Member Info for Phoebus

Also, buying at this leve a good % of the market cap is covered by cash.

TLW also looking to farm down exploration assets. I bet we can guess which one and don't expect we'll have to wait long. Should light a rocket under this.

Very good. Market cap only £19M.

Brent and oil stocks also look to be starting a major turnaround. Looks like time to back up the truck. GLA

Agreed. Feels like time to add, perhaps in a substantial way. GLA

So all the other oil stocks that have boomed today will also be dumping on TLW's RNS in the morning then.

Branson is definitely in a pickle.

6-8 weeks. Exactly. Highly likley US lockdown will be over by then and speculators will take sector higher in anticipation.

However the producers failed to really sell off as WTI and Brent collapsed the last few days yet are rising nicely as crude recovers. Suggests they are wanting to rise from here.

Even BP is up 6% today.

A few of the much more illiquid junior oil producers are also starting to move back up today, which is a good sign we may indeed be turning the corner - PTAL, JSE, KOS.

LOL

Smeone with DMA (direct market access) perhaps? Filling a bigger order?

They were probably miffed at missing the 10p buy in. These kind of selloffs don't usually go down as far the second time.

Thanks Spope. So not a total loss, but I fail to see how that was triggered.

Talk of reopening the economy and Trump's Big Oil bailout [ahem] government rescue package should help guide price higher from here.

All I will say is that in previous huge dips over the past few years the price movements have made it very hard to get in at the bottom and it's probably better to use longer term charts to judge an entry point rather than try to finesse it too much otherwise you will likely get whipsawed out. Today looks like the first up day from the secondary bottom for a lot of oil producers so I opened a few positions. Hopefully I have the cajones too hold over the gaps and retracements over the next few days to higher prices on the other side. GLA

My timing has also been horrendous the last 2-3 weeks. Doesn't help being an investor rather than a trader, but still the financial markets are a bit crackers at the moment.

Exactly market should start to price in lockdown end. Buy on the dips.

TLW, PMO, ENQ and PHAR today.