Member Info for SBB1

Shorters need 140m shares.
For them to get that much they need 10 times that in volume!
60s looks a good place to me !
Might take a while but the shorters are fooked here
925 million dollars cash 725 million pounds equals 50p per share in cash
With current mkt cap of 280m
Hahahaha

Can someone share that rns on Twitter

With the hash tag #TLW

U.S. OIL RIGS fell another -66 to 438 last week, the fastest decline since Mar 2015, and are now down by -245 (-36%) over the last five weeks: https://t.co/wJUP3U2Kwy

Looks like we have a pest problem.
Rats living on this board all weekend lol.

Yeah we believe you boys,
you might be able to trick the weak who dont have a scooby doo

It's all very simple, trump, Putin and rag head need oil back above 40$ asap or they are bang in trouble, in fact the whole world

So why are the good hearted pests here.

1. Looking for re-entry of cheap shares.
2. Closing there short.
3. Scaring out leverage holders

This will rise towards Thursdays no if or buts about it, if Mr market like update we might just pop into the 30s. Depending on what market mafia decides.

Pmo has a lot less cash and headroom than TLW

PMO mkt cap 185m
Tlw mkt cap 235m

Tlw has more cash, more headroom better assets and lower breakeven

Tlw all day long for me!
Pmo cash 135m
Headroom 350m ?
Tlw cash 300m ?
Head room 700 or 1 billion ?

Is far too low at 235m.

In 2016 the market cap fell to 1.1 billion

2016 debt was 4.8b
2020 debt 2.8b

The fall back from 29p was always gonna happen, people were always gonna bank profits.

I banked profits at 26p and started rebuilding yesterday.
We should attack 29p in coming weeks, then land a ceo and pops into 30s.
Asset deal and that could possibly add up to 40p to the share price, market mafia might just add 20 pence but I see this sitting in the 50s then.

At current mkt cap we are a sitting duck for sammy, total or cnooc. Range 40p -70p

Mr 12.99% will be buying for sure to bring his average down.

Anyone that sold in the 20s are definitely looking for re-entry as it's cheap as chips.
5 bagger to 1 pound from these levels

Patience will be rewarded, short term pain for long term gain.

Anyone with different agenda to you just filter them as always best way.

The ramp fest is over.
But we now have 1 poster on a total deramp fest lol, he is posting as much as ten posters lol wtf.

Well done banker, I thinking it's a stonking buy in the 17s

Brent was 31.80@16.30 on Thursday when we closed

UK lockdown extended to 7th may.
France lockdown extended to 11th may.
Not good for oil consumption

The best post on here at 14.07pm

So opec cut 9.7m bpd for may and june and then drop that to 8m in July.

Utter jokers. Chaps

I've had a fantastic 72 hours on here talking bull ****. I've now opened my porn corn to watch brent

Maybe this down turn is much bigger than 2008/2009 wow

No wonder cuts are for 24 months!

Interesting to see links for demand untill end of the year people....

Let's talk demand chaps

JP Morgan Now Sees 40% Plunge In GDP, Unemployment Surge To 20% https://t.co/FDN7RQml1E

Welcome back Laidback!

The most important question
How does the cuts compare with the demand fall?

Any links on future expected demand ?
Or links to past demand in oil

Well that's how long they think this world economy crash will last.
17 million people
Demand for oil will not recover as quickly as people think.
10% of American workforce signed up to jobseekers allowance or something similar over last 3 weeks

Will this crash be as bad as 2008 that's the question

Roll on oil open tonight getting the popcorn ready lol

You are a very smart poster,
Are the cuts enough or not ?

Honestly chaps,
Who is happy with 9.7m bpd?
World uses 100m bpd.
From start of March that has fallen up to 35m bpd.
Let's take average 25m bpd.
The lock down is definitely going on to May. uk are talking 23rd may. Italy and Bulgaria extended lockdowns, I'm guessing others will also
No oil cuts untill 1st may.
The ramp fest here eis unbelievable, obviously so many punters locked in and want out at first opportunity.
Oil opens up tonight, if everyone is so confident go long oil.... I dare you!