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Like GENL all over again.

From 0.75% to 0.25%, will it help TLW with its huge debt pile?

www.bbc.com/news/business-51831004

Shorts need to be closed in a orderly fashion and not all at the same time otherwise the sp will shoot up.

PHAR is up 7% today after after the results and they even made a loss, if TLW is expecting to post a gross profit is expected to be c.$0.7 billion then where should the sp be going tomorrow? My guess will be high 20's or low 30's where resistance is and close the 28p gap above.

These impairments and exploration write-offs reminds me of GENL back in those days from £11 to 60p.

Trading Statement & Operational Update under 2019 performance says

"Tullow expects to report pre-tax impairments and exploration write-offs of c.$1.5 billion (c.$1.3 billion post tax) primarily due to a $10/bbl reduction in the Group's long-term accounting oil price assumption to $65/bbl and a reduction in TEN 2P reserves."

Do that mean Net assets value will be halved from 2.8billion to 1.3billion, with intangible assets of 1.9billion it means the NAV of 70p for end of 2018 will now be minus something for end of 2019?

The gap above POO will be closed in the the near future or after new tax year because that will hurt the americans companies very hard combined with the increasing covoid 19 cases, remember the gap below POO back in last spetember? that gap got closed within 2 weeks, the question now is how low will POO and TLW sp will go before POO go back above 50$.

Its not just TLW getting crushed every oil producers big or small is getting crushed too at the same time, its the POO moving the SP for all oil producers and i am not surprised if POO go down lower to 20$ in the near future, like the russians say in my Youtube link in previous post its a gift for the americans and they are getting it while the number of coronavirus infected in US is growing steadily until the whole of US is in locked down then maybe the russians will allow the POO to go back up and at the same time buying up all the oil assets for peanuts.

Major Global Economic FALLOUT Just Happened www.youtube.com/watch?v=eFnUFV_O0aY

FRES is back into FTSE100? If so then institutions will be buying back in and increasing the SP with it, compare to last time before christmas FRES was kicked out of FTSE100 institution was selling taking down the SP with it.

People are still in quarantine in china, italy, sk, japan, iran, us etc therefore less cars being used so oil supply must be building up and demand slowing down, plus people are not going on cruises right now, airways passenger numbers are going lower and flight bans to most affect countries.

Looking good and next attack is 220p.

While all other goldies are going up big time, SP here should go up to 69p at least and its looks ready by the looks of momentum and MACD indicators.

Another gold miner and sp is ready to lift off, its a austrailian gold miner with resources in africa with a MC of £635m, fill your boots before the train leaves, dyor.

Another gold miner and sp is ready to lift off, its a austrailian gold miner with resources in africa with a MC of £635m, fill your boots before the train leaves, dyor.

Another gold miner and sp is ready to lift off, its a austrailian gold miner with resources in africa with a MC of £635m, fill your boots before the train leaves, dyor.

Have anyone noticed that the price of gold in yen, euro, CAD etc other than the dollar have rocketed much higher than the POG in US dollar?

SP will be back above 200p in no time, this time last year gold price is just above $1300 and silver $16 and HOC sp was 200p. Now gold price above $1600 and silver price above $18 and HOC sp is 180p even with more revenue, higher profit and $86 million more cash in bank than last year! sp should be closer to 230p like last August when POS and POG was abit lower than now.

From bad to worse since 2010 www.youtube.com/watch?v=slg6NktZ5Tk

Like ENQ divide the NAV then you get 18p so buy below 18p and give it 6 months then SP will go back up and thats ENQ, and i think here wait for SP dip below 35p which is half of NAV then just buy below 35p and keep in the back draws for 6 months.