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!

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

Positive sign showing on the chart

How the oil price chart looks like

162.55p +8.05p +5.21%

as the oil price is rising ( spiking ) so is the stock

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165.70p +5.10 (+3.18%)

as the oil price is rising so is the stock is going places since yesterday

Bought some at 153.50p

they are asking for premium even on a T+10

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On the bounce now as order book went well on the bid
DEPTH 143 v 110 (earlier was 121 v 124 )

Some good points for the bounce..........

Had maximum Fibonaci retracement 78.6% @ 153.15p.
Oil price on the rise today.

A lovely finish 157.05p +1.75p

and a better Candlestick a "HAMMER"

BULLISH HAMMER: This pattern occurs at the bottom of a trend or during a downtrend and it is called a Hammer since it is hammering out of a bottom.

Bouncing from a 78.6% fibonacci retracement and at the end of the day closing with a "Hammer" Candlestick

163.60p +6.60p 4.20%

A strong bounce this morning

165.10p +7.50p

It looks like the best performer of the Larger oil stocks, about time as the oil price has been holding strong lately

Could be good to climb back over 2 quid if oil stays strong.

171.50p +3.60p

second day moving well up despite the oil price lower today.
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Tullow Oil upgraded to ‘outperform’ by Credit Suisse
Tue, Sep 19, 2017, 17:01 - Peter Hamilton

Oil company’s refocusing on ‘core competencies’ leads bank to upgrade the stock

Credit Suisse has upgraded its recommendation on Tullow Oil to “outperform” from “neutral” after the company “refocused on its core competencies”.
Analyst Ilkin Karimli raised the target price of the Ireland headquartered company to £2.10 from £1.745, implying a 34 per cent increase from Monday’s closing price. Before today, Tullow had 10 “buy” recommendations, 13 “holds” and 4 “sell” recommendations.

Mr Karimli wrote that the company had “been a victim of its own success, growing from a geographically-focused explorer to a junior oil producer and becoming inefficient in the process”. However, having refocused, the company is “high-grading its exploration efforts and having a more geographically focused approach on development”, he added.

While the upgrade is positive, Mr Karimli added that a principal risk for the company could come in the form of an adverse ruling on the maritime border dispute that would prevent the resumption of development drilling at the company’s TEN project off the coast of Ghana.