The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Oil up again ........hallelujah, just hope OPEC don't use present oil figure and decide not to cut. I still prefer they do a cut for 3 months to give it a further lift. Its the balance between keeping it low enough to keep the rig counts dropping and high enough not to kick start shale all over again.
In fairness I would be happy at $65 oil for a year or two, get the debt down, keep shale at bay and have a more stable ongoing oil price (if there was ever or is ever such a thing ?????) and higher SP.
Anyway, good to see oil above $63 again and progress being made back up the scale hopefully.
Useless fact -
Last time Oil CLOSED above $63 was on 23rd Sept 2019 (although it did reach $63.26 as a high during day, yesterday)
"Baker Hughes...reported that the number of active U.S. rigs drilling for oil fell by 10 to 674 this week...
The total active U.S. rig count, meanwhile, also fell by 11 to 806, according to Baker Hughes. "
You really should ignore it all. White noise an all that.
Golly - Brent heading up toward $64......
Another 40 mins for rig count....reduction looking on the cards again and a bit more fire to the crude rally today....
Funny how the chuckle brother isn’t shouting resistance levels in wti today or put his super members avatar costume
Anyone got rig count
Dodger,
I looked at his posting history (its your fault!) and I see what you mean - posting the same rubbish across multiple board with just a few words changed.
I've reported the spammer.
Constable Alfie on afternoon patrol.... ;-)
And bang on q, AHL took another 0.1% off the table yesterday.....they know how to preserve end of year pnl....the others will be living a life of purgatory listening to Westlife. :)
And today’s action at least closed the opening gap from yesterday, so chart looks cleaner
To be fair market psychology says the sell offs usually occur over 3 days, with final capitulation day and then recovery on the third, leaving a hammer candlestick. Let’s see what the next hour brings over at Tullow, could be a quick buck to be made, whilst we wait for Zama news here....
Should see in the next hour whether we got more short reduction yesterday after that stellar RNS. Certainly felt like a bit of a hold on the share price yesterday
3 of them really going for it now, laughable, I know I can be a bit gloomy but spending all day telling everyone how much you are spending on losing shares is just beyond me. But DYOR, be careful, dead cat bounce coming(or is it going).
Alfa - he is like a protestor, posting the same thing\or similar on every board. Probably half of the below is generic and can be added to his posts on other boards. It is really weird when you look at his post history.
Beerbull: HUR could well be a nice early Christmas pressie ! GL
"To top it off Lover boy has shown up here now posting his 2000 word essay I will, never read....."
LOL
I had a quick scan of it myself and noticed it was the same verbal diarrhoea as usual, i.e. pointless reading it.
Be careful hahaha
You reading it too Geo - on TLW. Its making me laugh today.
To top it off Lover boy has shown up here now posting his 2000 word essay I will, never read.....
DBNO do you think anyone on any of the boards you post on actually care about your trades?
How you and Mrd have any money left I’ll never understand.
i'm in here at 80p. sick of Tullow Oil gonna sell it on a good bounce and pile in here!
if PMO was a serious company then we would have 20,000 young men from the council estates/ex-council estates besieging the UK Parliament right now. A company is nothing if it can not mobilise people to protest when it is being put out of business by other stakeholders being overly greedy (such as drilling contractors) or overly mean (such as the banks willingness to lend to PMO).
All I see on this board is a handful of familiar names. In truth it has made me realise I may as well give up on PMO. If this was a serious company there should be hoards of angry posts on this board saying that the government has increased the price of fuel since 2009 at the same time as promising a growing economy (shows just how thick they must think the citizens are - well we aren't anywhere near that thick actually). This is a message to oil companies saying that UK citizens want fuel prices cut by 50% to 65p per litre.
Unless we can actually promise the citizens a reduction in the price of fuel of 50% and get a political party organised with this aim we will just continue to see the quality of lives of our countrymen continue to be eroded.
I think I might pop down and see my Member of Parliament later. I think they should know how painful the high fuel prices are and how badly the economy needs new oil fields (such as Sea Lion) to be given the financing to proceed.
If you could all speak to your MPs about the damage that high fuel prices have done to the economy since the fuel price escalator began in 2001 under Labour (pure price gouging and profiteering made legal by the government), then perhaps this company can still serve a useful purpose and still contribute in a valuable manner to the UK economy in the future.
Mandrill, your observations about the market and your own trading are interesting. But do you think the salaries of footballers distort the economy. How many Cauliflowers could Wayne Rooney buy with a week's wages?
Also, why has there been a supposed large increase in the number of dollar billionaires since the turn of the 21st century? What happened to government promises of financial stability?
If Bill Gates took 0.05% of his wealth to his local supermarket and randomly purchased items unless he ran out of money how many items would be left in the supermarket for other people?
Funny how they don’t dust off the Members avatar, when they’re both long.....
Mrd is on there - his comments yesterday made me laugh at that moment I drank my coffee - I think the last time I had a drink come out of my nose was when I was a kid. I think TLW will go to 120.
I sold here yesterday at 89. About to re purchase - that RNS was brilliant. You sit out of this and you will miss something excellent, like ZAMA rns or a day the short positions close.
What I can't get to grips with is two things.
1. how the company can endure with debt at 2bn i.e. 3 x market cap
2. despite the above, when might be the right time to buy? My experience is always that buying into a low drives further lows and buying into an uptrend stops the uptrend!
Lots of sells today. This argues that now isn't opportune.
Anyone else noticed that the old PMO crew have migrated to TLW to lose money over there, funny they all invest in the same shares at the same time and spout the same old blx or am I missing something? Sorry just had to say it.
Hope so Potty, although must say I’m watching HUR with a beady eye, WW drill results expected imminently....now that will fly if a producer...
Yes Beerbull, a traders share- for the time being imo so no surprise any decent rise like yesterday was soon sold into. The 'longer term' dough will move back soon i'm sure. Todays looking pretty good. GL