Tullow Oil Share Discussion Threads

[eipgam] 09/2/2012 15:51

They were mentioned in one of those great docs posted here after the S America discovery in Sept.

And guess what... their share price has more than tripled since then!

[eipgam] 09/2/2012 15:49

ah! CGX... thats a company I have been meaning to look into.

[85gary] 09/2/2012 15:29

Note in the diary for early August....i.e. 6,500m later!

[ringer12] 09/2/2012 11:04

I used to have BG shares over a year ago but unfortunately sold them before the upturn. I have continued to track them and it is uncanny how their share price has almost replicated the TLW share price over the period. Sometimes BG has been higher than TLW and vice versa. AT the moment TLW has taken the lead but BG is also
on the up. Nice to know they are partnered off FR. Guiana.

[eipgam] 09/2/2012 10:45

you're talking my kinda language there, nicey... Here's hoping.

[niceyman1] 09/2/2012 10:35

Can see this being marked up by £2-£3 on receiving there monies $2.9 billion!

[eipgam] 09/2/2012 10:29

even with a big company like this, you sometimes get a couple of days before the market cottons on to good news... even very good news.

Here we go. £15.20 as I type.

[85gary] 09/2/2012 09:50

Moving along...and upwards

[eipgam] 08/2/2012 13:49

Tullow involved in this big oil conference in Ghana (27-29/03/2012)....

[eipgam] 08/2/2012 12:39

despite the blood curdling drops in the share price over the past few months, you can always rely on the management of this company (IMHO)... and when the share price was £9, that was the time to be clever while everyone else was being stupid! Easy to say and hard to do, but its the truth...

PS I just did the same as you, ringer, sat on my hands and waited for the recovery.

[ringer12] 08/2/2012 10:36

AH. How I wish I had bought more!...But then there were times when I almost sold...not complaining.

[eipgam] 08/2/2012 10:18

cheers imp

[impvesta] 08/2/2012 10:09

Morning Eipgam.

According to Sharescope the all time closing high is 1493 on 7/3/11.

Regards

Impvesta

[eipgam] 08/2/2012 10:06

There is obviously some significant political turmoil in Uganda... and I think that sections of sympathetic press are being briefed by sections of parliament who either disagree with Musaveni or are uncomfortable with the amount of power that he has. IMO the bribery allegations aimed at TLW were juvenile attempts to overturn the deal and give Musaveni a bloody nose.... nothing to do with any anti TLW feelings. Now MUsaveni has flexed his muscles in what appears to be a genuine attempt to get this thing going again so that he can get credit for improving the lives of ordinary Ugandans by giving them enough electricity to switch on the lights now and then....

Aside from that, I don't know what the all time closing high is but the ATH is 1508 and, given a fair wind, we'll be through that within a week or two, I think

[ben chod] 08/2/2012 09:57

ath teasing 1500p threshold

[85gary] 08/2/2012 09:26

A bit more news Friday?

[85gary] 08/2/2012 09:22

All time high?

[85gary] 07/2/2012 21:41

My honest opinion on the bribery claim.....I think it was a smokescreen of accusations levelled at the wrong company knowing that the documents were false and would be proven to be so. As for Mr Onek and ENI, I thought at the time the former was wearing an expensive Italian suit, but I have no proof, just my cynical perception of events.

I do agree 100% with your last sentence.

[ringer12] 07/2/2012 21:23

85Gary. Thanks for the clarification. So it seems it has been signed but with a few hazy areas in the agreement and presumably no last ditch injunctions by mischievous lawyers. I wonder what happened to all those bribery claims etc,etc,and large sums of money being deposited in foreign banks with irrefutable proof of such. I don't suppose we will ever know.

[ringer12] 07/2/2012 18:03

Has the oil agreement actually been signed? It,s not quite clear in these statements...as usual. Hopefully it has.

[ben chod] 07/2/2012 17:19

theres been so much finger pointing its hard to know whostellingthetruth when it boils down its a meagre distillation indeed but what matters is that Total and CNOOC have the skills to move thisproject forwardnow that they are offically on board this development

[85gary] 07/2/2012 16:46

All the signs for a Tullow announcement that farm down is complete appear to be appearing in the background. Then of course there remains the small matter of the arbitration result!

[eipgam] 07/2/2012 16:16

and on from that presidential demand, here comes another

Uganda President Warns Lawmakers Against Delaying Oil Development

[85gary] 07/2/2012 16:14

......meant to extract this quote but uploaded too quickly...

Museveni further warned that "nobody will ever again be allowed to delay the development of infrastructure", adding that he would "deal" with lawmakers and bodies who have embarked on schemes aimed at derailing development of the country's oil reserves.