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!

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.

Nice rise this morning ,could climb back over 2 quid .
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Tullow Oil notes ITLOS judgement in Hamburg

StockMarketWire.com

Tullow Oil noted that the Special Chamber of the International Tribunal of the Law of the Sea (ITLOS) in Hamburg delivered its judgment with regard to the maritime boundary dispute between Ghana and Cote d'Ivoire.

The new maritime boundary as determined by the tribunal does not affect the TEN fields.

Tullow will now work with the government of Ghana to put in place the necessary permits to allow the restart of development drilling in the TEN fields.

Tullow expects to resume drilling around the end of the year which will allow production from the TEN fields to start to increase towards the FPSO design capacity of 80,000 bopd.

CEO Paul McDade commented: "Tullow looks forward to continuing to work constructively with the Governments of both Ghana and Cote d'Ivoire following the conclusion of this process.

"While the TEN fields have performed well during the period of the drilling moratorium, we can now restart work on the additional drilling planned as part of the TEN fields' plan of development and take the fields towards their full potential

Stifel comment:
"A positive outcome from the Ghana-Cote d'Ivoire ITLOS tribunal removes a key downside risk and with high-impact, seemingly low-risk exploration upcoming, we think the risks and potential reward are now well balanced. Tullow remains on a strong multiple of cash flows, our preferred metric for valuing highly leveraged companies, so we upgrade to Hold from Sell, target price unchanged."

RBC Capital Markets today upgrades its investment rating on Tullow Oil PLC (LON:TLW) to outperform (from sector performer) and raised its price target to 260p (from 200p).