Investor Soiree Butler Tullow Oil TLW.L

Tullow OilTullow Oil plc (Tullow) is an United Kingdom -based company engaged in oil and gas exploration, development and production and the sale of hydrocarbons and related activities. It operates in three geographical segments: Europe, South America and Asia; West and North Africa and South and East Africa. The Company has interests in over 100 production and exploration licences in 22 countries and focuses on four core areas: Africa, Europe, South Asia and South America.
Take me straight down to the chat Tullow Oil is trading above the moving 50 day average and above the moving 200 day average on below-average volume.
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  • Re: More News on Ghana Boundary Dispute by LK Hyman
    Tue, 28 Apr 2015 11:23:00 GMT

    Brummell,

    "some excellent high value assets remain undervalued in the accounts. That is what makes this a very good time to buy TLW."

    Almost all oil companies, whether large or small, have contingent resources over and above their P1 and P2 reserves. But you cannot get away from the fact that the bulk of the certain value in any oil company lies within its proven and probable reserves.

    Whether it is a good or a bad time to buy TLW depends upon whether it has some hidden gem up its sleeve. Its P1 and P2 reserves are quite highly priced already.

    Cairn had a hidden gem up its sleeve when it paid peanuts for Indian reserves which Shell, sadly, viewed as not worth much. But finding one or two gems does not necessarily mean that there are other gems within the portfolio.

    LKH on the flybridge By LK Hyman
  • Re: Not optimistic... by Cashman103
    Tue, 28 Apr 2015 11:16:00 GMT

    If someone bought @£16 then someone sold their shares to them By Cashman103
  • Re: Not optimistic... by handoverfist
    Tue, 28 Apr 2015 11:08:00 GMT

    "But we all bought at £2.81 "

    Well not all of us. I'm afraid I didn't for one. Congratulations to you if you in fact did.

    It is obvious to all of us that MrX's continuoius negative postings are the result of him following a different agenda from the rest of us. However we must also acknowledge that his predictions have been more accurate than most of ours. I doubt (and sincerely hope) that very few of us bought at a price in excess of £12 but is a fairer figurefor MrX to quote than the very isolated buy posting at 1600p. We could compare this with MrX's negative posting at 281p. On the one hand from £12 we would be down 780p but sellars at 281p would have lost 139p. It is an unfortunatge fact that longterm holders would have done far better following MrX's advice to sell at all prices above £5. We know his motives in making these recommendations must be to drive the price down but that still does not alter the facts.

    Perhaps the best advice is to read all postings with caution and sceptism. Genuine investors can get things totally wrong and I'm afraid that has happened to many of us with Tullow. Also non genuine investors with dubious motives can get it right which has happened with most of the negative postings.

    No offence is meant to anyone on this board by this posting but I would appeal to all of us to not personally attack each other here. Challenge the argument rather than the poster.

    Anyway the price has risen to 423p let's hope it continues. It onlyneeds a speedy rise of £5 and I will be in profit! Good luck to all.

    By handoverfist
  • Re: Not optimistic... by Cashman103
    Tue, 28 Apr 2015 10:35:00 GMT

    "Dumb punters of course [you inc] preached Buy at 1600 + and where did it get you ??"

    But we all bought at £2.81

    ROFLMAO By Cashman103
  • Re: Not optimistic... by MisterX1
    Tue, 28 Apr 2015 10:22:00 GMT

    £1.93 per share.

    DYOR punters and buyer beware !!

    ROFLMAO
    ...
    That's why no-one will now bother taking tlw out at such high expensive prices bmr / cashman - they had their chance at 250ish but STILL were not interested

    Dumb punters of course [you inc] preached Buy at 1600 + and where did it get you ??

    Under the arches for bmr/cashman.that's where....

    ROFLMAO

    By MisterX1
  • Re: Not optimistic... by Cashman103
    Tue, 28 Apr 2015 09:35:00 GMT

    £1.93 per share.

    DYOR punters and buyer beware !!

    ROFLMAO By Cashman103
  • Not optimistic... by MisterX1
    Tue, 28 Apr 2015 09:09:00 GMT

    link

    It was always an optimistic expectation [IF it is to happen].and even the bank is now recognising this fact.

    This gross uncertainty will continue to keep the SP at the current window levels where it is out of reach of any potential bidders - as its considered grossly risky as well as will be considered too expensive a share.

