Tullow Oil Share Discussion Threads

[mswmark] 20/11/2019 14:22

Let's hope so been like toothache following tlw

[g2theary] 20/11/2019 11:58

Get ready for the take off...

[carlosalberto70] 20/11/2019 11:09

So much for Gil telling us, a new CPR would be issued in 3/4 weeks !

Jan 2020 now makes sense i.e. after Carapa.

Just goes to show you can't believe everything you hear is gospel, even if it is from the horses mouth !

[stupmy] 20/11/2019 10:30

I accept your apology Fez and agree with your comments.

[stupmy] 20/11/2019 10:28

I utterly disagree. I'm not obssessed with a single share, I don't do many hours of fundamental research and my only motivation is making good decisions about whatever share I believe is interesting at a given moment. I watch and trade a variety of shares/indices/commodities. I'm happy to sit on my hands, I'm happy to make trades that complete within a day and I'm happy to run swing trades based on trends. There is no stress in not having money at risk. If you were to read a large number of bb's for a wide variety of risky shares (here, it's debt that is a big risk, debt and whether the company ride through rough patches), they all have the same basic story, 'possible jackpot', 'big upside', 'get your golden tickets', 'wouldn't want to be out of this for the weekend' etc. Essentially, the story is 'to infinity and beyond', I use that a lot as it makes me smile that so many people are so incapable of understanding that shares go up as well as down. Experts on fundamentals post information. That information is very useful, but neither experts nor TA enthusiasts can see the future. What you can do, is mitigate risk when you understand that a loss is much more important than a win (to lose 50% will require a 100% gain to get it back for example). No matter how compelling a story, SP's go up as well as down. All you have to do is bet on the right direction at the right time and you'll make money. Human nature wires us up in a way that makes that simple idea, very difficult to execute in practice. For that reason even as people watch a car crash unfold in slow-motion, they don't get out of the car because the worst is 'of course' over.

[rayrac] 20/11/2019 10:09

I don't believe that Stupmy. Stress comes with being out of a share, as much as being in...that’s my experience anyway.
There’s a risk of missing a big bounce should Carapa come in, but of course there’s a downside risk, same with most shares. It’s hard to avoid stress, in or out.

You takes your pick?

[stupmy] 20/11/2019 09:58

Rayrac, If it's upside that prevails I'll miss out if I have no holding. If it's downside, I'll be able to consider whether an entry is or is not appropriate. Either way, I'll not be stressed.

[stupmy] 20/11/2019 09:56

Oh, Fez, here's the link for my last poast.

[stupmy] 20/11/2019 09:25

Fez, it was just a term of speaking. When you're unsure about somethings prospects over the time frame you're interested because of perceived high risk, it could reasonably be considered to be 'not investment grade'. I think that there remains downside risk here. Filter me if you don't like reading my posts.

[stupmy] 20/11/2019 09:22

xxnjr, it was bad trade. Nothing more, nothing less. I wish they were all good, but they're not. When it's not I try to make decisions quite quickly to avoid things gradually creeping further and further off-side. On this one the Carapa news might cause a more rapid off-side movement if it's not good. I should probably not trade it at all until that's out of the way.

[fez77] 20/11/2019 09:12

Frankly Stupmy to rubbish TLW because you have sold at a loss and therefore want it to go down further is of little help to man nor beast. We don't want to hear about your dealings in TLW - either successful or not.

Information about TLW rather than about you would be more helpful. No disrespect.

[deanroberthunt] 20/11/2019 09:02

Thats low enuff pour moi....

[xxnjr] 20/11/2019 08:39

Your honesty is commendable Stupmy.

[pro_s2009] 20/11/2019 08:31

Trouble is, there is no legal definition of similar/not dissimilar when not specific.

Art is not dissimilar to music - is correct but they are different.

The oil in Jethro/Joe is dark brown, therefore its similar to other oil fields oil.

Jethro/Joe oil is not dissimilar to other oil fields.....as the oil is dark brown.


RNS announcements have legal consequence. Thats why when someone uses flowery wording and is not specific, there is a reason why normally !!

[xxnjr] 20/11/2019 08:29

That may, or may not be the case SS, but reality is probably back to square one for TLW, they need to find lighter oil somewhere on their blocks.

[subsurface] 20/11/2019 08:26

From ECO RNS
Oil tested to date appears it is not dissimilar to the commercial heavy crudes currently in production in the North Sea, Gulf of Mexico, the Campos Basin in Brazil, Venezuela and Angola.

[stupmy] 19/11/2019 20:09

Brent still looking for downside. I have potential supports at 59.50, 58 and a rising tl support around 57. US stock indices have had a good run of late and if there is any bad news regarding US/China trade tariffs and future trade agreements subsequent to that we could see a correction on stock and commodities indices. The next trade tariff escalation from the US is due on Dec 15th. My guess if tariffs are escalated rather than reduced, we could be heading for a rough ride over Xmas. I'll be trying to keep my exposures moderate.

[hsfinch] 19/11/2019 16:12

Thanks but if you drill, log, core and sample an exploration well you know what's in there. I recall reading that McDade said he expected to be in Guyana for a long time following the discovery. I'd like to see a timeline of events / statements. I don't keep a diary but I feel a bit suspicious of this one. Remember that Tullow was absolutely desperate for a discovery after a string of dusters. They definitely gave the impression they had a gusher.

[pally12] 19/11/2019 15:20

Buy now sell in morning for profit

[xxnjr] 19/11/2019 15:02

Thanks for map SS. Yep, it's relinquished bits of KOS/TLW WCTP.