Member Info for xel123

Let's not be nasty to people. Life is too short . 1000's of people dying every day. Let them come out and explain

Love to hear some thought about the today's market.
Hope you both well.
Good luck

Doesn't seems market react to Brent anymore at least for last 2 days.
Brent lost more than 30% over last 2days and TLW lost less than 10%.
Correct me if I'm wrong
Thanks

Thank you

Great find Marcel,
What is your position with TLW ?
Are you TLW share holder ? Or you are shorting this share ?
Thank you

Young,
Thank you for your honesty

Young ,
Good analytical answer
What is your position with TLW ?
Are you holding TLW share or you are shorting this share ?
Thank you

We might see another OPEC+ meeting soon and this time they may get serious
https://www.bloomberg.com/amp/news/articles/2020-04-21/-this-has-changed-everything-saudi-economy-shaken-by-oil-crash

Let's give him a chance to explain

Berni,
Do you think TLW will go under ?
Thanks

TLW selling Brent not WTI right ?
Also TLW has hedge 60% of the production at 57 right ?
Please correct me if I'm wrong
Thanks

Can some one please explain who lost the money due to this unprecedented WTI oil price today?
Is it Oil companies ?
Is it traders (shorters, future buyers/sellers ?)?
Or some one else ?
Thanks in advance

Oldtimer
"As I say, just can’t see tullow lasting longer than the lock down."
Even with the worst case , with 40% reduction of the production TLW can get to $936Mil with the hedging. Also they have around $200-300mil cash.
Why do you think TLW will not last longer than the Lockdown ?
Many Thanks

Thank you.

Hello Oldtimer1963,
Do you mind sharing with us about this
"Very grim reading" . You seems to have some knowledge/information about this.
Many thanks in advance

Very well explained as always. Thank you.
Why TLW got so much of negativity in this board ?
Specially when TLW pretty much safe even with the 40% revenue reduction ?
Thank you

Thank you Slith,
Lest say our production reduced by 40% due to the less demand. We should still have a revenue of $936mil.
This money is not enough to cover the cost and other financial commitments for the rest of the year ??

Slight,
Do we get the full revenue including hedge regardless number of ballers produced for the year?
Or the revenue is based on the number of barrels we produced at the end of the year?
Anyone think we will produce less than our prediction (70-80mil) for 2020?
Thanks

Thanks Berni,
Do you it makes no different to oil industry ? (Price ..etc)
Do you know the demand in 1999 and 2019?.
Thanks

At this rate , it's looks like Shale is going to go under. If that's the case , what does this means to Brent Oil ??