Oil prices slid after Libya restarted an oil field for the first time since January. The renewed pumping activity sparked concerns of a market oversupply. West Texas Intermediate crude fell as much as 4%, to $39.27 per barrel. Brent crude, oil's international benchmark, fell 3.1%, to $41.94 per barrel, at intraday lows.
RE: Can someone remind me please what is it that PL22 Jun 2020 17:17
I think he’s just taken risk off the table by clearing the debt levels which were high. Traf will of course have seen something in terms of production levels which they feel they can grow organically without much risk. It’s a safe investment that even now one would value at 3p.
Not the most sensational answer but with lower debt risk, PPC is a much safer share to invest in - just not the excitement of being able to multi bag from current levels even if poo was to shoot up.
Looks the meeting is being abandoned due to previously agreed cuts not being met by Iraq and Nigeria. May will push Brent back down to 35 if another meeting is not rearranged until July
Well done on your sell ponzi, ignore the haters, you called it correct in selling when you did, followed your head like a savvy investor so good on you.
Will be nice to see 18s again, great top up opportunity.