Member Info for oiluser

Those shorts going up are they linked to companies hedging on oil prices? Just wondering their MO

Usually a good sign when Beetham is positive

Anton, I'm definitely not on a loss but I'm lost for words re performance. I'm in for the long haul, probably need to stop looking at it daily or weekly

Gotta say I think this share is patethic, and I'm a holder. Almost 80 dollars a barrel. Share was 65p a while ago at 76$bbl

These are enq financials at beginning of this year, I may have to pop over to enq board and remind those holders of risks and impending maturity dates, but I know common sense will prevail on the board. Were all speculating on tlw and enq, it's not like either is in very good shape

Hold both enq and tlw, so no interest seing either getting booked. But just so enq holders who dont understand their finances realise that last year they didnt pay interest off on bonds, and its accruing when not possible to do so.

Cash and net debt
The Group had $222.8 million of cash and cash equivalents at 31 December 2020 and $1,279.7 million of net debt, including PIK and
capitalised interest of $214.2 million (2019: $220.5 million, $1,413.0 million and $140.7 million, respectively).
Net debt comprises the following liabilities:
? $249.2 million principal outstanding on the £155.0 million retail bond, including interest capitalised as PIK of $39.4 million (2019:
$225.7 million and $22.1 million, respectively);
? $799.2 million principal outstanding on the high yield bond, including interest capitalised as PIK of $149.2 million (2019: $746.1 million
and $96.1 million, respectively);
? $377.3 million of credit facility, comprising amounts drawn down of $360 million and interest capitalised as PIK of $17.3 million (2019:
$475.1 million, $460.0 million and $15.1 million, respectively);
? $67.7 million on the Sculptor Capital facility, comprising amounts drawn down of $59.4 million and capitalised interest of $8.4 million
(2019: $122.9 million, $115.5 million and $7.4 million, respectively);
? $9.2 million relating to the SVT Working Capital Facility (2019: $31.9 million); and
? $nil relating to the Tanjong Baram Project Finance Facility (2019: $31.7 million).

I've just read through the CMD presentations and annual statement from January, calls ok. There was anticipated production decline in 10 and Jub, and there are 2 production wells and a water injector being drilled on that this year, and a gas injector on TEN designed to boost production at 2 ten producers. 2021 production will maintain, what we have. Approx 60 hopefully will be a bloody good number considering the sales, the Maersk drill ship is contracted for 4 years, and will average 4 wells per year between both fields. Need I mention that forecasts for 2021 were based on 45/$ oil and 2022 onwards at 55/$.

TLW have addressed decline in 10 year plan, 2021 is about shoring up production, 2022 is about increasing production incrementally through drilling at jubilee. 2021 there will be some reservoir management at TEN to address decline, this has not been put in service.

As with others here I want in my life to own a share that only goes up, as it stands this is up 80% in 6 months. It's never nice looking at retrace, but this share is about 2022/23/24.

There is definitely the creation of opportunity to get shorts out with less damage, and they are reducing.

PS, got shares in both

One only has to look at the costs associated with production to realise that tlw is the better bet, opex here is 14 with lower production, at enq its 26

That's the UT???

Tullow tanking due to sentiment and manipulation, the ******s shorting are big boys with clout. Tullow has locked in $67 oil till year end, 50% oil at 72 next year. This will return up once the aholes get what they are after.

Nope

That was expected after sales, the 10kbod from new producer is low but likely initial flow rate

I own 440k shares in tullow, if I sold them all is that a huge sell? Just wondering as theres 1.4billion shares in issue. While I think results wont be what people think they will be due to costs of finance deal, I still think that TLW doing ok and I will be a lot happier if they can hedge 70% closer to $70 with exposure of some hedge to higher prices. I believe that tlw will move to buy back shares also, hence the holding of sp at this area. I

Oil heading over 100, nothing can change that. Very little invested in 2020/21. Serious problem coming. All the wars, sanctions etc are economic politics. Oil running out very fast, 40 years it's gone at current demand. This is the green agenda.

I think shares will be bought back, held in treasury for a year and issued again. Why, I think that it's a leverage reduction exercise. And that's why were pegged at 60p

Oil will go to where its allowed to go, 80 this year?. 80/90 next year. Simple as that. Main point is oil is in the area of 70,s and at that price tlw doing well on unhedged oil. If there is a real supply squeeze, than all bets would be off on the control factor.

Low volumes, orderly exit of shorts.