Member Info for Chandley-1976

'Renewed' recession fears;

https://www.bloomberg.com/news/articles/2022-07-05/s-p-500-tumbles-as-renewed-recession-fears-rattle-wall-street

What do you mean 'renewed' . One day its fear, the next day things look less worrying, then fear again. I call market manipulation and people cashing in on staged volatility, either way.

“The economic data was a bit of a mixed bag last week, at a time when it is hard to know if markets would prefer strong data assuaging recession fears, or weak data to slow down the Fed’s rate hikes,”

Make your mind up!! Get the Dow down to 27000 and the FTSE down to 6000, or let us crack on.

That's my issue. It should be illegal. This isn't the AIM. Company share prices should accurately reflect the value of the company.

Shell has lost 6.7% today, in one day and still falling. That about £10 billion quid off the value of that company as a whole, in 1 day.... and why?

Yesterday I saw an article saying that a drop in Russian production could lead to oil prices of $200. Its all just stages noise, blatant manipulation, and easy buying selling.

376..... now. Insane. No doubt tomorrow it will be a 15p rise when crude rises 1%. Joke.

Absolute mickey take. Crude and gas prices are heavily down, but still $110 for Brent. It's akin to dumping the SP of solar energy companies when the sun sets. OTT rises, the big boys sell, OTT falls, the big boys buy.

Why are we not all trading this guys?

The market wide sell offs continue.....

Because the big boys make money from buying and selling.... not just buying. They need the volatile swings, and with the way things are at the moment, BP are not the only company making record profits.

Easy come, easy go.

Same yo yo cash grab....

Q2 results in 4 weeks....

Oil is going to rise from here, it’s a given;

Saudi not wanting to raise production. Shortages everywhere. $150 is likely before this is all over and BP falling back from 450 to 370 in no time, was staged robbery by the people calling the SP shots. This type of day to day yoyo volatility based on next to nothing should be illegal in the FTSE100. It’s not the AIM. Anyway….

All eyes on results. They will be monstrous and with Q3 looking similarly rosy in all but worries over economic slowdown, it’s looking like a stunning year for oilers, which is well deserved after a dismal 2020 and 2021.

More uproar and cries of unfairness to follow from the people who actually think that the cost of living crisis has fully landed yet. It hasn’t.

Oil doesn’t get to $110 without a supply shortage.

It’s as clear as day that this is where we stand now. And long may it continue.

Sunak will be slapping us with more taxes in Winter when people really start to feel the pinch.

https://oilprice.com/Energy/Energy-General/Supply-Disruptions-Drive-Bullish-Sentiment-In-Oil-Markets.html

Out performing today due to;

https://stocks.apple.com/AHxlFksl7QJ23PsUyY50rig

Come on Looney, get that Rosneft stake sold back to Russia or China for 5 billion. Handing it over for free would be criminal.

Peter, the reason that we had such a good run to 450 recently, was due to high oil prices. Yet those same high oil prices which are the main driver in inflation, are holding us back. So the oil rise is neutral in terms of impact as you say.

But, ultimately, our profits are all that matters. If we report numbers anywhere close to Q1's in a month, it's going to be a right kerfuffle if we don't sail past 400 again once its confirmed that profits didn't slow down in Q2. 400 should be a baseline number at the moment and in fact we are lagging peers by some way, as they are largely back to pre pandemic SPs.

First it was a deflated SP because of worries over the profitability of our green direction, despite that being a long long term vision with us still being very heavily invested into the black stuff. That was why 500p was miles away.

Now its inflation worries, even though our industry and its profits are part of the reason why inflation is crazy.

More...

It begs the question, what would the SP be if oil was 'only' $75, a very healthy price.

350?
320?

Joke.

380 again today guys.

The staged money making yo-yo continues!

Come on Bernie, get those divis up... its the only way to get the SP back to old levels. Gazprom just cancelled their 50% of profits back to shareholder policy, and the SP hasn't liked it one bit.

https://www.ft.com/content/8cbfc961-cf57-4c71-96ca-bb144c6dd676

If we are sat here under 4 quid with $120 oil, making report profits, making massive buy backs, with that set to carry on for months, something needs to change.

The SP should be 500p at least, right now.

Agreed Charlie. BP need to remember who they work for; shareholders! The people who own the company.

Every time I drive into a BP filling station and spend money, not only am I a customer, but an owner of that company. The guy behind the till who's less than courteous and asks me if I want a reduced chocolate bar with my diesel, is one of my employees, indirectly. Im not expecting a 'Hello Mr Chan', of course not, but the principal remains.

Sure, perhaps a slightly arrogant way to look at it, and as relative peanuts in terms of our investments, we have no way and absolutely no importance to BP, but it's the truth.

BP should be about shareholder value, doing what's right for the planet, and serving the people who pay good money for our services. That's all.

The fact that we will buy back around 7% of our own shares this year, will beg the question how are we not well over 400p after a year of $120 oil.... that's going to be a very tough question for Bernie to answer. Ie, where's the value of that 7% to shareholders, whilst you've been paying a slashed divi that's 5% below inflation, amidst record profits......

We want profits via share price, or divis Bernie...... you pick.

FWIW, the share price has grown over the last 2 years. Based on today's close SP being circa 395, quarter end SPs will look like this, and it looks a lot smoother than its actually been;

Q3 2020 £2.25
Q4 2020 £2.57

Q1 2021 £2.95
Q2 2021 £3.15
Q3 2021 £3.40
Q4 2021 £3.30

Q1 2022 £3.75
Q2 2022 £3.95

A steady yet volatile recovery....

Vote buying, plain and simple.

Ah well, £400 for every household, even rich people..... 200p diesel for a few months would sort that out... ah wait a second........ Morons. Nothing is free.

All those people who thought that a year of 80% furlough was free of cost are now moaning about everything being 10% more expensive. And it's all taxed so all goes back into the coffers one way or another....... shock eh?

Reporting that; Windfall taxes will send bills higher, quoted by Lightsource BP.

As I said weeks ago; don't bite the hand that feeds you Rishi and all the freeloading lefties he's now aligned with seemingly.

Somebody has to pay, and why should it be the company who already pays billions, has had a terrible 2 years in profits, and just wrote off 20 billion.

FTSE futures up, recession worries passing (no doubt for 2 weeks and then same again), oil up...

We should test 400 again today.

167 shares at 3.76 mate ????????

Decided to reinvest 55% or it and enjoy 45%.

Also not a conspi******, but it’s as clear a day that the money which was shelled out for furlough and all that, had to be repaid somehow.

That’s not conspiracies it’s just plain economics.

So once again the SP has resorted to being just responsive to oil price moves.

Let the good news come at Q2 results.