Member Info for StanleyPro

How can you buy the additional shares at 30p? I'm averaging above £4 so down a lot.

any RNS released on 1 April? :)

It may never go to 7.5p again. In a month time some will only dream topping up at 12-15p.

I'm almost certain that opec will return to negotiate some deal in April/May. They all need a much higher oil price to breathe normally. Last month we heard that the russians planned to increase production from the beginning of April but if you look into the details they won't be able to increase it by more than 10% meaning this increase will never compensate the deficit. Bottom line is that shorters are already screwed without realising it yet.

yellowman, please let us know at what level you opened your short position.

I find it strange that there has been no real improvement with the COVID-19 situation in Europe, the oil price is still in the low 20s, yet all markets turned positive... BP is absolutely flying, so is the panic sale over? Will we get another wave?

Those who bought the bottom will get the second one free. Everything will be down next week...

I would take it now for 1-2 days since we are almost there and then all the way up into 60+ rather than going back to 12$ next time round and suffering on the way down again...

Don't get me wrong, I'm long here averaging 32p but I said "possible target" that's what I get from technical analysis, it doesn't mean WTI will be there tomorrow or even this time round, maybe bulls will take revenge now.

possible target according to my calculations

WTI is 24.5$

I agree, no reason to suspend. Also a chance for a good top up. Betrayed promised 2p, I don't think we'll get there but even 5p would be extremely good short term.

want to stay but unhappy with management decisions, making a statement via a massive short. Would like to hear your thoughts on this.

"Looks like JP Morgan just sold a chunk."
Good. We don't want these vultures here.

Betrayed promised 2p here, so I'll play the waiting game.

OldFatProp what is your point? Go short if you think TLW is collapsing, there are two buttons for a reason. Most on this forum won't be following you. An oil deal could be struck the following month, China is recovering quickly. TLW has good assets and there's no reason selling them for peanuts!

"Take a look at the 10 Year oil price charts and see how long $30 bbp has lasted."
I got annoyed by a question after the presentation which was along the lines "what if the oil price stays that low forever?". I wonder where do these analysts come from, seriously.

Or down to 5p where houses will come into the mix.

Mrd, it will survive, you were planning to buy back at 30p. Now it's nearly 4 times cheaper! I can't believe what I'm seeing on the screen, is it even real?

I'm going to wait and see how far down could this go and top up in the next couple of days. At this rate of decline waiting game is dangerous because they can suspend TLW. I recon no chance seeing 8p when it comes back.