Member Info for Bluelight

I sent a colleague home from work who had ' the flu'. Person hated me for it, but everyone else in the office was relieved. For me an individual needs to use common sense now and stay home if show any similar symptoms at all. It's selfish to potentially spread a disease to others and their families.

You shouldn't be buying all you can. If you want to buy more then do it daily in tranches, as you dont know where the bottom will be. Going all in is gambling.

Utter bloodbath, FTSE pushing -10% on the day

Have to admit it looks like a dead duck now. Wont be the only one in this market. Could be short term trading opportunities, but if oil stays here Tullow is done as an entity now in my view.

So if oil stays where we are we will be losing $15/bbl on half our output, lovely...

My money is on another rights issue. When companies are suffering they always seem to love sticking the knife in.

Most people will want to be tested if they get a cold. Its a case of do I just have a cold or do I have a 5% of dying. Of course everyone will want a test for peace of mind. Whether they get one depends on the country. If you're american and have to pay $3200 for one I suspect most people wont be able to afford it.

By discussing future cooperation, read that as no more cooperation, and how they will fight the price war. Too late for any agreement now, and Russia wont have any interest in backing down as it will tarnish Putins hard man image.

And prey for no rights issues

I suspect you'll see 10-12p again later. Markets had their expected bounce, now for the second leg down to set new lows. Gl all

There in lays the issue, they need higher prices. Saudis are increasing production for a price war. Companies have to survive the downturn, and not all will. Hedges roll off and new hedges have to be done at what will be much lower prices. Means either fund raises across the industry, massive efficiency gains, or bankruptcy.

You folks seen oil? It's down 30% this morning. Now's the time to get into pharmacy and cvd companies, as it's going to be a bloodbath on the markets.

It's Tullow Modren, not Tallow. Tallow is animal fat they burn for electricity. Probably worth more than oil right now...

Only? Today maybe, that again on Monday no doubt. It's just the start

Yep, thats the nail in the coffin for oil that. $40 brent here we come

Breaking news : Russia refuses to back further oil output cuts. Tank time

Its the realisation we are in for prolonged oil demand declines. Opec can reduce supply but it's only one side of the coin. If global transport and industrial output declines at the rate it is due to CVD then oil has much further to fall. That's the fear. Creates opportunities for the patient, but I'm only cash and specific sectors for now

In a recession companies are not valued on fundamentals, they are impacted by fear and greed, and the relative balance of such. We are in a global pandemic, which has not been seen in living memory. No one truely knows what impact it will have on the global economy, but one things for sure its not going to be positive. Companies profits will fall (Unless you're a pharma, CVD developer, or a toilet roll manufacturer). The fear of it will drop markets until greed kicks in again, or fear subsides.

I think you'll find that's exactly how it works. Recessions always bring valuations much more below where true value is. Do you think in 2008 the market though the DOW would hit 6400 in a recession? Its the same world with the same companies, and the same demand and supply dynamics. Just because its a much bigger high doesn't mean a low will be much higher, markets don't fall by a set percentage.

In the last recession Wall street hit 6400. Its currently 26000. The math's there to see how much potential their is for a fall.