Member Info for PAD004

Buy tomorrow...yeh....

Commentators predicting the number if airliners will reduce from around 800 to 200 by late June. No wonder Buffett sold out before the storm. Suspect it will not be so drastic but even so that's a lot less oil needed.

Not sure regarding airliners but that was totally foreseeable and I am not clear why Buffett did not exit the 4 US airliners before now. The FANG stocks have up until recently been holding up the S&P. Tech is strong at the moment.....

With a fair degree of confidence given the current situation this will not be a good week for the markets. Government interventions can only take the markets so far. What matters now is economic data and whether sentiment is moving to a more cautious note. Any second waves / issues with the virus as with India atm will negatively impact on the markets significantly. Not even sure the FTSE will rebound tomorrow, whereas Friday I suspected it would.

Holding pattern or downward pressure on Tullow over the coming week imo.

SKA stock exchange down 7%+ today.....

I dont see an issue with debt and the future for tullow so far is looking good. The issue is the wider markets because they have the potential to drag down most shares. That said, Brent should continue to look healthy until mid May. That's my dilemma and why I am uncertain about whether this is heading north or not this week.

Krakenoil-quite right. Buffett was backing up the US government when he also said never bet against America. He also said “We haven't seen anything attractive”....front page of the Financial Times this morning. Like I say, it will be interesting to see how the markets react. My take, it was fairly balanced although who knows with the markets who may hand onto the 'nothing worth buying' sentiment.

There are 210 comments by readers to this article and most are downbeat with a gradual retracing perhaps one theme.

It will be interesting to see how the markets react to Buffett's speech at the annual meeting yesterday in which he implied nothing is worth buying at the moment. Will the markets interpret this as the markets are overvalued?

mysteryguy-you are implying this will not fall below 25 in the near future. These are volatile times. Wait and see. This is not a de-ramp by the way. Just look at the past weeks to see what can happen. Before the AGM this went from 26 just after the OPEC plus decision down to just over 15 before more than doubling. That is volatility for you. Could well rise in the near term but nothing is a sure thing atm.

Very useful as ever slift. If this is going up this week it will likely hit 23 before doing so.....that's my contribution. The risk is with the wider markets so I am keeping a close eye on those also because it might carry on below 23. This is unlikely imo unless there is a further collapse in the markets.

Unprecedented times. As I have said could go up next week but perhaps not. I will stick to the 'sell in may' doctrine.

HeresHopin-messi was making the point shared by me that the markets are a key variable here. I have bene open and said I sold out first thing Thursday morning. Why? Because yes this might rise a little in the near term (or may not) but without significant news (RNS) this will fall below 25 and by quite a margin imo. This is fairly certain in the short term (next 8 weeks). I may dabble in the bottoms if there is a drop but the bulk of my funds will not be going into Tullow for some time.

One final point.....nobody knows as we are in unprecedented times, hence the volatility. This is not talking down the share as I have great faith in Tullow and there is a fair chance this could rise again over the next 10 days or so. There will be volatility and we all know this. Not an issue if you are holding for the long term!!!!

there and not their before anyone notes this....

There is a correction needed and I agree with that Bully1985. Some economists would not and would cite the massive sums of liquidity pumped into the markets. I can see the logic with that although when the disconnect between company earnings, stopping dividends etc is taken into consideration by the markets, they will have their wake up call. All in my opinion of course and I am sure there will be a range of views on this as their is by economists.

I agree. All markets will be hit hard over the coming month.

I agree with BTFATH1. Next week could be okay as oil is on the up and relatively well insulated from the markets next week. Long term this is a really good share although I would not be surprised if this does go down significantly before the new boss joins.

S&P down 3% so far today. Recover into Monday and then I hope I am wrong but then the sell off. Oil relatively well insulated though over the coming week imo.

Baz28-it's too early to say where this will be. Many things could happen although the time for a little caution is not a bad thing and being liquid.

ShrewdDude67-there is time still to make money. My exit strategy was first thing yesterday across my shares. The real money does not follow these boards so I am saying this to those that may be receptive to listen. I am of the view the recovery earlier in the year was a dead cat bounce and this will unfold in the not too distant future. The question is whether we go below the recent lows in the market. My instinct says yes but the markets and nobody knows for sure!

Spurs312-I agree. I will sit on the sidelines for at least a couple of weeks. This is for alll shares. Personally, I will not enter in the 20s and make of that what you may.