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Thank you.
Thanks! Thought it was either Iran or Russia.
Spent a lot of time in the area so aware of the geopolitics.. which incidentally I think definitely has been in play for a few days now. Odd that Russia who are dependent on significant oil and gas revenues have been sabre-rattling in the Ukraine, and all this happens, after Bidens oil reserve failed.
Now looks like Biden will play nice with Iran to again put pressure on Russia. In short, Biden needs to suppress the OP, to not only placate his domestic agenda, but an increasingly hot foreign policy agenda too.
Interesting times. I actually think here that any drop will be transitory/short term; even POTUS cannot long term influence a globes worth of market forces.
Going to be a rocky ride. Iran are capable of 5 million BPD and are looking for foreign investment to further develop That capacity. Petrofac could be a good gamble.
Smithy
Yes I can tell you the reasons
There is a talk with Iran to revive the agreement they had meaning have them back to the market and sanction to be lifted etc
We all know how complex that negociation will be and most likely will not succeed but even with Iran back in it means nothing as they are already selling their oil despite the sanction through the back door and black market so the supply is there already
Wouldn't make a slight different longer term as the shortage is massive. It might have a momentarily effect (4 days) but that is only if sold new agreement signed and they are not even close to that. This is happening right now in Vienna and the first round of TALK (nothing signed or will be sign soon) has been positive
This is the reason for the sudden oil drop which goes back up in no times
Iran is a complex country with complex politics nothing gets agreed easy, but in fairness to them they kept their side of bargain till Trump ditched it.
GLA
Wow huge drop what's just happenened
Anyone see why Oil has just dropped most of today’s gains?
Nolimit, if you're looking for a good divi return, try Glaxosmithkline, @ 5.4%
SEE HERE ;- https://www.dividendmax.com/united-kingdom/london-stock-exchange/pharmaceuticals-and-biotechnology/glaxosmithkline-plc/dividends
On 5,000 shares the dividend per annum would be around £820 (that's at an exchange rate of around $1.33 vs £1.00)
No limit, Based on last quarter dividend paid, I think you will receive about £790.
Best of luck with your investments
Jakers
570.....JPMORGAN RAISES BP PRICE TARGET TO 570 (530) PENCE - 'OVERWEIGHT'
5000 ????about a k.
Bought plenty of Bp for dividends. Please would you know the total dividend on 5000 bp for one year. What other shares are recommended ? Thanks
Enjoy and invest wisely
Added loads more of this beauty just this morning together with other stocks on my watch list
I said to everyone loads of bargains out there will you will have a very close window to take a advantage of and I was right on that.
The BS action of this goverment over this new varient now back fired
The plan was to save the sleepy Joe and that backfired as no fund manager in the right mind will not pick up these bargains at this prices while there is absolutely no evidances whatsoever the new varient being of any concern
No death
No hospitalisation
Mild symptoms
Faster transmitting means weaker the virus
No evidance vaccine not protecting
Put all of these together with experts saying it has been over reactions the you see why everything goes back up even stronger than before because market know there are loads of solutions out there and covid is becoming like a average flue with vaccine here to stay for years to come
So don't miss the bargains as market second guessed this amount of utter BS being thrown out by BBC and goverment
Why this is a headline in the first place? Absolutly no evidance of concern with this varient whatsoever
BP heading towards upper 400 soon
Enjoy and invest widely
Sleepy Joe plan derailed
Oil goes up so as BP