Tullow Oil - TLW Stream Log

Indeed, A Good Day to Die Hard. Those MMs and their algos have an achilles heel...competing MMs and algos. Tips for human traders: [1] Make the MM bots fight each other to buy the same shares... [2] Overload them with buy limits orders.. [3] Hold the orders at higher prices even if sp falls - it will retrace. [4] Cancel & restart orders again when L2 is higher than the Ask from your broker. [5] (i) Do small buy (instant - with countdown) deals to keep the shares liquid & check live prices. (ii) Do overwhelmingly large limit order buy deals when the live price has increased. [6] Hold the larger deals until L2 increases. [7] Repeat ad infinitum, or more realistically, to your target price.

Share to Facebook Share to Twitter Share to Email App Share to LinkedIn African oil executive Samuel Dossou-Aworet has built up a stake of just over 7 per cent in Tullow Oil, taking advantage of as slump in the oil exploration group’s stock in the past five weeks. Mr Dossou-Aworet co-founded a pan-African exploration company called Energy Africa in 1994, which was acquired by Tullow Oil 15 years ago for $500 million (€448 million). The deal doubled the size of Tullow at the time, giving it assets from Ghana to Namibia along the west coast of Africa.

@Beatley - agreed. A takeover would be welcome at this stage to try and recover some value more quickly ... wouldn't have much confidence in the remaining exec. An outfit like Total should have the coin and operate in most places Tullow do already... what price for a takeout?

Seems a tad overdone in fairness, given they are still producing 70k+ barrels p.a. Think the debt is killing them ...they must be a takeover target at this stage - going to throw a few hundred quid at it to average down my 220p purchase price and hope someone comes in with even a lowball offer ... 125p anyone?

F**king hell?!!

*Value of oil*...Dear brummell, I find your postings on this board usually very knowledgeable and helpful with respect to the various factors affecting TLW and the oil market in general. Thanks for the link about the coming sulfur restriction also. I am wondering though about this whole business of the sulfur content, the grades of oil and what producers will stand to benefit or otherwise. According to Wikipedia (granted, it is not infallible) …“Shale oil serves best for producing middle-distillates such as kerosene, jet fuel, and diesel fuel. Worldwide demand for these middle distillates, particularly for diesel fuels, increased rapidly in the 1990s and 2000s. However, appropriate refining processes equivalent to hydrocracking can transform shale oil into a lighter-range hydrocarbon (gasoline).”… This seems to contradict what you are saying about the US production(?) Is there a contradiction here or am I misinformed and or misunderstanding? Great to hear any opinions on this…

Fair value: does anyone on here have a view as to current fair value for TLW? Trying to decide whether to lock in some profits at this stage. Any views appreciated...

Nay-sayers and short-termists thin on the ground now... TLW is looking stronger by the day...cheers to rational analysis, patience and a bit of help from OPEC

Short interest in TLW now down to 3% - the bears have surely moved on from TLW now - suggests there is genuine support for the price around here?

$800 m worth of bonds contracted - $150 m more than target. That has to be a massive vote of confidence in TLW - SP has to re-rate from here surely??