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no doubt it'll drop due to lockdown sentiment. 180 lowest i would guess at some point but won't stay there too long!
I've got more £ on the sidelines for tomorrow. We're in a good position in the sense that we won't be financially affected by Brexit or the US elections to any substantial degree - (trump - good for oil anyway) (Biden - may ban fracking which would send the price of crude higher as USA is main oil producer.) Whilst I'm all for a lower carbon intensive energy system, I think we're a long way away from enforcing such drastic green policies, oil and NG is too significant at the moment. Great LTH here IMO
Personally i was seriously thinking of changing to an EV this time last year. eGolf. I had a great finance deal & everything lined up; & plans for home charger to be installed everything looked rosy & i thought long term it would save me a packet. I do a 40 mile round commute so the range wasn't a big issue (140miles real world range e golf) & on paper the electric bills looked like they could be much cheaper. However the reality is & what ultimately put me off is the roll out of EV chargers, or rather the lack of them. You get the odd one (always taken) in big supermarket/retail centre carparks & the motorway ones if you can find them charge huge amounts per Kw charge ups. I decided that while i'm sold conceptually on this, it's still too new. Point i'm making is in practical terms petrol & diesel is here for a long time yet but as we can see BP are planning for this change over when it comes (which it will) i'm very confident BP is a great investment. If it drops tomorrow all i can say is buy because i will be. GLA
I'm really unimpressed by these electric whatever cars.
1. You can't out run anything ( should you need to)
2. The range isn't bad if the entirety of your journey is on flat landscape.
3. No one really knows how durable they are ( a petrol car can last you 30 years )
4. No one says anything about how reliable they are , how expensive the components are should you need to get it fixed or even how many ' mechanics ' actually have training to fix the damn things .
What that article doesn't say, is that these funds are more than likely shorting the pants off BP atm too.
Their reason for this is "seismic shift to greener energy will cripple profits and dividends.." .... which has proven to be wrong with latest results from both BP and RDS and will continue to do so imo. These funds deal in profits $$, hard cash, not environmental idealism, I have no doubt they will be closing shorts and loading up ready for the next commodity boom in 2021/2022 at this very moment.
INCLUDING hybrids, electric vehicles only made up 8% of car sales in 2019. Average car age is 10 years old, commercial vehicles even older (and lower percentage electric).
Fuel demand isn't going to disappear anytime soon lets be honest!
This seismic shift everyone is imagining for electric vehicles isn't happening anytime soon, especially with the cost of the vehicles.
Price should fly back up when we are "back to normal", which is at least 6 months away being realistic.
Major City investors are blacklisting oil giants including BP over fears their plans for a seismic shift to greener energy will cripple profits and dividends.
Influential asset managers Fidelity International and Sarasin & Partners said they had serious concerns that energy firms are sitting on assets such as oil fields that may become worthless.
https://www.thisismoney.co.uk/money/markets/article-8900357/Fund-titans-blacklist-BP-green-shift-profits.html?ito=amp_twitter_share-top
& they'll never get rid of it. A CEO getting rid of the divi here would be signing their own P45!
there's always a chance leas. this is all a game of chance. Looney did however stress the importance of a 'resilient' dividend, which suggests it's there to stay at least at those levels!
Paddy you keep posting on future dividend yields but you’re assuming the dividend will stay the same. It could of course go up but in this climate there is more chance of it going down.
talk of 150p BP is really crazy. So £15k investment gives you £1600 a year income indefinitely. I'd love to see it as it'd be the investment deal of the year that's for certain!
Better divi with BP but keeping an eye on that too!
Out of interest are you loading up on Shell ? Im considering piling up there as well
nerves of steel in other stocks for sure. Not BP , it is A rated by all the major rating agencies. With the upside & income on offer from this stock the risk/reward ratio is negligible. I'll be buying more this week for sure. Get in before ex div date to get nice pay cheque for Xmas. & yes i know it dips by 4p on that date!
Paddyboy1 yep, and getting well ahead of myself if (when) they ever reinstate the pre covid dividend that could be £1600 yearly return
In 2 years time I'm sure many will look back at an opportunity missed, though you do need nerves of steel in situations like this.
kince360, the FTSE future was marked down 90pts way before the announcement yesterday, so they were expecting it and is now down 87.1pts atm ... come the morning, all can change of course and usually does so pointless second guessing it imo
FYI
Got this from the BP Advfn board
Markets are all ready down and will open lowerWeekend markets update:#DAX 11498 -1.19%#DOW 26372 -0.90%#FTSE 5507 -1.64%#HANGSENG 24254 -0.24%#GBPUSD 12897 -0.41%#EURUSD 11643 -0.04%#USDJPY 10465 -0.03%#IGWeekendMarkets
for any down to earth investor who wants a solid income investment BP has to be one of the top picks & the current time is ideal to get in when they're at rock bottom prices. Wait for prices to maybe go lower if you wish & good luck, however you may miss the boat. A £10k investment here now gives an £800 per year income regardless of where the SP goes to. That's good enough in my eyes at least!
Quite honestly, I was hoping for something more grandiose, out of the ordinary, sensationalist. We know for example that the energy sector has been trying to muddle the message by the consensus of scientists on the causes to global warming . We know that companies frequently lie about their activities and also exaggerate the benefits of their products and services. That governments and leaders have always fabricated evidence to justify wars, have spied on their prominent citizens and spun stories around top secret projects and will continue to do so.
I must admit to a sceptical bias though, for had you told me that the Canadians had developed a device nicknamed the' gay-dar' for ferreting out homosexuals from their police and armed services , I would not have believed you.
Thanks , I'll take a look
Not making a judgement , simply asking a question. Has any sociopolitical theory once regarded as 'conspiratorial' ever been subsequently accepted by the majority of people and established as a fact ?
Wow... someone forgot to lock the computer room at the psychiatric ward i see.
BTW: PS
BP is an easy buy for your ISA. No brainer
Just stop looking for add 10% bottoming out, things can change fast
Without the ferocity of the language used :)
This was all planned, this is a scam. There was and is a motive by the elite to reset, the elite wants Trump to fall because Biden is an easy puppet, or sadly worse with his health, he’s just a pawn.
If you do not believe in conspiracy theories, your pretty ignorant really, as most conspiracies are true or based on truth. COVID is a smoke screen and professionals that come out are debunked, trolled, stricken off the Register or worse. Because there’s an agenda.
We’ll see who wins this New Age world war, Trump, or............. I really hope it’s not or..
Tacet - You’re an idiot. Delusional and obsessed with conspiracy theories.
Next you’ll be telling us the royal family are lizards.
To suggest the hospitals are empty is ludicrous. I know first hand how wrong you are. Maybe if you saw the chaos from the first wave and the mounting pressure of the second you’d be entitled to an opinion.
By all means, sit in your dark room, with only the glow of your computer screen and keep spouting David Icke nonsense. You’re easily filtered.