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.

Frankly, even for the experts it's just a guess as to which way oil is going to go, with a cold winter here in Northern Europe and a big demand for heating oil, gas, and production cuts from Opec, I would have liked to think that a rise might be on the cards; but I have to admit that it's always North America that seems to have the final say, a cold winter up there and their car industry put back on track with some input from Washington coupled with Opec restrictions might trigger a little recovery around the new year !.

For once and probably only once, I agree with you although I suspect the recovery will be a little later.

Crikey !, somebody agrees with me, jeepers !, never expected that !, I must open a bottle of something !, now let me see : Dom perignon, Moet, Chateau Vintage....hmmmm...seem to be out of bubbly...oh well, must make do with a can of beer !.

Well i agree with you RF, what about sharing a bottle of meths?.

Only kidding.

But surely the sentiment issue coming from OPEC will have a direct effect on the oil price for a while.

Well there's a very cold snap on the North American east coast, we shall see what effect that will have on crude and gas prices in the next few days.

Another strike, TLW turning into a Cairn ?,tremendous results for the 2 partners (Tlw an Hoil) in Uganda.....if only Idi had known, he must be cursing from his grave !.

Glad to be holding but I prefer DNX.

Holding both !.

Well done same here.

an interesting conundrum
it is heavily rumoured that TLW will exercise their option to buy the HOIL Uganda licences, thus scuppering ENI's effort.
the big Q is what will be the effect of so doing, not only on TLW, but to a lesser extent to HOIL?

I thought a year ago that Tullow Oil should buy Heritage Oil...they should have done so.

Can they buy DGO. It's 50% undervalued over TLW

why on earth would TLW want to do that?

A company will only acquire another company that fits in with their development program....Dragon oil might not fit the bill but Heritage would.

any idea why TLW and HOIL have both lost ground today??

HOIL - because there is now no compelling or even particular reason to hold
TLW - has only lost a smidge, and that is presumably because it will be shelling out for HOIL's Uganda stake

whats the future possibilities for hoil then cynic?

no idea ..... i'm out of them for now ..... check their site as i think they may also share another field with TLW off ghana or nigeria

The problem with both HOIL and TLW and their discoveries in Uganda is the massive investment required to exploit these finds. It is difficult to believe either company can afford to go it alone hence HOIL deciding to sell out to ENI.

TLW have, i think, already said they cannot afford the (whole) development .... the logic for TLW buying the HOIL stake will be to give them a much stronger bargaining hand when it comes to selling on