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https://oilprice.com/Geopolitics/Africa/Turkey-Headed-For-An-Unexpected-Victory-Libyas-Oil-War.html
https://oilprice.com/Energy/Energy-General/A-Major-Bull-Run-Is-Forming-In-Oil-Markets.html
Can’t think of anything more that can go negative.. we have seen loss of director which has been replaced. Sale of assists taking place and debt reduced... oil prices have hit record lows but rising ( slowly )... I agree this could see £1 by end of year easily if not more
Just gone minus $1 it’s down 300%.... Brent is done 7% and falling ..... oil won’t recover for months.... only way Brent and oil can rise is if oil production is cut world wide for 6 months... until that time tullow and any other oil company is doomed
I think the only way investors can get a return on investment the SP will need to hit bellow 10p.. anything else is HODL.... the good news Last week Was very good but the hope of a substantial oil cut just didn’t wash with the market at present... oil will give big returns to investors by end of year and 2021 but people want returns now and this isn’t the place to be invested... when virus is gone and lockdowns lifted oil will not see positive immediately, it will take at least 6 months I believe. As always stay safe
As I said in many posts... these pumpers are out of order.. they are as guilty as the derampers... they want the Gullible to buy in, raise the SP and dump... all weekend they have been abusing and talking about 32p open and various other crap. Cash is king right now guys and many shares out there on a bargain... this isn’t one of them
i am not a fortune teller HeresHopin.. looking at my posts I have been consistent over the last. Month that this will drop.. the flash rise recently is a not a medium to long term gage.. I say again I feel oil will tank and the SP here will drop bellow 20p SOON !!
The movement of POO looks like it is going to tank bellow $30 this week... even if we get out of this virus in the next few months it will take at least a year for demand to grow.. world is in recession right Now and technically in a depression ...oil is not a money maker right now but will be in a year from now... I would lean more towards negative news in here rather than posters advising people to “strong buy” and “ pile in”.. The agenda to pump and dump puts those in the same scum bag as the shorter’ doing the opposite. For the record I sold my long position Thursday and have no short positions... I will be looking to trade this though when I feel the time is right.
Oil cuts have not been taken as a positive.. it was never enough... the only way for oil to turn bullish would be for opec to stop production COMPLETELY for 2 months... no demand in the world and we have nowhere left to store the shhhiiiitt
https://oilprice.com/Energy/Natural-Gas/Oil-Price-War-Claims-Another-Victim.html