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My 138p buy order got oh so very close today but hey-ho, wasn’t to be. Even if oil tanked I don’t think TLW could go much lower than 110-120p for too long - Total would snap them up. After they take over Anadarko’s part of Jubilee and TEN the synergies will expand even further given their partnerships elsewhere. Plus the French are always after an extra slice of Africa.
They all have, ain't no good in the ground, might as well be peat lol.
Its because tullow got billions in the ground. Probably 7 billion....
No surprise with TLW i'm afraid, been overpriced for too long imo.
At least this is moving up with oil. Dam tullow!
Definitely corrupt TR, I still believe value will out.... just hope I don’t lose patience in the meantime.
Beerbull, thats because they knew EIA was not as bad.....everyone knows before the PI. Corrupt world we live in.
Its a casino, red or black, no fundamentals account for anything, its just where the masters wish to take it. :)
Build yesterday, crude up today. No apparent logic..,
TR draw or build its always a surprise. Not sure the figures have the same impact, but I guess more relevant to day traders. Bit like the count, each tweet diminishes his credibility, I guess as a child he never learnt the lesson of Mary, Mary house on fire. Again no surprises there as the count can’t read.
WTI trading a wee bit higher at the open. just 20c
Oh dear !!!! wish I had sold more today ! Well looks like the next leg down again may come. This up and down of oil wears you out :)
US API Weekly Statistical Bulletin
MedCrude Stocks, Net Chg (Bbls)+6M
LowGasoline Stocks, Net Chg (Bbls)+3.4M
LowDistillate Stocks, Net Chg (Bbls)-2.2M