tullow keeps rising in uk, page-2

conix

I've heard nothing. My take on the action is that Tullow is responding to the oil price and so is WPL and OSH locally. But HDR is struggling because of the "dispute" uncertainty. Also .. the results from Waraga provide another source of uncertainty. If you were a fundy wanting to buy in for the production cashflow you might wait until one or both of these uncertainties were out of the way. Big rise in April is my guess when the cash flows and hopefully the dispute is settled. To buy now is a total punt on Waraga ..so these buyers are hesitating.

Cheers

H