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Hopefully odey keeps the short open for our imminent results.
does TLW EVER go UP?
huge ftse increase, oil increase and still DOWN......if HUGE oil price goes SLIGHTLY down or ftse down then TLW gets trashed
this is down a THIRD within 3 months let alone 12 months ago
Looks like Odey took out a short on Monday. Maybe explains a bit. Less than a % and done through derivatives and with what looks like some insurance attached if it hots 54p
SP rose against it though yesterday morning and then fell back on wider market sentiment.
Brave one into next weeks update as I think it has more potential to go the other way. (Consistently high oil prices).
FTSE 2% up, Tullow now started moving south this morning, Capricorn moving north, great correlation -ERRRRRR NOT
He didn’t do his job as he predicted wrongly or slow to react when inflation was creeping up. Now he is covering his back and giving us worst case scenario. He should resign. People in high places should do the honourable thing to resign if they can’t delivered what they are paid or elected to deliver
Sad, you have to remember who the Bank of England Governor is ; Mr Andrew Bailey, former CEO of the FSA; enough said ;)
Sadanby001 which sectors, it seems to be just food banks at the minute.
With the worst inflation in the G7, low labour availability, stagnant wages, low household disposable income, a summer of strikes, highest tax burden since the 50's, low output and productivity the signs are there but hey you keep believing the BoE is lying to you for some reason or other. Whatever floats your boat.
If the UK going into recession why are some business expanding don’t believe what the Bank of England is saying
Recession fears are really a drag at the minute. The UK and Russia are almost certainly facing recession, China no chance, US slim chance, Eurozone possibly. But as long as there is even just modest demand relative to normal periods in China, India and the US any demand destruction is unlikely to shift oil down much i'd be surprised to see $60 even if countries start to fall into recession by the earliest of the end of the next 2Q's. I say this for a few reasons, OPEC does not have the capacity to pump that additional phantom 5 million bpd, Russia will be sanctioned for as long as Putin is in charge as the game has changed now no more appeasement, collectively global production is still less than before the pandemic, hurricane season in the USA is nearly here and most importantly global total recoverable oil is falling off a cliff. Oil is a finite resource and none of the majors or GO's over the last few years have been pumping money into exploration.
The market may get sentiment jitters but the reality hasn't changed that supply is tight. A recession is something that has already happened, a period of decline as trade and output figures only become definitive after they are released. How many quarters a recession lasts or how far GDP falls normally hits oil hard, but after only coming off the back of such low prices recently a drop back so soon would lead to the mother of all supercycles because it's chicken and egg then even $200 could be a reality as oil companies now are all either still bruised, trimmed down, capital restrained, massively indebted or critical as a result of 2020. At $45 and CEO of oil plc are you going to sanction what little capital you have on big expansion projects of course not. Nobody knows ultimately but until there's a sign of a glut I think we are quite safe. This is also why we hedge.
https://www.google.com/amp/s/oilprice.com/Energy/Crude-Oil/Total-Global-Recoverable-Oil-Reserves-Are-Falling-At-An-Alarming-Rate.amp.html
My luck, you’re giving off the lipstick vibe and you’re making my knees knock
Keep strong.
We shouldn’t worry that much as it’s not only Tlw falling. The whole market is so nothing specific that Tlw doing badly. Over reaction and panic selling.
Have faith otherwise just keep cash in ur bank and not play the stock market.
IMO
Lots of green shoots on the board again the panic for those conspiring against the company grows.
Doomsayers...... This board has had many rampers, and a few posters who have been realistic over the last year or so.
If this continues
There might be a day that we are actually thankful for the 75% hedging
Doubt it’ll drop that far though.
Buffett is right, some are just not mentally fit to own stocks.
I think somebody knows more than us mere mortals, I’ve been on here for sometime now and tried to ignore the doomsayers and derampers, but so close to the 13th of July and the wheels are firmly falling off the bus at a rate of knots, something here stinks and I assure you it’s not my underpants
Now that would be a gift from the gods !
Finger will be poised over the 'BUY' button early tomorrow :-)
GLA (genuine) LTH's