Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Guys just sit tight, there is going to be some volatility along the way. But believe in the long term this is going up.
The whole market is a bit shi**y at the moment. Sentiment will soon change heading into winter with a sky high oil price and plenty of upside for financially stable oiliers like Tullow. LTH perseverance will bear reward.
Summary from Article 15/09/2021.......
Tullow Oil share price recovery
I think these figures show that after the upheaval of the past 18 months, the company’s finally back on a stable footing. It’s generating positive free cash flow, debt’s falling, and higher oil prices are allowing the group to recoup capital investment costs.
The company believes that assuming oil prices remain above $60 a barrel for the rest of the year, it’ll earn a free cash flow of $100m. This could hit $150m if the oil price averages $70. These figures include all capital spending outlays.
Last year, the company nearly collapsed after the coronavirus-induced oil price slump hammered its balance sheet. Thanks to higher oil prices and after the debt restructuring, Tullow’s gearing level has fallen to 2.6x net debt to earnings before interest, tax, depreciation and capital spending (EBITDAX).
The Tullow Oil share price is also supported by $700m of net cash on the balance sheet. Over the next few years, management wants to reduce group gearing down to 1.5x EBITDAX.
If the company can achieve this, I think the stock will have a bright future.
I believe that if the oil price stays between at least $60 and $70 per barrel over the next few years, the company can meet its ambitious debt-reduction goals. That would give management headroom to reinstate the firm’s dividend, or even buy back shares.
If cash flow really jumps, Tullow could even go on the acquisition trail. By combining with another producer, the group could push down production costs and strengthen its balance sheet.Â
Considering this potential, I think the Tullow Oil share price has tremendous recovery potential. As such, I’d buy the stock as a speculative position for my portfolio today.Â
Tullow Upgrades Kenya Project Scope. UK-based oil firm Tullow Oil (LSE:TLW) increased the overall resource estimate of its Turkana project that should now have an output plateau of 120kbpd (up 50% from the previous estimate) with a total of 585 million barrels of oil recoverable.
Oilprice.com  - Sep 17, 2021, 2:00 PM CDT
We're never going to reasonably expect to go up in a straight line (no punt intended!!) as this is the stock market and volatility comes with the territory. You want a fixed return go deposit your cash in a bank. However, we are still 5p up on the week which is 12% - that's one of the top 10 best performers in the FTSE this week!!!
BERENBERG RAISES TULLOW OIL PRICE TARGET TO 55 (50) PENCE - 'HOLD'
Guys the above says it all. LTH's just sit tight and hold. Whether it takes 1 month or 6 months this is going up. All the fundamentals are very positive indeed.
Additionally, once a major partner buys into Kenya project this will sky rocket.
Some really nice big buys registered after close. Should make for a 46p+ opening. Today was just some profit taking by day traders and unfortunately the sheep follow.
A concerted effort by Jeffrey, Bacchussl, January 2 and other Enquest investors to deramp on here. Guys whilst you might not have an honest bone between you, at least try to do the honorable thing and go back to your own bulletin board. Genuine Tullowers are not here to ramp but share honest views. You guys are simply making up a load of bull and sharing the crap on here. It's not on.
RE: Back-Hussel or bacchussl
And you're here on this board because?
January 2:
That comparison is fake news not for the first time. Enquest is a small unprofitable player in the oil market. Tullow is a medium player. Chalk n cheese.
A nice 2% spike in PoO today to coincide with H1 results for Tullow.
Brent up nicely at $75.68 and WTI $72.63.
Again boards well for the sp here. Bring on 50p+
No need to track minute by minute sp movements, just enjoy the rise over the week from last weeks low of 39p. If not today then certainly by the end of the week we will be at 50p. Any uncertainty in the market has been removed with today's H1 results and co. report. No worries going forwards. GLA.
NB- derampers go back to your Enq board. This board is fir Genuine Tullow holders.
5.5% up already now at 47.5p, awesome!!
I'd be disappointed if this doesn't close at 50p+ today given the results. Fantastic!
Officially 47p yes yes yes!!!
Summary from Share Cast this morning confirms fantastic results:-
Oil exploration outfit Tullow Oil reported that the group's production narrowed upwards over the front half of the year with group working interest reaching 58,000-60,000 barrels per day. Sales for the period were roughly steady at $727m. However, the group turned free cash flow positive to the tune of $86m, against an outflow of $213m in the year earlier period. Net debt also reduced from $3.02bn to $2.3bn. Going the other way, the company managed to turn a profit after tax of $93m as opposed to $1.33bn of red ink one year before.
January 2:
I see you've popped your ugly head up. Not heard from you since Enquest results day ha ha! Stop talking bull about debt. The H1 results have surpassed all market expectations and prepare for sp to fly here today.
Fantastic results, congratulations all LTH. This will fly today God Almighty willing.
After three consecutive months of declines due to the Delta variant, global oil demand is set to rebound with a 1.6-million-bpd jump in October and continue rising through the end of the year, the International Energy Agency (IEA) said on Tuesday.
In its closely watched Oil Market Report, the agency slightly revised down its full-year 2021 demand growth projection, but noted that pent-up demand and vaccine programs are expected to give rise to “a robust rebound” in global oil demand from the fourth quarter of this year. (Sep 14, 2021, 11:00 AM oilprice.com).
Opinion: We may well see Brent hitting $80 in October. All bodes well IMHO for Tullow sp to get back to 65p in the next 4 weeks.
Bank of America's article available on Oilprice.com predicting $100 in first qtr 2022.