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Guys-the price of oil is largely irrelevant. The industry looks ahead of this. I would also add, the technical charts show this rise levelling off and then in a downward slope for a while from mid May although as I say, little point in focusing on the price of oil atm.
Armadale Capital-will multibag shortly if you are interested......make your money there and invest in the dips with Tullow and other companies.....
Skin in the company counts for a lot which is a good sign. A really good management team and one of those relatively few opportunities to be in relatively early. What impressed me today was the steady rise throughout the day which does not happen that often.
I try to get a sense of market sentiment ahead of this changing and my sense is this is they are going to take a more cautious view (at best). QE can only do so much in putting in a floor. I had in mind, rightly or wrongly, the days around the OPEC plus cuts being the best opportunity to exit (second best actually to the AGM day which I missed out on).
The realities it seems to me is the markets and fairly much everyone has been looking for progress on the virus front (lockdowns and so on easing). The economic fallout has not been fully factored in which in conjunction with the QE we have seen a recent market recovery. This is about to change and given what I understand I have changed my position. Not intended to be a de-ramp as Tullow has a good future I hope. Lots of little pieces of information adding to my belief. It could all just be confirmation bias but time will tell.
one day is irrelevant. In the next 8 weeks this will go well below 15p imo. Just reading the draft rules to ease the lockdown published in the FT in the past hour. Lots of red tape, lots of social distancing, drastic changes to working patterns. Oil demand will see a new normal and the V shape recovery will prove to be geometry exercise......need to think of a new shape. Any ideas of the new shape????
HeresHopin- whatever floats your boat.
Golfer59-that's the risk and as I have said previously something like that would put be great for all shareholders.
It's not a competition and we all all have different approaches to investment. Buffet saying he does not see anything as attractive at the moment is again just another opinion but he probably has not look at Tullow I guess. Otherwise he would buy the company I am sure.
We all have our approaches. With a share that has an uptrend with volatility it is hard to lose. I personally think we will be seeing a downtrend for a while and it is more difficult to come out in this situation on top on the short term. Mid to long term with a good share like this is a different matter.
I bought this share just before the OPEC plus decision in February at 32 with a relatively small amount and then bought in at 8, 10, 12, mid and high teens and at 25p. Average at around 17p and took the profit at 28p. I kicked myself for buying at 25p.
If this is still on an upward trend in the short term then I will have guessed this wrongly but that is why we all have our own approaches.
We all have our own approaches. Hard to predict although there is plenty of time to invest over the coming months. The way I look at this is to maximise return and 25p or thereabouts is not a good return in the short term. It might be in 6 months from now though.