Member Info for PANG

Nice day for SP but it really does not like 55+

Thanks

Would people agree we have broken into a new higher range. Can any chartists see what that range is
Thanks

I am a LTH at circa mid 5 figure holding, however Two articles worth a read
https://uk.finance.yahoo.com/news/tullow-oil-expects-500-million-070612907.html,
From this it seems 66% of 2021 BPD are hedged at circa $48
And
https://uk.finance.yahoo.com/news/oil-majors-given-french-guiana-000000413.html
From this Suriname is not a golden ticket

I hold in hold in the mid 1000s of TLW , so want it to rise
According to Reuters,
https://uk.finance.yahoo.com/news/tullow-oil-expects-500-million-070612907.html,

TLW has hedged 40,000 BOD of 2021 supply at $48. By my maths that means to average $50 the base price of the remainder (say 63000 BPD) must be $53.50. The $53.50 will drop as the BPD go over 63000

.Also an article on Suriname worth keepong in mindF YI

https://uk.finance.yahoo.com/news/oil-majors-given-french-guiana-000000413.html

Seems there is some talk that Flybe will not return to business, Some dispute about who owns the landing slots has put the re financing in doubt.

All seems pie in the sky today,
if Suriname a hit then ????,
if 330 million paid off then ???????,
if oil goes to $70 then ?????

Any facts out there today

Thanks, informative

Yes, Thanks. Taxes the curse of our lives .If valuation increased then taxes increase.

it may sound a silly question excuse my ignorance, when BP did a write down of there book value because of low oil prices what value for oil did they use. Will this oil price rise now cause a "write Up" in valuation at the next results. If so what could happen to share price.

Which Easter

I do not thing BOI is interested in Ulster Business, look at what capital reserves would have to rise by, I believe AIB is only interested because its major Shareholder, government Circa 70%, told them to do it.

Looking forward to 3.30, have been a LTH for about 10 years, having re invested heavy during the £2 to £2.50 range have brought my average down to £3.30. BP previously has always been proof of the magic of Compound average, I always take shares instead of dividend. I cannot understand present price, Oil consumption is not going to vanish for a long time yet.

I was not aware of the day to day procedures, thanks for clarification. I suppose i should do a bit more research, but as this has been part of my short term folio I have left research slip.

Really does not want to go their.

At what price level does TLW or other Oil companies see it as an insurance play to sell options.

What’s happening in New York, DOW down 650 points

Agree, all companies that have implemented cost savings during Covid. will benefit if and well they return to normal trading.
Trick is of course to pick such companies.

Nice to see this rise, big volumes on the move.

Seems to be very busy doing nothing,

https://www.youtube.com/watch?v=1QxvPXK3Gv4