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https://www.google.com/amp/s/amp.ft.com/content/66fe5644-00dd-41db-8802-ea3278f29007
I think we will see £5 a share again a lot sooner than people think. Boom times are on the way!
The crazy thing is when Tullow reaches £2 a share, it will be a more attractive investment than the SP currently. Debt will be eradicated and will be a highly profitable company when POO hits $70 plus. There is still a stigma attached to investing in oil companies as they're not the 'future', however it will come to a point where investors will see past this and see how lucrative Tullow will be. If oil hits highs of $100+ there shouldn't be a reason why we can't get back to £5/10 a share in years to come. GL all, we're here for the long run.
It's never too late to buy into it!
I'm aiming for £1 by q4 and even then I won't sell. Everything on the up for Tullow. End game target of £3+. May take a couple of years but it may also come sooner than you think if oil stocks become the next thing to dump your money into
What would you estimate the share price to be at the end of 2022 if we can reach and maintain $100 a barrel for oil. Unlikely but quite possible. £1, £2, £5 a share? Debt would be reduced significantly and IMHO I would say at least £2 a share. What do you guys reckon?
I think that it is more likely to hit £1 a share than pull back to less than 20p per share. Economies are picking back up and it looks like it will accelerate as we come out of this pandemic. The benefits definitely outweigh the risks with Rahul's management of the debt and with a chance of a supercycle, POO has a chance of hitting $100+
BP reports full-year net loss of $5.7 billion after 'brutal' year
https://www.cnbc.com/2021/02/02/bp-reports-full-year-net-loss-of-5point7-billion-after-brutal-year.html?__source=androidappshare