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If Brent heads $45 Monday, we could have a 50% jump in so
Tlw sp has been so manipulated and held down I think Monday could see this BOOM
I have a feeling we will see 40s on Monday
I do feel that the shorts will close and as such they have to buy so we may see a massive day on Monday.
I am trying to think why the shorters would hold...I cant think of any reason why. 2nd pandemic wave maybe...that's about it
Great title!
Pros for Monday:
- Continued optimism of quick recovery of economy and markets
- OPEC extended cuts of 9.6m for July
- General market data (Economy figures, etc.)
- General updates from Tullow (RNS etc.)
Cons for Monday:
- OPEC deal already priced in or worse (9.6m vs 9.7m cuts first thought)
- Markets overbought
- Tullow overbought
- Fear of COVID19 secondary wave from recent protests etc.
- China/US tensions may resurface (problem hasn't been solved)
- Huge resistance for oil at 43-45$
ALL IMO. Post other pros/cons!
I don't feel tullow is overbought....Although I know what u mean.
On a daily basis, the share is currently more overbought than it was after RBL redetermination.
Just a technical analysis indicator.
Slift that's rubbish
I’m sure we were told that oil would struggle to see $40 again this year also...
I’m sure someone’s sold out already and kicking them selfs.
Oil currently $42.30 and showing no signs of slowing.
Roll on tomorrow morning let the fun begin!
Strong blue day followed by a strong blue week like last.
Gla and dyor of course
Tullow achieve FCF @$35 Brent.
Do the maths.
Nothing goes up in a straight line.
DYO research.
Good luck.
Hi HeresHopin,
Yup, I have reduced my holding. I still hold around 30% of my initial investment as I don't doubt Tullow will rise to £1+ in the next 12 months or so.
I always do "try" to buy on dips and sell on highs on a weekly basis.
very hard to judge when to leave a share and take profit , some feel it can be life changing to them if they hold some think it may dip and folk leave hoping to get back in on a dip , but sometimes the sp re rates it`s self and goes up to a new level , this can stop people getting back in and miss the boat , oil would have stayed at $20 a barrel but the oil countries want more so they cut supply this rerates the SP to companies like TLW , next month the oil countries will meet again and see if more cuts are needed , it is working oil is past $40 and could head to $50 soon now the cuts are extended , oil could easly get to $70 if the cuts keep coming and more oil is getting used , next week most companies will be flying again take Easy jet 75% are going to start flying again . really TLW shouldn`t be far of 50p soon imo .
Good to see people on here bright and early.
Tomorrow is going to be interesting for sure, I’ll be happy with a 10% rise by close of play, even 5% as any blue day is better than a red. We’ve seen this week slow steady rise all week. Went a bit mad Friday before close jumping to 19% rise but I’m not complaining for sure.
Wonder if we do see 40’s this week.
I’m going 32 open, 34/35 close. Optimistic I know lol!
Everyone’s thoughts???
I'd be ecstatic with 40p by the end of the week, but I'm keeping my feet planted and expectations firmly in check.
I believe we will in all likelihood go to auction first thing. Likely open at 32p range, spike up as everyone tries to jump on between 8am-9am, usual run up to 11am pullback/tree shake, then hopefully a strong afternoon and close blue at whatever price we get.
Oil I believe will push to $45 by the end of the week or at least have a crack at it.
As for the price by Friday close, a lot can happen in a week globally so if it's higher than where we are now and we have a nice gap above 30p to act as support I'll be happy.
Conservative yes, but reduces any disappointment for me.
JimV
OPEC + is united and want oil $60-$70
US shale is in its knees, is OPEC + is really in control now
$60-$70 is not high by historical standards