Member Info for Alibro

Both concern me and should concern everyone.

Ask the guys who run the national grid and the answer might surprise you.

Whether it's Oil, coal or gas generated because of economy of scale it's still better from an emissions point of view to drive an EV than a petrol car.

Renewable generation is continually being rolled out making the grid cleaner every year so it's a moot point.

Which is better, Petrol or electric? It's a stupid question because it depends is the real answer.

In a city electric is better for multiple reasons so long as you can charge at a sensible price.

If towing petrol is better.

If you can charge at home then electric is better for 90 odd% of people.

If you can't charge at home then petrol is better for most people

The big thing is petrol engines are never going to get much better or cheaper than they are now whereas batteries are improving at a rapid rate so in 10 years (ish) nobody will be asking this question because petrol cars will no longer be an option.

In the past when JOG dropped this low it was able to pull a rabbit from the hat and rocket back up.

For the sake of the share holders I hope they still have a rabbet or two left but I'm not buying in again.

I can't see the article as I'm not a subscriber but I'm assuming somebody (and/or we the tax payers) lost a lot of money trying to build a battery factory. It's a pity some people are so short sighted that this didn't work but in the scheme of things it's small fry as in world terms what happens in the UK is more or less irrelevant. A place where new car sales ARE relevant as 1/3 of all cars sold worldwide is China. Recently they passed 50% of their new car sales being PHEV or BEV and around 75% of that >50% was BEV.

If you like big numbers check out the debt of VW or Toyota or most of the legacy car companies.

Cars are often bought using PCP's which go down in statistics as 'fleet'. The numbers you are quoting are not accurate.

There are many reasons why sales of certain types of car fluctuate but as you said the general trend is toward BEV's. I recently bought one (used) and absolutely love it. It costs a third per mile of my old car, a C Class Merc Estate diesel that did 50mpg average and is comparable size and shape. The EV is a MG5 Estate and it would be even cheaper to run if I were in an area to get cheap Octopus EV tarrifs.

EV's are far from perfect and in many cases like towing are completely useless but for most of us most of the time they are better. With any new technology there are growing pains but there is no point standing in front of the tide and commanding it to stop.

I argued a couple of weeks ago that in a few years oil demand would start to fall and when this happens the fall in demand will be rapid. That is why the world does not really need JOG.

Time will tell if I'm right or not but in the mean time I'm staying out.

I'm not sure where you're getting your figures from. EV sales are still growing worldwide including USA. A 30sec search produced this

According to recent data, electric vehicle (EV) sales in the United States continued to grow in 2024. Here are some key statistics:

Q3 2024 EV Sales Totals: A total of 346,309 electric vehicles were sold in the United States during the third quarter of 2024, representing a 25% increase compared to the same period in 2023.

Market Share: Electric vehicles accounted for 16.6% of the total luxury vehicle market and 7.3% of the overall light-duty vehicle market in the United States during Q2 2024, with Tesla holding a 48.9% market share of electric vehicle sales.

I had a very similar experience to you up until the last year or so, I was losing money every time I bought even when the stock markets were going up, then my brother in law suggested I watch Joseph Carlson on Youtube. What he said made sense (Buy like Warren Buffet) and the results were there to see so I started buying based on his suggestions. The first stock (Costco) has risen 76% and payed out dividends, 2nd (Intuit) is up 25% plus dividends, 3rd (Salesforce) is up 35%, 4th (Netflix) is up 37% and the rest are either break even or up a little.

I was buying at a time when the US stock market was rising so you can say I was lucky, and they can all still fall in value but with the current gains it would need to be a major crash to put me in the red.

Basically what I'm saying is buying mining companies and Oil & Gas is more like gambling than investing unless you are either very smart like Dick or very lucky like I was when I bought back into JOG just before it rose from 60p to 300p a few years ago. It might happen again but I don't feel like I'll be that lucky a second time. I still loiter here because I have a soft spot for JOG as it was my first and still to date my most profitable purchase but I'm completely out now.

I'll probably get a load of stick for this post from Dick etc but I don't care, if this post helps just one other person to avoid throwing their money to the sharks in AIM then it's worth it.

Good luck all

Hello Mr Uppem

Thank you for your considered words.

I agree that oil will be needed for many years to come and while it may currently be increasing in demand, I believe it will soon (in the next couple of years) peak. How quickly the demand falls after that depends on many factors but China is the biggest consumer of oil and I fear that for political/military reasons they are pushing harder and harder to wean themselves off the stuff, as much as possible anyway.

When Russian oil comes back online properly and not just for the Chinese and Indians it will have a downward effect on the price and with so much oil sloshing about the world large oil companies will be reluctant to spend the money required on JOG.

Unlike yourself I'm often wrong so take of this what you will, my mentioning Costco was not to suggest how smart I am but rather putting my hard earned cash into a proven company with growing earnings might be a little more sensible than playing the oil and gas lottery. I've been there to many times both making and losing and do not wish to return.

