RE: Tullow is in a very strong position19 May 2021 15:17
Stuart,
How does Scorched Earth Policy and genocide come into TLW. Of course shorters want the price to go as low as possible or bust, in the same way LTHs want the opposite. Rightly or wrongly shorting is permitted in the UK, and I expect TLW to be shorted for sometime yet.
Some have mentioned about favourable hedging conditions, but the last thing LTHs want is to be relying on guaranteed floor prices in a slumping market.