Member Info for MaverickD

Just wanted to correct you:
Storage at 65% capacity. Brent will move up and down, but with cuts, natural decline, lack of investment and a consumption shock (waiting for this to kick in) oil will rally.

Specific to TLW we have 60% hedged at $57 for 2020 and 40% hedged at 52 for 2021. So lets use the average of say $54.5 for 50% hedged over the next 20 months.

Brent say $25 then add 54.5 divide by 2 gives you $39.75.

Our breakeven cost is $34/35.

We are are just fine.

Then you have to think of potential to sell $1B in assets and reduced capex and a third of the workforce being cut being other positives.

So buying at these levels seems a bargain to me.

1m buy

600k buy and 286k buy......watch this rebound

500k buy worked through

And off she goes back up after taking a few out - see it moving higher

Shake to fill those orders......MMs at their best

Now watch this head back up towards 12

Leave people to say what they want - hedges are in place and price this year and next are protected. RBL confirmed. I will buy on any weakness

MMs are simply clearing that. They have access to shares at 30p and that's what the weakness is based on.

Has been on my radar and now feel a move up is on the cards. Is £2 unrealistic - I don't think it is as there was a director buy at £1.64 about 4 weeks ago.

Buys flying in now - more buys after taking sells out 12p up next

And off she goes......

Should see this climb now.......buys seem to come in around now

Seems to be the same last few days, dips a little around 9-10 and then bounces back up around 11-12.

Germany easing its lockdown, China are ramping up again. We will see the cost of oil spike in my view as demand comes back strongly.

Fill your boots at this level higher lows and higher highs. I can see the price of oil rebounding strongly, cuts, natural decline, underinvestment and nations re-opening for business. Perfect storm brewing.

Gap filled

This was my concern that not all the Rights would be taken up, which now means there 24m shares sitting around to be placed and the MMs eill be fed these.

Looks like a higher high on Monday - gla

I think we will gap up come Monday for sure and head higher before the agm