Tullow Oil plc is one of the largest independent oil and gas, exploration and production companies in Europe. Tullow Oil produces over 56,000 boepd, with a primary focus on UK Gas and West African Oil, underpinned by development projects in the UK, Africa and South Asia.

            Red = 25 day moving average.           Green = 200 day moving average.

Buy on the rumour sell on the news maybe? don't know as I haven't been following TLW very closely lately.

sp finished down only 20 after -40, and surely worth a punt, as i think i shall tomorow

TLW along with others like DGO heading south rapidly is this because the market recognises the oil price bubble is about to burst?

yeeeees ...... but as i mentiond elsewhere, i would expect M&A activity to perk up again, especially once sp levels are seen to have over-fallen ...... the major players find it far cheaper to snap up their smaller brethren who have proven reserves and/or production

cynic you may be right but the production of these small oilies is tiny compared to the majors and their activities are too fragmented perhaps too much trouble for the likes of BP or Shell.

but not the likes of TLW and PMO or even IEC who have all been touted as potential t/o targets on a number of occasions

cynic I can't recall when BP or Shell took over an oil minnow please refresh my memory.

smaller is diff from minnow .... last to be taken out was BUR and t/o is currently mooted for IEC

Seems to be approaching the green ma line on the chart, oil is consolidating at 125-6 for the moment. A risky buy? or a falling knife

The graph looks like an Arizona rock formation,....a little overdone now !.

similar to many oil producers....shorters r doing it.

reaD an aticle this week about an ex top bank investment manager who says in last bea market in high tecj sector which was worst, 3% shorted......now its at least 10% and soetimes 15%.......h says this can bring down finncial state of country, cause big unemployment to companies involved and means these companies have low markt value thus cant grow company etc.

so a certain amount of shorters profit big time all for the cause of uk going down the pan.....

Tullow is too high at 730p. Sell down to 550p.

And it is now 568p.

CLOSED AT 483P. No support now. Will crash.

jeepers! and it's a damn good company too ..... strangely, PMO which has been hammered of late, has ben up for the last 2 days

Absolutely ridiculous. Beyond ridiculous, this market.

One things for 100% sure though - it simply can't continue in the same way for much longer - or a lot of companies will simply be worth ZERO.

And as we a approach zero an amount of people tending to infinity can buy an amount of shares approaching infinity.

i was talking to a guy today saying we should go communist and stalin had it right and this guy agreed with me.
banks r going to cost 16,000 for each person in uk already.......and thats just for starters.

Oil prices could fall to $50 a barrel by the end of the year because of the global recession, reducing heating bills and the cost of motoring, analysts said yesterday.

The price of Brent North Sea crude fell to $63 yesterday, even after the Organisation of Petroleum Exporting Countries (Opec) decided to cut output by 1.5 million barrels several days ago in an attempt to shore up prices.

Supermarkets including Asda, Sainsburys, Tesco and Morrisons responded by announcing cheaper petrol.

Robert Laughlin, an analyst at the trader MF Global, said: The world-wide demand for energy is getting worse every day. If we continue to get this drip-drip of bad news, I think we will get close to $50 a barrel by December. Weve seen demand [drop by] 2 million barrels per day since the beginning of August. This cut isnt enough and Opec will definitely have to go further to stop the slide.

if you believe that, why do you not short crude? ..... Nymex is the one that dictates.

LONDON, Nov 20 (Reuters) - Tullow Oil PLC:
* Ebony-1 exploration well, located in the shallow water Tano licence
offshore
Ghana, has intersected two hydrocarbon bearing intervals
* Current interpretation of the Ebony-1 result is extremely encouraging
((London Equities Newsroom; +44 20 7542 7717))

cyril