Tullow Oil Share Discussion Threads

[butchdogg] 09/11/2017 11:37

Still large shorts in the market. level II is a friggin shambles. 194 should be near enough the bottom as that would be a completed retest of breakout...

[investordave] 09/11/2017 11:32

disproportionately bringing price down.

[investordave] 09/11/2017 11:29

Once again buys appear to be having little or no impact on the share price but sells v different.

[gregpeck7] 09/11/2017 11:16

Oil up nicely.. Tullow down....

[alfiex] 09/11/2017 11:16

Mercer have held for years but still realise that it is not pure economics of the company that drives sp

[mercer95] 09/11/2017 10:29

Invest in premium bonds alfiex if you think it’s that manipulated, it’s an easy cop out to say that when the market goes against you, I’m still holding, oil was due a pull back

[cheek212] 09/11/2017 10:15

Shorters have taken control now with low volumes. Hopefully they will be closing out as quickly as possible now. It always amazes me how they can get out without pushing the price up but that's Bot technology for you!

[argylerich] 09/11/2017 08:16

Yup, Odey with a big reduction in position.

[cheek212] 08/11/2017 16:22

Shorter position over 0.5% have fallen again to 7.05%. Given the recent share performance, I suspect this will fall further over the next few days.

[cheek212] 08/11/2017 12:05

This mornings price action is almost laughable. Started high to suck up all the buyers from the positive press and once this had eased off, the shorters switched on their bots and have now pulled the price back down! The way it's going I can see this closing red unless the US buyers jump in this afternoon! Shorters will keep this price in check until higher volumes return or until they have closed out their positions.

[frazboy] 08/11/2017 11:59

Thanks for that confirmation xxnjr

[xxnjr1] 08/11/2017 11:57

frazboy and all

Received the following reply regarding hedging, I'm sure TLW won't mind me reproducing it here.....

What is meant by the floor price is that this is the absolute minimum we will receive for those barrels. These are not physical sales but financial hedges. If however the oil price is above that level, we will receive the prevailing oil price, less the cost of the hedge.

[gregpeck7] 08/11/2017 11:45

Wind it down as much as possible then surge..

[billionaire1] 08/11/2017 11:16

will struggle to stay above 2.00

[gregpeck7] 08/11/2017 11:00

Tying to push it down but surely push up now... price is just silly.

[uzzymaz] 08/11/2017 10:50

Great update. £2.40 new target price imo

[cumnor] 08/11/2017 09:50

Very positive. Shorts on the likes of Tlw, Pmo and Hur ((many of the latter two are technical, based on recent issue of shares) could be in for a serious land as majors, who have discovered SFO in the past five years eye them up and look to replenish, esp with booming demand in Asia, and they also underestimate the determination of the Arabs and Russians, for whom their oil is their bread and butter, to put the squeeze on to keep oil at decent levels-$60-and keep shale, the returns on which is being questioned by the mid west bankers and investors where it belongs. The war mongering by SA of late, and Iran, whom it also suits despite their differences, is part of the equation and when that subsides expect Putin to find an excuse to ratchet things up or Iraq to hammer Kurdistan if poo threatens to wane again. The PHD hedgies, looking at their terminals and alogos in the narrow context of technical daily and weekly trading, ignore the bigger picture-Putin, SA and resurgent Indian and Chinese demand at their peril. imo

[gregpeck7] 08/11/2017 09:30

I think this is going to pop to 210 very soon...

[nicebut] 08/11/2017 08:59

When they`ve loaded up...

[gregpeck7] 08/11/2017 08:56

Broker upgrades coming.

[onehanded] 08/11/2017 08:48

yes £2.40 well in range. Very good results and markets will respond as some of the bigger investors get in.

[mariopeter] 08/11/2017 08:45

Ghana is throwing off much more cash now (oil price up and cost per barrel down to $8 a barrel). But the startling thing is that Capex has been reduced again. Debt is getting hammered. Proceeds from historic asset sales will just accelerate that process. Very comfortable here.