Peter brown you have my sympathy but you never put your life savings in one stock. Massive gamble if it comes off but devastating if it don’t. This company now is in my opinion dirt cheap and I think the price of oil will recover quickly if covid is gone. If I was you I would spend time researching shares you invest in rather than focusing on your losers.
Imagine it does not and this is the start of a really bad recession with mass unemployment and loan defaults. They have a major refinance next year and will the bond markets be willing to renew their facility. I am watching with interest
How hard will the recession be in EM23 Apr 2020 18:17
I may buy in later but feel they will be hit hard by people unable to pay. A worthy company but alas as an investment it is a bit of a gamble as the equity will be the first to be lost and there is nothing I know of similar.
Too many shares sold by owners are being dumped at any price07 Feb 2020 19:31
There may be something dodgy with this company but biggest problem is the shares sold to pay debts at £12.50 which have been dumped causing other over leveraged share holders to dump which Is leads to other share holders to sell because the price is falling. I