Tullow Oil Share Discussion Threads

[simon8] 29/4/2016 15:56

Is Leonidas really that big a prat or is this some kind of humour he's engaged in?

[yeah man] 29/4/2016 15:34

LEONIDAS is an ASS.

[eipgam] 29/4/2016 15:16

That is well balanced, thoroughly researched, valuable advice you have given us for free. Thanks so much....

[leonidas] 29/4/2016 15:08

You had your fun the share price dropping like a stone with bank holiday coming a lot of punter will get rid of the stock YOU HAD YOUR FUN .GAME OVER share price droping like a stone.

[kevjones2] 29/4/2016 14:52

Wow. The share price reached £2.90. Very nice.

[kevjones2] 29/4/2016 09:44

Irish Independent news article today:

[nicebut] 29/4/2016 08:46

Odey increased to 3.9% on 27th! c35.5m shares

[kevjones2] 29/4/2016 08:42

'Turret up and running again' news should see this rise. I'm gonna wait until then before doing anything.

[dave19w] 28/4/2016 22:40

Rocks star share right now buy buy buy

[mcsean2164] 28/4/2016 22:33

This in response to

Approximately 33 billion barrels consumed per year and 865 billion proved global reserves.

So 26 years proved reserves.

"The proven oil reserves in Saudi Arabia are the second largest in the world, estimated to be 268 billion barrels."

If this is now halved as suggested by Professor Michael Jefferson and Saudi continues to produce at approximately 3.5billion barrels a year, how long can 10mbpd be sustained.

Say 134 reserves at max capacity = 38 years to no more oil.

However, it's unlikely to pan out that way. Considering 40% of reserves have been consumed, presumably flow rates will reduce and maybe we are looking at peak Saudi Oil in the next 5 - 10 years. After that, it may be difficult to sustain 10mbpd. It's possible in 15 - 20 years Saudi will only be able to pump 7 - 8 mbpd max.

I can't see that 'keeping prices low' would in anyway affect Iran. Isn't it more likely that 'keeping prices low' allows the Saudi's to buy resources cheaply which they can sell again when oil rises?

Do you think the Saudi's want to float Aramco when oil is low?

TLDR

Saudi is preparing for lower oil production.
They are pretending they have infinite resources for the float
Oil will soon be back to where it was for the float.
Demand at 90mbpd has NEVER been higher

Let's not forget the 2007 prediction




Will be interesting to see if the last prediction is correct...

[brucie5] 28/4/2016 18:52

rossannan 28 Apr'16 - 17:50 - 26713 of 26713 0 0

Happy days. Average price here just over 140p, wondering if 400p would be enough, assuming that it happened fairly soon. What targets do other people have?
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Vagaries of PoO aside, this is one of the best charts you're likely to see out there. Probably not a bad idea to let it ride; so long as you have a handle of your risk/sizing. I have no specific target, though there are lines of resistance.

FWIW, NAI.

[flyingbull] 28/4/2016 17:36

Looks like April is a good month for a lot of the oil stocks. Hopefully the momentum continues till at least the end of the year!
The May oil stock competitions are now open for entries, click on link below.

[moneybags] 28/4/2016 17:15

And the best bit is that they have probably saved a lot of money from their oil rig breaking down while oil was at it's cheapest......!!
Nice one Tullow.......

Regards , MoneyOilyBags , Glastonbury



Panic Investor.....From the planet gong...!

[panic investor] 28/4/2016 16:38

where did all these weird posters come from ?

[scemer] 28/4/2016 15:46

Leon u work for odey?

[swerves1] 28/4/2016 14:34

Gersemi, we shall see what happens!!Maybe you will be the clueless one then

[gersemi] 28/4/2016 14:26

Premier - Charts and All - PMO
swerves1 - 12 Apr 2016 - 14:18:03 - 14119 of 15498
Yes agreed, no risk if oil is above $45. But it's not!

-

Brent now at $47

Clueless

[leonidas] 28/4/2016 14:25

NOW UP 27.50 FROM 31.40 see post 26700.

[swerves1] 28/4/2016 14:22

Probably better to short PMO now. Could be a rights issue coming there imo