RE: Crying Crash10 May 2022 11:46
FlyoverE I'm afraid you're talking a load of ...... if you believe your own mad ramblings I suggest you short Tullow. I'm afraid it's very unlikely oil is going under $100 anytime soon and if it does happen to dip below $100 it will be a short dip with a quick return upwards. America have basically in everything but name declared war on Russia by funding Ukraine and are not interested in a quick peaceful resolution. They prefer a protracted war to try weaken Russia. With all the comparing Vlad to Adolf, war crimes accusations against him and placing him into a corner there isn't much chance of a compromise settlement in the near future. The fact that the EU are prepared to give Slovakia and Hungary a 2 year exemption from EU Russian sanctions to help wean them off Russian oil tells you a lot about how long this will go on for. Plus let's not forget that America are pumping 1 million barrels a day into the market from their strategic reserve at the movement. This will come to an abrupt end at some point in the near future and America can't keep doing this indefinitely.
Tullow may go up, Tullow may go down, but oil is only going up.