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!

Good to see you are your usual upbeat self on both PMO & TLW mitzy!!! ;o)

Great insight and reason as usual :)

Cheers Harry and jimmy you wonder where its all going to end.

TLW has been strong for the last couple of days and perhaps longer ..... but then so has PMO and perhaps a few other oilies

however, IG indicates very heavy volume today 11m+ though i don't know what has happened in the recent past

quite probably something of nothing, but perhaps worth keeping an eye on

cynic do you use IG for spreads or CFD's ?

yes ..... i only trade CFDs though used to have s/b

Ok i wondered how you were seeing volume ,it can't show you that with spreads .

fyi, close to 16m by close

Investec note:
"Tullow has reached a tipping point and can choose either to be passive, hoping the oil price rises, or it can raise fresh equity. We advocate the latter and see recapitalisation followed by an asset sale (e.g. East Africa) as the only way to correct Tullow’s flagging investment case. The shares however remain overvalued and we therefore retain our Sell. Despite this, Tullow’s old exploration model is worth backing at the right price (sub 175p). In short, we believe Tullow should raise now and regain the initiative before it’s too late.
The case for recapitalisation. In our view, Tullow needs to refocus its narrative back to exploration as fast as it can. Otherwise, its investment case will remain impaired until its debt falls at the end of the decade. A capital injection would be the first step in this process. New equity would also reduce near-term balance sheet risk, strengthen its bargaining position in asset sales and reduce funding costs, facilitating capital allocation back to exploration and to Ghana.
Go hard or go home. Half measures at this juncture just won’t do. Tullow needs to raise a significant chunk of change (c.$750m) and exit East Africa in order to fully deleverage. An equity raise on its own would not derisk the balance sheet or correct the investment case. Equally, asset sales without a strengthened balance sheet are unlikely to yield competitive pricing. A raise followed by an asset sale is therefore the only option, in our view.
The price is wrong. As with its peers, Tullow’s valuation already discounts a recovery in oil prices (i.e. the forward curve). This is too high and we believe any new equity should only be introduced at a level below our RENAV (176p). If not, new investors are not being commensurately compensated for the risks taken.
The case for Tullow. At the right price, we believe investors should support a Tullow raise if one is offered! We argue this because we believe Tullow applies the right approach to exploration. Moreover, we don’t believe it’s too late to save the story. Action is however necessary now!"

http://www.moneyam.com/action/news/showArticle?id=5123873

Credit Suisse summary:
"The RBL is based on two fundamental inputs to the cash flow model underpinning the loan: (i) reserves, and (ii) the lenders’ price deck (typically, here in Europe very conservative), but other variables are also factored in. Often the reserve base used in Europe is 2P for producing and 1P on development reserves, with elements of ‘risking’ applied. The price deck each lender uses is an important input for an RBL, where the price often represents a long-term view and can be the expected floor price. These are likely in the range of $45-60/bbl or thereabouts to 2017 and around $60-65/bbl longer term. While the long-term oil price used by TLW’s lending banks may have been slightly revised downwards, its impact was likely offset by additional reserves on Jubilee, previously risked due to suboptimal downstream infrastructure.
Valuation: Our TP is set at our risked NAV of 380p. We do not expect TLW to move forward with East Africa (EA) unless it can bring in a new partner, and a different approach to TEN, and with that we see the timeline of FID slip by a year or so. We also do not think it is correct to remove any value for East Africa as these barrels sit on the lower end of the cost curve and should be developed over the medium term. Using the value implied in AOI’s shares and applying this risking to TLW’s EA portfolio – its key pre-FID resource base – and keeping the rest unchanged we estimate gives TLW a value of ~280p."

Hi cynic, long time no speak. You still doing cfd's. What are your favourite stocks at the moment.

now there's a blast from the past :-)

depends on sector, but like AFC for long term and ditto MBH which has been doing very nicely, but that's no trading stock
DOM has served me very well and i also hold RTN which i feel should be much stronger
WPP is imo a must for anyone's core portfolio
i also like EZJ but am tempted to add or even switch to RYA, though i'ld never ever fly with them!

Talking of EZJ I wish i'd bought at 1.33ish way back. Not to worry plenty of other fish in the sea.

Up 13.5%.......No news or rumours......yet.

good heavens, but see below ......

Shares of Tullow Oil soared over 14 percent on Tuesday after a positive update from its partner in Ghana, Kosmos Energy , which said a new project was on track to be completed next year.

The TEN oil project was expected to deliver first oil in the third quarter of 2016, Kosmos said late on Monday.

Production at the joint Jubilee field had also returned close to normal levels since the end of a temporary technical outage, Kosmos said. Analysts at FirstEnergy Capital told clients the update signalled "good production".

One trader also cited merger talk surrounding Tullow Oil as another factor lifting the shares.

Tullow declined to comment.

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perhaps that'll cheer aidan heavey a bit

Short here today .

Staying short.....

good call jimmy and ditto on your ftse

Cheers cynic , easy one this ,buy under two pounds and sell with any sort of decent profit .
I don't think we will see a proper rise in oil prices yet .