Member Info for Longish

..'Anyway, does anyone here know what type of sales contracts Tullow has?'
Not specifically. The strategic report does say 'Realised oil prices for January and February 2020 are expected to average over $60/bbl'.
In terms of the agm and any trading update, I guess we can expect to be on target. Dotty is not conservative with the truth so the outlook will be interesting given production for this year was kitchen sinked 20% end of 2019.
https://www.tullowoil.com/application/files/4415/8531/3636/2019_Strategic_Report.pdf

will1734
'can you pay for live prices?'
Think there are lots of free sources but you usually have to sign up eg Hargreaves (IG) market account. Loads of free information with live prices for the various brent contracts, etfs, stocks etc.
I guess 'live' also depends on connectivity. Some of the hi frequency traders have serious technology to get a millisecond advantage.

This is a nice site. Technical summary on the bottom of the page plus candle stick patterns, completed etc.
30 minute + candle charts annotate the pattern emerging. Minute chart useful for daily activity.
https://www.investing.com/commodities/brent-oil

Thanks Yuri. In reality, 65% is an average and there is no real world business able to take advantage of all the components making up the average..its all businesses. The danger we face is accepting media narratives and economic statistics and applying them to TLW without interlocking TLWs portfolio of assets and liabilities, management team etc. In this regard TLW has put its chess pieces on the board and the game has commenced with a good probability of success. Important AGM coming up and fingers crossed the messaging resonates harmonically :-).
GLA

Interesting. Maybe the 35% is redundant or 65% is optimum storage cost related. Each incremental unit of capacity drives up the cost of oil ..? Think berniethebiker was saying something similar in industry speak earlier today.

Like Dotty said in the webcast, the new ceo gets a tidy ship and should be able to hit the ground running. Some of that is corporate politics but is never the less, clearly set out ie we are at A and we need to do the following things to get to B.

Perfect if the new ceo is a favourite of the ii's and has industry stature. That would imply taking us back into the ftse 250 and 35p+ ...not just sweating the assets and surviving. There is an element of survival for all oilies, but tlw has sorted the financial side of the equation and the operations side has been rightsized, so the new ceo has to be able to create deals with governments and strategic partners imo. A retired ftse ceo wanting a role with hands on commercial elements would be good. Maybe it coukd be Dotty if she lands a major initiative at the the same time as the announcement and the promise of more initiatives before handing over to a more bau ceo.

We will know soon enough. The announcrment could easily move the SP imo

I dont underestimate the demand supply challenges ahead. Never thr less I hink that tlw is undervalued given it has bitten the bullet and SP punished. Shell, BP just started their cost reduction cash management programmes and will probably get punished again at their next updates.
I have my fingers crossed tlw keep the momentum on their new strategy and we have a positive, accretive AGM.
All they need is to feed one rns item at a time..fids, disposals, farmdowns etc.

The last rns was perfectly balanced in filling the gap from where we where, to where we are going.

https://www.nautorswan.com/yachts/models/swan48/

LoL I can only see up. The trend was down when we were 200. Bent $30.52 to buy on my screen!

surprise jump in employment in Australia overnight..

AGM next week. Will get an update then. If dotty gets the ceo role, the FIDs will be her targets with any opportunistic disposals in the process imo. FIDs will increase TLW horizon value to 3 years and beyond..!

I'm hanging in. Traded from 160s last November, started accumulating at 30, doubled up at 8...roughly breakeven so buying on the dips. Would have been easy to sit in cash but who knew ..lol

70p net assets (after writing off $1.3bn exploration costs..)
70p disposals
£1.6bn dev cost recovery in flight
FCF underpinned by rbl
FIDs in flight
35p and back in the ftse250 trackers etc

18?

Maybe buy another tranche tomorrow. I will be Mr 0.01%..woohoo

RD, not to me. Needed an rns saying what next
I believe the rns. I was in nmc and finablr and believed them too. But dotty is non exec on the board of the bank of england. We are all f####d if this team is not on the right glide path

RD...in trading thats when marginal revenue = marginal cost. Trump, opec+ and g20 just identified a circle of uncertainty. Back to work is theothet sideof the equation. IMO tlw has sufficient resources and focus to navigate through

Don't put all your eggs in one basket. Use this period to rebalance the portfolio. TLW is in my hi risk bucket but investable as the fundamentals are in place
70p net assets
70p disposals
£1.6bn development cost recovery
African FIDs now the G20 and opec+ have put parameters to the hedged demand Highs and supply Lows
Cost reduction activity in place and under direct control of a motivated management team focussed on a realistic glide path
FCF breakeven @$35 oil underpinned by RBL facility
Strong government relationships and common interests
..and so on

Yes I am in again same. Got some cash if another big dip but cant imagine I get that lucky

If we could go to 2p without passing go, I will triple or quadruple up thank you. Looks like we might be going to 20p at the moment

..not sure about that 30%. Reading the revenue segmentation note to the accounts. 40% of the revenue is from a few large customer accounts that were removed in their kitchen sink analysis. AGM and trading update will confirm..