A uptick in the oil price has been enough to push oil and commodity stocks higher, while in the US JP Morgan boss Jamie Dimon helped to push his own bank's stock higher after he snapped up 500,000 shares at a cost of $26million. Financial analysts praised the American's bravado and for putting his money where his mouth is, while also calling for other top bosses to follow suit. Connor Campbell, at Spreadex, said: 'It will be interesting to see if anyone follows suit. But just Dimon doing it, however, might be enough to reassure the sector as a whole. It's a move that is far more bold than Deutsche Bank's John Ryan calling the company 'rock solid'.
Could we see an hostile bid ? If it was to happen it would be happening now Eexon are reportedly looking for aqusitions and mergers so next few weeks could be interesting but would it be allowed ? At current price it is how they say as cheap as chips !! And when you see a BP director purchase 1 million shares at 3.43 things have to pick up for if he has no idea about the fortunes of BP it's god help us . Now pleased I topped up more yesterday. There was no logic behind such a drop as nothing has fundamentally changed over the last few months and demand for fuel is always higher in spring and summer months . Best of luck to all investors Keep Smilling
This was overdone after exdiv as the dividend is c.6p but the drop was 20p. I managed to top up yesterday as this is an opportunity not to be missed. In hindsight it would be better to buy now than take the divi.
Anyways i saw someone mentioning they bought yesterday to take dividend but i think for you to be to be eligible you have to be holding on Wednesday close to be eligible.
A Soudi oil minister publicly announced that they were willing to talk about cutting production as long as everyone els agreed and stuck with the agreement so a little good news . Best Of Luck to all investors Keep Smilling
Saw one on aljaz tslking about democrscy 4 syria ! Saying russia wss doing terrible carpetbombing, of course, noone pointed out just whst they are doing in yemen. Not long ago peakoil talk, their biggest oilfield wss supposedto be in big decline.now they pump like no tomorrow. Maybe thats the answer ! No tomorrow for their people but the royal family raising asmuch cash as possible,which they send to london,the fraud capital of the world.if gets too hot,they will move Permanently there to a heroes' welcome
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