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Tony, nice to see you on here as well. I've seen you on the FRES board.
I've also been buying BP. Pretty much doubled my position this week.
Tornadotony
I added 2 end of day 305.40
I added on Friday. BP will have less competitors in a few months time when some go bust.
Same here Hoping to grab some more sub 3 before the general re start and eventually off load in August.
What we know now that we didn't when we hit 3.70 is very relevant. write offs and jobs lost in the process, the end of the Russian and Saudis output war has not delivered as per expectations,div cut is very real. PE ratio is different to cut it short.
On a positive note I was passing by a brand new BP petrol station in London and wow. Had to get in although I was cycling. Don't now if by design every station have 5 or 6 charging slots for EVs but they were all occupied.
Real confident on the future of BP
Wow haven’t checked the board in a week or so. That escalated fast.
I think it will be a slow recovery and managed to resist the temptation to top up today. Hoping for some sub 300 opportunities next week. I’m still not convinced the div cut is fully priced in either.
GLA
eviking,have one for me,never had a pint in a pub for 3 months.Cheers
bigbadbaz
Just to break the ice time for a cool pint of 1664 atb
Sorry guys to spoil that Friday warm feeling but it would appear I really have upset sneaky Pete:
Do you think he is going to start stalking me?
Interesting article.
https://cleantechnica.com/2020/06/25/bp-takes-18-billion-writedown-whats-up-with-that/amp/
Teddy's midday prayer for his IAG investment.
Only reason I am doing this is because you might fool one or two newbies with your wannabe "oilers testosterone" ego. The less of you are circulating the better we capture the informed sentiment and outlook for BP shares.
You have nothing to contribute to the process.
You discussing Looney policies it's like monkeys discussing how to get to Mars.
"RE: stamp dutyToday 12:24
Hi Paddyboy you have joined the party at the right time, there are a lot of us holding losses on this share, but it will catch up in a few weeks."
Rise next week, RNS soon ,planes in the sky soon.How many bags are you under?
Embarrassing tbh.
Gentlemen, gentlemen.We are all here to make money.A wee bit o' banter and **** taking is fine as long as it does not lead to abuse.It is Friday guys, no more grinding of the teeth until Monday.Covid is on its last legs and the pubs will soon be open.Relax and enjoy.
I thought SP was the aggressive one...… T100, think you may need to go and take in the park - social distancing though.....
@ SP. I have just got out of bed and I have noticed my IAG shares are up! It is going to be a blue day. I couldn’t resist buying a tranch of BP shares yesterday, not at them rates and that is without Bernard cancelling the divi. I must be really winding you up if you are looking at my past posts, frankly I couldn’t be arsed to look at yours. Have a nice day.
Oil oilers.. adapting. Petrolio
''you can visit the Aramco facilities and learn what oil looks like. '' hmm a ''crude'' dig there feller. ''Up the Conjunction'' not a bad film if I can remember. Good Friday morning my good people, 31 celsius yesterday and raining hard today,whats not to like.Bonnie Scotland at its best.
Ah ! Teddy . Let me guess another one in the red uh ?
IAG not treating you well? there is always
a tomorrow don't give up Teddy.. you watch!
"SP25 Jun 2020 22:24
On a positive note, we are going h to have a blue day tomorrow the Phoenix is going to rise from the ashes and fly high into the sky, you watch."
Aren't you tired of posting the same prayer every single day of your wannabe bully existence. Only a genius like you could chuck money on IAG right now.Say what? you want to discuss oil?.
Know your limits pantry boy.
On a real positive note they now also let people like you visit the Saudis Kingdom it's part of a
new program to diversify from an oil predominant economy ,perhaps when you recover from your losses you can visit the Aramco facilities and learn what oil looks like. Word of advice they are tollerant and respectful but keep your mouth shut because fools like yourself easily end up in real serious trouble.
Aka. I am well aware what a conjunction is but do you not thing this BB for Oilers is becoming a tad pretentious?
Be civilised T100, a word used to connect sentences or words in the same clause - This is becoming embarrassing...….
Try this one - Alma mater. Aqua vitae, ars longa, vita brevis. Praemonitus, praemunitus. Caveat emptor......
Sneaky Pete, of course you have been to Ryad, I bet you have been to the moon.
Sneaky Pete two ****es: Because if you have had one he has had two!
PS: What the **** is a conjunction!
TMT, this was not pointed at your good self - I think "correct grammar" has perhaps, a little escaped; me during isolation but, didn't think this BB~ was the Covid alternative to the, now cancelled, [ ]A Level English Language exam.....
Popped a few bad punctuation and misplaced wordy to keep your embers burning.....
Have a glass of "chateau neuf du briand" …………
"do you prefer blondes or brunettes?"
wrong conjunction
SP, most posters have good points to make and I'm not taking sides with any individuals.
It sounds like you have a good in-depth understanding of the oil industry (I particularly appreciated you comment on Ven not yet having the "appropriate" knowledge to extract economically considering what the naughty Iranians were up to a few weeks back).
TMT has many valid points as well, but with all comments (probably get in trouble for this one) do you prefer blondes or brunettes?
BBB has many valid points.
We all get frustrated when comments don't agree with our portfolio, or, start getting a little "near to the knuckle".
I have a lot of respect for all valid contributors, however, I do appreciate subjects may become a "little heated" from time to time, but hey, "lockdowns" over now according to BJ, what could possibly go wrong.
Keep the faith, keep the oil and, maybe, consider where the investment is coming from for the "left wing" green tech.
Take care.
Last one :)
TM I have been in Ryad.
Aka no confrontation at all.
Sorry you interpreted that way .
Nothing with TM or you on my side.
Look probably we have different timeframe expectations on the SP . I am happy for another 20 year run and retirement money.
In this scenario I see the price of oil slowly slowly decreasing. Many factors in play ,not only an increasing green economy.
When I mentioned Venezuela I was pointing out that diversification must be a priority in our era. The manipulation of oil prices collapsed a Nation go figure what it could do to a company like BP.
Now quick tour, Venezuela was doing extremely well during Chavez presidency, they nationalised everything and pushed away foreign investors. All good because they were sitting on an ocean of oil.
Problem was that with isolation they never mastered how to get the oil out cheap.
When prices dropped the revenues from sales were not covering the expenses for extraction. now, we are not talking 40 bucks per barrel but well above. The results are under your eyes.
Is Looney doing a good job for BP in restructuring the company and scrapping investment in the North sea ? ( Mind the 20 year timeframe). I think yes,they have run few numbers before making strong statement.
If your timeframe is 5 years I understand your frustration.Manage expectations, good profits are still achievable at current sp .
However If price of oil doubles don't expect the BP, Shell,Exxon share prices to double as well operational costs are the main driver for the SP and every profitable company in general.
Trade futures for a 1 to 1 profit /loss on oil price movement.