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A lot of long term BP holders are now in too deep in paper loss. It’s only money and tomorrow is another day. It will take years to recover to £4 ...or worst case scenario, Lloyds penny stock price. Heaven forbid:(
I lost over £50k last year holding onto to paper losses in SXX and Yu Energy. These days I cut my losses £500 max unless the price chart is upward trajectory. All my stocks are BLUE:)
It is not too late to recoup your losses by Xmas. Tullow is in a better recovery position than BP/Shell because it has hit the bottom and I’m 19pc up today and the only way is up.
Buy AO World, NCYT, ASOS,GAW, Future, LSEG and you will be significantly quids up by 1st January!
Stop chasing CV19 losers!
Electric cars are not there yet, the manufacturing and sourcing of materials make them arguably less green that conventional combustion engines. It will be a long road to green energy and BP will adapt as a when it needs to. There's huge value in BP sub 200p IMO.
Such terrible thinking.... banning petrol cars. Once the selling has been exhausted we moving upwards. I am not worried, BP and Shell will be fine, more than fine. Buy cheap and sell high, not the other way.
''Forgive me - weren't you the "eejit" talking about BP dividends on 19th Oct?'' Moi?, somebody on the Shell board mentioned the date and I mentioned 27th.You never heard me mentioning divi's.NOW aside that,read the post.Everything is relative,that is what I said.8% sounds good at todays sp but not for the majority of shareholders.
some punters on here wont have been born when this last went below 200p. I don't think this is going to open at 160p but I see no reason why it cannot fall to that level. More about what will replace oil as petrol cars are banned etc. BP seems to have little strategy for the future. It takes vast amounts of selling to push this down 3 to 4 per cent. The instits must have lost some confidence.
wow...how to look stupid....think before you type.....160...jeeesus
Read the full post . I dont think it will open anywhere near that .
Forgive me - weren't you the "eejit" talking about BP dividends on 19th Oct? How things change - be careful near Christmas dude...
Hi Appleby. "Open at 160p in the morning" How on earth can you justify a statement like that, pure scare mongering. Speedy
Appleby have a look on market screener as it shows strong support in the 160's. The point against it gong there is that forward PE for 2021 is just 6 times earnings. Around 250p is 10 times where it would be normally. So the trad is wait and see if its crazy enough to go to 160's and then average down below 250p and wait for sanity pricing of energy stocks. If we get such low prices for energy and energy stocks the entire economy for everything is in the toilet.
''With 8% dividends this is def a good buy at these levels ''They could half the divi again,The sp Could then drop to £1 which would bring the new divi back to 8% again.A new set of eejits would then say 8% was a good divi.Everything is relative.
Agree cant see anything to suggest 160p other than market maker greed and that will be short term . Gone back 25years on charts , cross ref to oil price and dollar/ pound .
Watch it open 160p in morning .
Big moment for BP to go below 2 quid. Inevitable I suppose. The turkeys on here saying 1.60 are just guessing and peeing in the wind. With 8% dividends this is def a good buy at these levels - I will take more shortly. Used to fancy ENQ and PMO and TLW - not anymore - way too tricky... BP will be fine - Just as long as they maintain the lower divvys...