Member Info for Tornadotony

It won't be in the 140's for long. This should share could see 200p or more if all the targets and expected news delivers.

Could be wrong but Shell, BP and Exxon all giving red flags. Move in oil could be short term.

A number of stock have wide spreads as the mount of trades per day is not high. It can narrow to just 2p. The sell is ften a penny higher. The buy can be lower as well. The stock is possibly getting attention as numerous reports are up-coming. The company has a new resource and reserves report, a dividend announcement, half yearly report and 3 rd quarter reports in the next 4 weeks.

RRR

Exxon Mobil did not get any joy so the oil price reality may be $39 again. I would take a lot of heart if 14.52 becomes a huge defence line where buy orders are stacked. If over 16p goes nowhere there is no harm taking something off and reloading and buying the support line or some territory above it. This is not an easy walk in the park upwards. Its not for widows and orphans.

PMO, Kosmos and Tullow are all in the same boat.

If you plot a chart 1 Jan to now you will find that it is PMO that just caught up with Tullow.

I now have that as a resistance line and oil needs to get past $41. So its boxed in for time being. The key sensitivity is oil price and factors that are in the frame is the Opec meeting, FED stimulus on 17th and any news of major oil consuming economies going into national lockdown. Favourable fundamentals break resistance and I do agree that unfavourable outcomes have Tullow in a lot of stress on support lines. Its a very dangerous time for the share. An economic shock of a major 2nd Covid wave and the banks which Tullow rely on are also in trouble.

For your proposed TA to be in play the double bottom support at 14.52 has to break which was hit 9 September and early doors today.

I think analysts are looking at second Covid lock downs and its a massive worry.

Lets see what happens after the OPEC meeting on 17th.

If your short that's fine that is your position. You do not add value in the way you make your case.

Days like today I remember the film Battle of Britain when someone rang from the USA press to challenge the account of German air losses against the spitfires. The entire state of the global economy now feels like we are in an epic battle. The first wave was like a Dunkirk and we may the best of a bad situation but the nation rallied together. London will be in the blitz again in two or three weeks time. I am extremely worried about the whole thing. The long term damage is non-Covid health casualties and a completely bombed out economy.

A share which is following TA in my opinion is AAZ. It may have bottomed on Friday but this week it has to confirm.

Toothache

If you compare the chart of Kosmos, PMO, Tullow and raft of other oil companies of that size, they are virtually all the same taking 1 January as the start date. A few differences might now appear and relate to recent news releases. This situation reflects a stalled economic recovery. TA in the oil sector is practically useless as everything is driven by underlying demand for oil which in turn is connected to GDP growth or retraction. So if we have an event which gave confidence that global economies were improving then all the oil companies and the oil price goes up. Smaller oil companies have declined disproportionately to large oil companies. So a recovery in oil would see sharper upwards movement in companies like Tullow that are trading at a fraction of book value.

I asked if the coverage of the patent in the last RNS was in several markets. The answer I was hoping to get back from the company would be on the lines of; we do not divulge individual patent filings in particular countries or continents, but can assure you that our policy is to adequately protect our intellectual property for commercialisation or something to that effect. Instead I got it was market sensitive and can not be divulged after saying in an RNS they have applied for patent protection. (In other words if you can not give precise answer because its sensitive, it does not harm to give a message to give a generalist response that covers the underlying concern that value is being covered.

I do appreciate folks may be working at home and do not have a second person always at hand to bounce something off. That is of course the advantage of a team environment.

The contact consilium-comms.com

I won't give a name as that is not a fair thing to do. I want people to feel confident about responding with their name.

My only regret is being underweight on the holding but great news. It is a 50% free carry in my case.

CDF,

I would add that mining nickel sulphate and ferrous nickel has a huge environmental impact. The damage se nickel miners cause to sensitive areas on the planet is massive. These minerals make up 80% of EV car batteries. Nickel prices will rocket as its in short supply. Cobalt issues are well known. Rare elements are forecast to rocket. The price of high scale EV production has huge environmental costs on water supplies etcetera and the cost of vehicles will not reduce on scale it goes higher as they use materials in short supply. Most of the population will not be able to afford EVs. Governments would tax EV buyers for all the environmental damage that will be exposed later. Its worse than the diesel mistake a few years ago.

I had no joy in getting clarification on the subject. The person responding appeared inexperienced on what I was asking for. It is quite legitimate to seek a minor clarification on a published RNS on the company as they had put the subject in the public domain. I wrote the answer I was looking for as to help them that would address any concerns on data handling. Maybe a second response will be obtained that won't be dismissive.

I have managed a portfolio of healthcare patents in the past and realise the company has managed this area quite well in previous years. I dare say that continues, but someone may have better relationship with the company IR then I have.

Toothache
What is more balanced is having both negative and positive TA examples and qualify both otherwise some investors get the feeling your trying to steal their breakfast. (Which of course your not as whatever we say here does not affect the SP) Tony