Member Info for Longish

..and keel hauled

stored oil will have to compete for shipping because of other commodities . marginal revenue = marginal cost and all that..

I'm waiting for 160 to sell some and buy a yacht. Buy the dips. Double up if it goes for double bottom

RD12, goodbye and goodluck

That 1.5m buy presumably being used to short. Return to 25 or 26p imo

Oil up 3.6% on australia open

Live price 31.89
https://www.ifcm.co.uk/market-data/commodities-prices/brent

$31.86 firming up
https://www.ifcm.co.uk/market-data/commodities-prices/brent

'You've lost a small fortune then.'

LoL no.

PAD004 well done.

I guess whats different this time is interest rates are (near) zero and risk is mispriced...
To buy £100 per annum in perpetuity when interest rates are 0.1% =£100k
The same when interest rates are 5.0% = £2k.
Look at interest rates in the middle east compared to the West. SA is selling oil hi to donald and low to Asia. Each region has its own unique economic footprint. TLWs strategy is well positioned to exploit the opportunities being squeezed out currently. Dotty needs an RNS to prove it is executing. Theres time on tlws side. Les has positioned us firmly on a financial glide path through the maelstrom.

Topped up another 16k at the end of play today...

'I will add another 53'
sorry, transposition error, I meant 35.

money now in...if they take it down to 18 I will add another 53

..added small amount..pocket money only lol

still to right size. They cut capex but not divs or significant opex.
TLW has already kitchen sinked 10 countries and prioritised focus areas leaving
70p net assets plus
70p disposals plus
£1.6bn kenya development cost recovery plus
Farmdowns plus
FIDs to follow opec and g20 gudance
$35 oil freecashflow underpinned by RBL.

All this for the bargain SP of 26p!!!
Bargain of a lifetime?

According to Bloomberg, Mexico have the mother of all put options on wall street protecting them from low oil prices and, up to now, considered a government secret. So its a demand side conversation with Mexico...US probably

Trump announcing reopening task force on tuesday...demand stepping up

30

23% of what? 100m bpd before the crisis. 70m bpd now or 23% in the context of a forward looking plan including assumptions about getting back to work and increasing demand?

Think that the sentiment will reflect in TLWs FID negotiations. Narrative will move to demand, getting back to work and typical FID is 2 or 3 years to production. So starting now...