Member Info for Tornadotony

We have experienced a joyous run of late after months of misery. Things do not always go up in a straight line. The company and the oil energy market as a whole has many issues. The trend is up, but we do not know what USA will do on Friday. I suspect the result is more can kicking down the road simply because of complex stakeholder relationships. So do expect some back and forth actions as this is looking more complicated by the day. If it happens let us avoid calling people shorters and rampers and just realise active management or views to balance emotions may be going on.

I have lost track of the garbage posted by Uganda press on this issue. I found this article tells us absolutely nothing. Gossip that has no identified proper journalist or evidence based source.

For a stronger start tomorrow.

Stuck in a trading range just like Brent. Will soon find out if it can go to 28p or goes back to 24p and close significant gap in chart created this morning.

Good to those who are running with it but after my 4 buy orders were all jumped over this morning, I decided not to chase the stock. In principle I do not like significant chart gaps and I question the rally. Its a gut feel when I look at biased gold articles that all overly bullish. The other day you could not buy any precious metals as none had been delivered as the system for delivery was affected by Covid-19. I just feel its a false market out there and not just in precious metals. The only sectors like staple foods and health should go up. Everything else is in a logistics mess with little end point demand.

They are sorting it out with other countries. The previous dispute with Putin and MBS has shut down a number of USA rigs. It has got other OPEC and OPEC plus countries to agree to higher cuts. It has exposed a very inefficient shale play remaining in USA and a big red flag for investors not to save them this time as it harms 60% of USA oil production that is well run. Overall a deal to 31 December should stabilise the oil market in what is an unprecedent situation.

Platform now back up and running. What a relief.

They can hedge half the production ad sell the rest on spot price to deliver breakeven. Each day they do this takes them through Q3. Hedging strategy in March took them to third week of September. So every day above $33 dollars is another half day of hedge.

No joy this morning as HL platform goes down.

HL platform can not cope.

No I could not get anything.

The oil price went up in the USA market and has left a large gap from the Asian markets. Those markets opened near their previous closed price and are currently back filling with buys.

Brent chart gaps getting back filled.

I believe Tullow is now in a breakout.

Closed at 122.66p banked 1.8p. 0.75p made on earlier morning trade so 2.5p banked overall. Will build a big position on here later in the year. This morning was a gift chance as it was bound to go up a bit for USA open.

Like a volcano. The pressure builds and builds and then it can not be held back any longer. Its when they run off and do an auction for more shares we will get big moves. In the meantime a quote from Dad's army " they don't like it up'em". Pitchforks at the ready.

I have taken some 12.xp orders off myself and now 13.xp. It then moved higher.

Means to load up.

A number of holders will be contemplating it.

Lets have a little fun on last day of trading of this financial year.