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TULLOW OIL - worth another look?

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rochdae - Wed, 14 Dec 05 :

Don't think some posters realise how much money it takes to move TLW compared to other oils. Talk of 280/90 by the end of this or next week is unrealistic imo.

It's hard though to see much downward pressure on the sp with the present general market strength. I note the US energy index is up today on the back of a decline in oil. Suggests the market is factoring in further OP rises over the winter - or at least prices moving in a tight band around $60, meaning massive increases in earnings for most quality oils.

As for BUR, M'boundi drilling results are due in a few weeks. Probably another 4/5 successful wells as is to be expected when you're sitting on a sea of it. Given the present trend, this should send the sp through £10.

Bought into DNX yesterday on a silly broker downgrade. A quality company which is growing apace. Also been buying lots of BP. and RDSA/B. Bit of no brainer really.

Second biggest holding is EEN though - another BUR if ever there was one.

Anyway, TLW will I'm sure continue to rise as the market rewards earnings,profit, success and potential.


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