Member Info for laidback

The world still need a 100m barrels plus a day ... and growth will continue to rise after this blip. New big discoveries are getting rarer and rarer ....

One thing ... US shale may have peaked in 2020. No one is investing in that anymore .... active oil rigs will keep in falling

Hedging will get Tlw through 2020

Prices will bounce back after bust

It's always bust and boom in the oil industry !

Even at these low oil prices

Worse case for 2020 is that there is no free cashflow to reduce debt. But sale of assets will reduce debt even in 2020 imo

Ok its risky. All shares are risky though.

20th Sept 2019... This was 233.6p

Less than 6 months later it is 10% of that .... oil price has collapsed but some production issues have been resolved.

We have a large amount of hedging in 2020. Panic is very high at the moment... it's all over the media. But even this will pass. Summers coming. Vaccine is being fast tracked. US shale looking very very shaky. CEO recruitment imminent.

In a few months this will be just another influenza and we will accept it as part of our lives.

I think we can get back to £1 within 12 months.

Just imo

This feels like reliving 'Pmo fell to 19'. Pmo went back upto 146p.

This is in a better position than Pmo at 19p.

Things can change v v quickly
.

Is it worth suffering a few months of low prices to see US shale hit the walls ? Maybe that why the ruskies are not playing ball.... Why should they bear the pain for US companies take gain.

Ruskies will start playing ball when US shale goes tits up, which it will. I think 2020 is the year US shale oil production finally goes into reverse.

Matt .... but this temporary glitch ... probably a few weeks or months

Plus $150m was a minimum FCF

On bright side, this will kill some US shale

Also will stop global economy going into recession

$1bn headroom ... will survive this panic in oil markets

Yes, so far

I really think we have v seen ALL TIME lows today

Is it deserved ?

New CEO will have this back over £1 when virus scare blows over imo

3 bagger here minimum imo

You only go.bust if you can't pay your bills. Tullow is not in that position unless Brent as it is hedged and has headroom if over $1 bn with banks.

The virus will pass eventually and panic will subside. This will then shoot up over 50p within days.

All imo

Rumours of a big hitter from CNOOC - any update on this ?

$53.14

$52.67

$52.49

$52.03

I expect a big bounce here tomorrow

time to switch off and come back in 3 months

im balls deep here now

should double within 3 moths from here imo