MisterHarry TLW… XXXXX Topped up ( D ) 137p.
Buy 145.39 Back into the 130s tomorrow morning and buy as close to 135 as possible… DYOR
MisterHarry TLW… XXXXX Got some more in ( T ) @ 145p spare funds from AFC spike . Plan to move from AIM stocks in that one this a 250 .
Buy 145.39 Sold 154.98
Buy 145.39 Buy 145.39
MisterHarry Hi Ripley The over reaction is just incredible. I have looked into all the bad news in Tullow and yes a drop at the open and finding 170p was probably justified. However it assumed the Guyana field was worthless and it certainly is not the case. Assuming the very worse it is possible to arrive at 144p by wiping out $700M of value. I believe once some sound analysis is published the share price could well settle on the 170p mark. The production issues are resolvable and could be fixed by December. TT
MisterHarry Tullow Oil, down 22%. The oil and gas company once again warned production will miss targets following continued operational problems in Ghana. The firm also, alongside partner Eco Atlantic Oil & Gas, has reported the presence of heavy crude oil in wells in Guyana, containing high levels of sulphur. For 2019, the Chiswick, London-based oil producer sees production averaging 87,000 barrels of oil per day. In July, Tullow had warned production was likely to be between 89,000 barrels and 93,000 barrels, lower than the 90,000 barrels to 98,000 barrels initially guided. The company said the lower than forecast production is mainly due to topside issues at the Jubilee field, which has constrained water injection and gas handling, as well as the suspension of a well at the TEN field. Both fields are off-shore Ghana, West Africa. “Given the group has recently started paying a dividend, but still has some work to do on debt reduction, that’s far from ideal. Throw in troubles closing a deal to reduce its stake in oil fields in Uganda, and 2019 is turning into a bit of an annus horribilis for Tullow shareholders,” said Hargreaves Lansdown’s Nick Hyett. Eco Atlantic was down 50%.
Hourly RSI just 4 - Blood on the streets here Someone has a fat finger and likes to panic.
Bought at 153.66 Christmas has come early Over reaction on RNS. Spanking yes but the company is not worth 25% less because of a 5% production miss to be rectified before 2020.
MisterHarry Interesting to read this article from 2015 with hindsight . Oil prices won’t top $100 in the next decade, OPEC predicts Oil rig, oil & gas, drilling Crude will stay below the $100-a-barrel (bbl) level for at least the next 10 years, according to the Organization of Petroleum Exporting Countries (OPEC). The forecast, from a draft report of an OPEC staff meeting seen by The Wall Street Journal, suggests that the price of Brent will only be $76/bbl by 2025 in the most optimistic scenario. Its most pessimistic assumption, however, predicted that crude could drop to as little as $40/bbl within a decade. A delegate at the OPEC meeting in Vienna last week told The Wall Street Journal that “$100 is not in any of the scenarios”. OPEC has refused to cut production in spite of the current supply-demand imbalance which has seen 60% wiped off the value of oil since the crash started in June 2014. It is thought that most member states need prices to be higher than $100 a barrel to cover balance their budgets. OPEC’s monthly oil market report for May is due for release on Tuesday. Brent was down 0.8% at $64.85/bbl on Monday afternoon. Advertising THE MOST READ Cobham’s £4bn US takeover faces national security investigation Pendragon swings to first-half loss, to cut 300 jobs UK inflation falls to lowest level since late 2016 Wednesday newspaper round-up: Stockpiling, Sirius Minerals, BHP, Help to Buy London pre-open: Stocks seen lower ahead of inflation data, Fed announcement see the full list SMART BOX Info brexit-dup-irlande-du-nord-royaume-uni-ue 20190401112011 UK ‘best buying opportunity’ among UK markets, Blackstone says Stobart, transportation Eddie Stobart confirms expression of interest from Andrew Tinkler’s TVFC atr 72 turboprop aircraft airplane from below Avation inks four-aircraft deal with Braathens Regional Airways roche se voit confronte a une nouvelle concurrence Roche gets breakthrough designation for ‘Gazyva’ lupus treatment libras Cello Health reports positive momentum as it works on US market High Medium Low You are seeing these quotes based on previous browsing related to sectors such as: Banking You are seeing these stories as you have shown an interest in the following categories Economy Market Report Advertising
MisterHarry TLW… XXXX 20% up this morning on news of oil find Jethro1. They have 60%. ECO who have 20% up 100% first half hour but had additional good news . Still a long way short of Oct slice , should of topped up on recent lows.
Initial buy now off the watch list into portfolio Sold off with modest profit. Loss of production is an issue with the share pricing in perfection. Will rebuy if it retreats 180’s.
Initial buy now off the watch list into portfolio Taken some today. Looking for other oilers to diversify Sector looks attractive now
Initial buy now off the watch list into portfolio Oil retreats to support line. Expecting it to hold. A better entry now available on Tullow. I am keeping what I have until report time. Tullow trading near annual lows. I am not so sure that oil prices are going to collapse. Nearing the time of year when oil tends to rally between now and October.
Initial buy now off the watch list into portfolio 202.94 kick off buy. Can average down if it goes lower.