Tullow Oil Share Discussion Threads

[ifthecapfits] 28/4/2016 13:07

What a load of twaddle.

Jubilee about to come back online, TEN not far behind, debt now sorted, GC as mentioned above, strong PoO. Long and strong. Might get a pull back - but it wont last for long.

[kevjones2] 28/4/2016 12:50

"I just short them as the increase does not justifies the sp"

That doesn't even make sense. It's like saying "Tullow is up at £2.70 but it shouldn't be because it is."

[leonidas] 28/4/2016 12:21

yes i bought them at 190p but they need to be shortened now to 250p at least bought them on a cfd £250 per point at 272.90.

[banksy] 28/4/2016 12:12

Traders dream.

[bigbigdave] 28/4/2016 12:11

Shorting just after a golden cross?

[arab3] 28/4/2016 12:06

leonidas
did you buy any when they were cheap ?

[leonidas] 28/4/2016 11:58

I just short them as the increase does not justifies the sp,if you guys are long and made few quids sell it all and move on.Short at 272.9 a gift to short them at this price.

[phillis] 28/4/2016 11:55

NiceB
Have a look at RWS for long term

[wookie77] 28/4/2016 11:42

Seems everyone wants these now bar Odey! LOL

[investordave] 28/4/2016 10:33

Odey really are a bunch of idiots.

[wookie77] 28/4/2016 10:10

£4 nailed on….Odey loosing YET MORE CASH! LOL

[jr_] 28/4/2016 10:01

Only TLW could trade like this for sure - ha ha - for get PoO - more like poo

[hearts1] 28/4/2016 09:44

NB, I'd wait a little, its been a good mini bull run on oil stocks, but there will be a dip at some point.I like HUR and it will get attention when it starts drilling, IAE may have upside with Stella start up. On higher risk side I like LEK, it's taken some of the old AFR assets, but it is Nigeria so not for faint hearted, but potential upside is large.I still think TLW and PMO are the main recovery plays.

[kevjones2] 28/4/2016 09:29

Davy Stockbroker's:

"Tullow Oil

Banks remain supportive
April 28 2016 | Caren Crowley | Morning briefing | 1 page(s) | Read Important Disclosures
Tullow Oil has reported that credit available under its key Reserve-Based Lending (RBL) facility has been reduced by $200m (5.4%) to $3.5bn, while its Revolving Corporate Facility (RCF) has been extended by 12 months to April 2018 as targeted. The TEN development remains on schedule and within budget, while production from Jubilee is anticipated to commence in a week. Overall, we believe the trading update is supportive of the recent share price rally."

[ifthecapfits] 28/4/2016 09:10

nicebut - BLVN would fit that bill.

[kevjones2] 28/4/2016 08:46

"The Africa-focused company also said today that its lenders had agreed to amend terms on its $3.5 billion Reserve Based Lending (RBL).

This shows that banks are willing to continue to support oil companies during the market downturn."

[nicebut] 28/4/2016 08:37

hearts,

Thanks for that- A profit is a profit- good on you...I`m sticking with TLW- I sold 50% in sipp on last leg up to 240...I still have c150k.

Give me a clue on another oiler or stock with good potential-low debt preferably- I presently have Genel, PMO and a few +BP all doing OK (and a rather static HUR). I have this years ISA to use up and want some ideas. (not you know who!) :)

[hearts1] 28/4/2016 08:16

Lol, if you were here at 1.30 share price you'd do the same.And wasn't your nickname at school BackdoorBill?

[bigbigdave] 28/4/2016 08:13

Golden cross formed according to chart in the header.

[hearts1] 28/4/2016 08:08

I've sold 50%, given next news is new production guidance.

[ifthecapfits] 28/4/2016 08:07

Not quite.