Will keep rising for a while...12 Dec 2019 09:32
For a stock this size, nobody’s views on this site are really going to shift Tullow’s share price. It’s just too large for us to influence. So all opinions here are valid.
Here’s mine. This is going to keep drifting up. Yes, it will vacillate - investors’ worry about the tide changing and quickly sell, then other investors jump back in, and we know buy/sell algorithms are lazer -focused and trigger-happy. But the overall SP trajectory is upwards, IMO.
Remember it’s FTSE250, not AIM. Hold your nerve. This will rise, then peak for a bit. When the news goes quiet in several days, it will then drift down slightly. Then, when the new CEO and head of exploration are announced, institutional investors will relax and buy, and we’ll see a second rise.
As we know, no one can say where it will end. In my own view, I already thought £1:40 was very cheap for Tullow. But we all know how fickle markets are, and many factors are in play. GLA.