Member Info for Romeike

Mortality rate is running about 3%. While it is awful that people have dies, comparisons by the likes of Goldman to SARS which ran an 80% death rate at times is nothing but ignorant, or deliberate scaremongering.

Either this holds up or it's 48p by Friday close.

If Tullow is going to drop 7% for every 1 cent drop in PoO we truly are screwed

700K barrels of production a day completely gone from the market for unknown duration, but apparently doesn't matter

The shrinking US market contributed heavily to Schlumberger’s loss of $10.1 billion in 2019. The year prior, Schlumberger reported an annual profit of $2.2 billion.

On 21 January, Halliburton posted a $2.2 billion quarterly loss from its pressure pumping business and said it ended 2019 with a 22% reduction of its fracturing fleet. The firm’s net loss for the fourth quarter was $1.7 billion.

“The US shale industry is facing its biggest test since the 2015 downturn, with both capital discipline and slowing leading-edge efficiency gains weighing down activity and production,” said Jeff Miller, the chief executive of Halliburton.

https://pubs.spe.org/en/jpt/jpt-article-detail/?art=6516

This has been squeezed enough, hopefully this turns out to be the bottom and a recovery trend can begin.

The implication -could- be that progress elsewhere is enabling this. We can only hope that the various partners have reached an agreement, if so this would be a game changer for the share price, and if Tullow has retained something like the originally proposed stake that is future production baked in.

Good find

The climate hysteria in the news at the moment doesn't help.

New CEO ( if good ) will add 20% INMHO - at least that, yes, possibly more in this case as the share is so ridiculously oversold.

There were severe floods across parts of Kenya over Christmas that have damaged roads. Trucking oil to Mombasa will resume once repairs are complete.

Look at the Brent intraday, as it goes uptrend TLW will follow after delay as autotrades change direction

If Mrd5432 is selling it is time to buy

Suspect low will be 48/49p

Halliburton CEO comparing the situation in US onshore with the 2014/15 collapse

https://www.houstonchronicle.com/business/article/Halliburton-CEO-U-S-shale-industry-facing-14993554.php

Shorters just want to maintain the downtrend

Unfortunately until they get a CEO on board communication will be limited as they won't say anything that may be overturned by the CEO who must be allowed to implement their own strategy. It is a shame this leaves is shareholders adrift in the meantime. I don't anticipate an announcement on CEO until March simply because these things take time.

The is a good argument for promoting an internal candidate who already knows the company inside out and can assume the position at low cost. However, the market might appreciate an external candidate who can bring a totally fresh perspective.

I want the new CEO to bring an immediate focus on Ghana, Uganda, Kenya. Some issues are outside Tullow's control, such as Africa Oil financial issues re Kenya, however there is a great deal that an effective CEO could do and it might require some deft deal making.

On gas off-take there is a small piece of information available in that work happening next week should improve gas handling. Water injector tie in later on should give production gains.

taking massive write offs, warning on revenues, cutting their US onshore services capacity in half and yet to listen to the EIA/IEA you'd think they will be pumping oil at faster rates forever more

Not only will he obviously be a 'hold' but he will be engaging with the company to help them where possible, just as he said he would when he was interviewed on the matter.