Member Info for SBB1

Brent rose to 36$ then fell to 31.5$

Al because of buy the rumour sell the news.

If the oil cuts are agreed... it wont be enough chaps and the oil price will sink and taking all companies lower, it's all very simple. Supply and demand.

Everyone will then be looking for hope in the june meeting.

No deal and brent going to 16$
Deal that is not deep enough and it's going to 24$

Supply and demand
World consumes 100m bpd, currently at least 35m - 40m bpd oversupply since start of march.
Lock downs being extended in itlay and uk lockdown untill 23rd may ?

If cuts not starting to 1st may wow.

Tlw very possible to go back to 12p

Never say never people!

I'm with Bt, oldman, and laidback

Maybe until 23 may wow.
Itlay extended lockdown into may!
Wow supply and demand

Maverick,
Just giving people my views as it's a free board.
People can call me a deramper or take my views with a pinch of salt.
But oil and oil stocks go lower

Seriously guys
Saudi Arabia are desperate.
Saudi and Russia need to cut 5 million bpd each.
It takes Russia 1 month to turn the taps down.
Cuts not starting until may!
Tge tankers leaving middle east take 30- 35 days to arrive in America
So those may boats hitting America in June!
If they cut 20 million bpd it's still not enough!
Will STILL be too much supply in the market
25 million bpd cut is needed.
The glut will take months to clear!
All oil companies will go lower!
Leobull knows the market very well and oiluser, they know the score they were tlw and PMO longs in January 2016

Anything less than 25 million bpd cut wont be liked.

Dad,
Do you remember when you bought 1 million tlw shares at 8 pence each and sold the lot for 26p each and made a fortune.
Son,
Yes it was amazing turn around,
Dad,
Why did you sell ?
Son,
I sold because shorters would not let us break 30p what is 420 million mkt cap.
Dad,
What is your next move ?
Son,
I will buy a shed load of salted popcorn and watch this play out from the side lines for now.
Dad,
What do you remember from January 2016 oil crash ,
Son,
Not trading the big the swings and making loads, I will not make that mistake again.
Dad,
What are your final thoughts?
Son,
99 % of people on these boards are like women, never trust any of them.
Son,
Always remember let the trend be your friend, and never go against the trend.

Oil going lower as expected, the cuts are not enough.
The super tankers leaving middle east for America take 30/35 days to arrive.
The world is drowning in the stuff so price will go lower.
Tlw will follow oil down, people will be buying hoping they bought the bottom, but it will drip lower and create waterfall effect.
Next targets
20.4p
15p
12.5p

140 million shares boys need to be bought !
150 million shares for sammy !
You know the score right !

Looking for 30s

Higher now than 16.30 close on Friday!

Perfect storm here
Official shorts @6.3% according to short tracker, but all those little parasites sitting below 0.5%.
Shorts is 10% imo
So 140 million shares need to be bought back!
Sammy needs 154 million to average down!
Add new big guns and private investors in the mix.
You are are talking 400 million shares !
But to get anywhere near that 10 times the volume needs to be traded.
First stops
23.5p
29p

This can easily get back to 50p very quickly.
A take over offer could come at any point of anything up to 70p as this is a sitting duck !

Take your pick on the next Rns
CEO?
Asset sale?
Take over offer?

My new bigger boots arrived this morning from Amazon, I'm planning on filling my bigger boots in the morning
Will get the popcorn ready for the morning as well, we should see 20s

Crowded short boys lol

23.5p
29p

Have a good weekend

Volume 105 million
Maximum shorts bought back about 10m imo
130 million shorts to close boys!

18s paid
First target done
Next 23.5p
29p
Let me all hear you say 140 million shares
Repeat after me 140 million shares.
Are we all singing now... 140 140 140

Let me hear you all say
140
140
140

Yes that's right 140 million shares needed by the shorters

Crowded trade

Next rns
Cei
Assets sales
Take over offer 40p - 70p

Short term targets

18p
23.5p
29p

140 million shares wally bankers
I mean achors

62p - 7.2p was one of the biggest scams of all times.
Targets
18p
23.5p
29p
Shorters need 140 million shares , laughing my *******s off.

A few people that sold on yesterday spike wanting to get back in me think lol
140 million shares needed by shorters
154 million shares for sammy to average down.
Shares for new longs.
Sitting duck down here at current mkt cap total, chinese or sammy take your pick 30p - 70p

The RNS basically says we are all right until end of the year!
No more bul**** lies from the select few that have scared people out of there shares.
Maybe a good time for people to average down ?
Buy buy buy and keep buying

Best Rns since November
Targets going back up short term
18p
23.5p
30p

With the benefit of the Group's hedging policy and production remaining on track within the Group's 70-80 kbopd guidance range, this results in a free cash flow breakeven oil price of c.$35/bbl for the rest of the year.

Hmm
140 millions needed by shorters to close
154 million shares needed by sammy to average down.
140 million shares for new longs.
And xyz million for us private investors

Crowded trade down hit for shorters

Anyone with a higher average than 30p might want to get it lower ?

Bid should be between 30p - 70

This should minimum 30p right now with the assets they have.

Looks like sammy will get tlw