Tullow Oil Share Discussion Threads

[asusasus] 28/7/2015 08:22

Shorts covering their positions ahead of results tomorrow. Could we get a short squeeze?

[careful] 28/7/2015 07:52

speculators took the price of oil up to $150 then back down to $20 in 1990's.
G.Bush senior visited the Saudi's to ask them to pump more.
it was speculators they said, not supply demand.
Then down it went to $20.

The demand is a record 93m barrels per day right now and rising.
The supply is about 94m barrels,everyone pumping like crazy.
We have seen this movie before.

i agree with some observers.
We shall revisit $100+ oil in the not too distant future.

[azalea] 28/7/2015 07:30

Its all a question of the threat of supply overwhelming demand.

[spacedust] 27/7/2015 20:42

Think about it.
2015 - China economy declines results in oil being slaughtered with oil share prices lower than when they were during global recession

2008 - entire planet on recession including China did not result in oil shares being as lowly priced as they are now.

[spacedust] 27/7/2015 20:38

It was 40 dollars few months ago to destroy Russia which backfired , and back in 2008 due to global recession on was 40dollars yet oil survived . Its appears that Chinese economy declining alone is having a greater impact on oil now then when the entire planet was in recession including China . Smells of rat in think . It wil not last long . Seen this happen so many times many

[cricklewood] 27/7/2015 20:35

Stock markets tumble round the world after China shares tank again in biggest fall since 2007, despite official crackdown on selling

Read more:

[azalea] 27/7/2015 20:28

If they are to maintain the U.S.A. imposed sanctions against Iran, U.S. Republicans will need to get a two thirds majority vote which would overcome president Obama's veto of any lesser majority votes achieved by the Republicans. If the Republicans loose the fight to maintain the oil sanctions, Iran will add 1m gallons per day to the supply chain, In that event, the p.o.o. could fall to US$40 a barrel. That said, some producers who continued to sell their oil at that price, would be selling at a loss.

[ny boy] 27/7/2015 18:33

They will survive as long as their debt levels are sustainable but this could get ugly, Chinese economy is heading for a hard landing. Comods sell off and oil sell off to continue, until investors can see value, at the moment, everything is just priced way too high to attract buyers.

Least path of resistance is down, until buyers return.

[daybreakers] 27/7/2015 18:21

No it won't carla, Tullow is a respected company unlike afren who were run by dodgy bod

[bootycall] 27/7/2015 15:21

May I remind people to look at the forward curve. Tullow has already sold forward the majority of this years production.



As the Forbes article points out, prices for 2016/17 are what will be the important thing in deciding about oil stocks in a sensible way. It is obvious that most investors have been long and recently there has been a sudden 20% increase in the short and a corresponding 25% decline in open long positions in oil futures.
Speculators are triggering stop losses all over the market and the buyers are standing off. Meanwhile the reserves continue to grow and Ten gets closer to production . I have lost about 15% on my recent purchases but will probably continue to add on weakness. DYOR Do not rely on the opinions expressed when making an investment decision.

[ny boy] 27/7/2015 14:13

I doubt that type of ending but could easily start have problems, depends on their borrowings, what's the debt here, could run into servicing problems if the price of oil sinks to expected new lows?

[carla1] 27/7/2015 14:08

Could this be another AFR ???

[ny boy] 27/7/2015 14:05

This is falling as no one want oil, price is collapsing and will smash through the early lows of $43 soon. Lots of dead cat bounces here, looks set to go sub 200p now with an eventual bottom 100-150p area. Avoid!

[asusasus] 27/7/2015 13:28

Best to tuck them away and wait.

[revell40] 27/7/2015 13:08

Oil is bad for anyone's health

[revell40] 27/7/2015 12:57

Must be bad news cumin share price homered

[asusasus] 27/7/2015 12:48

Chris please explain the reasoning behind your comment?

[chris coxon] 27/7/2015 12:30

'Citigroup price target of £3.50'
That's why the share price is still falling.

[asusasus] 27/7/2015 12:28

Citigroup price target of £3.50 http://www.octafinance.com/citigroup-reiterated-tullow-oil-plc-lontlw-as-buy-has-pt-of-gbx-350-00/117892/

[cricklewood] 27/7/2015 12:09

And then you woke up!!!!!!

[taz14] 27/7/2015 12:07

placing at £2 ?

[spacedust] 27/7/2015 11:09

Results are not today or tomorrow . It's the day after tomorrow.