Tullow Oil Share Discussion Threads

[upwego] 07/9/2015 21:02

Looking like a screaming buy here!

[mreasygoing] 07/9/2015 20:06

Goldman Sachs Reiterates a Buy Rating on Tullow Oil (LON:TLW) and GBX 351.00 Target

hxxp://www.octafinance.com/goldman-sachs-reiterates-a-buy-rating-on-tullow-oil-lontlw-and-gbx-351-00-target/

[gregpeck7] 07/9/2015 08:35

What exploration wells are Tullow drilling at the moment?

[oilretire] 05/9/2015 20:25

Kenyan partner getting their finances sorted:

[mreasygoing] 05/9/2015 12:39

Massive volume here in recent months. ENQ has similar large volume. Looks like a capitulation and smart guys buying. 400-500p looks an obvious target here if we see a rally in oil.

[kevjones2] 04/9/2015 19:02

Only 16% of shares listed on the London a Stock a Exchange rose today. Bad start for me - I hope I didn't put the mockers on the share!

[gregpeck7] 04/9/2015 14:59

Why the low price today?

[pally12] 04/9/2015 14:33

Need to top keep price low while I get funds

[mreasygoing] 03/9/2015 21:02

I'm starting to see a few higher lows forming. So hopefully we shall see a move back towards 300p. All depends on the POO though. I have nibbled ENQ too, very similar chart pattern.

[kevjones2] 03/9/2015 20:07

I also had a wee nibble today. Can't see any serious developments for about 5/6 months so it's a mid to longtermer for me (6 months onwards).

[mreasygoing] 03/9/2015 19:50

I've had a nibble of these.

[gregpeck7] 03/9/2015 15:01

Iran's infrastructure is in a pretty poor state "gearing up" could take quite a while I would suggest.

[azalea] 03/9/2015 13:25

With it now a virtual certainty that the US will lift sanctions which have previously stopped Iran from selling oil to the West, the former must be gearing up to produce more oil for selling on the open market.

[gregpeck7] 03/9/2015 09:04

Oil looks like its trying to push higher

[holmess] 02/9/2015 14:16

Interesting posts EdmondJ

WTI futures have just moved into positive territory........

[edmondj] 02/9/2015 09:42

He hasn't always been right though:

So far the biggest loser of the commodities dump is BlueGold Capital Management.

Pierre Andurand's $2.4 billion fund lost 20% last week, or $500 million, according to the Wall Street Journal.

The losses are rough (his are the worst yet. Clive Capital lost $400 million.) but Andurand plans to ride it out. He is staying bullish on crude, predicting that oil will hit $180 per barrel.

hxxp://www.businessinsider.com/bluegold-loses-500-million-20-percent-commodities-pierre-andurand-2011-5?IR=T

[edmondj] 02/9/2015 09:30

One of the biggest bears in the oil market has not been swayed by the snap rally that pushed the crude price up by more than 25 per cent in just three trading sessions.

Pierre Andurand, the hedge fund manager who returned 51 per cent before fees last year by betting against the oil price, told the Financial Times that the market had overreacted to signs of slowing US crude production and comments by Opec. He believes prices will head lower again, possibly dropping below $30 a barrel.

“The market will remain oversupplied in 2016 and 2017,” said Mr Andurand, who predicted the 2008 oil spike and subsequent crash. “We need low prices for longer to rebalance the market. There are no quick fixes.”

His hedge fund, Andurand Capital, is up 10.3 per cent before fees so far this year — 6.5 per cent after fees — and rose 2.5 per cent in August, despite the 27 per cent price oil rally between Thursday and Monday. That spike moved both Brent and US crude into positive territory for the month, closing August at $54.15 a barrel and $49.20 respectively.

Oil prices reversed course again on Tuesday, with both contracts dropping almost 8 per cent by mid-afternoon London time, with a contraction in China’s manufacturing sector refocusing traders on slowing economic growth in the world’s largest commodity importer. Brent dipped back below $50.

Mr Andurand said there was “nothing new” in comments on Monday from Opec, the oil producing cartel, which some traders had interpreted as indicating the group wanted to co-ordinate with other producers to raise prices. Equally, a new survey from the US Energy Information Administration showing US output fell between April and June should not have been a surprise, he said.

“It was well expected by us and other market participants that US production peaked in April and has been declining,” Mr Andurand said.

“[But] we don’t expect US production to go down much further, maybe another 200,000 b/d relative to today. That’s not going to be enough to rebalance the market so there needs to be supply cuts from other countries.”

Operating out of an office in London’s Knightsbridge, dominated by two giant tropical fish tanks alongside the usual banks of multi-screened trading terminals, the French-born fund manager said recent volatility in oil was attracting more investors.

The fund manager, located opposite Harrods, the department store famous for attracting a different kind of oil wealth, has assets under management of around $575m — a near 50 per cent increase since January — driven by new investor cash and positive returns so far in 2015.

While Mr Andurand has always bet on big oil market trends since first making his name at hedge fund Blue Gold in 2008, his present operation remained nimble enough to be able to pare back positions when the market turned suddenly, he said.

He said while oil companies were slashing capital expenditure, the long lead times on most projects meant the impact would not be felt on supplies in the market until around 2019. As such, US benchmark West Texas Intermediate could fall as low as $25 a barrel for up to a month this year, he said — a $20 fall from levels on Tuesday.

“I would expect the range for WTI to be $25-$50 over the next two years.

“If we stay at almost $50 WTI I think US production will grow again relatively strongly.”

[olieslim] 02/9/2015 00:04

Interesting observations today, bobsidian. Thx

[spacedust] 01/9/2015 11:49

What time is the USA data out today

[bobsidian] 01/9/2015 11:06

<<Bang head on desk mode>>

"You're confusing company specific micro situations with the the global macro picture."

You choose to make your macro point on a company specific bulletin board. And then you suggest there is some confusion about the point you are making relative to the fate and fortune of oil companies.

The two issues are intertwined ; macro plays out in micro settings. They are not unrelated. Take a look at the most recent percentage recovery in the share price of TLW and contrast that with the percentage recovery in the price of oil.

Nevertheless, as others have pointed out, market forces were happy to push the share price of TLW down at a rate of gearing of around 1.5 x movement in the price of oil but are only prepared to allow a share price recovery at around 1 x movement in the price of oil. Typical sector bear market behaviour.

[holmess] 01/9/2015 11:02

<<Bang head on desk mode>>

"It was the speed of move in the collapse of the price of oil which ultimately caused AFR to fall into administration. They are not unrelated events."

You don't say bob ;)

But buying AFR has NOTHING to do with my point about the oil price.

[dlku] 01/9/2015 10:59

how long before bids in the sector

[bobsidian] 01/9/2015 08:50

Of course there is no confusion.

"Picking the wrong investment, AFR, is not the same as getting the wrong side of the oil price."

How do you think oil companies generate revenues ?

It was the speed of move in the collapse of the price of oil which ultimately caused AFR to fall into administration. They are not unrelated events.

[holmess] 01/9/2015 08:36

Yes there is.

My comment "It was always going to be the case." relates to the oil price. You are talking company specifics. Picking the wrong investment, AFR, is not the same as getting the wrong side of the oil price.