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What do you think is needed to see this re-rate? Is higher oil prices enough on its own, or would we also need to see a divi to encourage pension funds to invest a bit?
Jef,
I'm with you - some of my tranche were bought at 900p, but traded my way into profit. IMO, we need to get Christmas out of the way as it is unlikely we will have any news by then and if more lockdowns are announced then poo will suffer.
I get that JMAX but the important bit is up.......depends on when you bought in but not seen much op recently given we hit 65 at one point (BTW I am one of those PIs that had tullow in £2 and have felt the pain)
Jef,
seldom does a stock or commodity go up in a straight line. This new variant has triggered a pullback.
I love it.... reminds of women friends of mine in my you the who went to see those palm readers and came back all excited having been told they would meet the right feller and he is going to just what your looking for... JMAX please elaborate on your theory
JMAX I'm sure that pearl of your wisdom really cheered him right up..... LOL
Jef,
I have mentioned this before that Poo would retrace - before going much higher but it's going to be a rough ride.
A cowboy rode into town and stopped at a saloon for a drink. Unfortunately, the locals always had a habit of picking on strangers, which he was. When he finished his drink, he found his horse had been stolen. He went back into the bar, handily flipped his gun into the air, caught it above his head without even looking and fired a shot into the ceiling.
“Which one of you sidewinders stole my horse?!” he yelled with surprising forcefulness. No one answered.
“Alright, I’m gonna have another beer, and if my horse ain’t back outside by the time I finish, I’m gonna do what I dun in Texas! And I don’t like to have to do what I dun in Texas!”
Some of the locals shifted restlessly. The man, true to his word, had another beer, walked outside, and his horse has been returned to the post. He saddled up and started to ride out of town. The bartender wandered out of the bar and asked, “Say partner, before you go… what happened in Texas?” The cowboy turned back and said, “I had to walk home.”
Not looking forward to tomorrow... Seen nothing of opec looking to delay more oil coming to market... Can see this and oil tanking.. They would be stupid to not hold back on the 400 for Dec AND Jan, demand is looking choppy. Have a feeling though they will do diddly and oil price will fall... Fed up of the downward spiral.. Can someone cheer me up
Happy Christmas
Piled in here for a Christmas Present of 50p - 300+k Shares bought
There isn't enough crude in the marketplace Bloomberg has been reporting a deficit of 2 million barrels per day since October. Even if air traffic stopped entirely then it would still take at least 3 months for stockpiles to build up back to normal levels and that's not even taking into account the demand for distillates during the colder months due to a worldwide shortage of gas.
The markets reacted (rightly) to the unknown quantity of Omicron because of it's significant mutations (10) and only in a few weeks will we know if it's something to worry about. Some people seem to be writing the variant off and with only some scant anecdotal evidence. Vaccine efficacy will be tested in time, so will mild/serious illness vs hospitalisations, fingers crossed this is the virus becoming more infectious but milder and if it is both of these then it will eventually make Delta extinct. Again though let's let science give the answers here and not those who read a Facebook article and therefore know more than infectious disease experts.
I'm also starting to think that oil is not going to go below $70 a barrel anytime soon. Plus as it's now the 1st of December with only 31 days left in the year, and with current hedges, whatever happens to the oil price in December will have very little impact on Tullows end of year results.
fantastic buying opportunity - worst is over - new strain a damp squib - NEW STRAIN YOU ARE A LOSER - COME ON TULLOW YOU M&THER Fu...........AAAARRRGGGG.
Variant that we know such about. Let's all panic..
We know so little right now
Something about a new Covid variant. You may have seen it in the news……..
Slower growth, less demand
So can someone please explain the fall in PO..... Besides some Strategic reserve noises
Unless they think there will me major lockdowns, i doubt they will increase their short. The oil market is structurally bullish.
What is really going to be interesting is to see if shorts are brave enough to increase their position and if Tullow will drop below 40p. Personally I think neither of those are going to happen, however I hope the shorts do increase as would like to see them get burnt when this takes off again.
From a technical perspective this is going to be interesting if Oil continues to fall. PI’s may not be the only ones sweating. Good to see the Wiz Kids getting caught out for a change & getting a taste of their own medicine.