Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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A lot of this excess liquidity went into assets though didn't it...Property, stocks, luxury watches, cars etc. hence the surge in those asset prices over the last few years. What goes up must come down though...
and again I'll repeat my comment from yesterday... Govt's have just spent months printing records amount of cash and all of a sudden there's a liquidity crunch? I don't pretend to be an economics expert but that cash is still floating about the economy. the S&P500 is coming back down to where it should be in a 2 years post covid. I mean I'm happy to buy at value so pls continue thinking this if it fits your mindset! As for bp, I saw a few comments around old SP.. remember the divi got cut in half so forget £5/£6 targets.. the company would now effectively have to increase RCOP by 60-90% for this SP.
Very true Weirdpal.
The Great British public are supposed to be tightening their belts but all I see is the permatanned and tattooed dragging their oversized Louis Vuitton suitcases through airports whilst sporting glimmering Rolexes bought with bounce back loans.
Think I'm in the wrong gig.
what are you smoking doubleorquits? have you seen bps's trading conditions update, or the fact in 2 months we'll be heading into winter, with energy prices only increasing. Recession is being pumped by media, yet the airports are full of people going on holiday..
So Ryan is bearish based on his astrology chart readings which formed the comical head and shoulders pattern. Doubleorquits is also bearish based on listening to the Bank of England, who have been wrong about almost anything and everything since they were given independence by Brown.
I'm feeling surprisingly bullish on BP now,,,
Agree wholeheartedly with you. First thing this morning was tempted to sell at 386 but greed got the better of me and finally succumbed to selling at a loss for £3.77. Pumped the money into Unilever ! Hopefully a safe haven. Best of luck to all who remain in this so heavily manipulated stock
Sadly BP and Shell will both fall with the rest of the market as the market continues to slide down to correction levels (eg S&P 500 pre covid at 3300) together with recession fears. BoE warning that this is going to be bigger shock to financial markets since 1970 convinced me to go to cash on all holdings and sold BP at 420. Kicked myself when BP at 450 but now glad to be out. Catch a falling knife is dangerous and better to miss the bottom and catch it when we are coming back out of dark days and go with your gut rather than the daily swings of market manipulating media calling one day bad news next day good etc creating wild swings
Slater, no monster short, just calling it as I see it. Price at the pump is unsustainable and will come back down at some stage. Already seeing this in the SP. SP has formed a head and shoulders pattern so don't be surprised to see this fall further.
I never said it would go back to 250p, but it only has a a reasonable margin of safety at 250p.
I mean, good luck to you. Considering how emotionally you took my post, it sounds like you've got a lot on the line. Hope it works out.
Proce of oil at $130 a barrel for alot of thr last quarter. When the results come out early Aug, this will not be at these lows.
Ryan, BP was high 400s/low 500s even before pandemic...
I assume you opened a monster short when it hit 450p a few weeks ago then?
Bottles are you on mate 'when' BP hits 250p!
Ryanf, BP touched £6 per share in 2018 when oil rose to $80 per barrel.
The company is being deviously managed at present so a green conversion can be portrayed as a successful strategy.
Sooner you realise that these so called analysts are spoon feeding bullsh*t to the masses for their own benefit, the sooner you'll actually make money in the markets. How much higher did you really think oil would go? The prices are unsustainable, and anyone who bought BP at over £4 needs to get their head checked.
BP at £2.50 will be a buy again.
Well that so-called commodity supercycle didn't last long...
One must never put all of one’s eggs in one basket.
I do not for one minute believe BoJo is Greta fan nor a greeny, but he will say whatever it takes for him to keep in with the 'in crowd'. That is most of these EU and US keep talking about greener cleaner energy.
Net zero is great in theory, in practice, nearly am impossibility. The need to move from A to B, to heat a home etc cannot come from sustainable energy sources alone. We just have too many people on the planet for that to happen.
There's always a need for an energy mix. Solar is excellent in heating the house during the summer months and wind when there is wind blowing. So, I suppose in the winter months when you need heat you'd have to wear coats indoors especially when not even a twig moves.
Once we are rid of the clown and hopefully most of the cabinet, we can hopefully get new leadership to address this Green Nonsense and throw out Net Zero.
Sure Windfarms and Solar installation are a great asset to a company like BP, but they must not overtake our core business. Our core business is Oil & Gas exploration & production. Long may it continue.