Tullow Oil Share Discussion Threads

[bookbroker] 28/6/2017 08:45

£1 by the end of the year!

[jotoha2] 28/6/2017 08:42

Just watch the fun and games about to start.

[kmann] 28/6/2017 08:38

Looks like a solid foudation here, just needs better sentiment/higher price in oil

[gregpeck7] 28/6/2017 08:02

Should really make progress on the back you would expect (sp wise) looks to have halved in value in a few months!

[gregpeck7] 28/6/2017 07:51

yup just had a finger through, if oil prices ever did rise a decent amount tullow would take full advantage, very well positioned now with a lot more production to come online from Kenya..

[upwego] 28/6/2017 07:46

Good update happy with that and the company moving in the right direction

[runwaypaul] 28/6/2017 07:32

what else is their to do during the day while staring at prices on the screen?
I have an interest in stocks,may as well talk about them to other ppl that are interested?

[davemac3] 28/6/2017 07:30

RunwaypaulIf that is working for you and you are making money, why are you wasting time on here?

[runwaypaul] 28/6/2017 06:40

motley fool thought it was a great buy 2 months ago @220p....

Why Tullow Oil plc and Royal Dutch Shell plc are bargain buys

Peter Stephens | Wednesday, 26th April, 2017



personally I realised a longtime ago there was no money to be made following any tipster.broker notes/targets are meaningless too imo.

keep moving your cash around looking for entries. never violate your stops.wait to catch the big swings.
the big moves that you pick up pay for the stop outs over time and take you ahead. ignore what anyone says and only take notice of the price action.invest in nothing but the price never average down,only stage in and average up into winning trades.cut losing trades everytime and look for another, separate entry.gl

[mariopeter] 27/6/2017 18:43

Agreed poor article

[master rsi] 27/6/2017 16:29

The 151p resistance has been support now on breaking it earlier

will managed 152p again it seems

[master rsi] 27/6/2017 15:54

re - Who wrote that??

some "fool"

or it was ............ Motley fool - Royston Wild

[master rsi] 27/6/2017 15:50

151.80p +3.10 (+2.09%)

Goes over the resistance 151p

[mj19] 27/6/2017 15:10

Tullow Oil (LSE: TLW) is another stock destined for much more trouble.The fossil fuel colossus recently tipped to its cheapest since November 2004 around 145p per share, Tullow's multi-year slump showing no signs of abating. Investors remain fearful over the company's fragile balance sheet, despite the recent $750m rights issue. And with little wonder, as net debt rang in at a frightening $4.8bn as of the close of December.Tullow continues to splash the cash on its exploration projects in Africa and, with oil prices still moving back into reverse (Brent hit seven-month troughs below $45 just last week), concerns are rising that the business may be forced into further drastic measures to meet its financial obligations.The impact of resurgent US shale production on crude values has unsurprisingly prompted analysts to frantically downgrading their profits forecasts for Tullow for the current year and beyond. Earnings of 10.7 US cents per share are now anticipated for 2017, versus losses of 65.8 cents last year, and a further 41% rise is predicted for 2018, to 15.1 cents.With brokers still busy scribbling out their previous oil price estimates (indeed, Macquarie cut its black gold forecasts through to the close of 2018 in recent days), I reckon share pickers should be prepared for further downgrades to Tullow's profit projections.And I believe Tullow's forward P/E rating of 17.7 times fails to reflect its high risk profile, and reckon this should lead to further weakness in the company's share price.

[master rsi] 27/6/2017 13:34

NYMEX Oil $43.93 +$0.55 , 30 MIN DELAY

There is ups and downs but the it seems the trend is finally up for the Oil price since last Thursday bottom

[frazboy] 27/6/2017 13:31

mcsean

"There will not be significant progress on debt reduction as the farm is payouts have a lot of conditions attached. You'd be better looking elsewhere if those are your conditions to invest."

You might be right, watching from the sidelines for now.

[mcsean2164] 27/6/2017 13:23

Frazboy,

We're in a much better position following the rights issue than we were last year. Can't see it as a major hurdle this time around.

There will not be significant progress on debt reduction as the farm is payouts have a lot of conditions attached. You'd be better looking elsewhere if those are your conditions to invest.

It'll be interesting to see where poo goes in July, I suspect higher.

[master rsi] 27/6/2017 13:23

Nymex oil reaching $44 and TLW moving over 150p

needs to break 151p and then all the way up, has been resistance since yesterday

[frazboy] 27/6/2017 12:17

I won't be buying unless there's siginficant progress on debt reduction (farm out of Kenya and perhaps changes to the structure of the Ugandan deal). They need to refinance their RBL prior to the October amortisation which won't be cheap/easy, and it'll be harder still if we're still sat at around ~$2.2bn of debt (plus $1.6bn of bonds)

[0rient] 27/6/2017 12:05

Trading update tomorrow?
Reckon this will be the catalyst & improving oil price to snap us out of this downtrend.
Been here before with Tullow..if you have patience you can make serious £££;'s both long & short 👍🏻

[mj19] 27/6/2017 12:03

Anyone buying before update tomorrow

[adg] 27/6/2017 11:51

intraday very slow laborious rises with very abrupt quick

[supermarky] 27/6/2017 10:14

The drop since the beginning of the year has been brutal, with no sign of stopping just yet. A rally would need to clear 185p to break the top end of the descending channel. Areas to watch for resistance over the longer term would be 216p and then 242p. Otherwise, the next low would be the 2016 bottom at 116p.