Member Info for MaverickD

Firming up again

I think sells and MMs will attempt to take this down again - closely watching

the worry is that we will see this walked down to fill the orders now......

Appears to be targeted - looks like some significant buys being worked

I hope some did not get spiked.....it will go up but the MMs are playing this

Covid-19 not imapcting services, at present
Recovery Services not required/ reduced, due to stay at home advice
Staff furloughed, so wages covered to an extent
Low petrol prices better for the bottom line
BKIR support
Admiral Contract
Uber Contract

The potential for this to bag is there and yesterday saw some exceptional volume. Expecting a short squeeze.

I don't think anyone can say Corona is over, however the cases are levelling off. You will see AA turn and I think it started yesterday with the buying volume significantly increasing. Par value is around 60-70p, therefore a move towards 35-40p is easily possible.

I think this could go higher 2.7-2.8

Sold out now as the rise this last hour too steep - expect profit taking as the gap filled.
Will keep an eye now at cash. Bought so many tranches and will do again in the future.

Also a new tax year - investors and funds loading up again.
I managed to add again yesterday as it was a bargain.
Now have so much I think I should make a decent return!

With a lot of the nonesense that has been spouted on this board you can see the disparity of the sp and it has plenty in the tank to weather the storm.

US to work with Saudi get the SP back above 40 and you will see this climb to 50p no worries.

Personally I see an offer being tabled soon....

RBL approved by the banks and 1 billion of disposals re-affirmed. Buyer in the background too. All ingredients for a shot in the arm in the SP.

Can see that there is no smoke without fire, multiple weeks of speculation - hopefully see a disposal next week. Banks to agree RBL redetermination at the end of the month and then watch the SP make a significant move up.

Tullow hedged well until next year.
Rumours floating around that world leaders to approach OPEC to play ball - not sure what will happen with Russia though

It is when people talk like that it is the perfect time to buy.
Who buys and looks at the screen all the time - traders!
Investors select a basket of stocks invest and then leave it.
There is no immediate threat to the business - just some people would like you to think there was a problem

Yet Morgan Stanley and JPMorgan adding?
Look at the bigger picture.
Assets are around $8Bil
Debts $2.8B
Mkt Cap £130m, which is less than the cash balance

To bid for increased % in fields........lets see if this materialises.

Expecting an opportunist offer to come in - watch this space

Expecting JP Morgan and Morgan Stanley to hit the buys........

Buys orderd will be triggered