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I respectfully disagree... Trumps so called booming US economy has not led to higher oil prices...
Just thought this might be a good subject for discussion
My 2 cents... During Trumps time his administration can be seen, on the whole, as a negative influence. Despite being touted as pro oil the actions of the Trump administration has led to lower prices on average compared to previous one (check out the charts since 2016) 2 policies (opening up of US as net exporter and propagator of Global trade wars) have had a massive downward effect on the price of oil as well as the ongoing covid situation. So if Biden wins and reverses the first two policies then it stands to reason that the price of oil will actually rise? I haven't mention the covid situation as it is dependant on a vaccine and is really an unquantifiable variable at this stage. So what are your thoughts?...
oil is much more integrated into our existence then coal... look at synthetics and plastics... it will be harder to seperate... in the mean time the oil majors will dispense with exploration including BP (whos strategy is profit from renewables) and lead to a squeeze on price...
Maybe this is just the start... a bit more horse trading on the horizon?... Does TLW SP reflect this?...
BP?... the oil company that doesn't want to have anything to do with oil?
story of my life LOL
....
On daily charts, a gap is initially seen when the opening price today diverges dramatically from yesterday’s high or low
Or
You can identify a gap at the open, but you can’t measure a gap until the day’s trading is over. Then you measure it from yesterday’s high to today’s low (for an upside gap) or from yesterday’s low to today’s high (for a downside gap).
beg to differ... on the dailies pmo gap filled at 15.96...
Gap filled...
Gap not filled yet... be careful!
The reason for the drop this morning is two fold imho. Barclays actually raised their price but only to 15p which just goes to prove they are financial muppets. The other reason is profit taking. I don't think its necessarily jitters only because the vix fear factor is still hovering around the 29 mark and would have been back above 30.
This is hilarious... some people making some serious coin out of all this volatility... propaganda works both ways don't forget... one mention of vaccine and whoosh... i certainly wouldn't want to be out of this when that is found!
For one - don't look nervous...
Second - don't state as an executive director that you have just learnt something at a press conference
Thirdly - why bang on about the environment... you are a bloody olly
Fourthly - don't rip the mike of an representative of a institutional investor
Fifthly and most importantly - never ever ever say that you are not prepared to disclose information...
NUMBER ONE RULE - The markets hate uncertainty
Im sorry Mrd5432 for your losses. What has happened to the sp is criminal and really should be investigated. Watching Tullow over many years... this is a traders stock... big swings big risks...
However more recently the changing date of the report of the death of the doctor who raised the alarm back in December (!) really highlights the Chinese + US attitude... nothing is going to get in the way of the stock market train and Trumps re-election...
In the long term this will be advantageous to Tullow I guess