Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Haha, yes it will be closer than people expect. We talked market manipulation the other day. Trump is an expert on election result manipulation LOL
Paddy,
Indeed. I agree. That's my biggest concern too. Less so who wins. Trump has already indicated that he might not accept any defeat due to a record surge in postal votes. But that's the last thing we or markets need. So if Trump wins, whilst I'm neutral on him (ie. no fan, nor hater), so be it & we can all look ahead. But I suspect it may be closer than some think.
The main thing is the US avoiding protracted legal wrangling. A huge stimulus package seems sure to follow.
Oil stocks will be fine over time. Holders just need to stay calm & keep their heads. Avoid rash selling at what's close to 28 year lows. - GL.
Just found Sleepy Joe intends to hike capital gains tax also.
Folks that do shares don't want tax. Especially corporate tax. Because that affects the bottom line.
i do think the Trump challenge is a very serious possibility too. Can't rule anything out with that bloke!
The Atlanta Journal. Somebody put the page on Twitter. I presume it is genuine but dyor.
Jack, today should mark a turning point (both big UK majors now results out) People seem to forget that the US elections is about more than just politics. It's big business. All those politicians have vested interests & global oil represents a huge chunk of that. Personally i don't care who gets in the White House. Just get in there & get on with it!
N.B what would be bad is Trump losing & challenging. We'll be stuffed over then for a while!
Comparing Biden tax plans vs Trump policy
Corporate taxes
T 21%
B 28%
Income & payroll taxes
T 37%
B52%
Small business taxes
T 29.6%
B 39.6%
Divided taxes
T 23.8%
B 44.4%
Obviously this will apply to the BP ADR in America.
These figures were from a quality paper. Back in a minute. I'll find the name of it. I don't know how true it is but Dems tax higher every time.
Paddy,
I agree. I'm no admirer of Biden or Trump. Wholly neutral. But just getting the uncertainty of US elections over with seems key to global markets recovering. Including the woefully poor FTSE that follows like a dog whenever US sells-off, less so when it shoots up.
Huge stimulus package will follow. For all Biden's anti-oil rhetoric, it is just that. Oil is far too big a business in USA to be meaningfully replaced anytime soon.
Worst case scenario? US election result is a very tight result & Trump refuses to go, but tries to fight it in the courts. That added prolonged uncertainty would be disastrous. It'd delay stimulus & then we're all facing further financial losses.
I just hope there's a clear outcome on 3rd November. Get the uncertainty done with. - GL.
PS: Good to see other oil stocks confirming dividends today. Hopefully oil sector is very close to the bottom.
What matters is get the election over & done with. Remove the uncertainty. Oil shares always rise after US election. will go up more with Trump but will go up regardless. that's all that matters!
My target is £5.50 for BP. When it gets there I will be quite well off. I have been doing shares for over 20 years. My worst ever was Taylor Wimpy £1.60 and it went to 3pence for one day. It went right back up and I sold. I had 20k in that beauty. Nerves of steel. BP is going UP!!!
It's an election that decides a lot.
Democrats represent the crooked mm and the "say one thing but the exact opposite".
It's s choice between hypocrite Dems or blunt republicans.
Trump is better for markets and bp.
If yes goes with left, bad times ahead
I have been here just over a month actually and I'm genuinely invested in BP. Quite a lot actually. I'm holding.
The election is everything to these shares.
I haven't heard 'twaddle' since the clone wars. That was almost a lifetime ago.
I think you should learn a bit more about Trump before printing that twaddle.
If Sleepy Joe wins the election he'll be out the door within days and Kamala Harris will be in charge.
The MSM won't report on all his dodgy dealing although I noticed the Daily Mail is starting today.
Bit late. 70,000,000 already voted.
Joes son Hunter has been getting into all kinds of bad stuff from what I'm heard and would leave Joe Open to blackmail.
They can't have that.
President Trump is not the nicest man around but he is a million times better than the crooked Dems. Pray he wins...