Member Info for BumBum

We will see $50 Brent this week... The timing of CMD is impeccable

Hi All,

I’m a LTH since the massive drop in SP last year, slowly averaging down with any substantial drops since February, which goes against my investment principles but I just had a ‘gut’ feeling Tullow would eventually come good with its diversification in reserves, new leadership and cost cutting measures. I’ve been reading the posts daily in this board all year, so thank you to you all for some extremely insightful information (Slift) and also funny banter between the shorts and longs!!!

For what it’s worth I personally believe we will see continued volatility but the general trend will be onwards and upwards. I am my far to exposed to this one stock, but I do feel that by Q2 2021 we will see 50p+ I’m not sure we will ever see the giddy heights of £2, however I think once the tide turns and shorters close out, re rate, institutional, $60 oil this could be 75p-100p at some point in the next 12 months.

Good luck all, today should be a good day with more positive news, oil marching towards $47 and tomorrow’s CMD. I remember earlier this year when the SP broke 30p it rallied to 40p within 24 hours... this share as the potential to massively surprise (good and bad)

See you all on the other side of 50p.