RE: 50p?31 Jul 2020 09:31
onlyprofit
This company is heavily shorted like any other O&G company at the moment so don't expect a proper answer. However given that what this company has gone through before and now, it has a good potential provided the new management starts steering it properly. Vaccine is the only way out of covid19 in my view and economies have to stay open for countries to survive, there is absolutely no other way. Russia is about to approve a covid vaccine for public use and I'm sure others will follow quickly which will result a snowball effect for stocks like TLW forcing the SP to go up quickly. So to answer your question, £1+ is very much achievable depending on how they play it by the end of this year and the macro economy.
Please do your own research and in my view, current SP provides are opportunity to pick it up really cheap.
GL