Tullow Oil Share Discussion Threads

[sux_2bu] 17/3/2017 11:57

Coming back to where ?

It's got a long way down to go unfortunately, for holder.

[mj19] 17/3/2017 11:50

Coming back

[nicebut] 17/3/2017 11:49

Didn`t time my buy very well at all!

I see Odey closed a few more over the last few days.

How will the c15% short play this, I wonder? I guess they called it correctly IE were right about the size of the debt.

[sux_2bu] 17/3/2017 11:45

Yup


I'm hearing the rights issue is a scam......70p coming by year end.

[sux_2bu] 17/3/2017 11:39

fking timber! lmfao

[sux_2bu] 17/3/2017 11:34

It might have bounced but it's broke 200p! And about to again, 195p

[gclark] 17/3/2017 11:31

beware the shorting as on the ex-rights date you will have shares added to your account at 130 in the proportion of the offer, so you will be short some shares at 130. This is what I understand. I suggest you check first.

[mj19] 17/3/2017 11:30

According to folks should carry on down on Monday right

[james190] 17/3/2017 11:25

so is this easy money to short to £1.30 if spread betting or should one buy here at £2.00

[mj19] 17/3/2017 11:25

Nope bounced

[sux_2bu] 17/3/2017 11:24

TLW low, 199.80 p so it has.

[gclark] 17/3/2017 11:24

Rich
Thanks for your numbers above. The price should drop to 177p when the shares go ex-rights on 3rd April I believe and any new buyers of shares after then no longer have the right to buy new shares at 130p. But all this depends on what the market will think of Tullow now that it has got more cash.

[frazboy] 17/3/2017 11:23

Surely they will... so long as it doesn't get anywhere near the rights price.

[sux_2bu] 17/3/2017 11:23

It's hanging by a thread now.

[mj19] 17/3/2017 11:22

They won't let it

[sux_2bu] 17/3/2017 11:18

MJ1917 Mar '17 - 11:16 - 28609 of 28610 0 0
It will not break £2
......................................


It's just about to break down.

[sux_2bu] 17/3/2017 11:17

130p might be expensive in a few months time.

Games being played by the City.

[mj19] 17/3/2017 11:16

It will not break £2

[blueball] 17/3/2017 11:13

stay short.

[2jester] 17/3/2017 11:08

You know when you've been insider traded..

:o)

[casino444] 17/3/2017 11:02

........... lastest score ........tullow oil 130 shareholders 0

[rich73] 17/3/2017 10:59

Steve,

This is my thinking too.

So I buy 49 @ (say) 201p and acquire rights for 25 @ 130p = my average at 74 @ 177p.

Have I got this straight.... and if so why is the price not going to drop to 177p or lower?

Rich

[midasx] 17/3/2017 10:56

Get the rights issue out of the way and the company will be on a much sounder financial footing.