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!

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

21 Jul Barclays... 210.00 Overweight

Interim results tomorrow, 26th July.

163p reversing point for UPtrend

26 July 2017 - Tullow Oil plc (Tullow) announces its results for the six months ended 30 June 2017. Details of a presentation in London, webcast and conference call are available on page 28 of this announcement or visit the Group's website www.tullowoil.com.

PAUL McDADE, CHIEF EXECUTIVE OFFICER, COMMENTED TODAY:
"Despite continued challenging market conditions, Tullow performed well in the first half of 2017 delivering strong revenues and organic free cash flow. Combined with the Rights Issue completed in April, this has allowed us to retain operational and financial flexibility and reduce our debt during the first half by around $1 billion. Since taking over as CEO, I have appointed a new and highly experienced Executive team who are focused on returning Tullow to growth through financial discipline, efficient use of capital and by delivering on the potential of our diverse portfolio of low-cost production, development and exploration assets."

http://www.moneyam.com/action/news/showArticle?id=5600978

(Loss)/profit after tax from continuing activities and basic earnings per share
The loss from continuing activities for the period amounted to $309 million (1H 2016: $30 million profit). Basic loss per share was 25.2 cents (1H 2016: 2.8 cents profit).

Dividend per share
In view of the fall in the oil price, the Board suspended the dividend in early 2015. At a time when Tullow is focusing on capital allocation, financial flexibility and cost reductions, the Board believes that Tullow and its shareholders are better served by currently investing these funds into the business. As a result the Board is not recommending payment of an interim dividend.

163.50p +9.80p

has gone over the breaking point 163p

once breaking 168p we had a spike

as the spike up continues we have reached 172.40p as the order book on the bid side is much stronger

edit - close position at 171.54p

i was very puzzled by the surge in TLW and other secondary producers, but the cause is

Premier Oil's reluctance to fix future prices is reflective of an attitude also taken by its peers in the sector.

Rival Tullow Oil , which also produces more than 80,000 barrels per day but mainly in west Africa, has gone as far as scrapping its policy to hedge two years ahead. Tullow has also reduced its year-ahead hedging percentage to 30 percent from 40 percent


all seem very confident that crude is on its way back up, or at least to comfortably in excess of $50

Took a punt 156.60p just a few minute ago

Had a retracement and oil price on the rise from last Friday low

2 days chart

The MA 26 days has been crossing up 50 days MA for the last few days, just like last Year beginning of September, and then had 4 month of rising.

161p +4.30p

a good follow through from yesterday's bounce