Tullow Oil Share Discussion Threads

[wookie77] 18/3/2016 15:06

Dare i also say at the moment a golden cross is looking inevitable.

[wookie77] 18/3/2016 14:36

As per my post this morning 200 EMA is broken if we close here or higher…..then we should be on our merry old way finally.

[onjohn] 18/3/2016 10:59

if no meeting on monday will fall back to US$37

[onjohn] 18/3/2016 10:46

£16 THERSE WERE

[bobic] 18/3/2016 10:46

oil price 41,81 highest this yr and rising.

[onjohn] 18/3/2016 10:18

250p++++++++++

[wookie77] 18/3/2016 09:39

I Think we are about to have a significant rerate upwards first target 250p. The 200EMA has failed to knock back and the share price which keeps coming back and attacking it. I think we will break 200EM today and see 250p next week.

[mccracken227] 18/3/2016 08:23

Why all the 466 trades?

[swerves1] 18/3/2016 07:18

Oil price still surging. Should be a good day here I think

[paulbiya] 18/3/2016 06:28

Today's Times:lished at 12:01AM, March 18 2016Oil prices rose to their highest this year, breaking through the $40 barrier, as investors bet that markets were starting to rebalance after a production freeze led by Russia and Saudi Arabia.The price of a barrel of Brent crude rose to $41.46 in New York last night, an increase of about 50 per cent from its 12-year low of $27 in January. West Texas Intermediate, the benchmark US contract, also hit a high for this year at $40.20, exceeding $40 for the first time since December.Michael Hulme, a fund manager at Carmignac Gestion, the French investment group, said he believed that oil markets had bottomed out and were gradually recovering as a result of falling output from US shale producers."We are seeing a decline in US production starting to kick in," he said, pointing to steep recent falls in production from the Bakken and Eagle Ford shales in North Dakota and Texas.These rank among the most expensive US shale-producing areas and have become increasingly uneconomic since the decline in the oil price."On a 12 to 18-month view, oil prices should normalise back to the marginal cost of supply of at least $60," Mr Hulme said. An agreement led by Saudi Arabia, Russia, Venezuela and other leading producers to cap output levels at January levels was also starting to take effect, making oil traders increasingly optimistic about prices.Mohammed Bin Saleh al-Sada, the Qatari energy minister, said this week that about 15 producers in and outside Opec, accounting for about 73 per cent of global output, were backing the plan.Mr Hulme said that big spending cuts by large oil companies were starting to have an impact on the market."We have taken a vast amount of money out of the capex spending system," he said.Wood Mackenzie, an industry consultancy, estimates that oil companies have cancelled or delayed investments worth nearly $400 billion since prices began falling in late 2014. About 1,000 rigs have been laid up and 250,000 jobs cut, putting a big dent in future output.Colin Welsh, head of international energy investment banking at Simmons & Company in Aberdeen, said that prices were likely to stage a recovery during the next year."You can't defy gravity. If you don't spend any money on investment, then oilfields deplete even faster than usual," he added.Mr Welsh said that global oil production of about 94 million barrels a day was likely to decline by as much as 7 per cent this year because of investment cuts. The normal rate of decline was about 4 per cent. However, demand was robust, growing by 1.6 million barrels a day last year. "At some point the market has to rebalance," he said.Oil prices slumped from $114 in June 2014 to lows of $27 in January this year, after a decision by Saudi Arabia not to cut production to price US shale producers out of business.http://www.thetimes.co.uk/tto/business/industries/naturalresources/article4716072.ece

[plastow] 17/3/2016 17:22

On ig 89% long on ig???

[plastow] 17/3/2016 17:18

When the shorts realise this isn't just a blip and cut there losses.. that's when this will fly..

[bakedbean57] 17/3/2016 13:44

It's a bunch of... Anyone would think crudes not over $39 a barrel

[wookie77] 17/3/2016 13:42

Its the 200EMA…playing havoc

[bakedbean57] 17/3/2016 13:32

Oils stocks a farce today on the whole., MM decoupled from oil as it stands. Either waiting to see if the c$2 rise holds or they don't like the markets doing what they are supposed to. I lose faith in the systems on days like today.

[investordave] 17/3/2016 12:15

No idea. But it's bloody annoying.

[bakedbean57] 17/3/2016 12:14

What the heck is going on today?

[investordave] 17/3/2016 10:43

Don't think so. Shorters playing games again I suspect.

[bakedbean57] 17/3/2016 10:30

Did I miss a crash in crude or something?

[mercer95] 17/3/2016 10:05

Hopefully crude oil will hit $40 soon, worth waiting for

[mcsean2164] 17/3/2016 09:03

Paul,

It's hard to be definite but yes, I think breaking the 200 ema would be significant.