Perspective12 Jun 2020 04:26
I think this needs putting into perspective. There are always going to ups and downs, sometimes big, sometimes small. As we all know, this is especially the case with oil.
The way the markets shot up was never going to be sustainable. Things were always going to back track. Its not just oil, but pretty much eveything.
I got in with Tullow - 20,000 at 36 and 8000 at 34. Am I worried? No. Why? Because this is just a response to news from over the pond and a few other variables, such as covid that we always knew would play a part in recovery.
Tullow has already shown its strength by weathering the storm and boy do I wish I'd got in a few weeks ago!
I have no concerns about this situation. It will go up again and I hope this time a bit more steady.
I will sit tight and wait it out. Nobody said this was going to be easy, but for me, this is the best share on the market at the current time.
GLA.