Tullow Oil Share Discussion Threads

[spacedust] 13/10/2015 12:54

The only reason oil is going down is coz gold man sucks said so and reiterated yesterday nothing else. Read my post on the ophir thread which is ghastly covered in more detail. Opec vs goldman sucks

[azalea] 13/10/2015 12:46

holmess
For the numerous months I have been commenting on the influences and direction on the P.o.o.,I think you will agree I have been proved correct(to put it mildly). The only reason Iran has signed the nuclear deal is so it can rebuild its severely weakened economy with income from increasing it sale of oil, thus adding to the supply side. Until global demand for oil outweighs supply to a notable degree, the p.o.o, stay depressed. A single day movement in the p.o.o. is unimportant, its the trend and the influencing factors in play that need to be watched. To suggest that Iran putting another 1m barrels on the open market in the near term is a minor factor, will only be proven once the sanctions are lifted.

[holmess] 13/10/2015 10:04

It's just normal low-volume chop. As usual we're waiting to take our lead from the US. There are always way too many factors to attribute one specific event to share price moves.

Azalea - I think you're the only person in the world so obsessed with Iranian oil :) - It's such a minor factor in the overall picture driving the PoO, If the share price goes blue this afternoon is that also then down to Iranian oil?

[azalea] 13/10/2015 09:26

Iranian government has approved the nuclear enrichment deal with the U.S., which draws nearer the sale of of its oil to countries in the West.

[ifthecapfits] 13/10/2015 09:00

Following oil down.

[warwick69] 13/10/2015 08:59

That's more like it way over sold this morning

[warwick69] 13/10/2015 08:51

Yes why ?..

[blueball] 13/10/2015 08:50

Testing new lows again.

[warwick69] 13/10/2015 08:43

Why is this falling so fast falling more than the oil price odd

[repairer1] 13/10/2015 06:55

Last chance to buy cheep first thing, share price will dip again followed by a sharp rise finishing 251 imo. Gla

[siwel3] 12/10/2015 21:46

Oil price falling hard again, perhaps testing recent lows again.

[jovi1] 12/10/2015 20:20

Likely big move tomorrow but on the wrong direction

[shaws67] 12/10/2015 16:37

TLW Closing Price:242.1p

[spacedust] 12/10/2015 16:36

A pull back was due. Next stop 300p

[gregpeck7] 12/10/2015 15:01

This share just does not 'do' small moves!

[shaws67] 12/10/2015 14:51

fk, bought this morning, went out most of day, came home to see it has risen just above my buy price and fallen nearly 10p again below it. bummer. lol

[gregpeck7] 12/10/2015 12:37

Nice recovery today. Oil holding firm.

[top tips] 12/10/2015 11:22

IGAS looks interesting again.

Oil production to be 2750 boepd 2015/2016.

Net operating costs cut to below $40 bbl.

Brent crude price above $50 bbl and should increase in 2016/2017.

Cash on balance sheet of £46.4m at 31/5/2015 (including from Ineous farmout).

Partners carrying them on work programme of $285m.

Planning system further streamlined to help speed up process.

Should be back above £1.

[cricklewood] 11/10/2015 21:58

Qatar sees oil price recovery in 2016
Qatar's oil minister said on Sunday he saw signs of an oil price rise in 2016 because of a recovery in the global economy and growth in demand.

POSTED: 12 Oct 2015 00:24

DOHA: Qatar's oil minister said on Sunday (Oct 11) he saw signs of an oil price rise in 2016 because of a recovery in the global economy and growth in demand.

In a statement, Energy Minister Mohammed bin Saleh al-Sada - who is also acting president of OPEC, the Organisation of the Petroleum Exporting Countries - said the oil price has "bottomed out" and he sees signs of recovery next year.

He said world GDP growth in 2016 is slated to be 3.4 per cent as against an expected 3.1 per cent in 2015, and that this would result in an increase in global oil demand by 1.3 to 1.5 million barrels per day (bpd).

Growth in supplies from non-OPEC producers over the past five years has substantially reduced in 2015 and is likely to show zero to negative growth in 2016, the statement said.

"On the other hand, call on OPEC oil is expected to become healthier from 29.3 million bpd in 2015 to 30.5 million bpd in 2016 as indicated by increasing demand from both developed and emerging markets," it said.

Sada added that current low market prices have spurred oil firms to reduce their capital expenditure by almost 20 per cent this year from US$650 billion in 2014.

"This trend of reducing investment in the oil industry could result in production shortfalls down the line," the statement said.

Venezuela - which has been trying hard to persuade oil producers to cut output to boost prices - said on Thursday a technical meeting of OPEC and other crude-producing countries would take place on Oct 21.

[spacedust] 11/10/2015 16:54

My prediction for tomorrow is that the share price will either go up or down. If not It will stay the same - this prediction is destined to come true haha.

Banks down this week oilies up.

[jovi1] 10/10/2015 22:37

The analogy of the lift come into play very well here again
Try to find the bottom is an impossible mission consistent adding small amount is the way forward to me.
We are on the 5th floor and want to go to the 10th floor, ideally we get the lift on the way up but not always possible so we get on and if the lift go to the 3rd floor before you can press up, well that take longer but ultimately we still go there.
Clearly do not work for day trader but for me this are good time on the way up and opportunity on the way down.
If you believe that oil will recover as a new cycle is starting or soon will, and the O&g companies you choose can ride the storm then avoid second guess this market.
Sure we maybe will have some profit taking but remember is generally oil price that follow the share and not the other way around as most believe.
Good luck

[shaws67] 10/10/2015 21:51

I will once i see what the dow and ftse as showing at 7 am on monday.

Still a long way to go in tlw sp, 4 smackaroonies within time but if one can buy 20p lower, all the better. :)

[gregpeck7] 10/10/2015 21:43

Like saying you are going to flip a coin...

[shaws67] 10/10/2015 21:31

Looking for a small pull back on Monday to take the heat out of overbought Stochs and RSI.

It may or may not happen.