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!

Did break 151p

The 151p resistance has been support now on breaking it earlier

it managed 152p twice

UT @ 151.70p
1,248,005

If the Oil price rebounds this will fly back up , however that depends on the oil price .


26 Jun Jefferies... 250.00 Buy
26 Jun Jefferies... 252.00 Buy
23 Jun RBC Capital... 200.00 Sector Performer
22 Jun Barclays... 210.00 Overweight
21 Jun Macquarie 243.00 Outperform

StockMarketWire.com
Tullow Oil said it continues to make good progress despite tough market conditions.

"Our recent Rights Issue and free cash flow from our low cost, producing assets have resulted in a significant reduction in our debt and provided the Group with greater financial and operational flexibility," said CEO Paul McDade.

"I have reviewed our medium-term plans and remain satisfied that we are making the right investment decisions with regard to our producing, development and exploration portfolio.

"Financial discipline and efficient capital allocation will be a key focus of my tenure as CEO as we seek to deleverage the Company and return to growth even at low oil prices."

Tullow's first-half 2017 West Africa oil production has performed in line with guidance, and was expected to average 81,400 bopd including production-equivalent payments received under Tullow's Business Interruption insurance policy for the Jubilee field.

In Europe, half year net production is expected to average 5600 boepd.

West Africa working interest oil production FY guidance of 78,000-85,000 bopd for 2017, including production-equivalent insurance payments, remains unchanged.

Europe FY gas production guidance for 2017 was now expected to average between 5500 and 6000 boepd.

Tullow pays down debt, raises profit in first half - Wednesday, 28 Jun 2017 09:44

Exploration company Tullow Oil reduced debt in the first half of the year and reported a rise in gross profit under new CEO Paul McDade.

But a recent drop in oil prices means the company's bottom line remains under threat.

Africa-focused Tullow has been under pressure to lower its mounting debt pile, racked up as it borrowed money to pay for the 2016 start-up of its giant TEN oilfields off Ghana, and to rein in spending elsewhere amid weak oil prices.

The company today reported a 17% fall in net debt to $3.8 billion in the second quarter, a level it had targeted by the end of the year.

The company used proceeds from a surprise $750m cash call made in March to reduce borrowings.

Tullow also reported a year-on-year increase in gross profit to $300m, up from $200m a year ago, as it benefited from rising production and an insurance payment to cover lost output during a shutdown.

The company also cut its annual capital expenditure budget by another $100m to $400m as it expects to have to spend less this year.

However, as oil prices have fallen around 15% in just four weeks, Tullow's share price has fallen by nearly 30% over the same period and bearish price expectations mean analysts are expecting further impact on Tullow's valuation.

Tullow reported a $600m net pre-tax impairment charge on the back of weak prices in the first half.

As an exploration company, Tullow continues to drill for fresh resources and is focusing much of its exploration campaign on offshore Guyana and Suriname, a region where oil major Exxon Mobil and its partners earlier this month sanctioned a $4.4 billion project.

"The prospect we are drilling is of the scale of the Greater Jubilee discovery in Ghana, it's a massive prospect," CEO McDade told Reuters.

He said explorations costs continued to fall and that the well Tullow is drilling off Suriname is costing around $60m less than the company would have paid a few years ago.

Back above the 151p resistance

With heavy ups and downs for the last 3 days, SP is back above the important 151p

Yesterday's after hours drop on the oil price did not help this morning, but now the POO is also recovering

5 days chart

i bet aidan heavey is still under some financial pressure
no doubt he's a very wealthy guy anyway, but this low sp can't cheer him or his bank manager much

OIL price spiking up but not oil shares

Intraday Oil price futures - WTI light sweet -------------------------------------- BRENT crude -------------

at last it's been a decent day for this one ..... could do with a few dozen more similar

Something odd UT @ 154p below the spread at the closing time 154.40 v 154.50p
the size 1.2M smaller than usual considering the volume was big today 21.2M

16:35:24
154.00
1,246,724 UT

ig shows (actual) closing at 153.90/154.00

This is a weekly chart showing the downtrend that the share is going through at the moment.
My view is the break to uptrend is still a long way @ around 185p but time will tell, as will depend on the time it takes to reach there if eventually does

Texas light oil is moving higher once again
and now lasting 5 days as the Indicators were just at the right place ( oversold )

Has been moving higher lately as Oil price is bouncing back

Not that i live by the guide of the brokers but they all seem to have the same view...

5 Jul Jefferies... 250.00 Buy
29 Jun Barclays... 210.00 Overweight
26 Jun Jefferies... 250.00 Buy
26 Jun Jefferies... 252.00 Buy
23 Jun RBC Capital... 200.00 Sector Performer
22 Jun Barclays... 210.00 Overweight
21 Jun Macquarie 243.00 Outperform

Deutsche Bank today reaffirms its buy investment rating on Tullow Oil PLC (LON:TLW) and cut its price target to 200p (from 260p).

13 Jul Numis 210.00 Buy

BREAKOUT from double bottom
just ready to do so

..

168.80p +5p

Breaking up from the Intraday high on the double bottom, it was getting ready last Friday

Has comeback to 152.80p not long ago and moving higher now

POO a full $1 drop from the $50.18 intraday high on Brent yesterday, but is bouncing back again
3 days chart

retracement to 155p and should bounce from here again

retrace
50% -155p
61.8% - 154.50p