Blue and red19 Nov 2020 18:48
So to go back over the day, I did buy some more at .535 today and my 350,000 shows as a sell in red, but it was not.
Therefore, I suspect quite a few of the red trades today are buys.
The seller, whomever they are, has certainly been busy and their broker has utilised the increased interest in this late stage of the drill to shift plenty. We can only assume they want cash.... or they want out of hyrdocarbons for portfolio reasons, or they want to invest elsewhere.
I suspect it is a combination of the last 2 of these 3. So, bye bye hydrocarbons and look at all the other opportunities in the market.... with vaccines coming in 2021. I cannot actually fault that. But the rerate here on a good gas and oil find will take some matching.
However, if you are managing big money, it is a different ball game.
I think we are nearing a conclusion here. I have that feeling again. Whatever you think, Christmas is going to arrive or be cancelled before the 25th. I'm f'ing in it.... so see you on the other side.
NVG, he can go crowd-fund my a s s!!! Though I salute your humanity as I type that.
Take care, take it easy and most of all, take heart. xx BH