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.

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

We need a rise in crude.....TLW is one of the best mid-caps around....9 times out of ten it is good news with them !.

" We need a rise in crude....." Anyone know Opec's phone No.?

Incredible the drop in crude oil....I would never have believed this possible just 4 months ago....good demand still has to be there....!.

I think just as there were some hefty long positions on wti there are now some hefty short positions , when they close could see a big bounce though not sure what their target is. $45 or $50 or perhaps 10. Crude seems to be following the indices and of course the dollar. Surprising that Captain Pugwash's antics didn't spike it yesterday! I'm looking for an opportunity to go long wti but global recession just seems to be escalating

OPEC meeting again end of next week - further cuts in production very likely.

Is that right m2 ? we shall see then.

Took a long position this morning.

Tullow Oil TLW, SP bouncing from long term support/resistance line at 400p, good chance of move up to next resistance at 600p pretty quick time and then hoping from a break up through it.

ADX TA indicator positive at +30



Broker Recommendations...

Tullow Oil PLC

SUMMARY CHARTS DIRECTOR DEALINGS FORECASTS WIRES
2008 2009
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

KBC Peel Hunt Ltd
24-11-08 ADD 288.69 19.89 6.30 183.34 10.27 6.60
Exane BNP Paribas
24-11-08 HOLD 676.00 20.65 6.00 187.00 11.38 6.00
Numis Securities Ltd
21-11-08 BUY 31.90 19.90
Charles Stanley
21-11-08 HOLD
Davy Stockbrokers
21-11-08 None 25.70 6.30 21.40 6.60
Oriel Securities
20-11-08 BUY 293.00 22.40 6.50 309.00 24.60 7.00
Merrion Stockbrokers
17-11-08 BUY 27.70 6.00 37.70 6.50
Evolution Securities Ltd
01-11-08 BUY 359.40 9.70 6.00 388.90 33.50 6.30
Goodbody Stockbrokers
21-10-08 ADD 34.30 6.50 30.20 7.00
NCB Stockbrokers Ltd
21-10-08 BUY 25.72 4.70 23.17 4.79
ABN AMRO
29-08-08 BUY 278.79 21.24 6.50 359.68 27.26 7.00

2008 2009
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Consensus 307.92 23.37 6.25 327.21 23.93 6.59
1 Month Change -9.72 -0.48 -0.04 -27.44 -4.79 -0.07
3 Month Change -85.55 0.50 -0.01 -35.92 -5.20 -0.03


GROWTH
2007 (A) 2008 (E) 2009 (E)
Norm. EPS -37.96% 31.92% 2.40%
DPS 10.00% 13.64% 5.44%

INVESTMENT RATIOS
2007 (A) 2008 (E) 2009 (E)
EBITDA 471.81m 539.72m 491.75m
EBIT 266.01m 362.69m 287.30m
Dividend Yield 1.18% 1.34% 1.41%
Dividend Cover 3.22x 3.74x 3.63x
PER 26.36x 19.98x 19.52x
PEG -0.69f 0.63f 8.14f
Net Asset Value PS -36.05p 141.43p 144.81p