The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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It's a definite opportunity at this price and I'll be holding out for a minimum of £5-30 before I'd even consider parting with the latest 5000 I hold.
Halma have most certainly put a spring in my step this morning but I had a feeling they might.
RR has been an EXCEPTIONAL hold for me BUT is was very VERY painful watching it fall from my original buy price of 1.10 down to 60 odd pence and reading people's views on where we were going RI and all sorts :)
I had a few sleepiness nights - i can tell you :) - But i averages down to below a £10 and and holding out now for £4+.
Sure, good points. I sold a few weeks back at 5.54. There were extraordinary factors then. I had held them much before the recent Mid East turmoil. If only I had hindsight and foresight to have backed RR and sweet HC.
That may have been a little premature, not sure this is going anywhere fast at the moment.
There are better opportunities elsewhere in the market, all be it a little MORE risky - but as they say "You have to speculate to accumulate" and some degree of risk always exists in the Stock Market, no matter what share you pick.
Back in.
If you want to understand the issues surrounding BP and why it's such a 'confused' company/organisation and why the market doesn't value it anywhere near its competitors - Just take look at the Board of Directors. Have you ever seen such a group of individuals with differing and unaligned interests, all wanting to pull the company in a different direction.
Put on your red shoes Halma, and dance the Tullow train. You've missed out on the initial re-rate. But more coming.
Sadly for Happy.
Https://www.vitol.com/vitol-owned-petrol-ofisi-agrees-to-purchase-bps-turkish-fuel-operations/#:~:text=bp%20has%20reached%20an%20agreement,conditions%20precedent%2C%20including%20regulatory%20approvals.
Down down down SP
Saudi Arabia may extend its voluntary oil output cuts into the first quarter or the first half of next year, Reuters cited Energy Aspects co-founder Amrita Sen as saying on Wednesday, citing oil prices that are still too high and fundamentals that are still too strong to support a reversal.
Sen’s forecast comes as oil prices as Brent crude prices were just under $82 at 11:01 a.m. Wednesday, with West Texas Intermediate (WTI) trading down a percentage point, at around $77.5 per barrel.
On November 26, OPEC+ will hold another ministerial meeting. Earlier in November, Saudi Arabia, the world’s largest exporter, said it would extend its 1-million-barrel-per-day voluntary production cuts until the end of this year. The Kingdom also left official selling prices for Asia unchanged for deliveries in December because of weakening refining margins, supporting Sen’s forecast.
The Saudi decisions sent the markets down on worries of oil demand outlook, suggesting these moves highlighted Saudi uncertainty. That uncertainty was compounded when Saudi Aramco reported a 23% drop in Q3 profits on lower oil prices and lower sales, despite the fact that this, in part, resulted from voluntary output cuts. On Tuesday, oil prices made some gains following OPEC’s Monthly Oil Market Report (MOMR), which indicated that the cartel sees fundamentals as strong and that demand in the U.S. and China is not troublingly low. Oil prices were climbing upwards midday Monday, with Brent crude gaining over 1.6% after the market digested an OPEC report suggesting demand in the U.S. and China is not lowering to the point of concern.
The markets were also responding to unclear indications from the U.S. Federal Reserve about a potential end to rate hikes, with various investment banks speculating on rate reductions in the next 12 months. OPEC said it expected to see Chinese crude imports reach a new annual record this year, and criticized negative market sentiment as overblown.
Price paid for offshore power to rise by 50% - BBC News
https://www.bbc.com/news/business-67430888
Evening all
After unsuccessful lobbying for an increase in the US, resulting in a $540 write down for US offshore wind licences, BP and others have been successful in lobbying the UK government for the same. Let's hope the Europeans and others will follow suit.
My main broker has.
22 Analysts expect the price of BP. to increase by 41%.
22 Analysts expect the price of SHELL. to increase by 17%.
Time will tell.
Looking to see what I was doing on 16th October when I missed slicing WS Guinness Global Energy in ISA.
See I thought to take a slice here at 557p on 17th which has also fallen back since.
Must think of that next trade here.
BRB must be a Bowie fan going off that comment
Have we missed the Tullow gravytrain or something?
Just dont ask him about (ducks) BOO.
The positivity there is arguably higher than the national grid
I'm Happy, hope you're Happy too
wooooo
LeeRex,
You write "Need the CEO position confirmed, and hope it’s a positive 1."
Looney has transformed BP into such a confused mess. He initiated a green transition policy based on ridiculous figures and wishful thinking. He had 3 years throwing money around like confetti at a wedding. And now, we find ourselves floundering considerably marked down against our peers with an interim CEO who's message, "business as usual ". It's really pathetic there is 20-30% upside in easily achievable shareholders value. We only lack a leader with the cahonas to achieve it. A Suella Braverman of the oil and gas world is required. Not a Richi Sunak from Canada.
Love the cross board banter!!
Surprised BP is lagging in a positive upbeat(ish) market
Need the CEO position confirmed, and hope it’s a positive 1.
Happy you turnip, come and tell us all your wisdom about Tullow or are you too upset at how rubbish BP is and Tullow success is salt in the wound? You prized sausage.
Https://www.livecharts.co.uk/MarketCharts/brent.php
Onwards and upwards :)
I got your joke my friend and I did raise a glass to the King because I'm not that far behind him
Halma1983, Are you so stiff you don't understand a joke. Go and raise a glass to the King on his 75th. Hurrah. Lol
All this stress isn't good for you
Step back and stop over analysing the S.P on a daily basis