still suffering from his Capricorn misstep. If he was in the premier league he'd be out with this share price (points). We're back in the relegation zone and not even paying a dividend.

No offense to Rahul, he's tried and failed unlike Dorothy who tried only to protect herself.