Tullow Oil Share Discussion Threads

[tidy 2] 07/10/2015 13:01

Fancy this £12.5m cash in bank increasing dailyPoo flyingDebt free4100-5000 bopd Need confidence.....Current cap £28m &Chevron is the main operator SQZ ;)

[tidy 2] 07/10/2015 13:00

By Ese ErherieneLONDON--Oil prices hit multiweek highs in London trading Wednesday, after data out of U.S. indicated an improving supply and demand picture, boosting investor appetite for the commodity after a prolonged slump in prices.Brent crude for November delivery, was trading at $52.80 a barrel, up 1.7%, on London's ICE Futures exchange at 1012 GMT. On the New York Mercantile Exchange, light, sweet crude futures for delivery in November rose 1.7% to $49.33 a barrel, hovering just underneath $50 a barrel and a five week high.That followed gains on Tuesday, when Brent, the global oil benchmark, pushed above $50 a barrel to a four-week high."Since August, with very few exceptions...the price stood under $50, so it is very significant," said Eugen Weinberg, head of commodities research at Commerzbank. "Some investors, who are waiting at the moment on the sidelines, might pour their money back into oil and commodities markets."The improvement in sentiment came after the American Petroleum Institute, an industry group, reported on Tuesday that U.S. crude-oil inventories are likely to have shrunk by 1.2 million barrels in the latest week. Crude also got a boost after the Energy Information Administration said on Tuesday that it had lowered its U.S. oil-production forecasts for 2015 and 2016, while raising its global demand forecasts for the same period.Oils gains also reflected greater risk appetite among some investors and views that the escalation in Syria's civil war could disrupt markets, analysts said.Others were more cautious, saying that the underlying picture of oversupply hasn't changed. There is no sign, for instance, of the Organization of the Petroleum Exporting Countries meeting before December and agreeing to restrict their oil production, said Naeem Aslam, chief market analyst at AvaTrade, in a note."We are skeptical about this upward move in crude oil," he said.Later on Wednesday, market participants will be watching for the official U.S. crude inventory data from the Energy Department ad seeing whether that confirms the API figure. Further forward, OPEC will release its monthly report on Monday, and on Tuesday the International Energy Agency also publishes its monthly report."We must rethink and reweigh the factors which we think are the most important ones," said Mr. Weinberg. "At the moment, it isn't the demand in China, it isn't geopolitical tensions, it isn't the coming Iranian exports. It is very much about the U.S. oil production.

[onjohn] 07/10/2015 11:36

if it falls from here i might havce a few back but i want 200p tbh

[holmess] 07/10/2015 11:02

GS - what a surprise - they're still short on oil......

[onjohn] 07/10/2015 10:28

What is cnbc on!! lol


Goldman Sachs stirred energy investors last month when its head of commodity research warned of rising risks of oil prices falling as low as $20 per barrel, in a message that was reiterated on Tuesday.

[onjohn] 07/10/2015 10:19

sold a few at 257

[gregpeck7] 07/10/2015 10:18

Takeover, short coverings, cheap on a nav basis etc etc.. 300p coming

[doohoma3] 07/10/2015 10:01

anyone sniffing a takeover here

[emptyend] 07/10/2015 09:52

Massive amount of short-covering, it seems? I thought briefly about the value in TLW when it dipped under 160p.....only 10p more than SIA.........and it has since outperformed by 30%. So well done to those who jumped in.

[onjohn] 07/10/2015 09:47

Backed up truck and bought TLW and ENQ and PMO and more ENQ

[mccracken227] 07/10/2015 09:47

5 million traded up to now

[holmess] 07/10/2015 09:38

Closed out 25% of TLW. Bank some profit and hope for a pull back....

[dlku] 07/10/2015 09:34

added to TLW and ENQ

[holmess] 07/10/2015 09:32

£30k at 189, £30k & 165 - very smug thanks ;)

[warwick69] 07/10/2015 09:32

Wow I wish I had held my £600 long spread bet longer moved way more than I imagined massive rerate after news and rally in oil shows how many short positions must have been all over the oilies and commodity plays by big hedges hope they are getting toasted!!!!

[cricklewood] 07/10/2015 09:24

Anyone who bought under £2 must be feeling pretty smug at the minute,good luck to all.

[sawadee3] 07/10/2015 09:11

Up we jolly well go chaps!! Shorters filling their pants right now :-)

Brutal Bull run :-)

[sawadee3] 07/10/2015 09:09

ENQ is a strange one, it lags TLW and SOCO but usually plays catch up later on. I'll continue to hold it with a 28p average.

[dlku] 07/10/2015 08:56

ENQ been left behind starting to move

[sawadee3] 07/10/2015 08:54

Xmas has definitely come early this year chaps :-)

[holmess] 07/10/2015 08:54

Shorts squeeze will push this above 300p in the short term. Sadly more shares moved from PI hands to institutions......

[herbyrainer] 07/10/2015 08:27

I think this will be range bound until the world calms down abit. £1.50 - 2.50.

[phowdo] 07/10/2015 08:23

Next resistance at 250, then 300.
Probably depends on what price of oil does, but got to be a lot of shorters need to close out at some point :O)

[cricklewood] 07/10/2015 08:12

On the move up again .

[cricklewood] 07/10/2015 08:05

What are you on about , I need £4 + to break even LOL.
jovi1



6 Oct'15 - 21:41 - 22153 of 22154 0 0


Let hope oil don't spike we would not like to see shorter loose money not.
I am sure Cricklewood would like to sacrifice the other 25k to this cause
lol