Member Info for Longish

You got to miss it a few times before you build strategies around risk aversion imo

says reduction of 10m bpd is possible...according to doomberg just now

'I am going to wash the dog for 15 minutes'
well that's the dog washed. Still got all my stock...was tempted to top slice but that RNS is good

..oil pushing up
https://www.ifcmarkets.com/en/market-data/commodities-prices/oil

..only needs news on a FID, which, by the way, may also be supporting the RBL

Yesterday scared to buy
Today scared to sell
I am going to wash the dog for 15 minutes

'Demand very high'
in the midst of a liquidity crisis and TLW now a safe harbour with tremendous upside...demand should be high!

'she's going beserk'
LoL

https://www.ifcmarkets.com/en/market-data/commodities-prices/oil

on the up again

Last day of trading this tax year. Could jump monday, 1st day of next tax year? Flip a coin...

Pheew! Hope Aviva and L&G follow suit. Regulator being used for political purposes imo

might be one of the big shorts closing and probably made £x+ on the way down...

LoL you mean pump it back down as it comes from Russia and SA. TLW was already doing that with gas when Dotty stepped in.

'free up storage for cheap oil'
Good point. Where production was revised down (kitchen sinked) you might imagine that capacity could be commercially exploited to enhance the financial performance?

'9m is good, but 15 would be perfect...'
anything improving sentiment is worth 10 to 20% on the SP. Demand is down c.25m per day so 9 or 15m stretches out storage several months. Is this time enough for CV to go away and bau business to return?

'the buyer would go elsewhere'
I dont think that is right. TLW would sell at the lower price and collect the difference on the hedge from the institution who went long on the oil price ie if the hedge was $55, they hoped it would be $80. While TLW revenue is protected, a financial institution who provided the hedge is hurting unless they hedged...

Another good day in TLW. Dont need to trade this anymore imo. LoL, I thought I was I getting a bargain of a lifetime getting in under £2..

Undervalued.

Apparently we are the problem. They fail to highlight they are printing money to pay for central bank salaries and pensions