    Better bargains elsewhere such as BFG for sure.

    DYOR punters and buyer beware !!

    By MisterX1
  • Re: More News on Ghana Boundary Dispute by brummell
    Tue, 28 Apr 2015 08:49:00 GMT

    A perceptive comment in your referenced article carliol:

    "Analysts at First Energy said: ‘This removes a major area of uncertainty that could have had crippling consequences to the company outlook and its capacity to develop Kenya and Uganda without incurring dilution."

    And that, imho, is the key to TLW's present woes. It has neatly avoided the need for a share issue and therefore sidestepped the most direct route to undermining its finances aimed at allowing an undervalued takeover. Obvious and nasty alternative tactics are therefore being used to attack its share price which in turn has made it a short selling target. As TLW progresses the realisation of its true value is dawning however. Shorts will have to be closed and the first out will cut their risk.

    The risks associated with the TEN border dispute were and remain minimal, but now the major threat is out of the way perceptive longer investors will be attracted by the fact that TLW is such a bargain. The discussion with LKHyman highlighted the fact that the current method of oil company valuation, the Petroleum Resources Management System (PRMS) introduced in 2007 following a well publicised case of overstated reserves, is directed at preventing that malpractice. Some history:

    link

    link

    The PRMS:

    link

    means that oil resources leap in value when they become commercial reserves. The benefits of developing oil resources into commercial reserves before selling them on are therefore enormous but while that is being done oil is classified as a contingent resource and some excellent high value assets remain undervalued in the accounts. That is what makes this a very good time to buy TLW. This issue is not unique to TLW but the quality of its undervalued reserves has made it one of the more juicy targets.
    .



    By brummell
  • OT - I need the boards Help! by BuildersBum3
    Mon, 27 Apr 2015 22:36:00 GMT

    Hi all,

    Sorry for the totally off topic post but I need the boards help... Yes this does amount to begging!!!

    I run a company down in the south of England that recycles printer cartridges and over the years have raised nearly 1m for charity.

    I have entered Sir Richard Branson's pitch to rich 2015 growth competition and need the publics vote to get through to the next round. We launched 24 days later than most but are catching up quickly with 450 votes in the last 6 days. If we win we will get £250,000 marketing budget and a load of free promotion.

    Please click the following link to view my pitch to rich - vote and share if you then care.. Thank you so much for your time and sorry for the off topic post.

    link

    P.s. Please vote this post up if you do vote for my pitch so I know who has voted and supported me.. Thank you again.

    BB3. By BuildersBum3
  • OT - I need the boads Help ! by BuildersBum3
    Mon, 27 Apr 2015 22:31:00 GMT

    Hi all,

    Totally off topic but I need the boards help... Yes this does amount to begging!!!

    I run a company down in the south of England that recycles printer cartridges and over the years have raised nearly 1m for charity.

    I have entered Sir Richard Branson's pitch to rich 2015 growth competition and need the publics vote to get through to the next round. We launched 24 days later than most but are catching up quickly with 450 votes in the last 6 days. If we win we will get £250,000 marketing budget and a load of free promotion.

    Please click the following link to view my pitch to rich - vote and share if you then care.. Thank you so much for your time and sorry for the off topic post.

    link

    P.s. Please vote this post up if you do vote for my pitch so I know who has voted and supported me.. Thank you again.

    BB3. By BuildersBum3
  • More News on Ghana Boundary Dispute by carliol
    Mon, 27 Apr 2015 18:49:00 GMT


    link

    Carliol By carliol
  • Africa Oil Ops Update 2014 by carliol
    Mon, 27 Apr 2015 18:41:00 GMT

    Good Evening Everyone,

    The following link was published on 25th April 2015 and provides an excellent synopsis of the exploration and appraisal work carried out by Tullow and Africa Oil in Northern Kenya.

    link

    Carliol By carliol
  • Re: RNS - Ghana - Cote d' Ivoire Update by brummell
    Mon, 27 Apr 2015 16:12:00 GMT

    ETF, I don't go to many AGM's. My vote makes no difference, I don't need free drinks and I can read all about it afterwards. Anyway, even if I were to go, I'd have to wear a pink wig and carry a copy of the Oil Explorers' Almanac under my left arm so that you could recognise me (but perhaps I wouldn't stand out from the crowd then). By brummell
  • Re: RNS - Ghana - Cote d' Ivoire Update by brummell
    Mon, 27 Apr 2015 15:50:00 GMT

    LKH, That's your opinion, which you are of course entitled to, but we'll have to wait and see. A lot depends on the poo, supply, demand and how much the majors want oil. We've had the discussion about reserves; just because they are not labelled as commercial doesn't mean that they haven't been proven to hold oil. If by proven you mean the formal P1 definition, that only applies to commercial reserves which may be less attractive to the buyer, particularly if they want to negotiate contracts etc. themselves.

