PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Hmmm lets see. UK government doubling down on its covid restrictions and talk of curfews, second waves etc. And with cases rising predominantly amongst young people, the same demographic that overwhelmingly makes up cinema audiences too.
You are just not logical thinkers. It must be so hard for you to invest without that basic skill.
My view would be 10% down today.
You guys do make me laugh. It was around 30p only a month ago, but now is a good time to average out? That's hilarious!
"No Time To Die and Black Widow in November"
Feminised James bond, and a cape film with a boring minor character from the other films as lead. They will both be huge flops. No one is looking forward to either of these films.
Mulan is a boring rubbish film, who is the audience exactly? Young girls who like sword play? Parents who like their girls to pretend to be men to fight in a war? I wouldn't focus too much on the release medium as to why a bad film did badly or pretend that had it been in the cinema it would have done amazingly.
Why 50p? The 52 week high for this share is 251p. Its actually the most depressed share in my covid hit list, down 93.62% from its high!
Probably the same thing that made tesla go back up, absolutely nothing. Nothing has changed to be better, in fact things look worse with the UK extending restrictions and in my view getting ready for lockdown mark 2 in the autumn.
Yurk, good to see finally someone saying something intelligent here.
This is a risky investment, and it might turn out a good gamble. But that is what it is , a gamble. Some people might take the view, that the only oil companies worth investing in are the big boys like BP and Shell as they have the capital to get them through the changes from covid, working from home etc.
Did you guys watch the presentation? There were a few huge red flags in there, for instance "Significant head count reduction".
But they will be 5% to 10% cheaper tomorrow Mav?
"Me Too Tony, I've added 4M shares here today, His grasp of the potential is unreal"
4M? Yeah definitely totally unreal. Thats what £680,000 ?
"Tullow Oil has written off $800 million of its explorations costs in Kenya, and Uganda due to a lower oil price forecast and a reduction in reserves." Huge mistake.
BUST - Selling assets to keep afloat is not good news. Oh and part of the write off due to exploration was money wasted on Uganda, so take that off the 500 million.
P.S. if you read my posts on Cine, you would have seen how I was saying it would fall significantly today due to new covid restrictions. Am I right or wrong?
@HeresHopin I'm happy to discuss any reasoned positive theories on any share prices. But not so keen on brainless wishful thinking with zero reason behind any decisions.
If you say, it will go up up up to the moon. And I say, but demand is down due to covid. Does that make me negative or realistic?
I wish. Nearer death than school age sadly. But perhaps focus your attention on the share and markets, than on childish insults? They don't effect me and just waste you time.
A reality check would do you good Superspecs, perhaps read this!
https://oilprice.com/Energy/Energy-General/Oil-Markets-Get-A-Major-Reality-Check-As-Demand-Sours.html
@HeresHopin No and no.
"Fortune favours the bold" It does, but not always the foolhardy.
Wishful thinking is not a strategy for investing money. Instead try and imagine what the change in our society, from working from home to no flights etc etc, will do to demand for oil and the companies you are investing in.
But when you are a business that makes 100 million, how do you end up writing off 13x that figure? That's insane. 941 million of the figure were written off exploration costs.