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I think hedging is playing safe. There is still 5-6 mbd spare capacity, mainly Saudis have it. Conditions in oil futures market can still change overnight. Before all the spare capacity is gone, hedging is a clever strategy. It might take less than two years for oil super cycle to happen, but then it might not happen at all.
Anton,
I responded to your claim that the oilers will 'fly' when their results are released. My postings regarding Tullow have been accurate. The truth is not negative. See you on results day.
ScotsLoveTrump we are hedged, until 2 years have passed we won't be able to completely profit much from oil increases above 70$ per barrel. You can thank Les for that. In 3-4 years our financial situation will be much better and oil prices will be higher regardless. Just wait.
Brent closed just over the 75 marker... brilliant, it keeps banging closer to 80! Also it been said that OPEC+ will prob not hike Oil flow... so it's all talk atm! Iran wants to come to the table in August ffs lol, Barmy lot, they're not doing themselves any favours...just us favours so I'm happy for them to keep being ignorant!
Yes and at least I'm not constantly negative..... simple fact is so far everything I've said since March last year has proved right.... if you've held you've done well.... and I still think if you keep holding you'll keep doing very well...... there's thousands of opinions on this site and most will be proved wrong, but we're all entitled to give our own and if you don't want to be challenged on yours don't post it.....
Have you ever written a decent post....
I don't care what you heard.... a little over a year ago we were 9p and are now over 60p..... 3 weeks ago we were 50p.... and now we're still over 60p..... To me that's a fantastic result and think we're headed for £1 plus once half year results get announced, new wells come online and Kenya sorted......
As for shrink-flation.... what is that supposed to mean....prices of everything else have gone up so I must now cry because Tullow has only gone up 100% since March..... pfffft!
I heard all this in the run up to the AGM, how the SP was going to surge. Poo and other obvious news is priced in. I'm expecting $100plus oil, just look at rising prices in other areas and shrink-flation.
Just wait till July when the half year results for the oil companies start getting announced .... oil shares are going fly!
ISYN ... GLA
Top 4 oil conglomerates execs predict a rise to $100 as PoO in the near term as demand increases. From Bloomberg.
It seems that SLT is in love with TLW, but less investors would rather be long than short on TLW or Brent now.
Scotts, would be better if FT100 strengthens a lil more alongside the PoO. 40 -50 points higher would be great, to make up for our recent drop! The shorts then have a tougher battle to contend with.
P.s not to say the markets are not riddled with manipulation, but the weakness/gaps makes it easier for the manipulation. All good as far as im concerned tbh, as we're still in an uptrend as PoO is smashing it currently!
POO now at highest price again in years.....over 75$ now breached
Tlw still not moved from another 0.4-0.5$ increase. Total corruption by the markets alied to fact that decent RNS last week by tullow
tullow over 3p down from last week when POO was virtually same price as now
also, tullow was this price in MARCH when POO was $5 LESS........POO has stabilised and cemented this base over last 3 months which should have boosted tlw price but hasnt
Tlw been manipulated by usual corrupt gits & shorters
I do think that TWL is more relative to Brent than other oil stocks I know, more price sensitive, and frequently outpacing Brent.
Top management
Yes to some extent, depending on hedging.
Who can control the release of RNS?
Does the SP of TLW relate to Brent?
I agree Anton, but you have to realise if their strategy wasn't working in their favour and they were losing money, they would've exited earlier. Their strategy is two fold... lump a load, scare market/investor, dribble on the weakness.. and so on. Clearly PoO is on an uptrend which isn't fake/random. World economics foresees a shortage of oil with respect to demand and that's factored in.
Are the shorters greedy? YES, but they're also very shrewd and calculating, just as any GOOD/Sensible forward looking investor would be. As I said earlier, I expect shorts to reduce, before they trip and and break their noses!
I think it’s fairly well documented Bailiff that your question would take a particularly skilled investor to answer such a delicately poised question…
Bladey ... this did make me laugh ...... "trying to squeeze every ounce of profit!"
The shorters have got this one spectacularly wrong and lost millions on Tullow. They had plenty of opportunities to cash out at 9p and 14p twice. Instead they're greedy ****ers and only want to cash out at 0p. They're getting everything they deserve!
Yes Bailiff, but I expect their attitude to change taking into account the sentiment change in Oil prices with regards to World Economics. Saying that, they will still try to manipulate the SP whilst they can during the process of their exit, trying to squeeze every ounce of profit!
Naturally, the one thing that's not in their control is the release of information from the company, so they're walking on a tightrope in that respect, but for them the risk v reward is worked out. The key for researched investors is to wait out the dribbling of sells by the shorters until they've exhausted their supply OR the Risk v Reward doesn't work in their favour!
are the shorts still at 4.04%
what will 3.00pm bring sp wise?