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But at least you've confirmed that you're sitting on a loss...
Oh what a shock! As if I didn't confimed it already before! It makes such a difference to you and your investment decisions... get a life
Yes, I am sitting at a paper loss and I wouldn't sell like you did if even if I were up. You are an amateur. You don't even have confidence in your own analysis. "I am up, hahaha I tricked the system - I don't have any confidence in my analysis - so I will sell now even though it's selling below the liquidation value because profit is profit". Pffftt
With Obama in between terms the white house. Some people would argue that US presidents don't have much power on the oil price but if you place a ban in fracking, cancel the XL keystone pipeline, increase regulations, increase taxes and reduce tax incentives, you kind of hurt oil production which creates scarcity which in turn raises oil prices.
I don't know what kind of memory you have but I have never "been out" of Tullow Oil. I am not a daytrader. When I buy an undervalued share I hope to hold it until: 1) it's value it's fully reflected in the share price (no point on holding an overvalued share) or 2) forever. Right now is still quite undervalued.
I would have never ever sold when it was at 10p or 30p I would rather have seen my holding go bankrupt if it ever came to that. I mean I didn't think at that time it would go bankrupt or that it was necessary to sell Uganda at any price.
antonvb you are totally clueless. Do you pay any attention to what you read? At all? You don't even know what you're talking about. You are totally lost, you are totally clueless and you are making **** up. It's disingenous and dumb.
Unless I see a huge surge in the share price that goes above and beyond any reasonable valuation.
I am in no hurry to sell. Debt is low and I like the fundamentals. I have no reason to daytrade or sell the stock. You are not going to change my mind. I am happy to sit on my holdings, wish I had been able to capitalize on the dip, but I am not selling. And you are certainly not going to talk me into selling. No way.
Opex is low and oil prices have much higher potential upside.
We have held the most profictable and the core producing assets.
It's a shame the price at which Uganda assets have been sold (it doesdn't make sense to get rid of mediocre assets and hold the good ones if the price at which you sell the bad assets it's low) but even if opex would have been higher in Uganda we should still have gotten a better price.
Shorting stocks has unlimited downside!
Shorting is not investing, is speculation.
Even some of the smartest and most sucessful speculators through have eventually gone bankrupt.
And fundamentals change over time, invesments need to be monitored, unless you are the great genius Slift.
Lmao that's why you also traded Petrofac. You buy and you own such wonderful businesses that are only good to you for 3 minutes or a week.
Carl Icahn holding stocks for more than 30+ years is an amateur compared to you!!!!
Keep that daytrading habits up, buddy, you're a boy, make a big noise, playing in the street, gonna be a big man someday.
"Doesn't matter what price I buy for as long as I make a profit right?"
"Buying the wright brothers shares at 8$ is totally the same as buying it at 200$." - the essence of dumb speculation. You got lucky with Tullow, how is your investment at Petrofac doing oh great big brainy genius?
Is pro-ESG and anti-pollution and pro-climate when oil is at an historic low, when oil companies start trading at historic highs Black Rock, Fidelity, ... will be pouring vasts sums of money to try to get in.
The time to buy is when everyone else is ditching the shares, not when everyone is fighting with tooth and nails to buy them.
"Doesn't matter what price I buy for as long as I make a profit right?"
False!
If you don't feel comfortable owning a business that is trading at a 50% dicount of what you paid for then you probably shouldn't be owning stocks. If you can't stand the heat, quit.