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.

the thing with TLW, as well as PMO and BUR, is that it is a considerable producer and therefore quite likely to be targetted by one of other of the giants as a cheap, easy and quick way to augment substantially its own reserves

Is there no stopping these shares? not that i want them to stop.I can see them going through the 10 mark by the end of the year, wait til they go into the ftse 100 and then anything can happen.

Nice to see TLW in the FTSE 100. Also back over 600 today and seems to be holding.

Tullow news indicates they are abandoning the latest Ghana well as non commercial and the share price rises 3%. love it !!


http://www.moneyam.com/action/news/showArticle?id=2315320

Looking at the charts with a 'simple' eye, it looks to me like another 'leg up' is ongoing. The last two were about 40-60 points each, this one (if indeed it is) would be targetting 650 before a retrace.

Only my view, no detailed charting experience or sofisticated software.

not sure whether TLW is more likley to be target or predator, but certainly one to watch and possibly or even probably to buy on a bad day

Looks like TLW is about to break out!

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certainly performing well on another bad day

Evolution say "investors are better off taking profits (in Cairn) and switching into stocks with greater upside potential such as Tullow Oil PLC and Premier Oil PLC."

They knew the bid wouldn't be accepted.

????????? think you may be talking of the wrong stock ..... BUR was jilted not TLW

Ooops sorry for the mistake.

some news out today on money am

i am pretty dense in these matters (and all else), but i really cannot see that TLW's rns this morning was particularly disappointing ..... the quite heavy fall may be just precautionary by MMs on the basisi that some were expecting fireworks ..... though sp has fallen sharply thorugh both 25 and 50 dma, this could easily prove to be a good buying opportunity.

am already heavy enough in real oilies (PMO and IEC) as well as PFC (love that stock!) or i might be even more tempted

Bought at 592 at the 810 reversal but put the trailing stop loss a bit tight and got taken out at 611. Seems cable is nosediving, could get more expensive at the pumps

it really is quite tempting, notwithstanding that 25+50 dma are very tight together and could create a resistance, albeit that they do not seem to have in the recent past .... rsi is also undemanding

General update must be coming soon.

Really need a Ghana well to be completed here, (They might be all watching the Africans Nations cup on TV), shame about Mauritania (possibly dragging this stock down), long term : plenty of potential.

Crumbs !, what happened towards end of play ? wet up like rocket !