RE: How16 Mar 2020 12:13
Heres my plan. Oil can drop further but whenever i have been in oil shares i have noticed the price forecasts oil staying at these prices forever. I doubt that will happen, i think it will boost back up to 40 dollars in the next month or two. Just my opinion. Saudi and russia arent going to back down in a few weeks to boost oil further otherwise they will look stupid and weak. Tullow still has all the assets in the ground, yes the debt is a concern which makes it risky but to me the upside massively outweighs the risk. Corona virus will hopefully be under control in a few months (everywhere)... you have so many positives to boost this price, assets/selling some assets, corona virus recovery, oil price recovery, potential take over, new ceo?? Which i think will come first. I am holding for gold. They have oil hedged for quite a while so its worth holding for 6months. All my opinion, i dont post much as im always busy but today i have a bit of spare time to read all your comments. Im with BT faith on this one.