RE: Tomorrow24 Nov 2020 20:42
Hiya Brainjar. Its an unchartered territory and no-one can give you advice. The reason is that oil companies like Shell and BP during the lows of the pandemic crisis were at a historic 25 year low. Tullow was at £2 last year but even before the pandemic the company posted a profit warning that sent the shares crashing to 1.30p and then fell to 60p and the Covid crisis happened. Now, here is the thing.... Can Tullow return to the share price of £2? I don´t have an answer but my guess is that this share will rise steadily over 2021. Its great having the daily share chat, will it be 40+, 50+ etc ? but long term, I have a great belief in this company and my humble opinion is that in the short term this share will smash 50p, £1 and £1.50 and your investment in this share could be a life changing event for you.