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Shorts closing. It will rebalance soon. Stay patient if you're a LTH.
Whilst I agree Oil is on the way up, I think the sp will move slower. I do think we will be at 55/56p by the end of the week though which would still amount to a 10% uplift on the week.
Guys this October is set to be a bumper month with a lot of uncertainty out of the way. PoO will stay above $80 Brent hopefully. We're up around 20% for the last month. Don't expect 20% in a day, just steady on! I fully expect Tullow sp to go above previous 52 wk high of 66p in October. In fact I'd be flabbergasted if this is not at 70p in the next 4 weeks!!
https://www.khaleejtimes.com/supplements/drilling-into-new-ventures
Anyone know if the circa. £100m will be paid to Tullow this year?
Lots of opinions stated in favour of Enquest but no facts and figures to support their opinions, I'll let you know why because there is none. If Enq was so great why are they stuck on 23p whereas Harbour is 350p+ and Tullow 51p+ and both in Ftse 250. Don't let these rampers con you in staying invested in these dead rubber.
Tullow is more successful on all fronts - read the corporate news.
Guys if you look at the companies pound for pound then Tullow is delivering far more shareholder value and returns. Over the last month Tullow has increased 13% against Enquest 1%. Don't let people fool you into thinking you'll make money on Enquest unless you're a gambling man.
Hopefully no nasty surprises to shoot down recent oil boom
Nice buy showing as a UT. Sets us up for a mega opening tomorrow.
Unless you're a Day Trader doesn't really make any difference. LT view is still Oil above $80 and therefore sp will be back above 55p very soon. Just sit tight all LTH's as most on here have said all along.
Large institutional investors will not want to miss out on this oil rally. I agree with Big Risky and others that we will see 55p today. Patience is paying off LTH. Hopefully we will breach year highs of 66p very soon.
However, post H1 results this is flying!!
Oil stocks are back in fashion due to the booming oil price and energy crisis. Tullow has proven today it's still the darling amongst oiliers on the FTSE with a 7.5% hike. Load up guys this is 60p by the end of the week. I wish I'd have topped up at 40p 2 weeks ago but was not brave enough.
Might be 60p+ sooner than we think!
Very close to breaching the $80 mark. Excellent news for Tullow sp.
Nice blue start. SP highest it's been since H1 results day. I'd be happy with a 49p+ close. Onwards and upwards. GLA LTH.
Nice rise early doors. Hopefully another blue finish.
Big Risky:
Well balanced points made.