Well, I bought back in last Friday so I've been a tad lucky27 Jul 2020 22:07
here. Wanted in after the Indian Arbitration RNS, thinking there may well be a big special dividend if the decision goes our way and India are forced to pay back the $1.4 billion Cairn say they were wrongly taxed. Also of course the fact that the price of oil has been rising since 30th April this year, now at $43.46 (cfd price). Good, or what? Was at $20.11c on 28th April!
I think countries will not lock down in total in the future. The World will have to get used to districts/states or whatever being locked back down for a few weeks. I think this will continue until a vaccine is being delivered to........ well, everyone. Personally I think us in the uk will be getting the jab in October and onwards.
Also I don't believe Saudi or Russia can afford for the oil price to dive again. They would go bust. So even if the oil price does start to drop, say below $38 they will re-cut to support. They would have to IMHO.
I now have shares in CNE, PMO, HUR, PHAR, TLW & UJO. Clearly I think the oil price is either staying similar of going up. Actually I think $45 plus is coming soon.
All IMHO.