Member Info for trytryandagain

You'd have to be mad to trade in this environment IMHO. Think longer term and hold on tight whichever direction.

There will be people in the UK who get access to pensions, inheritance, or any sort of windfall next week and decide to buy into funds.... great timing and the best of luck to them.... lucky sods :-D

Oil price, anyone who has leverage on stock the wrong way will be wiping their rear end a roll at a time not a sheet ;-D

Watch and learn, this is a world event no point doing anything but accepting what and where you are and logging all you can for future decision making.

HeresHopin, these are extraordinary circumstances and the Wife and I had a meal out and a bottle of red. We have discussed and agreed our buy point on oil long. If the price comes we will do it covering our leverage to where the world would burn and explode twice for us to get called out. GL everyone in the following days.

This is why I made the decision years ago to never leverage. There will be a lot of names never post again after this fallout is cleared that's for sure.

The virus is a sideline it's the cartel that's caused this with the virus starter and oil main course....dessert is a little wait but well worth the wait :-D

Check in at 7am for RNS then I am not even opening my portfolio until after lunch. Anyone that want to try and buy or sell in the next couple of day's is going to get bent over and no soap applied!

Thunder the best thing to do is switch off until news Thursday , trying to play down here would be suicidal to your wealth IMHO.

Whatever games are played I am not going to make a rash move, Thursday we get the real figures and then we can argue facts instead of predictions. It all depends on personal time frames and stock holders vs. leveraged holders each way. I see the business doing well medium term, I hope Thursdays update supports that into 2021.

Away from the corona panic which is hammering markets, Tullow Oil is poised to unveil the results of its strategic review when it releases its annual results on Thursday.

The review was triggered after a series of setbacks for the oil firm which caused its shares to tank.

Rumours of a cut-price takeover by Total were quashed last month by the French company’s chief executive.

But word reaches me that a private equity firm is circling Tullow, which is valued at £330million.

Its identity is unclear at the moment, but perhaps it will be revealed on Thursday.

Asset sale is a left field but we know there are for sale signs up and OK oil is low but buyers look at long term payback on an asset, debt could be within very comfortable range very soon. Going to laugh my two dangle's off if we get a takeover RNS first thing, the 12th numbers will be all but rubber stamped by now and interested partie/s will have been in negotiation for months and ready to make an offer. I am glass half full :-D

12th

Do you suggest it will stay at 9p forever and ever also or will this all get sorted out and raise to maybe 10p if we are lucky?

Exxon sees world demand for oil and gas growing substantially out to 2040, even under the goals of the Paris Agreement, which seeks to limit temperature rise to 2 degrees Celsius above pre-industrial levels. Renewables such as wind and solar won’t be enough to meet demand growth on their own, according to Exxon.

In any case, it remains to be seen whether oil giants can generate big profits by producing carbon-free energy. Solar, wind and battery storage projects haven’t shown they can fund the huge dividends that underpins the industry’s investment case.

To underscore his point, Woods said that global emissions have risen 4% since the Paris Agreement was signed four years ago and energy demand is up 6%.

For the energy industry to truly address climate change, Woods believes major technological breakthroughs are needed in the fields of carbon capture, alternative fuels in transport and re-thinking industrial processes. The company is investing in all of these fields but admits that progress will take time.

Tullow Oil has current liabilities of US$1.6b and total assets of US$11b. As a result, its current liabilities are equal to approximately 15% of its total assets. This very reasonable level of current liabilities.

More like the Russians have shorted the oil price, then they will go long and call a new negotiation.

If I was a CEO I would be looking at essential maintenance right now and seeing what can come offline while the price is cheap.

I have in my head 1.20 no rhyme or reason just my best guess.

JMAX I am leaning more and more towards a takeover, lack of RNS's is certainly strange. Well if it is happening any buyer will have the rough figures and I would expect news around the 12th so we can vote on the offer with the latest figures available.