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This is too cheap regardless of the last update... as a previous poster mentioned oil was less and debt higher a few years back and this was around 250p no brainier in my opinion... GL and stay safe
The share were split 1.74 to 1 so looking backward is not the answer. The company probably had more proven oil reserves.
since then theres been a RI so more shares in issue?
And you lot called me crazy to short. Told you follow the money.
I agree that shorting this was a good move but NOT now !!! Please for gods sake don’t start getting into short positions as the bounce on this will be sudden, swift and violent.. my opinion would be to buy now... if it drops then buy more but I can’t see this falling as low as 130p... GL
Bulent relax I will buy more at 135p. Thinking maybe putting it now. We will know when carapas in. This trading like its failed already.
This will be back to 200p. Question is when. 2019 unlikely. Maybe 2020. Jan to april.
If carapa comes in then 20% recovery likely. But carapa has 15% COS so chances are 15%.
Mrd5432,
I think I would close that short before mid afternoon if you're in profit.
You think im just protecting the downside.
Never lol. Ah so many said that to me on pmo when i said 100p wait.
When things are dropping always harder to see the upside. Same when things are rising on the downside. Tullows average price is always around 200p. I cant bet you a small fortune it will see it again. As soon as it says problems fixed now we will see 97k bpd
The chances of rise of SP faaaaar outweighs the chances of making money by shorting right now... I have never shorted in my life and never will but if I was to, this would be the last place my money would be right now. GL
Just topped up another £12400 @ 1.42p average is now 1.50p I would advise the same move if you can afford.. please please DYOR and I wish you all lots of rewards for your investments
too risky to short at this price. buying could flood in at any time once the up trend signs are there. that could be once 148.5p breaks.
Youl see my buy when you see it. Im hunkering down in the bunker now. Il come out jan 15th 2020. Sell then if not then then april 2020.
Youl see my buy when you see it. Im hunkering down in the bunker now. Il come out jan 15th 2020. Sell then if not then then april 2020.
topped up @ 141.7. Averaged down from £1.92 to £1.77 thanks for the posts. gave me encouragement to average down despite this uncertain climate. Indexes at record highs but holding ...only just. progress on China deal they say, hmmm I can't tell which direction this market will go from here. Charts curving south. Who knows...…. GL all
Ricki77,
Sometimes you have to which is why its best to only buy quality companies.
Close in the 150s anyone ?
Heavy oil is good wit hall the light shale about INMHO
I need to hire a boat. Head to where they drilling carapa.
150s would be nice. Give me breathing space.
Anyone want to sail to guyana with me. We check on carapa see if light sweet oils struck
You sure you didnt say £1.58?