Member Info for Longish

'No opening SP predictions tonight??'
Brent closed slightly up so opening SP flat?

looking a bit better...$38.35
https://m.investing.com/commodities/brent-oil

'Whats pointy teeth got to do with it?'
LoL.
The WTO and GATTS signatories ensure their regulatory and authorization practices comply with WTO trade rules so that trade agreements can be agreed on a common framework. If the only thing you got to trade is oil (SA), how do you agree technology services for amazon, netflix, google, apple...
IMO they use technology to rationalise global and domestic policies...work from home digital technologies for example...

'supply legacy due to green energy'

Alot of different interests being negotiated. SA needs $80 oil to balance its budget, bahrain even higher...US are using fangs to rationalise the value exchange between countries and currently weakening the $. EU (eg ireland) is raising taxes on fangs as a fiscal method to monetise QE ... So different countries have different authorisation regimes making up policies supporting the liberalisation of global trade. In the same way india still has dependency on coal and the UK doesnt, Africa and South America will still have dependency on oil and TLW is repositioned to supply it.

'And don't tell me most investors on here are in for the long haul. I absolutely don't believe people would post here on a daily basis if they didn't intend to sell for at least 12 months.'

Thats misleading. I have been buying and selling since 160 and always looking to accumulate at lowest average cost.

LoL, dont forget our kenya rns get out of jail free card

Cant believe it will revert to march april lows. Weekly candles still optimistic :-)
https://m.uk.investing.com/commodities/brent-oil

US finish flat on the day?
https://www.federalreserve.gov/newsevents.htm

Chevron say they will exit the year same level as when they entered. Shale can be taken down and up in weeks as with storms etc. Long term capex is a different matter but they are not forcasting that problem

See what impact powell FED has on US 18.30 gmt

Kenya rns would put us in the 40's at anytime. But assuming that's H2, Q2 reporting on target and maintaining guidance should lift us and shorts close

again. Maybe should have held off for 26 or 29p whatever the BB has been saying but if it does, then its followed by 45p imo.
If tlw keeps ticking the 'recovery/trust' boxes this will be my best investment and drawdown income for a few years. Long time dead whatever LoL

'they sold high to buy back their old shorts low'
Short squeeze building?

$41.76
https://www.investing.com/commodities/brent-oil

The problem BP is trying to solve with 15% headcount reduction is the one TLW has already actioned. With oil over $35 freecashflow breakeven and revenues hedged, the next milestone is q2 performance and maintaining guidance (july reporting).
US want $45 oil and jobs

'or maybe shorts are confident with their position? Any thoughts?'
Think they are mostly hedging debt. A bit like tlw hedges revenue. It costs to buy the hedge. You might not call it though so different behaviour. Uganda and Kenya cash will move the hedges imo

anybody changed their minds about the closing price today?

Monday close 34.9p

'It's one part showing how you are GOING to reduce debt and it all looks lovely in their presentation'
..and they did. They sold uganda. Rebased for free cashflow at $35 oil. New ceo to run it. Kenya cooking etc

Don't think all the extension was priced in Friday and SA will publish their july prices today including possibly raising prices to Asia c$3+ pb. $ still weakening.
ECB, FED, central bank stimulus also continue to lift markets this week+.
So any pullback is just profit taking and the tide will lift all ships for a while yet...imo