Member Info for Furryboots

Make up your mind would you....sub 220 or 250/275.......Personally hope you miss out.

Gogetum - PFC Dividend has been cancelled and PFC in the UK at least have furloughed lots of employees, cut wages by at least 10% and are releasing contractors and staff at an accelerated rate. No Good news here.

Need to be heading to 400p plus at that point i will take the hit and get out, this has really been a bad share to hold since 2016 and no indication it will get better. One for traders.

Our Manager did a town hall from home on Microsoft teams, speaking roughly to 80 of us in the asset. He said it was really weird speaking into a computer with No video or sound and that he found it a strange experience.

yet another dreamer 4 posts and he expects us to believe he has 343k shares.

Never mentioned price from a buy/sell point of view....mentioned certain peoples ability to make profit with an uncanny ability for timing in rising and falling markets. Didnt realise there were so many Seers about.

Amazing how many people are points of a penny away from being in profit when they post. Quicker this lock down ends and the dreamers go back to work in B&Q selling paint the better.

Ultimately any recovery will be down to increase in oil consumption and an end to this disastrous lock down. The cruise industry and air line industry certainly wont be recovering any time soon. Just about every Princess cruise ship was hit with Coronavirus. I like many are locked in here for quite some time. I have no intent to buy more even at these prices. Not that i have much spare cash anyway. The man may be hungry, but perhaps he needs to start with fixing the existing issues and put TLW on a roadmap for recovery long term.

@oddball you obviously dont work in industry. Mothballed haha.

Personally would rather get back to some semblance of normality and take the risk while keeping some sensible measures in place. Cant life life in fear as thats no life to live.

Davstock a barrel in the ground is worth nothing, that is the fear of countries like Saudi etc, they are reliant on oil and the energy transition is in full swing. This Corona virus will 100% accelerate that. i am personally invested in TLW, HUR and PFC, and going to be a forced holder for quite some time. I dont see me getting back my investment in TLW so will have to swallow a loss at some point. I am also pretty sure this is going to accelerate decom in high producing regions like the North Sea.

Dont disagree about more money in the bank, but will people be spending it or hoarding it? On a personal level i will be doing the latter and cutting back where i can within reason. Already regretting replacing my car last month! Companies that may benefit are the DIY Chains and such where people delay moving etc. I dont think housebuilders will be doing much and they are going to have to offer some incredible incentives to tempt people. Local restaurants may see an upturn as people delay holiday decisions and stay close to home as well. Cant see travel recovering that well in 2020 and by default the oil industry will be in for a tough time. The only way i see an oil price rise to a sustainable level in the short term would be if conflict broke out in the middle east. Strangely throughout History was has been used as an instrument to get Countries economies moving.

Problem is for every day oil is low people will be losing high quality jobs in the industry. Looks like every company in Aberdeen is cutting as fast as they can. Not even a glimmer of good news. i think once this is over its going to take a period for people to gain confidence going out and about and doing things they took for granted, i think the V recovery will more resemble a tick than a V.

According to someone i know who owns a company performing work in the industry figures of 60000 job losses are being banded. Thats going to be catastrophic for the North sea, apparently the squeeze is already on and cuts in rates of 25-40% are being banded about. At that level no one will want to work in the industry.

Poker - you wouldn't be wrong ref 3rd sentence and a lot more to boot. Off topic Enquest a releasing people at a hell of a pace.

Well looks like i will be a forced holder for a very long time. Dont even have the dividends to look forward too. Hold these in an employee share scheme so some have been bought at well over £6....sitting on a 75% loss here now. I stopped my contributions a while back as it felt as like i was throwing money away. Woeful.

If it goes down to 5p its pretty much priced to fail. which i sincerely hope it doesn't as i can imagine which Asian country will end up with the assets.

Can i have some of what you are smoking please?

PS you need to behave as well, dont you realise School is out, so take this out of the playground.

Shrewd, this will take some doing, probably 30 million plus per day, which will never happen. I fear this wont end well for a lot of oil shares worldwide and only NOC and the seven sisters will prevail.