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HI Newersellshell22
I do take your point mate on your glass half full +5% in a week but if you increase your reference period from 7 to 12 days all a loss on where theSP is today, or even 15 WEEKS ago.
You must surely admit that the performance of the SP has been very poor compared to the vast majority of poster's expectations of where the SP would be by now.
Today, like yesterday, was another example of an miserable attempt to make any meaningful, sustainable move up to and, as night follows day, a short period of noticable gain fizzled out each day. This is at a booming time for Brent and other Oilers are performing well.
I really hope that in the next few weeks, months I am proved to have been tooimpatient and my pessimism unwarrented but I fear the SP is so fragile that any hint of bad news or no super billions over market expectations then the SP could stagnate or drift lower again.
That said, I hope all have a fantastic weekend, really appreciate everyone's posts this week.
GLA . MarkGo
One thing to celebrate today -" Let's hope that the share price doesn't follow its daily SUN pattern"
Well, the SUN is setting on Matt Han****'s political career, which is reason enough for anyone in the UK to rejoice!
Markgo,
I think you need to buy a few aim stock my old mate.
BP up nearly 5% this week.......
Come on now....
Today's SP.
Let's hope that the share price doesn't follow its daily SUN pattern.
Rising with the morning Sun and back down at Sunset. Hoping for more that 0.03% today. Hoping but not that confident.
--------------------------
Joke------- WMMG ---------
It's meant to illustrate the joke going over my head. *face palm*
Wheresmymoneygone-------------- It was said in jest---Baz
Thomo1968 - I'm more than happy with the return from (most of!) the funds I'm invested in. They all took a hit at the start of the pandemic but have more than recovered over the last 12 to 15 months or so which is more than can be said for my BP and Shell holdings.
The acid test here for me is when sales volumes recover to pre-pandemic levels. If the share price, at that point, hasn't moved significantly north from here then my cash will be redeployed in one of my strong performing global equity funds.
Good Luck.
Hi there. I am all in between RDSB and BP. When I got my pension lump sum I bought shares in the UK banks, the Hong Kong banks and Santander along with oil companies and IMB. All had suffered from the Pandemic. When oil hit the October low, I sold all the other shares and bought into both BP and RDSB. I am looking long term into investing in Funds. I have selected 10 funds to put my money into but I feel that over the next 12 to 18 months, the oil shares may go back to the previous levels so I am just watching and waiting. Made mistakes in the past and lost heavily when my NMC Health shares were suspended so I have been given a second chance I feel with the oil so I am not wanting to blow it. The gains I have made here has cancelled my losses.
My apologies big, I based it on my first purchase, rather than work it out everything the sp moves or the exchange rate changes. I take your point, although I'd hardly call 1% difference a mindless ramp
'I hate the mindless ramping of the share '' 6% divi would mean the sp to be 250p just saying.
Sell then?
Salesale, resilient dividend at around 6% future buybacks on par with dividend distributions, significantly higher oil prices than budgeted for, returning demand for oil with globally decreased production giving weight to even higher oil prices, one of the more advance majors with regards to their green energy transition. There are alot of positives with bp and the current climate they find themselves in.
I hate the mindless ramping of the share and talk of things that have been, pretty much, categorically ruled out like dividend hikes. But disasters aside you can't say bp doesn't have another 20% in it plus returns to investors
"Is that the 4th positive day……Come on BP…."
Come on Neversellshell22 .
Technically a positive day, (just), but 0.03%. Check the Ftse rises across industries today. BP SP performance was pathetic today taking all the positive news and expectations into account.
For today to be a positive day is a true reflection of how little we now expect as investors in BP to the point that if you don't lose money with BP its a relief and something to celebrate.
I know the mantras, be patient, Q2 results, Jam tomorrow "This time next year Rodders we'll be...." etc, etc
Rant over
Is that the 4th positive day……Come on BP….
Let’s get the full set tomorrow….
What on earth does that mean…
Everyone is saying something different….
Please read what the industry experts are saying
If we want low carbon future, BP is NOT for BUY .
These days when all BS oil companies will stop to invest are coming much sooner than most people expect.
Yes, nearly paid that off…Not….
I think it’s about 10 years to go….
I wonder what BP will settle on 10 years from here….
Wind, Wave, Batteries, Trading, Hydrogen or a mix….
One thing I do like our investments is that once they are built they just need maintenance and keep generating…..
Interesting that Roseneft are drilling big time and we are there partners in some of it…..
Hopefully BPs trading arm properly rake it in too.
Market expectation from the last RNS was a small loss. If BP rake in 2+ Billion in profit, which I dont think is impossible looking on the margin on average cost of extraction to futures back at the end of Q1, in comparison to now, I think we should be firmly in the black. I think Q2 is when the GOMEX compensation fee is crystallised on balance sheet.
patience. We held 295-310 a month or two back. The trend is gradual but its there. This will take off at some point or other. The last time we had such a prolonged trend at this level was back in 1996! GOMEX prices dipped this low, but recovered fairly rapidly.
Had a decent run recently….patience is all that is needed….
Results could be huge……..
Any thought on profit this quarter….4.7$ Billion last quarter…..
Hi Thomo,
Have you any other investment. Sounds like you have a lot in these 2.
Good luck, should be a decent time to buy oil….
Andy - I bought into BP and RDSB in October last year. My October values were 205.13 for BP and 918.18 for RDSB. I have held them, bought more when I received the dividends and I am currently at a 59.24% gain on BP and 57.35% gain on RDSB. I keep watchlists for the shares bought. I bought into both BP and RDSB in August last year when I got access to my pension lump sum and I have made a gain on both on their August levels of last year, I bought BP at 281.37, (16.23% gain) and RDSB for 1162.35, ,(24.37% gain.). I have purchased more BP shares over the winter when I have had the funds available. My total Investment in BP has an average of 223.06, (46.58% gain) and RDSB of 958.53( 50.61% gain). I have made mistakes in the past attempting to trade so I am just going to hold onto them until they hopefully head towards their pre- covid levels. Not in a rush to sell. I will remove a small % of funds on a yearly basis to fund my retirement but I am going to hold meantime. Good luck to the day traders but I don't have the nerves to do this. I read all the articles about both companies and I am sure there will be a good few sets of trading results ahead.
Yes Andy,I did buy in October...October 2018 :(