Member Info for Argentagold

This share seems subject to controls preventing normal market movements, this mornings drop in face of market firmness in the sector is common. This against the market movement is frequent with L&G in recent months causing underperformance to its peers.. Anyone any ideas?

I think £3 is a fair price here. I have M&G, Aviva, Phoenix and L&G. Since mid January all have risen, Aviva 30%, M&G 35%, Phoenix 32% and L&G 12% all approx.

L&G has highest yield of the 4 now too at 8.3%, SO £3 plus share price is not a bid ask, just to catch up with its peers!

I know which of these four my new money is going !!

Agree with Thorngames not Peter H1 but best to keep to L&G related topics not the ‘orange clown’

My loyalty for BP has finally ended, held through Deep Water, Covid, Rosneft exit, Looney’s renewable swing and then his swinging exit from the Company!

Both my Shell and BP holdings were bought at pre Covid peaks and whenever I have wanted to reduce O&G Investments I have had to sell Shell when they were in profit that is. (but going against the wise maxim of NEVER SELL SHELL). That was 8000 shares but my existing 30k BP holding has never made the pre Covid price of 570 P price. The performance decline continues, In the last month’s rally the SP increase of Shell has simply dwarfed that of BP.

Don’t want my BP shares to go the way of my worst O&G sector investment, Petrofac !!! Best if they were taken over by another O&G Company and get out of the way of British Political meddling and further punitive taxation.

Rant over and apologies to existing loyal shareholders if offended

IMHO Argentagold

Akers, you may have big balls but it’s the size of your brain that counts

My worst experience since Carillion. Down 20k in 6 years and only worth £500 ish now, have sold today to get rid of this disaster company, fortunately my other energy shares can subsidize this disaster. Good bye PETROFAX AND GOOD LUCK, YOU. NEED IT

I thought about Porsche 1946 after today’s share performance. He “Dusnt Like” Brexit voters, politicians, FT100 index, dividend share buyers and UK as well. I might agree on Brexit, politians and FT100 index, but his PHOENIX forecasting this week was as SAD as him.

Bought these shares near 7 years ago and they now show a 97.4% loss. After 7 years of HOPING for a turnaround I have now given up hope. My now £570 investment represents a big hit, last experienced this scale disaster with Carillion. Will keep investment as not much more to loose now.

I HOPE somebody can make money from this ‘basket case’ company.

This company and the w***ers (short for workers perhaps?) who run it make me very angry. My energy shares include Baker Hughes, BP Shell and Shlumberger. Look at the one year history of these shares compared to Petrofac. I’ve had Petrofac shares for 5 years and their value now is next to wallpaper, pre digital of course. Can anyone defend this CREW without being bribed!

My Initial sizeable purchase in 2021 offered a good 6.5% dividend, today’s price gives over 11%, - investment manager has bought £1m and prospects and dividend sustainability look good, confirmed by company bosses, so I have doubled up today🤨

I have interests in Aviva whose CEO is Amanda Blanc. She is also a BP Board Director since the end of 2022. She is also a member of the committee who will decide Bernard Looney’s replacement.

Some of Amanda’s other interests include the Co Chair of the UK Government transition task force. She is also a member of GFANZ, a global financial coalition committed to accelerating the transition to nett zero economy.

Certainly there appears conflicts of interest considering BP’s fossil fuel interests.

Paradoxical, can anyone explain this?

No BUT

Profit orientation and return on capital is the primary consideration when deciding renewable investment plans. (f*** to ESG investor sentiment and climate change activist pressures).

The energy mix set out in BP’s product plan is comprehensive but it needs a robust even ‘growing’ O&G Sector just to fund initial investment into renewables. The renewable range is vast, wind, solar, hydrogen, biofuels, EV charging etc, it’s a matter tweaking the plan along the way, playing the winners and discharging the losers but always being FLEXIBLE and ‘profit oriented’ with long term sustainability as the primary goal.“

A twenty first century ‘energy’ supplier with a long term future?”

If Governments and Authorities are not going to work in favour of viable long term investment returns on renewable projects then scaling back BP operations has to be considered. ( Suggest BP’s UK/US wind farm projects are in jeopardy at moment here!)

IMHO

Just sold half of my well loved Shell holdings as £25 level was too tempting.. With BP and others energy shares I wanted to lower commitment in ‘Energy’. Still think 10% uplift with Shell in next few months is very likely £27.50. Meanwhile have moved 1/3 each into Aviva/Phoenix and Legal & General. All have near 8% dividend and upto 20% uplift in next few months possible here. Just sharing thoughts!

Jamtart1, my opinion of your taxing the royals rhymes with your trading name, hope you were jesting!

Last message should read ‘Ms Truss’ not Ms Trust’. I hope the Trust mist rake proves appropriate description for the Lady and us BP investors.

Ms Trust outlined her energy policy as helping people over the massive spike in energy costs but more importantly to build and secure a long term energy supply base, both fossil fuel and renewable. Any further windfall tax increase or negative policy to the energy sector wold be like ‘shooting here self in the foot’ for this policy.

Remember too the new Chancellor of the Exchequer is likely to be Kwasi Kwarteng, currently Secretary of State for Business and Energy Strategy. He has been engaged recently in trying to promote more gas and oil development in the North Sea. The shooting in the foot analogy would apply to him here as well.

BP and Shell need treating with great respect by the new government admin as they are the MAINSTAY towards a secure energy future for this little ‘post Brexit’ island.

Any thought here?

This game is like roulette except ‘someone’ is tampering with the wheel

I found the Rothschild family are amongst the biggest and longest time holders of this mining company (BHP too). I thought I would follow the wise money so bought 600 shares on the dip Monday, saving up for more and won’t be selling in a hurry like the aforementioned. Good luck to all.

Douglaapeterson
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Can’t be surprised by the boards decision on Rosneft exit, really had no option although surprised by speed of their action. The gravity of this invasion would have made BP as Big a Pariah as Russia and Putin are going to become. We would have had a constant ‘The oil Company that is fuelling Russian tanks’ on the media and in parliament. Not helpful to forecourt sales.

The shares would have ‘tanked’ on that alone. I’m hoping the write down will be no more than 15% tomorrow. As a large holder at over £5 per share that is very painful but dividend should be in tact and SP should improve in time.

Perhaps Chinese Big Oil will snap up this bargain holding, Rosneft an oil company with about the largest oil and gas reserves in the world. It would make Mr Putin HAPPY for a Chinese buyer but another nail in Brexit Britains coffin.

ALL IMHO