Tullow Oil Share Discussion Threads

[wantmorethan24p] 25/11/2015 14:40

hopefully a trader working in the city can give us more information...(thats if he will)

[wantmorethan24p] 25/11/2015 14:39

why the massive spike.....


what was the rumour in the city....


all oil stocks went up bigtime.
there has obviously been a rumour!

[tas11osc] 25/11/2015 14:17

No - but Ophir Energy was at approx same time as the spike.

[wantmorethan24p] 25/11/2015 14:01

that was some spike...


has tullow been approached?????

[dlku] 25/11/2015 11:46

Oil prices are getting a leg up on the back of geopolitical tensions after Turkey downed a Russian plane that strayed into its airspace, magnifying the impact of a possible cut in production from the Organization of the Petroleum Exporting Countries.

Russia is one of world's largest oil producer and the conflict that took place on the edge of Syria contributes significantly to the premium on oil, analysts say. This risk premium coupled with the possibility that second largest oil producer Saudi Arabia is finally ready to cut oil production at the OPEC meeting next week.

Saudi Arabia is the world's largest exporter of petroleum and a top oil producer.

Both U.S. WTI and Brent crude oil prices hit two-week highs after Russia's conflict with Turkey but have since come off on profit-taking.

CME options pit
Russian jet downing boosts oil prices

"Some of the things that come through fairly strongly is that Saudi Arabia is having difficulties with its budget with these low oil prices. It's probably now in a position where it has to cut production,'" Barry Dawes, head of resources at Sydney-based Paradigm Securities told CNBC's The Rundown.

"And I think That's what the oil markets in the world are really thinking about. Sure, the security of supply right throughout that Middle East is under threat through ISIS but the big story must be 'Will Saudi Arabia cut?'" he said.

Saudi Arabia said earlier this week that it will work with other OPEC players to keep oil prices stable, giving some confidence to prices that recently hit multi-year lows..

OPEC, including oil behemoth Saudi Arabia, has been holding out for a year on an oil production cut even amid the sharp losses in oil prices which have seen oil prices more than halve since July 2014.





Oil price set to double in December?

[dlku] 25/11/2015 11:35

might be a massive spike coming in oil price driven by futures buying

[ifthecapfits] 25/11/2015 11:31

Weird - looks like many of the mid-caps did the same thing.,

[ifthecapfits] 25/11/2015 11:29

Sold straight into.

[dlku] 25/11/2015 11:26

Pmo same spike

[wookie77] 25/11/2015 10:53

Wow whats that spike about?

[davemac3] 25/11/2015 10:52

is this bottoming out here?

[sawadee3] 25/11/2015 07:56

Should be a good 'un today chaps :-)

[holmess] 25/11/2015 07:55

WTI and Brent both up in the futures this morning.

[dlku] 25/11/2015 00:51

0 COMMENTS

Oil prices climbed Tuesday on fears of a supply disruption after the Turkish military shot down a Russian jet fighter along the Syrian border.

Gasoline surged nearly 6% because of limited supplies in the Northeast ahead of Thanksgiving.

The benchmark U.S. crude-oil price soared more than 4% during intraday trading in the hours following the first reports of the fighter-plane incident, which escalated tensions between Russia and Turkey. Oil later pared gains.

[paulbiya] 24/11/2015 19:17

The Financial Times reported that hedge funds' bets against the oil price had risen to the highest level this year ahead of an Opec meeting next week, underlining market expectations that there will be limited moves to curb supply.

[wantmorethan24p] 24/11/2015 17:23

am not wishing for war just stating what could happen if tensions rise.

[wookie77] 24/11/2015 16:57

agreed volsung!!!

[volsung] 24/11/2015 16:52

Its a bit sad people wishing for war in the Middle East so they can make a few bob on TLW.

[jovi1] 24/11/2015 16:50

guy a war cannot be good news not for market not for civilazation.
just to consider only the market oil may well go up but share i doubt especilally when you consider how long assets would last before get destroied

[wantmorethan24p] 24/11/2015 15:18

expect a good rise from here now as tensions are most likely to increase further in the middle east.

what happens if turkey shoot another plane???

[dlku] 24/11/2015 15:04

260p very possible, then 400p

[sawadee3] 24/11/2015 15:04

Morning buyers richly rewarded every day :-)

Happy days chaps :-)

[heliweli] 24/11/2015 14:05

Both pilots reported dead in Syria by al Jazeera.

[dlku] 24/11/2015 14:03

this is going to hit 260p v v son