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well, goldman called it pretty well really, tho’ unclear still how
much further to go. ... oilies not spared despite earlier falls.
We only have to have a few loaded tanker crews or other critical supply infrastructure being materially impacted by the virus and the Oil price could just as easily go the other way.
BP and Shell have massive debt to prop up dividend payments.Brent @$58/barrel.Not a problem for these big fellas.Keep Calm and carry on as per usual.
The current state of the oil industry shows just how wise the Saudis have been to monetise their oil fields as oil becomes more of a spent force . BP and Shell have massive debt to prop up dividend payments that frankly are no longer being earned. Potentially creating a massive headache for the pension industry. Looks a bit like the last financial crash. Everyone knew it was going to happen but nobody wanted to be first out. The divis look to good to be true mainly because they are.
on the flip side of these big drops, new ISA allowance is just around the corner for people looking for long term entries here.
I think you ask a great question Spikeyj. Indices and an awful lot of stocks are at or near all time highs. Only the commodity markets seem to be pricing things in. I've bought RDSB, GENL, PMO and KAZ over the last couple of weeks and bought BP today as they have all dipped to reflect the current situation. I think they will all benefit from an inevitable recovery in commodity prices when viral fears subside. If the alternative is buying Apple or Amazon on steep valuations and crossing your fingers that everything is OK, I don't want any part of it. I've also gone long on a derivative of the Baltic Dry Index as the shipping market already has risk priced into it. Worth remembering that progress was made in the US/China trade dispute before the virus reared its ugly head. That's definitely a tailwind for commodities and shipping this year.
Good advice. I have a lot in Fresnillo and Goldplat (undervalued?)
goldman suggesting high chance of 10%+ market correction soon,
as folks begin to twig the serious impact of coronavirus on supply
chains ... if they are right on that, would the oilies follow down /fall
even worse, or has oily pricing already been more forward-looking?
meanwhile, shotguns, baked beans & antibiotics tend to hold value well.
Hi Marcus. Sell it all and buy gold. Not advice, just an opinion. ATB Speedy
Got to agree with the more experienced investors below, 100% of your cash in one company seems like a gamblers choice. (but it's your money). I totally argee with you but on the other side of the argument,if you have a portfolio of lets say 30 companies you are guaranteed of always being in the red with several at any given time.If investing was easy everybody would do it.Then again let Neill woodford do it for you and then the same result.Life is a gamble.
Got to agree with the more experienced investors below, 100% of your cash in one company seems like a gamblers choice. (but it's your money).
I'm down to varying degrees across my portfolio, but had it all been in one share I could be looking at a 40% haircut on my capital with no chance of recovery (thanks SAGA and CNA).
As it is the losses are bearable, BP is one of the better losses at the moment if that makes any sense?
Cheers.
BP will announce GBP equivalent on16-Mar-20 this will be based on the average rate on the preceding days (3?) so you won't know until 16 March.
please could some kind soul remind me / point me towards
what exchange rate will be used for the march dividend payout?
tia.
Hold both for the dividend as a long term investment so I can ignore recent price decline, in fact added a few more RDSB today. If the broker forecasts ever come true I'll probably take some capital gains but to my mind even if they cut their dividends in the future the yield is still likely to be far better than holding cash.
I own both and the dividends are great, however there is no guarantee that the dividends will not be reduced at some point, but you can apply that to any divi paying stock I have posted previously that I think Shell are the better long term buy but tbh I really do not think there is much between them Shell have recently gone ex divi and I really think that those are the ones to be buying at this moment in time....