RE: *** BRENT JUST SHOT UP OVER $72***. The shorters are either4 Jun 2021 17:40
Hey Rockylee, After all of the experiences of PMO, I think seeing the SP acting so at PoO rising, you could feel a bit jumpy.
I took some (only 5k) profit and moved it into TLW, as I thought they will be more succeptable to PoO fluctuations.
I felt that HPR could be a slower burn,and not knowing when the overhang (the consolidation was a suprise, but now seems logical and should have considered it, but just not so soon) will be cleared.
Would management have invested so, knowing bad news was around the corner.
IMO The $58 hedge does give very surety for a year, in a year that alot of new assets, tax carry, Mexico, Fklands, Indo) needed assessing and personnel settling in and all still in a world /covid / uncertain. Steady first year of business required.
A year ago BP were at £5.00-5.30
Still just my opinions, I do not drive a voltswaggon and bet on black (RKH). So that shows my skill level.
Very best Sft