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TULLOW OIL--stands for too low!! (TLW)     

moneyplus - 14 Sep 2005 13:17

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!

halifax - 12 Oct 2011 17:36 - 394 of 906

news reports suggest MP's in Uganda have accused TLW of allegedly bribing goverment ministers, oil deals suspended.

cynic - 12 Oct 2011 18:26 - 395 of 906

that must be the two guys who were too late to be included in the handout of party bags

halifax - 12 Oct 2011 19:11 - 396 of 906

cynic accusations of bribery should be taken seriously as they may have a major financial impact on TLW's deal to sell their investment in Uganda.

cynic - 12 Oct 2011 19:56 - 397 of 906

how naive can you be? .... the world is rife with such practices if you want to do business ..... in the philippines the police are routinely bought off for such petty things as speeding; for saudi, read the recent papers; africa runs on such

halifax - 13 Oct 2011 09:26 - 398 of 906

cynic you have conveniently forgotten that TLW are trying to sell their asset in Uganda for $2.9billion to CNOOC and Total.This deal should have been completed last month, accusations of bribery made in the Uganda parliament are unlikely to speed up the process.

cynic - 14 Oct 2011 17:42 - 399 of 906

ah well you've never liked this stock ... as for me, it seems to have done consistently well and am delighted that i bought some more yesterday ..... right 'andsome they've done today guv

cynic - 18 Oct 2011 14:46 - 400 of 906

TLW continues to perform strongly even against the trend ..... i know the news from uganda is (now) pretty positive, but it's certainly not impossible that it is being targetted .... in any case, and i know friend hali fundamentally diagrees, i think this is one of the best second tier oilies and should do any holder proud either short, medium or long term

cynic - 19 Oct 2011 12:05 - 401 of 906

well you bunch of muppets, have any of you bought in yet?

HARRYCAT - 19 Oct 2011 12:10 - 402 of 906


A bit high to be buying in now, n'est-ce pas?

cynic - 19 Oct 2011 12:16 - 403 of 906

you may want to wait until there is momentum into new high ground, and there is certainly a good argument for following same

Chris Carson - 19 Oct 2011 15:19 - 404 of 906

Interim divi 03/11, Interim statement 09/11. So personally would not trade it till after divi date, not a holder. Bit of a gamble hoping for a breakout perhaps over six days?

skinny - 19 Oct 2011 15:23 - 405 of 906

Chris that's only the payment of the divi - a stonking 4p (yield 0.42%).

Chris Carson - 19 Oct 2011 15:44 - 406 of 906

Exactly skinny marvelous if you hold, if like me missed the boat and not a holder would you trade it now with a spread bet or cfd or wait till after divi payout when sp obviously will be lower? Then if you believe interim result will be good enough, punt that profits wont be taken and it breaks out above 52 week high or alternatively short it?

skinny - 19 Oct 2011 15:50 - 407 of 906

I must be honest - a dividend of 4p on a share price of 14.40 wouldn't really sway me one way or the other - especially taking into account its daily volatility (40p today). surely of more importance is the interims ?

Chris Carson - 19 Oct 2011 16:19 - 408 of 906

I agree skinny and that really is my point re interim statement, sp as you point out is volatile at the best of times, 40 pips today on not great volume. So
to trade it daily is a bit too volatile for me. I'm talking about considering a punt nearer (after divi payout) the interim date based on volume then if that makes sense.

skinny - 19 Oct 2011 16:32 - 409 of 906

Sorry Chris - I thought you were basing your trading decision on the dividend payment date NOT the interim statement date.

On edit - and yes it does make sense :-)

Chris Carson - 19 Oct 2011 17:03 - 410 of 906

LOL skinny think both of us must be bored eh.

halifax - 24 Oct 2011 12:21 - 411 of 906

TLW yet to release RNS confirming rumours farm down has been approved by Uganda government, cynic will be pleased if true!

cynic - 24 Oct 2011 14:45 - 412 of 906

you teasing little tinker you!

aldwickk - 24 Oct 2011 14:49 - 413 of 906

DPL flying now
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