Member Info for Delapsusresurgam

This is just Trump threatening SA into going back into negotiations, it's not a deal and Russia isn't going to react positively to US intervention unless Trump has promised movement on sanctions which he can't guarantee. And there's still greatly reduced demand for oil however much they cut.

Are these cruises where people don't ever actually leave the ship at a 'port of call' during the journey, where they can catch the virus during the trip?.

As I understand, about a third of people on cruises are over 60 and until a vaccine is widely available CCL will lose many of these customers as they will not want to expose themselves to an environment where they're in close confinement with lots of other people. Secondly, until a vaccine is freely available, imagine what would happen should cruises start-up again and a case is detected 'on board' during a cruise !. Not trying to deter investing here, it's potentially a great investment but not for the fainthearted at the moment as who knows what else may yet come to bear (legal cases, etc.).

Trump is a buffoon, so we should take whatever he says with a large pinch of salt. He's hyping up expectations for his domestic audience which includes the Shale oil drillers. He also refers to "they / them .... making a deal" in recognition that there's little he (the US) can do to influence any deal. So, if it's down to Russia and SA to agree a deal, what are the benefits for them in agreeing to reduce production ?. Well, if they do, the POO won't fly back up to $50, it will probably stay quite low for the simple reason that there's no demand out for the time being + there's a surplus of oil in storage which is quickly 'closing in' on capacity. As a result Russia & SA will end up gaining very little extra revenue with the slightly higher price being offset by less barrels being sold. In the meantime, shale drillers in the US will still be producing as much oil as they can get out of the ground whilst being kept in business by the somewhat higher POO. Surely better for Russia / SA to keep pumping more oil and sell cheaply to drive down US production to the point where the Shale drillers really feel the pain and many start to fall into bankruptcy. Once they do, the POO will naturally start to pick up anyway as the US levels of production falls significantly, and giving Russia / SA much more control of the market than they have at present. They've tried to destroy US shale in the past (without success) but many things are now in their favour and they have a real chance (too much oil + no demand for oil + shale driller heavily leveraged) to put the US oil industry in its place. IMO, I don't think they'll miss this once in a lifetime opportunity. What do you all think?.

Need some positive news from somewhere. US deal with Russia ? .... Russia deal with Saudi ? ...... or even Saudi deal with US ?. Otherwise, not too long before worldwide oil storage capacity is exhausted and then there could be carnage for the oil price.

One factor people don't seem to be considering is the likely impact of WTI at < $44 / barrel on Shale drillers - many will be losing money at this rate and without extended funding lots of smaller outfits will fold.

Whilst I hope PI's do well out of this share (and it certainly has lots of potential) I bailed out this morning at 17.11p, having been in since before the SP crash and subsequent RI (5p). I feel it will drop a bit further in the near term (possibly into the 14p - 15p range) before it starts to move up again. There too much uncertainty about what's happening in the background at the moment and it could be good or bad - only time will tell.

The share is being manipulated, obviously, but it's also being handicapped by Corona Virus and the like. There were a few big buys late afternoon today however which makes me wonder if someone's looking to make a move soon, before anyone else does, because it's become such an easy target now for a predatory bid.

I'm well screwed on this share, but it's not luck we need, just some positive management from the BOD and to get a CEO appointed without taking 12 months over it !..

Probably best to discount any possibility of any award from the arbitration. Even if successful, the Indian government won't pay up, they're bullies and a bunch of thieves. No honour, no credibilty , which is one of the reasons they struggle to get foreign investment. Cairn should be prepared to spend some cash on adverts in trade journals and elsewhere to warn other companies from investing in India, and see how the Indian government like that.

Probably best to discount any possibility of any award from the arbitration. Even if successful, the Indian government won't pay up, they're bullies and a bunch of thieves. No honour, no credibilty , which is one of the reasons they struggle to get foreign investment. Acorn should be prepared to spend some cash on adverts in trade journals and elsewhere to warn other companies from investing in India, and see how the Indian government like that.

Now up about 24p up from opening price. HSBC today have a £17 target SP. Brokers noted are notoriously unreliable when looked at individually, but they can be used in aggregation as an indication of likely travel for the share.

Maybe this is starting to turn about now. Hoping for 14.50 ish finish today.

Ridiculous fall today despite value of Sterling and Johnson's sad little games. It's always EZJ that suffers in this way despite being well placed now to weather Brexit issues and with a strong balance sheet. Maybe the shorters are trying to get the price down to help them close their positions?.

Absolutely agree. If only CNE could make a little faster progress in Senegal I'd be much happier - too old to wait into the 2030s.

I don't see any possible bounce happening today but suspect it may open tomorrow a good few pence up which might build a bit of confidence to start a slow recovery over the next few weeks into the 80p region. Then there will need to be an asset sale and/or a good outcome with Carapa which is still a possible saviour here !. What shambolic management from Tullow, especially the CEO. I'm holding on to my shares and hoping for some good news from Tl w which has been in very short supply of late. GLA.

With some amusement I've been watching the 'comedy-drama' going on today with this share. Take the J+J wells completely out of the equation (i.e. as if they never existed, so that we never heard either the good news, or the subsequent less-good news about Guyana) and the shares would probably be about the 1.80 level, at the very least. TLW has the same assets/reserves it had access to before August, it's slowly reducing its debt levels, it's still selling oil as it did before. This share will move back up, sooner or later, and find a more realistic level.

I'm pleased to hear that 'cos I've just done the same and topped up. Fingers crossed and good luck.

Now that's one big fall in the SP !!! .... an over reaction, or what ?