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(g)
Just to recap the predictions for Monday:
a) drop to 13p
b) drop to 15p
c) hover around 17p
d) open at 20p and rise steeply
e) open at 25p and rise steadily
f) rise 6-7% daily towards Thursdays meeting
g) drop 20% before the meeting and rocket up 30-40% on good news
h) all delegates have NO CHOICE but to make the cuts
i) there's NO CHANCE Putin & KSA will capitulate
j) Trump will skilfully negotiate the deal from a position of power like a puppet master
k) Trump has no influence, USA is already choked on debt and at their mercy
l) none of the above
Newbies like me find it a tad tricky to read a consensus out of all that! Just saying...
Good point biggel.
So is the poo really relevant. The meeting will go ahead imminent.
You can only oversupply for a limited period before storage is at full capacity.
So what do you do exhaust that and just shut down completely? The cut will come very soon .
Well if you want to get back to your AVG , i suggest you look at what the company have done and are going to do, to change the fundamentals significantly.
Without a constant slant on POO.
The company was priced to go bust with only underwater holders supporting the company. Now we are seeing investors take a position for the recovery.
Holding rns of increased position by the institution's.
The share price is an absolute steal here on what they have and will do .
People appear to have forgotten the oil price hedge, 60% of 2020 sales hedged st $57, so even if oil is $30, then average price received for 2020 would be $46.2 per barrel (even at $20 poo, it's $42.2). There's a lower hedge in 2021 for 40% of sales but still good to have.
HeresHopin-I am one of these numpties but have been keeping an eye on this company for 7 months. Originally bought in just before OPEC+ decision believing a deal had a reasonable chance of happening. You live and learn and now have an average of 13p on a 10K investment investment. I have done my research on the industry and company and numpty is a little disingenuous.
Starbuck.
No specific agenda from me, however if there was one it would be like everyone else's.. To make money.
I can assure you that I am heavily invested and at a 25p average which I am comfortable with.
The only reason I post on here is to conversate points I have and to take on the points of others.
I take on your points, and for my own selfish reasons hope they are accurate, but in my experience of making money, hope Doesn't get the job done..
Pumpandtrump
Posted in: TLW
Posts: 19
Price: 17.285
No Opinion
RE: Morning all04 Apr 2020 09:28
Worst case in my opinion is a retrace of 10-15%
But with Fridays news, the imminent CEO announcement and the OPEC meet next week I see a short to medium term upside of 30-40%
Everyone knows the situation with oil long term, everyone also knows the situation Covid19 is having on the market as a whole. However the fact that the most powerful oil producing nations are coming looking to collaborate on the situation should be taken as a positive by the market, hence the price of oil rise?
This was your post pre selling Friday afternoon around 15p.
You then went bear lol. You will get your entry and then turn positive. Therefore you opinion is not really based on anything but whether your long or short .lol
IMO i feel tlw will hold well as there hedgeing is good and there plan doubt if this will touch 14p
If you think it's risen because of poo , think again.
Oil price has not led to a fifty percent rise.
Debt restructuring and 700m head room plus asset sales of 1 billion are going to totally transform the balance sheet. You know that , you obviously have an agenda.
Probably you sold at some point Friday and didn't expect the rise to 17.5p. So are desperately trying to get your entry .
At the expense of others , who you are trying to relieve of there shares . Very poor form.
Price Of Oil POO
Hello, I'm very new to this, what is POO? x-D
Any 'collapse' in POO will only assist the various parties to get around the table, sooner or later.
I believe TLW has a bright future, anything below 30p is a great LT investment. Look 18 months ahead and we wont be at 17p !!!!