Do you remember Tacotaco, saying to me that API doesn't matter ? Thats like selling 100 bars of chocolate for £50, is it Tesco value chocolate or Llindt ? It doesn't matter its chocolate right. Is the investment case the same. Of course its not !
Thanks for posting that article, but Jeez who wrote that ! This was the best bit ' light crude oil tends to sell for more on the market than heavy crude oil – look at how West Texas Intermediate tends to trade at a premium to its heavier cousin Brent.'
Some drivers for POO. Shale bankrupcies IMO2020 Dollar devaluation Fracing ban due to earth quakes and polluted water sources Tesla goes bankrupt and taxes on Electric cars ( need to get the tax from somewhere )
Just a few weeks ago Metro had the same shareprice as Tullow. Today its 222p I know quite a bit about Metro Bank as have been a holder there on and off for some time. I also know quite a bit about Oil and out of those two I'm only holding Tullow.
Tullow will get a 10% boost anyway, as buyers buy the dip. But please stop buying more, I'm sure you've got enough now. No need for a repeat of Premier Oil for 18 months. Are you interested in Gold miners ?
Never mind about waiting for the bottom we are still waiting for your calculations on Tullows Enterprise Value. You posted 'EV is still £4.8bn (debt +mkt cap) Could fall much much further imo' Then you can tell us how you get Tullows net debt at $3.6b in 6 months ?