Convb you can sell out whenever you like but the market priced Tullow to fail, the RNS last week proved that not to be the case and now the market will balance the SP back to fair value. Why de-ramp a stock you are underwater in ? Makes no sense just says to me you have missed the buying opportunities
Weekness on that update ! That actually sends a very strong message to the market basically saying we can handle this low oil price period with ease ! I’ve been here years and never read a more positive RNS
If none of the major producers didn’t want to cut we wouldn’t even have a meeting, they all want a balanced market so a deal will be done 100% Brent back in the Mid 40’s end of the month, back to $60 Q4
I bet you are furious gkb ! Did you jump off the train while it was still moving, realised losses always sting badly when your stood on the platform watching the train disappearing into the distance. Been there and it’s not nice. Reality hits home then the bitterness takes over. Bad luck mate, shhit happens sometimes. Keep on deramping
I disagree Chilt, We are losing production rates across the globe, oil companies have cut Capex massively, funding is almost impossible and most fields are in decline. 2021 we are going to see oil spike towards $100 again.