Member Info for hey_arnold

Risk premium is the word im looking for.

Basically I think there is a significant additional discount priced into the stock due to where brent is currently trading.

I disagree nhawan. I think at these levels the market prices in additional risk of Tullow going bust due to brent being below Tullows breakeven. If the Brent curve reaches high thirties and sits comfortably above Tullows breakeven, i would expect this to move materially higher.

Investing is usually about patience anyway. No rush.

Its all the hedge funds that continue to short this due to high debt levels and expectation the market has got ahead of itself.

From Dec20 oil prices are at $35. We need the curve to continue moving up. The curve is up about 2.5%.

"There is more bad news to come and it ain’t gonna be pretty. I think that the big major oil companies will pick off tlw best assets at a distressed price."

Be more specific. What bad news are you expecting.

bid at 26.58

How many times... Ignore him.

I don't know about anyone else but f**k me i was clinging on with that tree shake. Definitely had me rattled at -10% on the day.

Still got all my shares though.

Agreed the storm clouds are overhead. Hopefully some more stimulus might help calm things down a bit.

So would you say you are really trading and trying to follow market momentum, rather than investing?

But the debt level hasn't changed from when you invested last week Dave?

What has was the catalyst for you change of opinion dave?

Tony I think this could also be to do with the realisation that actually this won't be a V shaped recovery but more a U shaped one.

Ignore him......

Just ignore him. I dont understand why you lot bother engaging.

same.

We can only hope Kerching.

Berni isn't the best time to buy when there is fear and uncertainty?