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Charlie,a Macondo 2 would finish the company.
I agree. My think to.
Weebadbaz, I'm not overthinking this. I'm investing on the basis of the dividend and oil and share price. Worst case scenario, BP cut the dividend by 50%, and these yield 5%. Oil at $38 supports the present dividend. These numbers work for me. Each to their own though. Actually worst case scenario would be a Macondo 2, but I've been through one of those already and witnessed the company get rinsed.
"They are here because of perceived risk that us mere wee investors know nothing about."
I think we probably know all about most of the perceived risk here. There's no secrets.
The fact is that some of us are less risk averse than others. For those who aren't risk averse, this one is very appealing. We also have greatly differing perceptions on the likelihood of the risks playing out. Some are very worried, others see the risks as relatively minor, but that doesn't mean everyone doesn't see them.
And also, we have different investment horizons. For someone who is retiring and needs their money later this year, there's a huge risk here. A second wave of the virus could drop BP much lower and destroy them. For someone who can lock their funds up for 10 years if necessary while waiting for a recovery, the risk is much lower -- chances of a recovery some time in the next 5-10 years (or less) is very , very high.
The price is low because a lot of market participants have a view that the risk is not worth it. That's an opportunity for those who think it is worth it and are ready to wait it out.
''Brent $38, BP £3.10. Market anomalies like this should be snapped up.''----------------Then why aren't they?.They are here because of perceived risk that us mere wee investors know nothing about.All the chit chat you get on these boards is exactly that (I am gulty of it as well) At the end od the day it is a guessing game.Will BP be down here forever? nope. that is good enough for me.
yes, the investment case here is obvious... very low risk and all logic points to a gradual appreciation in the months ahead..
Brent $38, BP £3.10. Market anomalies like this should be snapped up. Supply and demand coming into synch. Demand down 30 million barrels in April, 25 million in May, 15 million projected for June. Supply being cut 13 million in June. Russia and Saudi Arabia cannot function with oil priced at $35.
Should see a positive start today as well, these prices aren’t going to last forever and you don’t get many opportunities like these. With economies getting going and demand rising this is only going to go one way. Good luck everyone.
The oil price is on a strong REBOUND and Heading One way THATS UP
in my view BP will do the same
TARGET IS $40 a Barrel first in July with $50/$70 a barrel later this year
Firstly this is due to Production cuts around the wold
MORE and More Storage Space /Tanks becoming available
This comes to one REASON demand is back and building up strongly
More and More cars on the roads around the world
airplanes starting to fly all over the world
china demand for oil hugely picking up
manufacturing coming back online
The smart money Knows BP will maintain its dividends again in the next quarter
with over $32 Billion in the bank and the Oil Prices Heading North in a big way
The Bp stock Price will be Flying High again VERY soon
first Target £3.33 with £3.60 to follow swiftly THERE IS A GAP UP TO 400 PENCE
YOU WILL SEE THAT RATHER QUICKLY IN MY VIEW
Good Luck everyone