We would love to hear your thoughts about our site and services, please take our survey here.
Wouldn't mind knowing how many shares the doubters on this thread are in for - if none, go and find another board to harass, if any and holding, fair play - you're entitled to your opinion, if any and trying to keep the share price down to buy in, f**k off.
We can all see what is happening around the world at present and how it's effecting the market as a whole so we don't need petty little snipers stating the obvious and going on to say it's the end of the world.
Skier - if you let me know where you are, I will get an A board delivered so you walk the streets with your message - might keep you off here for a while.....
Skier,
On reflection, I apologise for my out burst and retract it - I really didn't mean to offend.
However, there are many human beings on this site who are invested in BP and know damn well the brown stuff has hit the spinney thing but we don't need our noses rubbing in it (yes I'm one of them who bought in at DWH lows and thought "what could possibly go wrong")
We can all say with hindsight that the signs were there, but how often have the signs been there and it's gone the other way?
To conclude, once again, I apologise for the outburst and good luck to all fellow investors
Spikeyj,
Haven't read such a misleading article since Dr Crippen's defence lawyers response as "not guilty"...…..
Don't believe, don't believe, don't believe the hype...….
Perhaps showing my age from the 80's dance floor.....
Please, please, please stop adding fuel to the fire !! (unless you bought it from a BP station).
It's a bad case of flu that, up to now, is only severe to the elderly and people with underlying illness - you know, a little like our annual FLU virus that we have dealt with for years.
Do you think people with FLU don't cross borders or come into contact with other people - no, the world just gets on with it. Even the government released a statement asking for businesses and public service providers not to panic (probably because Jacob Rees-Mogg and his hedge fund have made their weekly £10 billion).
As far as a cure for the corona bulls**t, it's a virus that mutates, again, rather like influenza, so accept it for what it is, a case of the flu.
The sooner the markets, and more importantly, the general public (sheep), get a grip of the concept, the sooner we get back to normal.
Plus side is the cost of the summer rental villa is dropping inline with the share price...….
Good Luck and be kind
When will the masses stop dancing the brown quickstep media hype and sensationalism and take a look at the reality of the situation. Latest figures state very low mortality rates and only slightly increasing contraction rates - I don't mean to belittle the individuals, or their families, who suffer any loss, far from it, but I don't remember the world going insane over the outbreaks of influenza that happen world wide every year. They say this has no cure - nor do the majority of influenza strains. They "fiddle" around the edges with so called city lockdowns and "self isolating" - talk about "after the horse has bolted" e.g. if one member of a family home self isolates, do they tape up the door and feed them fish heads through the bedroom window - no, there is obviously interaction and then the rest of the family going around their daily business...
Look at the victims who have contracted and unknowingly travelled only to find themselves showing symptoms at the end of their journey - mingled through busy airport (people going everywhere) then sat in confined space for x hours with a few hundred other people - need I go on.
We're either f**ked or it will just blow over - lets not encourage the hype and try and keep some normality.
Is this "cyclic" or is it "sicklic" - couldn't resist....
Anyway, back to glass of petrol - got to keep demand going somehow and surprisingly fiery...
JM, Glad to hear as no offence intended and certainly not directed at you personally, just the general thread.
Good points you have made but with regard to fuel evolution, this has brought its efficiencies as to labour resources required to fulfil and maintain infrastructure/stock. This is why I think the problem (and it is a problem) goes further reaching than just oil revenue - it's rather like your household budget as you need so much to pay the bills and feed the family; loosing oil revenue is like Father losing his MD position and getting a job in Waitrose on the checkouts.....
The point I was trying to make (perhaps vaguely) is that I think the HMG revenue gap to fill by banning P&D within 12 years is unachievable and one of many "sound bites" coming out of No.10. The rate of cabinet change, they can say what they want and then blame it on the next "exiting Cabinet Secretary.
IMO, I can't see how we can move forward with EV until they find an alternative to the resource eating battery. An earlier post highlighted H as the way forward and I agree, but until then, we can all drive around in our twice the cost similarly polluting electric vehicles looking smug but still destroying the planet (heavy, heavy mannnnn!)
As per my previous, and your previous, we are all right and wrong at the same time until something gives.
Best of luck and hope to hear more of your threads over the coming months.
IMO, the internal combustion engine is not dead, long live the internal combustion engine. I can not see where the revenue would come from to replace oils massive contribution that is feasible to collect "fairly".
