RE: Cuts have no effect, as the demand is not there,10 Apr 2020 17:42
I have no cash left but can swap an index tracker into a leverage oil etf to hedge tlw. With this volatility you can get back to evens if you get it wrong. I can leave tlw alone that way.
Think we will see demand coming back sooner and the production narrative will fade away. Want the young working population back and building immunity asap.
Where TLW has 'retired' assets and operations across 10 or more countries, do they free up storage for cheap oil? Can TLW use this as a commercial opportunity?
Judge in court addressing a lady in the dock ' ..so you have 10 children but never had intercourse with a living being?' Lady '..yes your honour. I had intercourse with a ghost' Judge incredulously 'you had sexual intercourse with a ghost? Has anyone in the court had sexual intercourse with a ghost?' Man at back of court ' I have your honour' Judge turning to the man ' you had sexual intercourse with a ghost?' Man 'Ghost, I thought you said goat!'
RE: My prediction came true 220p can it go lower19 Mar 2020 12:19
'Anyone got any technical suggestions of next level of support ' Think 214 technical short and medium term support, 234 longer term.. But in this market the tide still trying to go out..
The market may not bounce. Might be like interest rates. Lower for longer. Global wealth tax was required to close the inequality gap. Consider ourselves taxed!!