Tullow Oil Share Discussion Threads

[suffersnofools] 29/9/2016 09:50

Why the obsession with shorters here? They will often be hedges against other related positions.

Worry about the oil price and the company executing on its strategy - much more relevant to the share price performance.

[zingaro] 29/9/2016 09:47

Nicebut: we won't know about the yesterdays shorters until 17:30 as "You should notify us of your positions by 3.30pm on the trading day after the day the position was reached" and of course, the FCA tables are only published at 17:30.

[gregpeck7] 29/9/2016 09:37

Shorters here will burn. Always good to see!!

[nicebut] 29/9/2016 09:28

15.62% short////not much change.

[kevjones2] 29/9/2016 09:28

No, they haven't, ArgyleRich. It'll be interesting to see if there's any reduction at all in the shorters!

[azalea] 29/9/2016 09:25

It is reported, that whatever agreements are reached in November as to who reduces their oil output and by how much, they will not take effect until January. With OPEC reported to be aiming for a cut of 750,000 bpd,Iran may not participate, or be exempted from making a cut. In which case the question to be answered is at what point will it make the cut. Its pre sanction output was 4m bpd, against its reported current production of 2.8m bpd. In which case, every barrel it produces over 2.8m bpd, that number will come off OPEC's cut of 750,000 bpd.
What p.o.o. will it take to attract higher oil production by non OPEC producers?

[argylerich] 29/9/2016 08:41

The big ones haven't started to close yet 😉

[specul82] 29/9/2016 08:27

Guess the shorters have lost a few positions this morning

[pounddreamer] 29/9/2016 08:27

Russia have yet to chuck in their xxxk/barrel cut.
After all they brokered this OPEC deal.

[pounddreamer] 29/9/2016 08:25

Tullow Oil (TLW): Trend channel target at 300p
One of the clichés associated with the stock market is the phenomenon of stocks or markets climbing a wall of worry. This would certainly appear to be the case for Tullow Oil, a company which fulfilled the dreams of “punters”; in the sector by becoming a fully fledged blue chip company, but which has rather been on the back foot in recent years. This state of affairs was of course not helped by the crash in the Crude Oil price a couple of years ago, and as is so often the case, it has taken a while for the shares to regain their composure. But at least what can be said now as we approach the fourth quarter of 2016 is that we are looking at a rather robust charting position, something which is said in the wake of the July-August bear trap rebound from below the 200 day moving average, now at 207p. It may also be noted that since the summer we have an island bottom reversal based around the 200 day line, a setup which should be enough to deliver decent upside over the next 1-2 months. The assumption to make is therefore that while there is no end of day close back below the November price channel floor/200 day moving average we should be treated to a decent push towards the 2015 resistance line projection, currently pointing as high as 300p.

[wookie77] 29/9/2016 08:24

that has to be a watershed moment..

[kevjones2] 29/9/2016 08:21

Indeed, ArgyleRich. As MidasX said, the Saudis blinked first. Novemeber's meeting will be very interesting. Also, I would hope for a statement from the non-OPEC members too.

[argylerich] 29/9/2016 08:19

Now it's a question of whether the shorters take the hit and start buying back or hope that the deal falls through. They may even increase positions which could be interesting if the deal holds!

[kevjones2] 29/9/2016 08:14

What a nice opening!

[midasx] 29/9/2016 07:26

The more important point is that the Saudis have blinked first in the stand off with the States. They have admitted defeat and that their economy needs higher oil prices.

If the cuts announced do not achieve this then more will follow!

[hearts1] 28/9/2016 21:49

It's a 700k bopd reduction from August, but given the expectation of Nigeria, Iran etc to increase production, it's at least a 1.5m bopd decrease in expected production.It should bring equilibrium and Brent at $55-60.

[paulbiya] 28/9/2016 21:32

Deal OPEC agreed. Cut to 32.5m execution in November.Where is NYBOY

[nicebut] 28/9/2016 14:55

15.65% short now. From 15.36%

[mcsean2164] 28/9/2016 13:27

Seems to be all positive at the moment and strange that inventories are dropping in the face of an oil glut....

Time to top up?

[azalea] 27/9/2016 11:54

The MAD principle which has prevented a world war since WW2, will be the guardian against WW3.

[the grim idiot] 27/9/2016 10:01

These will fly, when Trump starts world war 3.

[azalea] 27/9/2016 09:46

Iran is not going to freeze its oil output. It needs all the money it can get to pay Russia for supplying weapons to itself and Syria.