Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
They've been containing it for years in refrigeration before it was outlawed so I don't care what you say regarding containment improvements, is any volatile gas/liquid truly safe. I have seen the outcome of an ammonia leak and it wasn't pretty...…..
IMO, there will be reasonably low spread volatility for the foreseeable, but following recent announcement re write downs, and conservative prediction of future oil values, the ship is steering true north.
We have "green tech" nipping at the heels, it will happen, eventually, but with recent economic kicking to the global economy, not as much cash sloshing around to fund the new starts so oil here for a good while yet.
With an oil major continuing current operations whilst aligning with the inevitable future, what doesn't make sense - rather plan now than knee jerk when it bites them...….
Some may disrespect "the Loon", but he's been around the block a few times and knows a thing or two - keep the faith.
Good Luck All
Mystic, I must take my hat off to you - you are an expert in predicting what's going to happen..... after it's happened. Take a look at your posts on the 8th rallying the troops on the upward trend only to be stating the obvious today on the downward.
I was of the opinion this board was for reasoned opinion, not regurgitating a 1 to 2 hour old change in SP or RNS.
T, you think "V", best of luck - look at the B0E outlook. As far as my current position, it's called playing the game and prudent.
As far as CV19, get a grip with reality. This has driven this current frenzy on the markets for the last three months wit regards initial shock, and subsequent views on outcome. Things are going to get a whole lot worse in the next three months before they get better!!
VK, not read so much BS in a while - I appreciate you must be a 100% holder so are basking in any good news whilst ignoring the whole story - unwise and unfair on the wider posters.
You talk about air travel coming back and "air bridges" - not for 3 weeks minimum (concentrate on the 3 weeks).Any government allowing the borders open freely to all would be committing political suicide.
We then have the dreaded charts on the daily update - which way do you think these will go on infections and the beloved R value in the next two weeks.
The worlds gone mad with R value at just below 1 (allegedly) and thinking everything is OK (during lockdown), but now the world is semi-set free!! Post lockdown, what is your view?
I understand that the "scare" hit is perhaps diminishing from covid but everyone needs to be prepared for a resurgence.
I hold 50% of my available BP pot in shares so have an avid interest but let's keep it real.
IMO, a word of caution. Think about what caused the drop of around 50% in SP in 1 month during Feb/Mar.
There is a feeling of euphoria at the moment with the lockdown being eased and the economy starting to reopen and the market is reacting, as they do, by playing "the game".
But, as per earlier posts, we had an alleged "R" value of 0.9 under lockdown - lockdown being eased, what could possibly happen????????????
As far as the travel industry is concerned, can anyone say they would honestly take their families abroad during the pandemic, who is travelling on all of these flights that are coming back in July, quarantine rules are not "cast in stone" at present, who is going pay £5K out not knowing if they will actually be able to go.
There remains volatility in this for the foreseeable.
Vect, What are you basing this on - I appreciate this is an "opinion" board but continual positive uplift in SP is off the mark IMO.
There are many factors, some of which I mentioned in earlier mail (see below) but with the sentiment around the UK Govt following BJ's b,b,b,b,b,b,bbbbbbb approach to some recent issues, IMO, confidence will reflect the current stance.
When gates are opened on lockdown, take the "brace, brace, brace" position and await the next spike and associated market turmoil - look at the blessed "R" value - it's a ratio of infected against newly infected. Apply it to the incubation and contagious periods and on day 1, 100 cases with an R value of 0.9 = 190 (7 days to go), day 2, an R value of 0.9 = 361 etc, etc - and the R value is during "lockdown"...….
Hope I'm reading this right - sincerely hope not, but...…
Good luck all.
Don't forget the other variables such as Trump & China / Trump & Venezuela. The big one is the confidence taking a further slap if the "unlock" increase the R and lockdown is redeployed.
As for the airlines and travel companies performance, fairly straightforward response to Spain & Greece "kind of" reopening to tourism, however, how many people have already decided that they are holidaying at home this year due to fear, and for many, finances.
Good luck to all.
Agree that there is more "up than down" in BP and hopefully, dividend will be maintained.
What are the views on the big six/seven getting involved in "Earn-Out or Upside Sharing" deals with smaller players taking assets off their hands but not paying some, or all, until the PPB rises above a certain level. The big six/seven have much brighter analysts / brains than live in my head so surely, just reassures that the market will return.
Again, great opportunity for day trading though - think I'll upgrade from spam to egg roll now.