To Hold or Sell: Tullow Oil

[SpeedFreak]

I convinced my other half to purchase shares in Tullow oil around August 2003

see here http://uk.finance.yahoo.com/q/bc?s=TLW.L&t=5y

These shares have performed amazingly well over the last few years, especially recently. As a result, we are thinking of selling them off. The problem is that any news I can find recommends we hold them.

On the one hand, we have done very well, but on the other hand, there seems to be money still to be made. Is anybody else holding Tullow Oil shares atm? If so, what are your plans?

 

[Heofz]

I think you're asking in the wrong forum tbh

 

[SpeedFreak]

better than General Hardware where I first posted tbh

 

[seaviewuk]

Well if I was holding them I wouldn't tell you what my plans were.

You being an ex-poker champ and all that

 

[i know nothing]

I would hold. Looking at that chart I would be selling if they drop through £5.00.

 

[SpeedFreak]

doing a bit more digging, it looks as though they will break into the ftse 100 in the next month, which will push the price up again. Think holding will be best.

 

[alexakasloth]

What is the ftse 100? Heard it a couple of times at work but cannot remember what it means

 

[caeteez]

"Go when the goings good".

 

[SpeedFreak]

What is the ftse 100? Heard it a couple of times at work but cannot remember what it means

that is a joke right?

 

[benjo plz.]

What is the ftse 100? Heard it a couple of times at work but cannot remember what it means

Financial Times Stock Exchange top 100.

 

[alexakasloth]

that is a joke right?

No, why would it be? Am I automatically supposed to be knowledgeable about that sort of thing?

Financial Times Stock Exchange top 100.

Thanks

 

[SpeedFreak]

No, why would it be? Am I automatically supposed to be knowledgeable about that sort of thing?



Thanks

It wasn't a dig, it's just that google will answer your question pretty easily. Wasn't trying to offend.

 

[Serj]

What is the ftse 100? Heard it a couple of times at work but cannot remember what it means

You're not a stockbroker are you?

 

[teaboy5]

You want to get rid of oil shares at a time like this?


Are you mad?

 

[SpeedFreak]

You want to get rid of oil shares at a time like this?


Are you mad?

Not thinking of the potential tbh, more about the already substantial 6 fold increase on the original investment.

 

[alexakasloth]

It wasn't a dig, it's just that google will answer your question pretty easily. Wasn't trying to offend.

My bad, I blame the beer

You're not a stockbroker are you?

Nope, cust services for Lloyds.

Anyway, I'd keep them, if they start to fall a substantial amount then sell.

 

[mcast123]

Do you need the money from the sale for an important reason? Do you foresee any major downturn in the company? if the answer is no, do not sell them. I invest in shares exactly like that, constant long term gainers, more often than not they will keep rising rather than falling.

For example I bought these guys at 24USD and keep asking myself if I should sell.

 

[Dist]

on the subject of stockmarkets, any know a stock market simulator that follows the real stock prises, but without the loss (or gain) of investing real money? I tried google, but hundreds of results come up, hard to tell which ones are legit, and decent sites, which are just trying to scam ppl, or make tons of money from ads.

 

[Bes]

Why are you asking on here? The kind of people posting on here (in general) shouldn't really be advising on such matters.

Surely looking at the company's P/E, PEG, future plans, director dealings, and economic climate should answer your question?

 

[PaulB]

"Paul gently pats his Soco shares and smiles"

Oil = good