Tullow Oil Share Discussion Threads

[holmess] 31/8/2015 19:42

Currently up 7% - if that holds overnight tlw will open around 240p imo

[spacedust] 31/8/2015 19:41

Oil is up seven per cent

[vyke82] 31/8/2015 19:24

My average on TLW is 295, hopefully by the end of the week we get there

[vyke82] 31/8/2015 19:23

Yes, what a rally in oil. The otc listed unsponsored ADR of TLW are down currently.

[0rient] 31/8/2015 18:51

300p tomorrow ;-)))

[holmess] 31/8/2015 17:24

Make that up 4%

hxxp://quotes.wsj.com/futures/CRUDE%20OIL%20-%20ELECTRONIC

[holmess] 31/8/2015 16:38

@vyke - WTI currently UP 1% and rising ;)

EIA Cuts U.S. Oil Output Estimates Year-to-Date

hxxp://www.wsj.com/articles/oil-prices-start-week-on-softer-note-1440984590

[spacedust] 31/8/2015 10:50

Hector, what do you mean look at today's rise?

[vyke82] 31/8/2015 10:12

Oil down 2% today. Lucky UK is closed

[hectorp] 31/8/2015 09:58

While I'm keen on cheap oil prices for driving and industry, I see crude rising for months ahead, as OPEC should start to cut output. Saudi may have blinked.

IF so TLW has seen its floor and should recover at least 50% in coming months .
Look at todays rise, just the start. So I have returned long TLW .

Only possible downside will be if China growth is further marked down below say 5% to 4 or 3%. That is very probable.

[flyingbull] 30/8/2015 15:21

Black Monday (in August this time!) has come and gone! The September oil stock challenge is now on. Deadline for entries is midnight on Tuesday...



Good luck!!!

fb

[vyke82] 29/8/2015 19:11

Hopefully the rally in oil is sustainable and not simply short cover.

[gregpeck7] 29/8/2015 07:11

Markets always overreact high and low, oil went too low, expect it to trade in the high forties to low sixties in the short term I expect, which should see a good 50 - 100p going on here short term.... Lots of shorts still to be squeezed...

[spacedust] 28/8/2015 16:57

Also citi have a price target of 350 which is guaranteed to be reached at some point perhaps in September or at some point this year and that's as much a fact as there being a bank holiday Monday in the UK at some point this year

[holmess] 28/8/2015 15:58

Herby - About as much as the bears do Me I suspect. At 185p/183p where I bought a few in the 25th, you posted that we should all 'stay clear' :D (so that's +40 or 20% for the trading positions I just closed out so I can relax over the long weekend) they were all assuring me that 200p support had failed, oil was going to 50c, world was ending etc, ;) - reality is NOBODY knows and this stock is already on its knees and massively oversold so I'll trade the chop and build a nice big position for when the herd get told to buy in again around 400p ;) - been there, seen it done it........Enjoy the bank holiday everyone.

[herbyrainer] 28/8/2015 15:35

LOL you guys crack me up - 2 days and a bit of blue and you think everything is all rosy and are wetting yourselves. Don't get me wrong, I don't wish anyone to lose money I'm just commenting on the bigger picture. Good luck

[cat100] 28/8/2015 13:52

Most times the herd are right.

[gregpeck7] 28/8/2015 12:20

+1 I think around here will become the floor,

All of these people saying oil will crash did not see the actual fall from $100 coming, now they think it will drop from $40 to $25... Ignore the herd....

[phowdo] 28/8/2015 12:19

I reckon good chance of another (temporary) crude low between now and yearend.
However risks are to the upside from these levels with possibilities of OPEC emergency meetings or supply disruptions etc.

[0rient] 28/8/2015 12:06

Only $45..more like $65 if OPEC hold an emergengcy meeting and stem production. Tullow back over 300p in a flash :-)

[cat100] 28/8/2015 12:04

mccracken227 hurting the Saudis might be the plan