Newish to this share and looking at coming in - with hesitation.
Any thoughts on the current behaviour of the "ginger beaver" on securing the worlds supplies of therapeutics and vaccines for covid-19 for the US. The West has played the game with giving the pharms a 20 year play on "Intellectual Property Rights" on their drugs, but one selfish country trying to grab the lot due to their national incompetency stinks.
Be prepared to see a "China Approach" to these drugs as the US have shown the industry for what it is - it's a pandemic playing with lives on a global scale in a very different situation than normal.
Considering the current US stocking is based on a drug originally brought about for Hep C, $3200 per treatment is "f**king" the world over - best of luck G.
IPR will be remembered when this alleviates and perhaps we will have to pay more centrally, but, the problem wont go away.
Teddy, just wondering if you live near a village with a reliance on horses - as you seem to be wearing their blinkers.
On BP, yes, a bit "alien" at the moment but look at where things are going with both oil and green, one is a requirement and one is a tangible goal.
As far as airlines, get a grip! You say you've sold BP and put into IAG - f**k me, look at Airbus activity, Boeing will follow. Why do you think they are doing this now? The travel industry has a three year itch to scratch until things even start returning to semi-normal.
I wish you luck, as I need, but don't try and kill a sentiment because of a bad decision. Let's keep it clean and lick our wounds in private...
RE: surely with the gradual reduction in demand29 Jun 2020 22:12
See, what appears, you are a metal and stones type of person.
Business is business and when people see around the current blurb on direction and strategy (rather like the government), subjects talked about today are quickly forgotten by the "flock" in a week or two.....
Big business has to change with the times and try and merge change in direction gradually to the masses but when they decide left was not the right direction, the new CEO will be appointed and they merge in the opposite direction - and so the rotation continues....
RE: surely with the gradual reduction in demand29 Jun 2020 13:43
Would you rather spend £15B on capital investment or realise £5B in cash over the next 12 months which are going to be a little scary at best. Yes, there's the long term which I fully understand, however, there is also the short to medium where cash is king.
Would you have invested 100% in oil whilst the green destroyer was creeping up your leg?
By no way experienced in this sector but surely the writing is on wall and has been for some time.
Lockdown eased and certain individuals are complete arses by going to these large confined spaces but once the initial novelty ceases, the majority will resort back to "fear factor" once second wave starts to tickle.
Would not want to be anywhere near retail property at the moment.... This brings me to commercial property, particularly in the service sector on which we heavily rely. The numbers men are looking at the facts on operations during lockdown and realised that they no longer need large corporate "bricks and sticks" - look at what the IT giants are doing in the US.
All of that square footage with no takers - what could possibly go wrong????????
TMT, this was not pointed at your good self - I think "correct grammar" has perhaps, a little escaped; me during isolation but, didn't think this BB~ was the Covid alternative to the, now cancelled, [ ]A Level English Language exam.....
Popped a few bad punctuation and misplaced wordy to keep your embers burning.....
SP, most posters have good points to make and I'm not taking sides with any individuals.
It sounds like you have a good in-depth understanding of the oil industry (I particularly appreciated you comment on Ven not yet having the "appropriate" knowledge to extract economically considering what the naughty Iranians were up to a few weeks back).
TMT has many valid points as well, but with all comments (probably get in trouble for this one) do you prefer blondes or brunettes?
BBB has many valid points.
We all get frustrated when comments don't agree with our portfolio, or, start getting a little "near to the knuckle".
I have a lot of respect for all valid contributors, however, I do appreciate subjects may become a "little heated" from time to time, but hey, "lockdowns" over now according to BJ, what could possibly go wrong.
Keep the faith, keep the oil and, maybe, consider where the investment is coming from for the "left wing" green tech.