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Tullow, PMO, BP and many oil companies that are likely to be on survivor list are not following oil any more. If they were Tullow close would be near or on 15p. It never got anywhere near 16.4p when Brent hit $26.8. The relationship has changed as some oil companies are now moving on a different advance time oil price agenda. The bottom for Tullow is near. I do not rule out closing the gap to 16.55 area. Those hoping for low prices need somebody else to sell. We shall soon be at a stage where the only way to go is up.

When you put in a dummy sell order for 125,000 shares and market maker offers you a price near the buy or certainly above the sell price by some margin it suggests they do not have that many shares to offer to buyers. It will be interesting if I hard job tomorrow with the last tranche.

Maybe they have a CEO to show case this week or there is other news or simply the market is telling us this is the capitulation bottom in the oil market. For two days it was dead easy to get an order on a sell but having to do requotes multiple times to get a buy order in. One small buy to do. Its only closing gaps on massive spreads.

The dip back to 17.2 helped. Only a 1/5 left. Someone is very eager to buy the shares no matter what.

Still feels like an invitation to stick head in a heated oven.

That is an awful drop. Its a cardiac arrest like collapse. This must be turning off the oil taps all over the place. I am not sure how opening up a few small shops, gardening centres and DIY shops will spark a recovery.

Brent and WTI have been hit with sell bombing runs. In March the share just crumbled against such an onslaught. I am surprised Tullow has done what it has so far today. I think this pressure on oil is for another two sessions at least.

The alternative is to use geography, quarantine areas and contact tracing as in South Korea. It does mean having internal borders with open (viral low/free) to closed (viral high) areas and manning those border zones. So Cornwall, Devon and somerset would be one zone. All of North Wales another zone. A week later North Scotland and most of Northern Ireland go out. After 7 weeks nearly the entire country is free of lock down bar international travel. Keep on contact tracing to take out small outbreaks. You do need the public fully on-side.

If futures on Brent hits around $26.8 expect Tullow to hit 16.4p area and close a chart gap.

It went down to 16.8p.. Closed 1/5 of top slice at 17.34p. Wait and see what happens next.

First of all nearly everybody has the potential to be correct this week in their guesswork on Tullow share price. Overall I will be watching if Brent retreats either 2% or 4% per day in the early part of the week. This tells me if we see an 11.4p bottom or 14p with the former closing two gaps in the Tullow share price chart. The upside is more likely on Thursday or late Wednesday afternoon. The focus is just that closer to when the oversupply finally may be affected or near a date for that to materially happen. Oil for Brent and WTI would be coming off the low and Tullow increases in SP value.

The problem with going higher in the beginning of the week is that at some point it will come back down to close those chart gaps. There is probably an 80% chance of that back filling arising. I also believe we might get more intelligent information on lock down reduction methodologies which has huge room for improvement at the present time.

It stood fast at 17.9 and moved up in the last 15 minutes. Maybe something happens to Brent after hours.

You will get a better price on the next one. USA opens in 20 minutes.

Phoebus its dragging everything else down with it. If tullow loses the 18p handle it will be on 17p quite fast.

Spread to Brent $10. Brent can not move up much imop. Squeeze on shale may go on through next week.

More likely to be sold in the $1 B of assets they are off loading. Total were keen at one point.

On second thought the candidates in some cases might just burn petrol and drive by road.

Bugsy I hope you have not filtered me. My comments are genuine.

As for Tullow. I have been thinking about the difficulty of interviewing someone on Zoom and just how confident the Board is about making a decision. Seeing the whites of people's eyes in a Board room gives an emotional feel on whether you want with that person every week. We might get short list delayed because of air travel restrictions.

The real news New York and London still down.

A lot of BS out there. Gap on the morning chart was closed so the open was a bull trap.