Sorry. Short positions started to get closed five days ago as the SP started to fall in the same time period. This I don't understand as I thought that if the short positions closed then the SP would go up. Am I missing something as a novice investor?
So... could someone explain why the SP has gone down over the last five days when the declared short positions have closed by 5%. Am I missing something?
Shorts reduced massively. Now down to 10.91%
Looks like the covenants are still being hashed out at present and still may take time to resolve. Probably due to the quantity of lenders involved as I understand. However there should be a Trading & Operations Update on 17 November.
Heard a little snippet of news relating to China's growth and their oil consumption statistics which was on the BBC business news. China's imports of oil were initially thought to be down by the many which contributed to some fluctuations in the oil price a short while ago which could pose some relevance in today's markets. However the amounts of oil imported were in a dollar value when analysed instead of amount of barrels imported. As it turns out China's import of oil has increased over this time which wasn't evident until data was switched from dollar amounts to Bopd. Hope this news is relevant and helps
Not much volume compared to recently...What does this mean? Is there an announcement in the pipeline?
Just a question...is the 10 project the first of tullows fields to be developed by tullow to produce oil next year?