The CEO states Tullow sp is much too low and I bought in on the comments---todays results are excellent and I feel this one is being overlooked on here. check it out bargain hunters-I'd welcome some expert feedback!

Downend - 13 Dec'05 - 14:22 - 3379 of 3382


KBC Peel Hunt has buy ratings for Tullow Oil and Venture Production, a sell rating for Dana Petroleum ....'

Bullish signs.Breakout soon.

http://www.advfn.com/news_US-urges-compromise-in-Russia-Ukraine-gas-dispute_13638602.html

US urges compromise in Russia-Ukraine gas dispute

WASHINGTON (AFX) - The government has urged Moscow and Kiev to reach a
compromise in their dispute over the price of Russian natural gas exports, a
State Department spokesman said.

"We have been in touch with both countries to express the view that we urge
them to come to a compromise that meets the needs of both, underscoring the
importance of security of supply and stability of prices," spokesman Adam Ereli
said.

While emphasizing that the United States sees the issue as "a bilateral
matter between Russia and Ukraine," Ereli added that the dispute "is a question
of energy supply that we and the Europeans are all following closely because it
is significant and important."

Talks in Moscow between senior Russian and Ukrainian negotiators ended with
no deal Thursday, but will resume Friday just hours ahead of a deadline for
cutting off supplies to Kiev, Russian news agencies reported.

Russia has threatened to cut off gas shipments to Ukraine on January 1 if
Kiev refuses to accept a quadrupling of the price.

Ukrainian President Viktor Yushchenko was quoted by Interfax news agency
late Thursday as offering a much lower price increase of only 50 to 60 pct.

Western Europe is observing the crisis nervously as around a fifth of
European gas supplies come from Russia via Ukraine and there are fears the row
could disrupt shipments.

Major resistance @ 275p.Early signs of breaking out.May get revaluation with Tullows North Sea gas interests particular with supply problems Russia dispute with Ukraine etc.Results Janaury.Targets 285p-300p.

Sector doing very well across the board today and rightly so.Long awaited breakout above 275p TLW with more to come. Holding tight.

AEX +6%
BP. +2.1%
BUR +4.9%
CNE+2.7%
DGO +1.3%
DNX +1.2%
EME +20%
HNR +3.4%
JKX +6.3%
MXP +4.7%
NOP +16.02%
SBe +1.5%
SIA +2.0%
TLW +4.3%
VPC +5.8%

Waiting on operations update which should mean sp near to 300p.Let the trend be your friend. Holding.

Chartists view goto:

http://www.advfn.com/cmn/fbb/thread.php3?id=5456944&from=3683&to=3683

Offer @ 285p.

great start to the year--onwards and upwards! my biggest mistakes were selling too soon last year this time round I'm holding.

Understanding is that TLW moved to 50:50 ratio oil and gas production. Previously under valued North Sea gas.From time to time consolidation in sector mentioned and TLW name usually comes to the fore.Chart has been threatening to breakout for ages,three four attempts failed @ 275p and sp volatile between 260p-276p with intra day lows of 258p.Operations update should be favourable.witnessing chart breakout today.Whole sector bullish.Previous estimate of Tullows worth suggested high of 340p.

End of day rally with some big buys 287p & 288p. Closed 286.75p-287p

FTSE closes sharply ahead

Headline shares closed comfortably higher today as the gas row between Ukraine and Russia helped fuel demand for energy stocks and the mining sector began the year in good form.

At the close of play, the FTSE100 was 62.7 points higher at 5,681.5 with the FTSE250 99 points better at 8,893.3 and the AIM100 up 68.5 points at 5,402.5. Volume was fair with 2.436 billion shares changing hands in 295,436 deals.

On Wall Street, US stocks edged lower following a disappointing December sales update from Wal-Mart and a price target cut on General Motors Corp weighing on the Dow Jones Industrial Average.

At London's close, the DJIA was 6.2 points lower at 10,711.3, while the Nasdaq fell 5.46 points to 2,199.86.

Back in London, miners were in demand as copper and gold prices continued to trade higher. Xstrata rose 60p to 1,420p, with BHP Billiton up 14p at 963.5p, Kazakhmys gaining 35.5p at 809p, Antofagasta 42p higher at 1,911p, Rio Tinto rising 48p to 2,703p and Anglo American 61p up at 2,040p.

Oil prices remained higher, with crude prices holding above 61 usd a barrel as concerns over Russia's gas row with Ukraine continued, despite assurances from Russia that it is in the process of restoring normal supplies to European nations.

BG Group continued to lead the FTSE100 risers, up 20p at 594.5p, while Cairn Energy gained 37p pence at 1,957p, Shell added 59p at 1,917p and BP moved up 18p to 637p.

Compass Group meanwhile, rose 6p to 226.5p on news Richard Cousins, the former head of BPB, may have been approached to become the new CEO of the embattled catering group, according to a report in today's Independent.

Retailers were under pressure amid concerns over trading during the festive period.

Footfall, the retail information provider, said the amount of people traipsing the high street between December 26th and 30th, normally the height of the post-Christmas sales season, fell by 12.4% compared with the equivalent period last year.

Marks & Spencer topped the blue-chip fallers with a drop of 8p to 497p, while Tesco slipped 6.25p to 325.25p. On the second line Woolworths fell 1.5p to 37.25p and Body Shop dropped 3p to 260p.

Electra Investment Trust led the mid-cap risers yesterday, up 84p at 1,204p, after agreeing to sell Inchcape Shipping Services, an independently managed network of ship agents, for $285m to Istithmar, a major investment house based in the United Arab Emirates.

