Member Info for Slift

Personally, I think there will be a correction of some sorts.
US GDP @ -4.8%
EU GDP @ -3.8%
Unemployment in both US and Europe will be/are high. We in the UK will try to limit it as much as we want, but government won't keep companies afloat if coronavirus has affected them drastically.
With Gov debt at close to 90-95% of GDP, there is a limit to how much more the gov can borrow. Having said that, the government really needs to wake up and do something about all of this. Economy, coronavirus, peoples lives.
I definitely don't think the UK government has handled this pandemic well, and it will definitely be reflected in the future.

It's very hard to predict a correction as it requires people "waking up" as you say. Whether it occurs tomorrow, next month, next quarter, next year, who knows?

As a young person, my advice to everyone on this board would be to take every opportunity. And to do that in the stock market, you need to hold cash and stocks!

As Martin Lewis would say, to be successful, you need to be lucky.

Ofcourse, this is all in my own opinion. Throw me in the bin :')

Think that's oil in general Yuri. Mainly from the Middle East!

How does that impact Tullow?! Are the tankers going to occupy the exploration sites in South America for the next 5 years?! That'd be a shame.

Some explorations/drilling in Guyana has produced positive results. I'm sure Tullow will find a big one in one of these spots.

Guyana
Jethro Well - https://otp.tools.investis.com/clients/uk/tullow_oil/rns/regulatory-story.aspx?cid=495&newsid=1321231
Joe Well - https://otp.tools.investis.com/clients/uk/tullow_oil/rns/regulatory-story.aspx?cid=495&newsid=1329058
Carapa-1 Well - https://otp.tools.investis.com/clients/uk/tullow_oil/rns/regulatory-story.aspx?cid=495&newsid=1356038

Worth a read if you're bored! Definitely better than reading the arguments recently on this board!

2x in Guyana
3x in Suriname

Think that one in French Guiana came up dry like many years ago? Someone can correct me here.

Useful chart on Guyana/Suriname explorations.
https://guyaneseonline.files.wordpress.com/2017/10/guyana-suriname-oil-map.png

Exxon operated Liza field discovered 8 billion+ barrels worth of oil reserves.

Whether Tullow rises 10% or drops 10% tomorrow, you decide what this company is really worth (in soybeans ofc!)

GLA!

Sure is a little hostile here today!

Let's all hope China buys $250b worth of soybeans as promised during the trade deal!!

Omg Tullow going to takeover Shell?!

Brent Spot: $23.11 (+8.86%)
WTI Spot: $8.38 (+4.62%)

DEFINITELY more upside in WTI spot from May (tomorrow).
- Texas Railroad Commission to propose 20% cuts in texas (proposal to be put forward first week of May)
- Trump to reveal "help" or "support" for the American oil firms tonight
- OPEC+ cuts begin
- Canada and Norway cuts
- Continual reduction in production through bankruptcies (Chesapeake Energy soon to file for bankruptcy)
- More lockdowns easing

HOW WILL THIS AFFECT TULLOW?
No idea, but it's good info for everyone here :)

You're looking at the Front Month brent price :)
It's supposedly meant to settle today.

HOPE YOU BUY BACK IN SOON mate. You already know where this is headed!

N.B. Brent July Futures - $25.50

As of 28th April,

FTSE250 automatic entry market cap is approx £580m market cap.

Tullow is required to be 41.2p for FTSE250 automatic entry.

Looks like a big gap, but is it for Tullow?

GLA.

Both Brent and WTI futures looking very positive, up until 2023.

I just find it funny how some people sell one of the most undervalued oil stocks in a time of oil recovery...

9.49% shorts at close of play 28th April.
Add or reduce, but this is going up to reward valuable long term holders.

"Sector thing that “looks at a portfolio's resilience to low oil prices, its ability to generate sustainable organic growth, and the reliability/perception of the asset base”:

• Adjusting to a new reality: The rapid fall in demand and oil prices has led to the industry cutting capex, cancelling dividends, and reining in expectations for 2020. US shale players will be hit worst, but the crisis has cut short a period of relative optimism for the exploration and production (E&P) sector. Now more than ever, stock selection is key, and positioning in those names that make it through will generate powerful outperformance. Those companies without material upside potential and/or a differentiated strategy or capability will lag regardless of the sector re-rating.

• A great opportunity; where investors should be looking: A base case which assumes demand and confidence returning during H2 2020 provides a clear opportunity - a likely upturn in the oil price should generate outperformance across the sector, and an underweight strategy is likely to underperform on a 12-month view. On average, our coverage is trading on 2020/21 EV/EBITDA multiples of 4.7x/4.3x, and several companies are trading below core NAV (ie Gulf Keystone, Kosmos Energy, Jadestone Energy and Tullow Oil)."

Have fun buying it back for higher than the 26.06p you sold on Wednesday buddy :)
Maybe you'll be able to trade that for a 1p/share profit again ;)

GL!

Debt = has to be paid back.
Liability = obligations.

I hope you complete your masters with this extra knowledge!!

"7 billion of debt"

WRONG.

lol, do you even do your research BTFATH1?

With that economics degree, can you not read the full accounts? :')

HEMO: "Bought 30k at 8.5p was does this company do ! When I open my first casino your all invited !"

Steve, do you actually make money investing like this? lol

Supposedly filing for bankruptcy.
They produce 484k barrels/day.

If wells are shut in, another half a million barrels from supply.

Harvey110, you might want to do some more research.

But just to help, here's why:
- 60% (45,000 barrels/day) of production is hedged at $57/barrel for 2020.
- Futures oil price has risen (Value of assets increased)
- Company has a lot of liquidity following RBL confirmation (and lender support)
- Asset sales has only provided more liquidity
- Further asset sales are to be expected in the short term (Kenya)
- Tullow has exploration sites in Guyana (right next to the same spot where Exxon discovered more than 8billion barrels)
- Cashflow breakeven at $35/barrel
- How low can oil go? --> only going to rise in the future
- Economy in general is rising (Wall street, ftse100, etc)
- Demand of oil is more than expected (See crude inventories)
- Lockdowns easing --> more cars and trucks using petrol
- Man, i could go on........

But obviously there are still uncertainties
- Storage issues
- COVID19
- etc.

Omg jaffjoon, What have we got to lose!?

What if I set my shares at say.. 100p and it sells?!
I'd cry!!