RE: This doesn't go up when oil does. Imagine what happens when oil drops again!6 May 2020 14:08
TLW was higher when WTI was minus $40 than on the previous dip to $20 so don't assume TLW or any of the other oil shares will drop much even if oil declines into the next contract roll. Nothing wrong with taking a bit of cash off the table, but with economies opening back up as lockdowns are lifted don't expect the drop into control roll to be anything like last month. The bottom is already in for oil stocks IMO. I see VW is already reporting surprisingly good sales in China again .