Meanwhile, Rank Group dropped 11.75p to 294p on profit-taking following gains after the 430m sale of its Deluxe film processing division last week.

UBS today reiterated its neutral stance on the stock and lifted its price target to 297p from 288p previously.

William Hill was among the midcap risers, up 22.5p to 558p, after the bookmaker said profits for last year were likely to be above expectations as it looked forward to a strong 2006 boosted by the football World Cup.

Cookson Group jumped 13.5p pence to 438.5p after Numis Securities raised its target to 514p from 465p, while reiterating its buy rating, following the firm's recent disposal of its SCS unit.

In other news, Soco International surged 29p to 815p after finding oil in the first exploration well it spudded on the East Shabwa field in Yemen.

The hole, known as Jathma-1, flowed over 1,900 barrels of oil per day, Soco said in a bullish drilling update.

Panmure however, downgraded the shares to hold from buy on valuation.

Amongst smallcaps, Pan Andean shares dropped 1.25p to 9.75p after announcing that it has plugged its well in Texas as a reservoir encountered also contained water.

On the economic front, the UK's manufacturing sector continued to expand at a modest pace during December, but not nearly at the same rate as the 12-nation single currency zone, a closely-watched survey found today.

The purchasing manager index of activity in the monthly Chartered Institute of Purchasing and Supply survey rose to 51.1 in December from 51.0 in November.

Analysts had anticipated a modest decline to 50.8.

A reading above 50 indicates an expansion in activity, while a sub-50 figure indicates contraction.

DOW closed up +129

Should be good day tomorrow. Oil price up. Lets hope TLW joins in.............again.

All the forecasts look promising,
gr 37%
eps 20.4
target per of 20 = 4.00 plus
not demanding so a target of 3.50 - 4.00 seems realistic
given market and sector strength
looking forward to more to come.
All the best
HUSTLER

Good morning everyone.Waiting to see if re-rating continues.Second morning backwardation yesterday pre-open bid 300p today bid 292.25p.Going by the chart target price 300p. Has TLW been tipped anywhere?

Do you suspect we will hear about the Gabon and Pakistan Prospects 100%/30% holdings in the operational update, and do people thing this will be good news, any views appreciated, TLW holder since early 2005

Thanks

Wall Street energy - Oil stocks rally back to a higher close - UPDATE 3
NEW YORK (AFX) - Oil stocks rallied back from early losses Wednesday,
finishing the session with gains for all three indexes on the back of an
ExxonMobil upgrade and a positive outlook for the oil-services sector.
The Amex Oil Index rose 0.5% to close at 1,039 points, the Philadelphia Oil
Service Index gained 1.6% to 195.53 points, and the Amex Natural Gas Index added
0.3% to 412.48 points.
In analyst action, Banc of America Securities upgraded Exxon Mobil to buy
from neutral, with analyst Daniel Barcelo highlighting the blue-chip stock as a
"top pick" for 2006.
He cited relative valuation, continued strong return on capital employed and
a clearer outlook for production growth.
"We continue to see Exxon Mobil as the benchmark for operational performance
in the sector," Barcelo said in a note to clients. "On ROCE (return on capital
employed), Exxon Mobil continues to lead the industry and we see this leadership
sustained through our forecast period through 2009."
The stock, down 11% since reaching an all-time high of $65.96 on Sept. 22,
finished the day at $58.57, up 10 cents.
Barcelo also upgraded Statoil and Eni to buy but downgraded BG Group and
Norsk Hydro to neutral.
"BG's 60% premium to the sector appears excessive post-2006 as long-term
growth slows," he said. "In Norway, Hydro's 10% premium to Statoil is
unwarranted given Statoil's better growth (7% vs. 0%), ROCE (28% vs. 12%) and
higher asset quality."
U.S.-traded shares of Eni rose 81 cents to $145.69, while BG Group gained
$1.13 cents to a 52-week high of $53.59, Norsk Hydro rose $1.90 to $109.80 and
Statoil added 52 cents to $24.65.
Oil-service bellwethers Halliburton , Schlumberger and Baker Hughes
advanced, with Baker Hughes hitting a fresh 52-week intraday high of $64.96.
"The cycle of increases in drilling activity and revenues for the sector
continues with growth, impact, visibility and outlook among the best of any
industry segments," Banc of America Securities said.
However, swings lower in commodities prices could hurt the stocks in the
near term, Banc of America said.
"Oil going to $40 or natural gas hitting $7 could cause some capital
spending delays or deferrals depending on why and how quickly they are seen,"
the broker said. "Weather is a near-term issue as is the relative dynamic
balance of supply and demand increases."
February crude futures on the New York Mercantile Exchange settled Wednesday
at $63.42 a barrel, a 28-cent gain. Natural-gas futures fell to a five-month
low, surrendering 42.9 cents to $10.20 per million British thermal units.
The Energy Department will report weekly U.S. stockpiles data on Thursday, a
day later than usual due to the New Year's holiday. .

This story was supplied by MarketWatch. For further information see
www.marketwatch.com.

Tullow Oil shares fell 6.5p to 296.5p after Citigroup Smith Barney downgraded its stance on the stock to "sell" from "hold and cut its target on the shares to 267p from 288p after the negative drilling news from Uganda on Tuesday. The broker cut its net asset value estimate to 206p a share from 221p.

Why the big falls? Dropping crude price, part of general shakeout taking place at moment or am I missing something..........