    Takeovers aren't always the best idea either, they are much more complex and aren't always the answer and there are usually a lot of post deal administrative and organisational changes that can be disruptive, drag on for years and cost money. Also those M&A boys get up to all sorts of tricks and charge a fortune and a takeover might include assets that the predator company just doesn't want because of its own policies.

    TLW has always been pretty good at making deals and the oil industry has to go on so there will always be deals to be made. By brummell
  • Re: RNS - Ghana - Cote d' Ivoire Update by LK Hyman
    Mon, 27 Apr 2015 14:50:00 GMT

    Brummell,

    "we should see it follow its declared policy of making considered asset sales to pay down debt and fund further exploration"

    That won't work! There are any amount of assets up for sale at the moment and precious few buyers around.

    What one wants to own in the awl biz is goodly quantities of proven reserves in nice sensible reservoirs. The sort of stuff owned by the likes of BG, to name but one, which is far cheaper, by any measure, than TLW.

    LKH on the flybridge proud BG shareholder By LK Hyman
  • RE: Nice by jewels276
    Tue, 28 Apr 2015 13:36:02 GMT

    aye £4.50 looks a cinch, im waiting for £6.50 :)
  • Nice by KUMS
    Tue, 28 Apr 2015 13:29:20 GMT

    rise again. Cannot stay out of this one! Should test £4.50 this week.
  • Thursday by RevFev
    Tue, 28 Apr 2015 11:45:35 GMT

    1 st quarter profits announced.or maybe losses..on Thursday.this company has been awesome recently hoping it can keep soaring.
  • As by KUMS
    Tue, 28 Apr 2015 09:09:27 GMT

    soon as takeover rumours resurface we should see that adding to current situation. So I think, a very good profit to be made from here. Then if a bid comes who knows at what price!
  • Exane BNP Paribas by KUMS
    Tue, 28 Apr 2015 07:46:28 GMT

    has £5.19 target and "Outperform" rating yesterday.
  • Tullow by KUMS
    Tue, 28 Apr 2015 07:42:43 GMT

    After selling at £4.48 yesterday, bought back at £4.08 yesterday. Now £4.13 & rising!
  • RE: Bavani3 by Bavani3
    Tue, 28 Apr 2015 07:01:40 GMT

    Sorry , £4.68
  • somebody is buying big by Powerarranger
    Mon, 27 Apr 2015 15:52:13 GMT

    big purchase of 957939 @ £4.10 this afternoon
  • Bavani3 by Hammerstime
    Mon, 27 Apr 2015 14:44:40 GMT

    £5.68 or £4.68?
  • Sell price by Bavani3
    Mon, 27 Apr 2015 13:46:46 GMT

    I saw sell price was £5.68, but when I tried to sell I was offered only, £5.38. That happened twice!
  • RE: Dropping back by slipperyslope
    Mon, 27 Apr 2015 12:23:13 GMT

    After such a big rise of over 50% over one month I think we can expect a bit of a pull back this week before a reload and further push north.
  • IMS Statement by Oldfinger
    Mon, 27 Apr 2015 11:24:25 GMT

    Due later this week I believe...will look to enter after that...GLA OF :-)
  • RE: Dropping back by Powerarranger
    Mon, 27 Apr 2015 10:45:19 GMT

    The shorters are under big pressure to get this sp down as low as possible to close their shorts. Long term value of this stock means it is a bargain right now.
  • Dropping back by BigZee
    Mon, 27 Apr 2015 10:33:13 GMT

    Just wondered why the drop back over 2% down now. Was thinking of topping up on the climb back up but now hesitating! Any ideas, was all very positive first thing this morning.
  • Hi folks by jewels276
    Mon, 27 Apr 2015 10:22:17 GMT

    Just bought in,Never look a gift horse in the mouth, :-))