Member Info for JMAX

FDM,
With poo at about $85, TLW hedging 75% of production and the SP at 52p - where do you expect the SP to go from here ?

https://www.irishtimes.com/business/energy-and-resources/tullow-oil-raises-hedging-to-75-of-output-for-two-years-1.4594801#:~:text=Tullow%20Oil%20raises%20hedgin

Gogadget,
Do you think the change in hedging plays a part in the SP from then until now?

As for a T/O, why didn't it happen when we were sub 10p - or were they waiting for TLW to go bump before picking up the assets ?

No1p
Sorry, I meant in the two days before the update - one of these rises was about 17%

Let's just see how the SP moves leading up to this webinar. For over a year we have had unjustified rises before updates, then on the day of the update little SP movement.

https://www.tullowoil.com/application/files/1915/7960/2892/tullow-oil-plc_overview-presentation_Jan-2020.pdf

As of 30 June 2021, Tullow’s hedge portfolio provides downside protection for 51% of forecast production entitlements through to May 2023 and 29% for a further 12 months to May 2024. Since completion of the comprehensive debt refinancing in May, new hedges have been placed with $55/bbl floors and weighted average sold calls of c.$70/bbl.

The original hedging programme is shown on slide 4
https://www.tullowoil.com/application/files/1915/7960/2892/tullow-oil-plc_overview-presentation_Jan-2020.pdf

LeeRex,

Thanks, a very valid point.

HMM,
How much of our oil is being sold for $80plus ?

Brighty,
How did you reach your prediction of 63p-66p this week ?

Does Fres not produce gold.....

This is going 1500p plus - hold tight

DM,
When has the TLW SP ever 'flown'?
Even is Sept 2019, with the biggest spike in poo in 30 years and the announcement of an oil find at Joe and Jethro the SP didn't fly.

Jub,
I have held a tranche for many years and traded along the way. I will wait for more Kenya news because this SP never looks like flying.

Are the shorters panicking, with poo over $80, and TLW just over 50p and currently hedging 70% of production. As a LTH I would be delighted to see us at 100p plus, but what will it take to get us there?

Why the rise....anyone ?

Would it not depend on how long oil was at $100, and what TLWs hedges (ceiling prices) are at this time?

Oilu.

Look into TLWs hedging.

It would depend on how long poo is at $100, and how much of our production is being sold at this price - 70% of production is hedged, but how much is hedged at a ceiling price ?

SLT,
good point, and in the future it looks like it will 'bail ins' for the struggling banks.
As for poo, the last I saw was that TLW had hedged 70% of production - how much of this has a ceiling below $70 ?