London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Smithy- are they still printing money? So your saying the meeting is no concern basically?
That's a very shoot from the hip oversimplified somewhat lazy view. Demand side pull is probably temporary im some but definitely not all areas as there is a year of pent up demand flowing through. However foe example bit coin mining, and scarce earth metals and copper for the conversion to green are certainly not temporary. But supply side some factors are growing in constraint and certainly not temporary.
Be careful with shoot from the hip post like this. They are usually rampers or detampers with no real insight to add, just a vested position and can cost novice investors money. Do not listed to so-called inflation experts on bulletin boards unless they bring some evidenced points of view or insight
Inflation is a temporary phenomenon. Rinse and repeat. Why would they up rates whilst carrying out stimulus? That’s like setting your own house on fire then calling the fire brigade.
If they intended to tame inflation, they will stop printing as much new money and pumping it into the system.
One worry ( of mine anyway ) 2 day fed meeting, amid inflation surge- anybody any idea what could be outcome of this meeting? - interest rates increase? Or? That wouldn’t be great news for the stock market. Any views? Cheers all
I hold a total of 22 investment funds, investment trusts and individual shares. If I go back to Jan 1st 2020 and look at performance to date all have delivered a profit during that timescale with the exception of 2 - RDSB and BP.
I'm beginning to really question as to whether the oil and gas sector, and BP and Shell in particular, have been rerated by the market.
I'm a patient man and will give my holdings in both the benefit of the doubt currently. However, I'll need to see some tangible evidence in positive share price performance to encourage me to maintain my holdings past the end of 2021.
Bigbad
Can't tell you in one line but I try...
Demands, world economic back on track, cash flow increase and share buy back, potential divi rise, oil could go above $80pb this year, turning balance sheet evej more healthy and cutting debt at faster rate than expected, strategic investment in new areas going forward and potential income from getting ride of none core assets, vaccine succes meaning sustain economic rise going forward.... list goes on, to me is truly a joke to think this will stop around 350 because it wouldn't
You want my honest opinion; i read analyst reports but make my own decision and my own fundamental analysis and my own investment, so you know so well how many times they got it wrong, and I may get it wrong too but at least I blame myself and not the analyst I followed, sorry to say some of them truly clueless or there with other agendas.
This is my view and not expect anyone to follow it nor I suggest anyone do that.
I have a long term view here so really medium terms movement really doesn't bother me.
People take profits as this goes up according to their strategy and their needs, and absolutely nothing wrong with that, however i wait for 500 and nothing less before I even consider selling,
Please remember I am only taking a long term view here and not a weekly move so the reason for my predictions.
GLA
IMHO
DYOR
I think you're right about something not being right with poo being at the level it is and bp only at 3.32 however i disagree with the fracking. Too many banks are under green lending constraints now and also fracking is seen as risky lending so i don't think high poo is necessarily a bad thing when it comes to that. What it does help with though is the green agenda in that renewables look more appealing with fossil fuels being more expensive. Only way fracking becomes a problem is when Biden may need to rethink his energy strategy as oil dependence isn't going away short term as far as I can tell energy independence is the goal for the USA so they may need to revisit fracking short term.
I'd love to hold to 5 quid i believe it will get there the problem for me is time constraint I haven't got that long to hold it for personal reasons which sucks but it is what it is. I do wish you guys the best of luck on this If it decides to pull back I'll be back in the near future otherwise I'll sit on the side lines and go for something else. Glencore and the other mining lot are starting to look appealing again.
'I always said we see 500/550 this year and I truly believe we will in 2021.'' Stockready,what is going to drive this over a fiver this year? This is not an AIM stock.Do you think you know something that the analysts don't? Don't get me wrong I wish for it to happen as well but I am more of a realist $74 bucks a barrel and sitting at £3.32 ,there has to be an underlying reason for this.As I said to you last week, if the poo gets out of hand the frackers will ruin it.
Mojo
Good man
Please forget about convictions and what you said etc
Get in there mate
I told you this last week and I tell you this this week, if you come with intension of holding for good 6 months at least then do it (i will hold at least 2 years) but otherwise I can't tell you what to do, and I generally don't
But kind I felt you are left behind and truly wanted you on board.
I have continously said I am very bullish on oil since Feb before even JP morgan prediction I said we will hit 80 pb
And since 6 weeks ago I repeated I am expecting 110 pb in Q2 of 2022
Some people laughed back then
Not sure if they are laughing now!
Will not be stright line rise but will get there
Oil is higb demand and thr alternative hype got YEARS to catch up, so the market shock
BP. is good investment and I am going no where for the next 12 months at least and review again.
If you playing a cycle good luck but as I told you before so easy to miss the boat and then be too late, still not late to join because this will hit 350 sooner than people thought
I always said we see 500/550 this year and I truly believe we will in 2021.
GLA
IMHO
DYOR
I’m definitely and utterly wrong at the min but, you have to have conviction with your calls and stand by them. I said I won’t be a buyer till after June maybe because I believe contract expiries this month will move the entire market. Whether it happens remains to be seen it will go either way.
Maybe but I’m going to stick with my target never chase a rising share
I think you may have to revise your 310 figure.
It's all got a bit excitable since US open Mojo. I've got both BP and RDSB and can't complain!
Decided to cull all my slow moving stuff today as well. Bit of housekeeping. They'll probably all gain tomorrow!
Yowzzer I just saw Rdsb lol wish I never sold that last week. Jheez what options lol.
Looks like oil on the move lack of Iran deal might end up pushing to 40s today at USA open