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This is another piece in the jigsaw, things are coming together nicely. Hopefully the sp starts moving north now as increased investor certainty. Getting a bit fed up of this 50-54 range.
S-cat:
Could you kindly share the source for the re-rating?
Beginning to get used to the sp daily rape. BP & RDSB both hit new 52wk highs today, albeit pulled back a bit since. Tullow just continues to get raped.
Just quoted 51.92p to top up
Now at 51.8p, it'll be back over 52p any minute now!
Ive just topped up another 65000. They won't be this cheap for long.
SLT - Stop posting the same message
Actually:
Occidental Petroleum Corp. agreed to sell its stakes in two Ghanaian oil fields for $750 million, ending a two-year divestment effort aimed at cutting debt.
Kosmos Energy Ltd. will pay $550 million and Ghana National Petroleum Corp. will pay $200 million for the Houston-based company’s interests in the Jubilee and TEN offshore fields, Occidental said in a statement Wednesday.
All oiliers are down today, it's not Tullow specific. Just the usual market forces at work. We're not going up in a straight line unlike seeing Teri Hatcher in yep you guessed it cheesy 80's movie t-c. Lol.
SNUE77: maybe investing in stocks & shares just isn't for you. Better stick to you 0.00005% interest at the bank.
Today was our highest finish for just over 3 months. Patience is paying for LTH's. Keep the faith. Back in 60's soon.
I agree. Tullow has actually barely got started given it should have been 52p+ post H1 results on 15th Sept. The recent astronomical rises in energy prices haven't been reflected properly in the sp.
Be that as it may, but even you can't knock a 30% rise in 1 month
*(From 10 Sept to 8 October 2021)*
The last month's Leading Oiliers performance on LSE:-
Kosmos: +32.4%
Tullow: +30.5%
RDSB: +19.2%
BP: +19.9%
Enquest: +15.9% (yesterday's rise accounts for the majority of this upside)
Cairn Energy: +0.68%
HBR: -0.10%
Figures speak for themselves.
Friday 10 Sept - 40.28
Friday 17 Sep - 44.87
Friday 24 Sep - 47.68
Friday 1 Oct - 51.06
Friday 8 Oct - 52.70
Consistent rises over the last 5 consecutive weeks leading to 30.5% rise in Tullow sp. We just have to stay positive. Another 30% over the next 5 weeks is highly likely given PoO on up and yesterday's Broker Upgrades. Aiming for 70p by November.
60p and 70p target price upgrades respectively - that's the minimum we should expect by the end of the year. Hold for now.
I agree with the sentiments around Tullow sp and to some extent the manipulation. But to fair most oiliers were down last 2 days. Onwards and upwards from here though as Brent back at $82pb and some positive comments coming out of the US regarding oil price. Next week we should see high 50's.
Stop panicking. There's just a bit of profit taking. Relax!
Tullow Oil to support economic development through sustainable oil and gas development - https://www.ghanabusinessnews.com/2021/10/05/tullow-oil-to-support-economic-development-through-sustainable-oil-and-gas-development/
Next milestone 60p. May take a few more days!