Member Info for mysteryguy

Rd opec are yet to officially announce to the market.

Also Rd the market was close Friday least here in UK

No the rumour and risk of a no deal is why people sold on Thursday nothing to do with the prospective cuts in talk.

No mate still alot of uncertainty once opec officially confirm the deal we will have that cote of confidence and the market will react.

No way would all the member states go through 4 days of talks only to not cut enough and see oil price decline.

Soon as OPEC officially announce the deal expect both WTI and Brent to rise.

Doesn't take a genius to realise that the biggest oil cut in history against all member states is a good thing for oil price.

Remember USA need oil above a certain price definatly not in the sub €30 to produce oil as fracking isnt cheap. And Russia need Brent above $40 to be in profit and not dip into there sovereign wealth fund.

A good day and positive for Tuesdays opening.

Sorry to the derampers who sold out quick but honestly give it a rest. Stop trying to flog a dead horse.

There is too much on the line for the deal to fully collapse it's a clash of egos at the moment but Trump playing ball is enough to get this through. USA owns that excuse of a country SA.

While a secure deal may not but a jump in oil prices (although short term i see $40) it will at best provide stability in the malrket and set the president for oil to rise one covid19 fades out.

I am keeping hold of my shares and have full confidence.

So when did you sell out then?

This is one persons opinion not to be taken as gospel. I have read several articles written by so-called experts that have been wrong, you don't always know the writers' agenda. Just like all the so-called experts here.

Opec agree to Trump's agreement with Mexico. Oil market stabilized. TLW will rise. Simple.

Shpunken - pressuming you have sold and are hoping for a dip?

Baz28 - alot of people here have sold prior to the opec and g20 summit meeting and are hoping for a dip on Tuesday (some suggesting Monday) shows the idiocracy.

The only spanner in the works with the outcome is Mexico refusing to cut 400.000bpd and instead opting for 100.000 but bizzarly enough the USA have agreed to cut 350.000bpd to help them.
Mexico are the 13th largest oil producer so this has a very small impact on the market here, more significant is Saudi amd Russia both agreeing to cut production by 23% and reaching an agreement and all the other members on the summit today also agreeing. This is the biggest cut in history and overall is a good result.
Excess oil tankers being filled is one slight worry but overall today is a good result.

Tullow oil is at a record low share price only 18th March has it ever been lower then now in all its 20 years on the Market.
With stability in the oil sector, new ceo announcement due and 1billion pound sale this will rise.

Personally i see 30s 40s next week and following 2-4weeks with a positive RND 40s, 50's.

Best of luck and ignore the bitter derampers.

See you all on Tuesday in the 30's

Based on TLW being massively undervalued currently?

Security and compliance surrounding global oil production cuts?
Rise in both Brent and Crude oil?
Imminent announcement of new ceo?
African assets being sold?

Take your pick bud.

Once the pandemic surrounding covid 19 clears up and the oil market is stabilized through the OPec meeting yesterday and the G20 summit today. Sentiment will start building around this company on the prospect of drilling and this will increase the share price.

Any announcement or development on a farm out deal will also see an increase.

This is an easy opportunity to double triple very soon and those looking to hold out longer who knows 20p??

The fact they are fully funded is what secures my investment and faith here.

Seems like alot of people sold out and are hoping for a dip on Tuesday. Whilst a dip may be possible (who knows) ultimately this share price is only going upwards.

Russia and Saudi already agreed to cut 23% of oil
If the other members can come close to matching we are in a good position. With Brent and Crude increasing.

Mexico have little influence in this they are the 13th largest oil producers lol.

Guys can we please drop this mexico about to **** it all up post. It's ridiculous.

I think a slight spike towards the end finishing on 28p
Next week further rises into the 40s by end of the week.

This will be long term.....

Out come 5 for me

https://www.google.com/amp/s/oilprice.com/Energy/Crude-Oil/Saudi-Arabia-Sends-Wave-Of-Supertankers-To-US-Ahead-Of-Oil-Meeting.amp.html

• 1) NO OPEC+ DEAL (5%): Russia and Saudi talks will break down – Brent could be pushed lower to ~USD 20/bbl

• 2) NO US DEAL (20%): If the US refuses to partake, Russia and Saudi will also ditch talks – Brent could be pushed lower to ~USD 20/bbl

• 3) A “LARGE” DEAL (20%): around 15mln BPD cut from current levels supported by OPEC+, US and other producers for at least three months with possible extension – Brent could rise to around USD 35-40/bbl.

• 4) A “SMALL” DEAL (35%): Immediate OPEC+ cuts of 12-13mln BPD; US offers mild reductions in Gulf of Mexico and Shale output and the purchase of oil for the Strategic Petroleum Reserve (SPR) – Brent could see USD 30-35/bbl.

• 5) AN “EVEN SMALLER” DEAL (20%): US relies on natural output reductions and offers to purchase around 0.8-1.0mln BPD for the SPR. Brent could meander below USD 30/bbl with scope for a rise to ~USD 35/bbl should US production markedly decline naturally.

TARIFFS:

US President Trump on the weekend said he was considering slapping tariffs on oil imports, or even take other such measures, to protect the US energy sector from falling oil prices. For reference, the US imports of petroleum were around 9.1mln BPD in 2019, of which Saudi and Russian imports were just over 500k each.

Prospect - aren't they doing the drill in October regardless? Assuming covid19 stabilizes