The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
@happy, I would think Linda would look more at Tullow than Enq as HBR are looking at Africa. Tullow is the only company on uk market that doesn't pay windfall tax (tax in africa). I used to hold Enq until windfall. such a shame how a gov can tax the life out of enq and hbr. its terrible.
Every $1 Dollar oil is worth about $20m to Tullow a Year.
If you believe oil will keep rising then Tullow is the Best Oil Play on the UK market.
no windfall tax.
Https://www.google.com/finance/quote/TLW:LON?comparison=&window=6M
take a look. forward momentum.
also playing catch up on the 1 year, still -25% @ 50p but its heading back to it ! tons of short term quick upside.
https://www.google.com/finance/quote/TLW:LON?comparison=&window=1Y
Oil is also rising ^^^^^
We need anton back in, all us LTH know this is going back to 40p - 60p - 90p as oil is rising. we don't care about 37p
Https://www.dailyfx.com/crude-oil
So good for Tullow
Tullows Interim Results are 13th Sep
https://www.lse.co.uk/FinanceDiary.html?shareprice=TLW&share=Tullow-Oil
@ $87 brent Tullow will get around $120m-$150m a year for that extra $7 oil
if oil keeps rising then profits surge.
Its happening....hopefully we find out this month. 120k bopd project.
The Energy and Petroleum Regulatory Authority (Epra) in Kenya plans to revise the fuel pricing formula to incorporate a local oil component should the country begin commercial oil production in Turkana. Epra will carry out a cost of service study to determine the real costs involved in the supply of petroleum products, from acquisition to delivery to the end consumer.
Recent changes to the fuel pricing formula in Kenya have allowed maximum wholesale and retail prices to be set. However, Epra believes that the current restrictions in the supply chain caused by the Covid-19 pandemic and the conflict between Russia and Ukraine justify a reassessment of pricing parameters in the oil value chain.
The regulator aims to create a flexible formula that can be adjusted to accommodate the potential exploitation of Kenya's oil reserves. Kenya is estimated to have approximately 2.85 billion barrels of crude oil deposits, with the South Lokichar Basin in Turkana having about 560 million barrels that are commercially viable.
British company Tullow Oil currently has 100% of the oil blocks in Turkana, but is looking for an investment partner to move the project forward. The decision on the fate of the project, which requires an estimated investment of around Sh400 billion, is expected to be made in September and will have a significant impact on Tullow's ability to attract strategic investors.
The review of Epra's pricing formula aims to ensure that it is robust enough to accommodate local petroleum products once production begins in the country's oil reserves. The study will re-evaluate the variables that must be included in the formula to accurately capture the costs incurred in the supply of petroleum products.
Investor Relations
You
Dear
Our operations in Gabon are currently unaffected by the ongoing political activity and production continues as normal. We will continue to monitor the situation closely and will work with the operators of our fields as necessary.
Regards
Tullow IR
Anton most of this chat room did the same until we all found out by Tullow through the media, Oil production is safe and is not affected in anyway. If you are lucky you may get a short dip to 33p and you can buy back in. its only a few % lost
Assala Energy, which current owner Carlyle has agreed to sell to Maurel, said its oil production in Gabon was unaffected.
Tullow Oil also told analysts its production was continuing as normal.
"Note Gabon production represents around 20% of group production. However, assets are based offshore and importantly oil revenue is dollar denominated," said Investec's Smith.
https://www.lse.co.uk/news/TLW/europes-gabon-exposed-stocks-slide-after-military-coup-szntkdq5scmbvio.html
- Tullow Oil shares have dipped after soldiers declared a coup in Gabon, although the oil-and-gas company has said its operations in the Central-West African country are continuing as normal. "Our operations in Gabon are currently unaffected by the ongoing political activity and production continues as normal," a spokesperson for Tullow Oil said. The FTSE 250-listed group said it will monitor the situation closely and work with field operators as necessary.
https://www.morningstar.com/news/dow-jones/202308304936/uk-net-mortgage-approvals-fall-as-interest-rates-remain-high
Sp will spike back to 36-37p as soon as Tullow confirms everything is ok.
Assala Energy, which is wholly owned by Carlyle Group (CG.O), said its oil production in Gabon has been unaffected by the military coup in the country.
"We can confirm that all our personnel are safe, our operations continue as usual and our production is not affected," a company spokesperson said.
https://www.reuters.com/world/africa/gabons-assala-energy-says-oil-production-unaffected-by-coup-2023-08-30/
I realise this is political and not about danger.. no concern for the rigs safety as they are in the ocean. however i'm now concerned about 14k bopd oil supply disruptions and market reaction because the borders are all closed. i'm so angry.
@anton eramet is down 15%, don't want to see tullow back to 28p in a flash. im so stressed out ! one stupid announcement from tullow that operations has halted. how does oil trade work now with tankers in/out when all the borders are closed ?
Im so annoyed !!. looking into it "Gabonese security and defence forces, announcing the election results were cancelled, all borders were closed until further notice and state institutions dissolved." Is this going to effect tullow ?
I have taken some shares to be safe
https://www.theguardian.com/world/2023/aug/30/gabon-coup-military-takeover-gabonese-election-disputed
Military cant take the oil, it's only 14 bopd anyway. stupid comment.
These numbers are from 8 analysts see for yourself https://simplywall.st/stocks/gb/energy/lse-tlw/tullow-oil-shares/future
If we hit $329m earnings end of this year, that is a massive Jump from $49m from the year prior. Valuation at a tiny x6 earnings ($329m) makes our market cap jump from $537m to $1.974b. around a £1... some people may say that's a big jump. actually no. it's a recovery, nothing new at all for Tullow. we used to be £2-3 a share from 2015-2019. Tullow is now aggressively paying off debt and increasing oil production and getting its act together. wake up people. Tullow turned the ship around and now we are steaming ahead in the right direction. Oil at $84 is even higher than expected from all our forecasts. Tullow is in a Very good position that's why the sp is going up and up and up. It will continue. TULLOW DOES NOT PAY UK WINDFALL TAX !!!!
Tullow is the Best stock in the FTSE for high oil price stock recovery.
In September we are entering back in the FTSE 250 and in 3 years no doubt will be back in the FTSE 100.
Great tullow is entering into FTSE 250 next month.
https://www.google.com/finance/quote/TLW:LON?window=1M