Really encouraging day today. Rahul has yet again played a blinder, what a legend. Not sure if this has been covered but with today’s news Tullow has been marked for a well deserved upgrade with Moody’s. They were so off the mark with the last downgrade, finally they have realised the error of their ways! Another jump coming when this goes through. Well done to all who held their nerve on the slow decline. I know I did, kerching!!
What a lovely day after so much erosion of the SP. This share is on so many peoples radar and probably causes the most cases of FOMO of any share! Everyone that shorted this or bailed expecting it drop off whilst we await debt restructure news is literally sitting nervously in the wings praying they don't miss the bounce. Don't risk it, get back on it, Tullows streamlined fundamentals are looking very good at the moment. We are due a Petrofac style 10-15% bounce on debt restructure sign off alone.....
This is now a bargain at this price and I think it’s well known. There is a lots out there waiting but I think this will shoot up and catch a load of side-lines investors out again. Happy to continue holding. Good luck all
Not deeply technical but just crunching some numbers to look at the drop from around the 12th of March (A general high point for most oilers) to tonight's close figures. I've just done a quick tally across some of the main oilers I track. I know we talk about the MM's and Shorters and speculate around the impact on SP of debt negotiation etc with Tullow but we really are just tracking almost identically to all oilers based on world events and oil price.
BP 9% drop Hurricane Energy 10.7% drop Shell 11.2% drop Tullow 12% drop Premier Oil 12.6% drop Enquest 12.37% drop
Good for you. If you think this is going to continue to drop start shorting and come and comment here or buy back in and come and comment here but from where I am as an invested share holder until you put your money where your mouth is your comments are meaningless.
We generally fall or rise 4-5% for every 1-2% rise or fall with BP or Shell. Great when we travel up but a little unnerving on the downward trends. I am taking great comfort that we are now locked in to the same rhythm as the Big Oilers. The uncertainty and volatility is much less now for Tullow. If we switched off this chat and visibility of the SP and came back 6 months later when vaccines have really taken a hold then we will all be very pleasantly surprised. (Wish I could)!!
People sell their shares, fine that’s your choice but why stay here sniping and scaremongering about how the share price will come down and how risky this investment is. Now you’ve seen the light you enlighten all the holders with why your decision was justified and warn us out of the goodness of your heart why we should be careful and sell up too. We don’t need to hear it, go and do one.
Pretty sure the ship is still blocking. Nice website shows the build up of ships with nothing moving. Good news for the oil price if this continues into tomorrow and beyond. https://www.vesselfinder.com/?imo=9223796
I wish I had more cash to buy at this price. I distinctly remember hitting 49.5p on the way up and being ecstatic. Of course 60 was really lovely but nothing goes up in a straight line. I am holding and I am sure this will rebound with oil. It is inevitable. I've sold low and missed the bounce and had to buy back in much higher before so am happy to stay put. If none of the other oilers were struggling then I would be very worries but they are all in the same boat. Hold tight and GLA
All the oil companies I monitor are down over the past month after making some really good gains. Tullow has outstripped them all on gains and has dropped back a little with all of them. Too much over thinking and muppetry going on with some on here, especially Mr Happy the gifted musician who changes his tune all the time. Look at any company which is on the up, there is always a re-trace with profit taking etc on the way up. Tullow is in great hands with Rahul, it’s making money and has its debt under control. In 6 months time this share price will be an absolute steal. I’m holding and truthfully haven’t felt more comfortable with that in a year. Keep the faith.
I make it 56.26, quite a drop at the end however if Poo continues to rise I am expecting these to jump on opening Monday morning. I felt very fortunate to get back in after panic selling half yesterday. I waited patiently and got back in first thing and got a few more shares to boot. Phew, lucky! I resolve to be more steadfast. This is looking brilliant to have held as well as it has today, we are the only oiler on my long list to finish blue :0)
I did the same but haven’t got back in yet. Still have half of my share portfolio here. Was thinking I needed to diversify as I had all my eggs in one basket which I know is not wise. Feel really stupid now, should have practiced what I preached. Personally I’m now holding for silver!