Tullow Oil Share Discussion Threads

[stefield] 17/3/2012 01:47

i agree its undervalued, but not if you just based it on the current p2 reserves.
but as i said, they could easily double quite quickly.

[phillis] 16/3/2012 16:57

Have to agree with Hiddendepths
the future seems more interesting than when I first bought all those years ago

[hiddendepths] 16/3/2012 12:38

This field is a monster! It looks as if the southern edge is not the edge at all, doesn't it? Interesting to see if they try another southerly step-out.

I think the South American play alone could be worth £5-10/share.

I don't agree, stefield, I think it is still woefully undervalued. What a great company this is!

[stefield] 16/3/2012 11:00

no i dont think its cheap at all, but im long and think they will have a lot more reserves this time next year.

[eipgam] 16/3/2012 10:52

anyway. the penny is dropping this morning. Forecast beating results and a stunning result in Ghana.... just why did a broker recently forecast a tenner sp?

[eipgam] 16/3/2012 10:12

£13.34 then... that's still relatively cheap, isn't it? Plus todays oil....

[stefield] 16/3/2012 09:56

grigor - 14 Mar'12 - 18:42 - 16896 of 16904

Excellent year

Enterprise value £15,200m and 2P reserves 1742.8 mmboe (79% Oil) = £8.73 per boe
---------------
thats before the farm down, now approx. 1,139mmboe

[darias] 16/3/2012 08:03

We are back in.

[mpclag] 16/3/2012 07:12

another positive drill result-massive oil field potential!

[ben chod] 15/3/2012 10:00

pity we dont seethe spikes compared to the smallcap we seem tobe plodding alongbuilding resistance levels

[oilretire] 14/3/2012 20:15

Tullow Oil was in demand after pre-tax profits jumped 499% and sales rose 111% in 2011. Prime Markets labelled the group this morning as an "explosive momentum growth play, backed by the sort of impressive fundamental growth numbers normally seen in an explosive small cap growth stock."

[grigor] 14/3/2012 18:42

Excellent year

Enterprise value £15,200m and 2P reserves 1742.8 mmboe (79% Oil) = £8.73 per boe

Reserves up 21%

Keeps finding oil

Attractive target for supermajor oil co

Keep the dividend and use it for more exploration!

[ringer12] 14/3/2012 17:57

AN E&P Oil Co payig an increasing divi. Can't be many of those around. If the divi keeps doubling we'll be buying them for the divi. and any increase of the share price will be a bonus!

[eipgam] 14/3/2012 17:08

or tomorrow....

[bushwhacker] 14/3/2012 12:05

from Investec

Tullow Oil (TLW LN, 1477p ▲ 1.6%): All about the Atlantic – Management has disclosed its results, with Revenues was up 111% y/y to $2.3 billion on the back of 35%/37% increase in production/price realisation; Operating profit further expanded by 332% y/y to $1.1 billion on declining cost; reported EPS of 72.5p (+795%). Further highlights for 2011 include – the basin-opening Zaedyus discovery offshore French Guiana; significant discoveries at Teak in Ghana along with appraisal success at Tweneboa and Enyenra. In addition, the Jobi-East-1, Gunya-1 and Mypo-3 well results made an excellent start to the next phase of exploration and appraisal in the Lake Albert Basin in Uganda. In the current year the company has lined-up high impact exploration and appraisal campaign on the West African and South American margins of the Equatorial Atlantic Basin including wells in French Guiana, Guyana, Sierra Leone, Côte d'Ivoire. The development work has started on the Jubilee field Phase 1A with the spudding of the first production well in February 2012. The company expects the first of the Phase 1A well to come on stream in late second quarter of 2012. It has also increased its Reserves Based Lending facility by $1.0 billion to $3.5 billion during 2011 and extended the term of the $650 million Revolving Corporate Facility by three years to December 2014. This provides Tullow with adequate funds to carry out exploration and development work across its assets in different regions. Overall very positive update, the company is making good progress across its blocks. We expect some strong movements today.

[colonel hathi] 14/3/2012 08:08

Tullow Oil profit soars on new field, lifts payout