Member Info for BTFATH1

On the 26th £200 million barring no impairments? Oil was at 70 dollars at year end so I can foresee any write downs?

Great posts.

There will be a coordinated move to work together to cut production within the next two weeks for sure.
Saudi, Russia and the US are all losing huge sums daily by acting like school kids.

We are in the midst of a global depression that will last for many many years and in reality it only took a month to get into this situation.

They are Norma, watch out for those final results £200 million net profit is my forecast.
Can see Brent back at 32 plus next week. 11p plus next week

ponzi you said I was mad cashing out at 27p I am now back in with 4x the number of shares at 8.19

In the UK in modern day history, confidence comes back just as quick as it falls.

Saudi, Russia, and the US cannot sustain sub $35 for longer than a few months. Enquest are breakeven at around this price.

Oil companies should just start putting their production in to care and maintenance.
China the biggest oil importer in the world are back to work.

Anyone know what the net profit will be I would estimate circa £200 million?

Buy set at 8.80 having sold at 10.59

The UK economy is absolutely screwed anyway pre corona we have learnt nothing from 2008. Record level of personal, international and corporate debt is not sustainable combined with zero interest rates.

This must be contained regardless of the financial implications in London.

Lb what on earth are you looking at here the Brent live price?????!!!!!

https://m.investing.com/commodities/brent-oil

Ray and lb thanks guys lovely comments. Ffs I’m just trying to claw some of my losses back for my family. We are all going to need it the next 4-6 months.

Just illustrating the huge volatility. I now need 7p to break even from 11.5p yesterday.

Won’t post any longer as I am so busy in work and cannot be doing with comments like that. Cha

And then another bounce imo - right I have 54 unread e-mails

...

And repeat

Soon huge buyer in the background

someone dropped that to load up imo

And repeat

£700 less than I sold at, got to trade it ladies and gentlemen

Ray but I only need 9p for breakeven

Dropping thought it looked toppy

Adam I feel your pain the only way is to trade the hind legs off it and be in every evening if you can for the takeover/asset sale. I am so busy in work it is so difficult.

Do not sit on your hands this is going to be smashed around like Rory mclroys golf ball

Ammu you don’t half talk some tosh :-)