RE: Good calls11 Jun 2020 10:37
I think the Dark Forces we need to be aware of is the pending global economic stage. We all know Tullow is still undervalued and represents a great investment both mid and long term when in isolation of other factors affecting the markets as a whole.
The questions are, is the mother of all recessions on its way? When will it start if so? and how will it affect oilies?
My personal opinion is that a vast majority of FTSE shares today are just having a correction, I think (and hope) Tullow will still rally beyond 40p short term. Will that happen by Friday? Unlikely now, but next week? the week after? Very possible IMO.
So until then, you have two choices; either try and trade your way to a more lucrative position (in Tullow ofc) or close your share tabs and let the market do its thing - as hard as that can be!
Either way, you're holding a great share. Don't forget it.