Tullow Oil Share Discussion Threads

[shaggies_view] 20/8/2015 13:29

Tullow - What ever way you slice and dice this chart it is UGLY!
Possible bounce at the 190p level. Once 1400+p

Shaggy


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[holmess] 20/8/2015 12:44

who wouldn't! ;)



I intend to start buying Premiere soon as well.....

[ny boy] 20/8/2015 11:20

Yes who, answers on a postcard!

[stevenrevell] 20/8/2015 10:55

Who will want it

[holmess] 20/8/2015 10:28

I suspect the takeover wheels are already in motion.....

[phowdo] 20/8/2015 10:23

I think near-term we could see a significantly lower WTI spotprice ahead of the December OPEC meeting as storage becomes critical amid US inventory builds. Unless the world economy falls off a cliff then its heading back to $65+ after that. Short term pain, long term gain.

[ny boy] 20/8/2015 10:17

Majors are never in a hurry to pick up these types of stocks, they can afford to wait and see how many survive, everyone's on holiday too. Majors are busy putting their own houses in order.

The wealthy never move fast, unless there are absolute bargains, I deal with many, I should know.

[holmess] 20/8/2015 10:12

I'm not convinced, I think oil is near the bottom already and we'll see $45 before $35.

Plus the TLW debt is serviceable and is already priced in. It's now more a question of looking at what the portfolio is worth to the majors - and i'd say more than 188p per share........

[ny boy] 20/8/2015 10:07

Not short, this is just a stock that is faring a lot worse that bigger outfits as the debt levels are high.

Crude hits $40 expect a short term bounce but longer term will probably base out $30/33 approx

[holmess] 20/8/2015 10:06

You can't blame the shorter - they've called it right so far! But overconfident bears and stale bull capitulation is a pretty good indicator that a bounce is due. And it's the short covering that will drive the rally ;)

[holmess] 20/8/2015 10:02

NYB - I'd want to see a daily close below the channel before deciding. I suspect a false break down then a bounce, just had a small nibble as a trade ;)

[mr aboii] 20/8/2015 09:52

--- holmess 20 Aug'15 - 09:39 - 21809
--- valuation already puts the company well into takeover territory.....

Music to my ears, La La la la la

--- NY Boy 20 Aug'15 - 09:52 - 21810
--- Broken the key down channel trend line, could easily sink to 100p

Yes, yes, yes, yes, oooooh, relieving now

Win Win Win all the way, whatever the scenario :)

[ny boy] 20/8/2015 09:52

Broken the key down channel trend line, could easily sink to 100p, or lower the general rout is not over by far. Final lows probably October/November. Debt levels here are high and may become more of a problem as the share price sinks.

[holmess] 20/8/2015 09:39

As a trade an entry point is near - a lot of shorts will close out on the upswing driving a recovery rally imo. However, as a buy and hold it's difficult to call - although I think the valuation already puts the company well into takeover territory.....

[investordave] 20/8/2015 09:33

But the question is whether TLW is a buy yet?

[holmess] 20/8/2015 09:26

Yes I suspect the rebound will be sharp - timing is everything as usual

[mr aboii] 20/8/2015 09:23

Fill yer boots time is coming, me thinks

:)

[cricklewood] 20/8/2015 08:19

WTF is going on FFS.

[dlewis1] 20/8/2015 08:19

Can't believe I didn't sell this at £411. This is not for the faint hearted. Think this will head to £150 if it doesn't hold at £180.

[azalea] 20/8/2015 07:56

Time will tell. Whatever oil Iran sells to China, its clearly not enough to prevent its economy being on the skids. Iran's oil fields have been starved of maintenance, equipment and the latest technology. All of which will be corrected if sanctions are lifted.

[phowdo] 20/8/2015 07:37

Irans oil supply build will only be gradual.
Who do you think they were selling all their oil to previously? It was going out the back door to the likes of China.

[azalea] 20/8/2015 07:33

NY Boy
The sole purpose of Iran agreeing to a deal over its nuclear enrichment programme, is to get US sanctions on its sale of oil to Western countries removed and thereby earn hundreds of millions of dollars which are badly needed to revive its economy. If successful, Iran will immediately take steps to boost oil production with numerous oil companies rushing to win contracts from the government. There could already be in waiting a pent up oil supply ready for immediate sale, once sanctions are lifted. There is no way it will take several years for Iran to boost is oil production.