If we end up in a fleet of driverless public electric vehicles, what happens to the work force from the oil industry, the car industry (manufacture and sales, aftercare, supply industry) etc who currently supply/service sum 50 Million cars on our roads. Manufacture and maintenance of said fleet may pick up a small percentage but the rest have no where to go, thus, no reasonable income.
Then going back to the loss of oil revenue and the cost of using the "driverless fleet", it would probably cost you £100 to get to Waitrose, hmmmmm….
May be this would drive people to pedal power and leg power - good for the green, but bad for the Treasury.
So many factors to consider that the general sentiment in previous threads is right, and wrong - not going to solve this one chaps...……
Any offence taken was not intended.
To the best of my knowledge, "costly equipment / the massive clean up, clear up / make safe costs etc, are factored into original CAPEX calculations. This is then amortised and accrued over the life cycle of the individual operating asset i.e. rig, thus, no nasty surprises at decomm stage. We're not dealing with BNFL here!!!!!
10 years out of date me think!!!!!! Russians may play a part in reasonable %age holding but not the long game. DWH is over and accounted for - why bring it up again?
Appreciate Chinese decline but hey, the world goes up and down. Day traders bogey share at moment but holders need to sit tight - look at 2018 lows and before.
Quick question - how many of you have petrol/diesel cars and need to fill them up next week. How many of you want to use plastic "things" tomorrow?
Unfortunately, the Texas tea is hear to stay for some time and the stupid resource heavy rechargeable car battery sucks - hydrogen cell is 25/30 years off until the oil runs out. Let's get real !!!!!!
IMO
There is also the "not so good side" which is they are trying to improve their P/E, although marginally, but who knows. I appreciate the 200 Mill or so share they have bought back is a slither but a margin upwards on the P/E does wonders for the CFD. IMO
Oil fields as targets IMO is not on the cards. "Out of the oil business" refers to further sanctions placed which caused turmoil for the average Iranian guy on the street. If it does go this way, Iranian public sentiment will turn from anger to resentment to despair when they cant get a loaf of bread for under a $100 and considering oil accounts for around 80% of its exports, sanctions are going to be pretty harsh.
Think there is still further flexing of US/Iranian ego to go to push/swing price in short term but the point made by TMT may turn 180 on Iran as US may see it as an opportunity to crush further threat - remember Iraq 2 and Afganistan.
The cut a long story short, who the **ck knows, it could go either way - suits both day traders (if you call heads and flip heads) and holders alike.
Best of luck
Spikey, Fair play - as I said, don't know, or interested, in history, but agree with you sentiment on boards value.
We cant all be right all of the time (I'll openly admit to that) but sometimes, it's the bigger man that stands down and lets the winger fizzle and the board quickly gets back to normal (stating the obvious - sorry).
Whilst on, what are your thoughts on the detail of the current sh*t storm in middle east with regards the "oily shares"
Are we missing the point here - or what?
Let's see what the next week, if that, brings with current escalation in the gulf. I've seen Korea, SoH tensions for 21% ish of worlds oil, Trump re-election etc mentioned here.
Look at the metrics and historical charts with similar issues and then comment - it's the stock market, there will always be winners and losers.
I see that GS have been generous but IMO, the SP will continue to rise with the current issues, however, what if Trump and the "Iran Man" shake hands tomorrow - ha ha, not with the helo's surrounding Bagdad.
But remember, unless your in the know, DYR, look at information available, look at where Junior Foreign Ministers are heading etc
Finally, don't know history about forum spat but if some one has lost out, don't rub their nose in it - BAD FORM
Don't mean to sound bit##y driftykingy but lets see where it goes - you may have missed the low but sh*t happens and it may come back and bite us pre £4.90ers -hey that's the rub..... I don't mean to offend but a couple of Tio Pepe's with the in-laws tends to loosen the tongue.... Happy New Year chaps/chapesses
Get BP shares now.
The Iranians are seething and going to do something stupid. The Yanks will do something equally stupid. Forget climate change for now, the world needs oil at the moment and the little bit of sea between Iran and the UAE is about to get a little bit tasty.....
Watch out for the Ruskyies though, Putin might take his shirt off again and start fighting the bear or the donkey (which one is the Ass).
Don't think the answer is that simple - you may need to look a little a further afield. Appreciate that BP represent themselves in $'s but look at the situation in Saudi with the recent flotation value of Aramco (following western market downward view) and OPEC reduction in BPD. Something is afoot...… Just my opinion for what it's worth....