From bitter personal experience I can say that listening to anything from Malcy is guaranteed to result in loss.

Much better to listen to what he says and do the opposite.

I sold out of JOG last year and used the proceeds to buy into Costco. Why? Because of weeks like this one, rapid gains on some piece of news followed by slow (or not so slow) declines which has been the norm for JOG for years.

I was sorely tempted to buy JOG when it was under 50p but resisted. When the price soared I felt a bit stupid but now not so much, the fall back was entirely predictable.

Since buying Costco it has risen over 60% and is still rising slowly, also I get dividends which are nice. The best bit is I can sleep in my bed at night not worrying about imminent disaster.

You pays yer money and takes yer choice.

Good luck guys but here are a few things to bare in mind.

The price of oil is currently fairly low, the war in Ukraine will probably end in the next year or two freeing up Russia to sell again, China is in a bit of a slump so using less oil but more importantly is spending billions rolling out solar and wind and also switching to NEV's (over 50% of sales and rapidly rising). The result will be a slow decline in the amount of oil required over the next ten years therefore unless the Middle East goes crazy the price is not likely to rise any time soon.

But the biggest question is does the world even need JOG's oil?

Probably not.

Just my musings for what their worth.

JOG has had a long record of soaring on news or rumour then sliding back over weeks and months so MT may be right that the SP will fall again to the 50's or 60's.

Or he could be completely wrong and it could soar again on some new piece of news.

In my opinion FWIW JOG is a gamble and should be looked at as such.

Huge congratulations to anyone who bought in at the bottom of the dip.

I dumped the last of my holding at 99p on the way down with some loss but didn't go with my gut to buy back in when it was in the low 60's. Hopefully for you guys the price will climb as it has in the past but I won't be investing/gambling here again. I've been bitten here too many times.

GLA

Morning Dick. I'm privileged to be the butt of your wit. ;-)

My holding might be small but that means gains are good by comparison. It also means if things go tits up like happened (more than once) before I won't have lost my shirt and the Mrs will still get fed.

My investing strategy might not have reached your levels of glory but so far it's holding it's own. I first bought JOG 7 years ago and I'm still around which is more than can be said for most of the so called 'long term investors' who have disappeared shirtless.

The way I see it there are only two ways to make a decent profit in JOG.

1, buy at the start when the price was pennies. You may have managed that trick but the rest of us are a bit late.

2. Buy when it is cheap and sell when it is expensive.

How to define cheap is the trick here and rightly or wrongly I've decided 150 is a good price.

How to define expensive is the next trick which I still have to figure out but the last 5 years would suggest anything over 250

Why am I bothering to mention any of this?

Unlike most posters here I am not convinced JOG will make me rich, history would suggest the opposite is more likely so perhaps these words might act as a warning to someone out there thinking of pouring all their life savings into one basket.

For the last couple of years I've been saying 150 is a buy in or buy back or top up price. (take your pick)

It looks like at least someone agree's.

It's not often I buy the day before a rebound. OK it's only 8% but I'll take it.

With my purchase yesterday I'm back in black and here's hoping it's not a short term gain.

I said a couple of days ago that JOG was due some news that would boost the price so maybe this is the start of something.

Here's hoping

GLA

I've never claimed to be a long term holder so I haven't been as badly effected as many.

I've always jumped if I thought the trend was down and bought back in if I thought the trend was up.

With my recent purchase I'm now down around 9% on my current holdings (up by several grand overall) so it looks like I bought a falling knife at the wrong moment but I'm very hopeful of a decent return now.

We must be due some news to spike the share price again.

Almost 4 months of steady decline so if past events are anything to go by this must be an excellent opportunity to top up again.

I couldn't help myself and bought a few more at 149.

"I think the numbers would shock us all - You would think the "benefit office" would be able to check out some, if not all of the "living styles" you have listed above - post the election Labour will cheerfully enhance these benefits, it is in their DNA."

I think if you have ever been to Benidorm (or similar) and seen the tattoo'd low life's, lying up, drinking and smoking (or vaping) around the pool you wouldn't be even slightly surprised.

I know a girl living on benefits.

She claims she can't work due to 'mental health issues' which is complete b0ll0cks and is basically the new 'bad back' for the chronically lazy.

She deliberately (just my opinion but I'm sticking to it) got herself pregnant twice

She has a house paid for by us

She has disability allowance paid for by us

She has income for each of the children paid by us and the father

The grandmother of her children works in the Jobs and Benefits office and recently told us she has an income equivalent to earning well over £20k so with all the benefits she could never earn more by working.

She spends more money on cigarettes, Tattoos, bottox and having her nails done than many do on food.

And recently she started taking driving lessons as she plans to get a car on mobility!!!!!

I would like to know how many of the people in the UK currently classed as 'in poverty' have a contract for a new mobile phone and how much they are paying.

And how many are paying for Amazon Prime, Netflix, Sky etc.

And how many go on holiday to Spain regularly