Member Info for oiluser

It will all be ok, needs time though. Probably see moves in days or weeks to correct pricing.

Happy birthday Jaffjoon

Sarah, so hurtful to fellow human being. And a loss is only a loss if you sell. Definitely not 30% down either way boy.

£5 is generous, I'm shooting for lower.

https://sputniknews.com/business/202004151078959999-international-energy-agency-expects-record-plunge-of-global-oil-supply-in-may/

That's me topped up, average 17.8p. Not much difference but this will turn on a penny when news hits.

Some found it funny, others like myself found it stupid.
"No demand for oil, so consumption went from 100mbod to 0mbod."

That's what people laughed at, me also as I'm still utilizing oil.

Caitlin thinks herself a licensed financial adviser on here, should really be reported as that is against the rules here and illegal also.

WHO dropped the ball, but one should consider why an independent outfit was the only protection for the US from biological/viral outbreak or attack. Trump can blame whom he wants but he dismantled the team put in place in Whitehouse exactly for this purpose.

Always someone else's fault with trump, yet many Americans still swallow his bs

I'm waiting for top up

What was the UT anyone?

What's Varde up to? They were initially in beginning March at 2.5% and dropped short a few times before it started rising again to 2.5% and on 9th added some more. I think they must be buying (debts). Anyone know much about Varde

PMO was the same in 2016/2017. TLW not much better. Hedges are decent protection. SA will get shafted by DT soon enough. More lockdown easing being announced, chech rep now. So Poland, Spain, Germany, all looking to get things going. China opening up.

Zorro, try not panicking too much. TLW is a recovery play and hence it's high risk and subject to big swings on oilprice and other news whether positive or negative.

Maybe trump is being taken for a ride by OPEC and others, maybe oil will turn. Basically I think that the US needs to cut significant production and will but not tonight, over time but severely enough to see an impact on prices.

Exxon today borrowed 9billion to keep it liquid during coming months.

TLW has the same hedges in place that will see this through choppy waters, so you need to chill.

If you can afford it, Ie not spending the family silver consider averaging down.

I'm waiting to see, if this gets back to teens i will buy more and get my average down. And then wait it out because it's about timing and sector recovery after that.

If your so worried about investment you shouldn't have put money in high risk recovery play

Oh dear, down down down we go, the bottom no nobody knows

Not really, varde increasing but they are hedging something. Bonds maybe. The others are reducing.

Surely it depends on caliber of appointee, if indeed they are going outside. Secondly I couldn't see more than 10p for new CEO and if not accompanied by rise in poo then that would quickly disappear in the sand too.

I think you should check your points re 1 billion banked lest you find yourself disappointed

I think you should check your points re 1 billion banked lest you find yourself disappointed

I dont expect it will go low enough for me to average down but hereshopin