The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
https://www.kltv.com/2020/11/30/members-oil-cartel-meet-coronavirus-rattles-demand/
I would agree BC, @17p represents a realistic entry point again with a possible drawn out low oil price over several years and all the hoops to jump through to get the merger done, each one has a risk of failure.
[ I am out and looking to re-join so I am likely biased! ]
So glad I sold Wednesday, sold everything else same day.
I have a horrible feeling a hefty correction back from the market jubilation is comming to the market in general.
Imho
Well for me it was getting too close to the 27p consensus value on merger. I wasn't expecting 25 until mid December and thought it would need more encouraging RNSs to get it there. At 25p it was as if it had all happened but the risk was still there so bailed. If it drops to 19p people might pile in again, with some prospect of reward, well I might anyway.
I would agree with you BC, a cooling off period for a while ... as the reality of economic damage sinks in.
I could also be wrong but I am out of everything today.
Thanks Rooks, looks like I am not the only one taking profits today, TLW faltering too.
Having said that I think longer term outlook is good and I am sure everyone here will be fine.
only because I reached my target of 25p.
30k profit, amazing.
GLA
Open 22 Close 25
Brent 47.5
50$ Brent by friday
Traders were hoping for a dip to get in, no such luck ... Goodbye teeny prices ...
https://www.google.co.uk/amp/s/www.proactiveinvestors.co.uk/companies/amp/news/934601
Pfizer COVID-19 vaccine could get UK approval this week -
https://uk.reuters.com/article/uk-health-coronavirus-vaccines-pfizer-br/pfizer-covid-19-vaccine-could-get-uk-approval-this-week-telegraph-idUKKBN2820R0
and at 0.5 p per day (3% ish) that will take us to ..
22.5p by 1st December
27.5 by mid December
Yes steady daily rise less than 3% a day - will keep the pesky day traders away
imho
Perfect predition P(u?)tin
December, with just 6 trading days time until December 1st..
How much will gas production be in the new company?
[Gas is stepping stone to the greener economy and prices will hike.
Natural gas price has allready risen by 27% in the last twelve months, compared to a 33% fall in oil]
Thanks for the insights Hydrogen
"MM sometimes drop a share price to discourage sellers"
that usually makes me panic and sell, although today I have managed to resist - only just
Helpfull, thanks
Are MM's people or computers?