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dmedin

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Posted (edited)

Didn't notice the first one.  Thankfully I didn't enter there 🙄

Need to be a bit careful...

Edited by dmedin
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Guest Andybram
Posted
5 hours ago, dmedin said:

Didn't notice the first one.  Thankfully I didn't enter there 🙄

Need to be a bit careful...

The first drop was bad news about oil quality in the latest well in Ghana, the second big one on announcing cancellation of the dividend.  Does seem a bit of an over-reaction and I bought a small holding for a trust after the first drop.  I plan to hold on long on those as the price has recovered somewhat in the past few days although I suspect it may be quite some time before it gets back to the price I bought at

Posted
11 minutes ago, Andybram said:

The first drop was bad news about oil quality in the latest well in Ghana, the second big one on announcing cancellation of the dividend.  Does seem a bit of an over-reaction and I bought a small holding for a trust after the first drop.  I plan to hold on long on those as the price has recovered somewhat in the past few days although I suspect it may be quite some time before it gets back to the price I bought at

Hopefully it pulls back up for you 🐮

  • Great! 1
Posted

A bounce back up to around £1 per share does not seem unreasonable and would only be a small retracement (38%) of the precipitous drop.

TLW-Daily.thumb.png.9e1f915035f51d742627b3c19678659b.png

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