Tullow Oil Share Discussion Threads

[holmess] 29/1/2016 08:46

Warwick - Very much so.

TLW very tightly tracking the index this morning.......

[warwick69] 29/1/2016 08:38

Shorts are in trouble if central banks will push rates negative then they are showing they will do everything to support the markets?

[sawadee3] 29/1/2016 08:32

Well, another day worth getting out of bed early for :-)

Happy days chaps :-)

[deanroberthunt] 29/1/2016 07:50

Russia and most OPEC countries, with maybe the exception of SAUDI, can't operate their countries with Oil under $60, they will start to have systematic failure....

They can't win the US Shale fight....the balance of power has changed, OPEC no longer control the industry......only to the downside.

[leoneobull] 29/1/2016 07:05

A decent article in motley for once.http://www.fool.co.uk/investing/2016/01/27/ahead-of-a-possible-takeover-should-you-buy-enquest-plc-and-tullow-oil-plc/#

[holmess] 29/1/2016 07:05

Dow futures +150, ftse futs +80, Brent futs +1.5% - should be a strong start here this morning

[leoneobull] 29/1/2016 05:46

Ps crude closed 35.36 highly bullish technically? Dyor

[leoneobull] 29/1/2016 05:44

Flyposter spirito. Ditto :-)

[flyposter] 29/1/2016 00:22

Spirito

"I've made lots of mistakes - should have bought and held instead of trying to second guess fluctuations. I hold 9000 less shares as a result. I now hold until at least 200"

Done the same mate, if I had have bought and held my original investment, I would have made a lot more, like you I am holding now, instead of trying to trade this.

[hearts1] 28/1/2016 23:23

I think Iran will be the sticking point. Unless Russia can exert some influence.The gulf states will follow SA, Iraq will accept as their budget shortfall is massive. Iran will argue it needs to regain its original market share, but there can be no deal if they won't deviate on their plan to increase by 0.5-1m bopd.

[spirito] 28/1/2016 23:14

I do hope so

[hearts1] 28/1/2016 23:07

True, the key driver in the recent increases is this OPEC/ Russia production cut, if it doesn't happen there will be downside pressure.But the market doesn't lie, the consistent rise in oil even with bad data or falling indices some data shows there's more than just rumours happening.

[spirito] 28/1/2016 22:55

Pride comes before a fall works both ways - I am long but could easily tank back down

[shaf5] 28/1/2016 22:38

I'm so glad I held and didn't try trading. Need this to get to £1.94 for me to break even on losses made on PMO and others. Was down £13k at one point now under £6. I was thinking would get to £2 within a year but looks a lot sooner now.
Do you think I did the right thing NY BOY or should I have gone short when they were at £1.20

[cricklewood] 28/1/2016 21:46

FTSE CLOSE: Footsie slumps into red but crude price holds firm as rumours swirl about Russia-OPEC oil production cut

Read more:

[spirito] 28/1/2016 20:48

I've made lots of mistakes - should have bought and held instead of trying to second guess fluctuations. I hold 9000 less shares as a result. I now hold until at least 200

[mcsean2164] 28/1/2016 20:36

NY Boy seemed to do ok on the way down and I guess you're right Spirito, should have doubled and not dithered listening to noise. Anyway, still expect 3 or 4 bags from here.

[holmess] 28/1/2016 19:43

NY boy is just one of many fantasy traders on advfn - mostly harmless - as said, if he never did trade he'd be skint inside a week with his 100% wrong call record ;)

[betelgeuse1] 28/1/2016 19:40

$40 POO on the cards now i think
TLW will hit 250p then

[leoneobull] 28/1/2016 19:37

Spirito. This is a zero sum game. If ny boy was posting about how tlw would go bust the least he can expect is some ribbing

[hearts1] 28/1/2016 19:30

Your strategy was shorting rises last week, it seems to change in hindsight after each day.Why not put up a few live trades, and people can see if your as successful as you think you are.Your predictions on PoO and TLW would certainly have lost big money in the last week.

[ny boy] 28/1/2016 19:06

I always sleep well. I am neither short of long here, been trading indices buying dips.

As I said before 150p support area needs to hold for a week or two to be taken seriously about going higher, also crude has only risen on our speculation of cuts, nothing more, you would want confirmation that had been agreed before going long, nothing much has changed as of yet.


Gary Ross, a veteran OPEC watcher and founder of U.S.-based Pira group.
Brenda Kelly, head analyst at London Capital Group, said the proposed cuts were unlikely to happen.
"There have been attempts in the past that have come to (nothing). Saying something about the oil price and doing something are very different things, and it seems like panic given the price drop," she said.
A global deal could also be complicated by the position of
OPEC member Iran. It wants to raise output after the lifting of
Western sanctions which had curtailed production for years.