Oil is in a new channel between $50 and $70 should it hit the upper channel top which is forecast this year then tullow will be nearer £5 a share than £3.
Actually the poo forecast for this year is c. $52 average....DYOR
Furthermore even 5 GBP per share is a sorry state of affairs when the SP was once 1600 +. Of course a lot of mug punters here on the bb have a LONG way to go [and are trying, unsuccessfully,] to ramp up the prices.
Tlw failed to deliver in UG - why should they be successful in Kenya ?
DYOR - the company is in dire straits with the CFO retired off on "medical" grounds, tlw violating the FRC rules with its "re-structuring" of key staff, a lack lustre RNS and TEN production was overhyped [as expected] and not to do as wel as expected.
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