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.

took my profit here this morning, but for sure will be back in

Took some as well, not all though !.

bought more PMO with the proceeds

Well...out of one in to another that's the way to do it Cynic !

they are both companies i like ...... sometimes i even hold both .... actually topped up PMO with TLW proceeds on basis of broker upgrade and good drilling results ...... felt TLW had prob had a good enough run for the time being.

though it did not look such a smart move earlier, TLW now significantly below the 965 at which i sold

Yes, looking back I should have sold more....will stay put for the moment..oil now at $129 and rising....as long as it is rising this should prevent too many knock downs within the mid-caps.

oil cannot keep moving up for ever ...... it would not be surprising to see a very sharp and quite significant correction in the near future ....... obvioulsy oilies will then suffer, but it may well cheer up a number of other stocks

Possibly, it is bound to happen ...I'm praying that I will be able to get out beforehand.....never have had much luck when things like that happen, I seem to be busy with something else when the market goes pear shaped all of a sudden !, but let's keep an eye on the gulf of mexico and hurricane warnings....oh boy ! that would add some spice to the game !

2 stocks to keep an eye on : SIA (well testing due soon) and JKX (momentum building).

Not sure which way TLW is going to go...it's up now but ....head and shoulders graph ....in the making ?.

There could be a sudden pullback to the 850p region....I might be wrong but there is resistance just above 920p....could complete the head and shoulders formation.

it's a damn good company ..... i tend to switch between TLW and PMO, currently holding the latter.

I agree, I'm out at the moment, but will be back no doubt at all, I'm sure that this will be above 12 sooner or later, but in the meantime I'm thinking that there could be a slight retracement possibly....just guesswork on my part....timing is so difficult to get it 100% right.... PMO is also a tremendous oil stock (in at the moment).

Big increase today....IC tip (page 50) might just have helped...!

am i totally nuts, but would have expected TLW to rocket rather than dive on latest news

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.