Member Info for BTFATH1

Soon with poo risingb

At 24.7 having exited at 26

Is a complete joke right family time, exercise and sunshine have a good day all

Agree we will see a very sudden drop followed by a strong bounce.
Could see low 20’s again I reckon

9% that is the highest for a while unsurprising after an 80% rise in just over a week.

Close. 25p or 27p for starters? :-)

Down from the close on July contracts.
22-23p tomorrow I think it is a distinct possibility if it remains the same.

After a 100% rise in a week. Agree long term this will be many multiples but short term this will continue a downward trend imo

Hi sbb, hope you are safe and well mate. Yep I might remove my buy.
At 29.5p this morning it was 100% up in a week.
Think the correction could be brutal over the next few days

Buy set

What was I saying last night

I do odey personifies the arrogance and corruptness of our capital elite and the largest backers of bojo.

Brent hit 23.83 yesterday around the close it is now around the sane level. Tlw is now up 70% from early on last week dyor

Tullow is not doomed in anyway shape or form imo particularly with the recent news flow ad the strong hedges but posters simply stating this will continue to rocket when we are facing the deepest global depression in modem history are deluded.

7.3 Billion quids worth of liabilities. net assets 900 odd million and now we have the Ugandan sale with an immediate 500 million in cash. Did they add this on the balance sheet as 1 billion plus who knows?

Don’t get me wrong tullow is still undervalued but everyone needs to consider the macro environment, potential for further writedowns and the 7 billion in liabilities.

Oil geezer touché sunshine!!

Page 100 7.3 billion my apologies I under estimated by 300 million.

Don’t get me wrong there is huge value to be had with trading tullow but there are reasons for the volatility

https://www.tullowoil.com/application/files/5815/8636/0065/2019_Annual_Report_and_Accounts.pdf

That is net debt total liabilities are 7 billion

That is up to our incredible world leaders bojo, Reece bogg, Hammond, Cummings, gove and Patel will steer us through this :-))))))

I think the big crashes will happen from May-August when companies report and governments announce the implications of the shutdowns.

We just all need to stay safe and healthy and be thankful for what we have.

Oil is the biggest indicator of the health of our economy when has -40 dollars ever happened.

Gla

Is also a going concern and has 7 billion of debt so I would class them as a monster zombie. But with the asset sales new ceo and rbl announcement the future is much brighter.

But anyone that thinks this will not be volatile over the coming months with significant downward pressure at times is kidding themselves.

40%, the banks failed stress tests pre Covid, the government declined to run them a month ago.
Interest rates at zero, unlimited money pumping, unsustainable personal, corporate and international debt levels, a drop in gdp 20% worse than the Great Depression. Tens of thousands of zombie companies alone in the U.K, one in 3 with no savings and the capitalist business model has failed irreconcilably.

What do central banks have left ah yes more money pumping.

Don’t get me wrong we will see the mother of all bounces but once everyone realises the truth of the current situation we will see the dow under 20,000 and the ftse at 4,000.

Btw I have an economics degree before you all hurl abuse :-)

Trade trade trade and never buy In to the false pikes

Tomorrow managed a quick cheeky trade this afternoon at 25 to 26.06.

Poo is 5% off the high

Brent heading south not often I have called it right to sell lately :-)