Member Info for Chandley-1976

Tech has had a massive run. The DOW is also massive overinflated. How did it get so much higher than pre pandemic numbers?

But yeah, even in recession we will still do OK. The world will still function and people will still consume power. Q2 results will be interesting.

I’ll be blowing 70% of my divi and reinvesting the rest when it lands in June. Then fingers crossed for 450 in Q3 or 4. Then that’s me selling 70% of my holdings.

403 close.

Maybe 400 is a new support level after all.

We will find out in the coming days as you have to suspect that the DOWs sell off isn’t complete yet, based on the state of world affairs.

Exactly….. about £46 a month for 2 months off for a couple of million hard up houses.

Not the ‘BP are rich enough to pay all your power bills whilst you get twisted on Buckfast’, that Rayner and Starmer have plugged it as, over a curry and a beer in between meetings.

Not sure what I think about our potential leaders admitting to drinking on the job even if it’s legal/was actually work, which I’m sure it was. Hardly a rave was it?

Well Bernie very quickly p1553d on Sunak’s chips;

https://www.ft.com/content/41852bd1-4f24-4dce-a914-afd7f0bb0bda

I'm sure that Rishi has no intention of enforcing it, and has just made this idle threat to make it look as if he's putting pressure on the oilers, to appease the relentless torrent of entitled victim-like leftie nonsense.

Shall we all start a petition for a windfall fax on the big supermarkets too?

How about Amazon?
How about courier companies?
How about anyone whos benefitted from circumstance?
How about MP pay rises?
What about JustEat and Deliveroo, especially drivers who've taken big tips for delivering to #10 or an office in Durham?

You could go on all day......

Once again being a millstone and causing us to test 400....

Add to that;

A company who just wrote off 20 billion due to Russia.
A company who despite a strong last couple of quarters, has had a miserable 18 months before that
A company whose dividend is still only 50% what it was pre pandemic.

Lets not just pick on the oil companies, since it's simple to politically associate them with your rising power bills.

Easy ammunition.

Being a millstone again. 2% down since our close. Low 400s again tomorrow then once we go ex divi.

Easy come easy go.

The DOW has been due a correction for ages. 20% above pre pandemic levels at the peak. Silly really. The pandemic may be broadly over, but the ripples on the world economy etc will last a while yet.

As per my post yesterday; John Allan is a massive hypocrite and a staunch Labour supporter, which he needs to publicise if his comments are to be seen as neutral/valid/unbiased/truthful. His views are 100% politically motivated as usual, and since his company has been making massive profits with no calls for extra taxes on his industry, that also makes him an absolute muppet in my book. Stop playing the good cop and just be honest.

I love how the article on his statement was quick to point out that the views are his personal ones, not Tesco's. Good job really, since I don't see Tesco dropping their fuel or grocery prices, or paying extra taxe, hence their profits have tripled in the last year and they were raking it in during the pandemic when everyone could only shop in supermarkets and on Amazon.

I do think that we should pay a windfall tax of some form over the next 2 or 3 quarters though yes, but lets not Labour spin it as 'their idea' and 'we got this done for you guys', or even Rishi. Let the oil companies take the credit, since they would be the ones who did it ultimately, from our own profits. So £500 to each of the 2 million super hard up households, off their power bill. Not in their banks. How many of them have paid their recent council tax rebate directly onto the power bill balance, and how many have spent it on other stuff? If it's on other stuff, that should be illegal. It was given to you for power bills. But then not giving people the choice to spend it as they wish to suit their own bill shortfalls is patronising right? It's hard work being a (almost) political neutral.

Tesco profits

https://news.sky.com/story/tesco-profits-triple-but-supermarket-warns-of-impact-of-inflation-on-costs-12589258

John Allan is just a serial Tory hater, because that makes you a good person eh John? As in most political stances, like when you’re company’s profits have tripled, it makes you a hypocrite and hence even worse than those whom you accuse.

https://www.independent.co.uk/news/uk/politics/generalelection/general-election-2015-tesco-chairman-john-allan-slams-tory-plan-for-eu-referendum-10187367.html

It’s like death by 1000 cuts over there. A slow, gradual, continuous bleed due to relentless selling. Where’s the bottom for the DOW?

https://www.google.co.uk/search?q=nyse%3Abp&ie=UTF-8&oe=UTF-8&hl=en-gb&client=safari

https://www.google.co.uk/search?client=safari&sa=X&hl=en-gb&q=INDEXDJX:+.DJI&stick=H4sIAAAAAAAAAONgecRozC3w8sc9YSmtSWtOXmNU4eIKzsgvd80rySypFBLjYoOyeKS4uDj0c_UNkgsry3kWsfJ5-rm4Rrh4RVgp6Ll4eQIAqJT5uUkAAAA&ved=2ahUKEwitgqLwsdX3AhVxoFwKHaU6BaUQ3N8BegQICRAE&biw=414&bih=830&dpr=2

Battered again

Funny how they didn't mind making TRIPLE profits this year, and have generally benefitted massively during the pandemic, yet there's no calls for a windfall tax on British supermarkets. He's also happy not dropping grocery prices to help out all those people who are struggling that he backs. Just another Labour party member/contributor adding fuel to the political fire whilst doing nothing himself to help.

But I'm at the point where, to be honest, considering how much cash we are making, why not drop a billion quid in VOLUNTARY taxes, to give a meagre £50 a month to every hard up household, and then PR the s&*t out of it as a good cause. Nothing to do with political obligations, not because we've been made to do it, just because we see a need to help the British public. Or, just have every BP filling station in the country knocking 25p a litre off petrol prices for 6 months? But then they'd sell out of fuel pretty fast.

Either way, the muppet at Tesco needs to do what his political mates do, and either practice what they preach, or STFU. It's a shame that theyd all prefer to do neither of those 2 options.

So where are we heading? 390s, or 410s? Oil down a percent. My gut is a 397 open, then a finish in the green.

The sooner that China stop messing about with their draconian lockdowns, the better.

401

Rough day tomorrow if the sell off continues. If that happens then for me, the big boys are convinced that we are looking at a full on recession as the DOW especially has taken a real beating lately. The lowest levels since the thick of the pandemic.

Still, oil consumption is already not as high as pre Covid. At $100, we are undervalued even in recession.

Bring it on. I’ll just reinvest all my divis instead of just 29% of them.

It’s ridiculous. Down about 7% in the US nowZ

So BP is worth about 7 billion dollars less today than yesterday, because oil is down 5% on a given day and China are still locking people down?

It’s legal theft how a few people can dictate that. The markets love it though. Easy way profits. And we go ex divi this week.

XOM down 8%

Oilers getting butchered today. Back to the 300s tomorrow.

The markets love it don’t they.

Ah, how we've missed you.

At least the trading range now looks to be 400-430, not 360-400.

We have strong headwinds coming in the world. Energy costs will drive the cost of everything up, as you need energy to operate, produce and transport anything ie you need energy to make the world work. But energy costs will not go down. The price of energy will more than make up for the decrease in consumption, in terms of profit to the oil companies. It's always Winter somewhere, so some countries such as NZ are already seeing the effects of price hikes. Most of the people upset about a £75 rise in last month's household energy consumption need to consider December and January. At $9, natural gas prices are triple what they historically are.

A global mini recession is coming, driven by the price of energy. Which sector do you want to be invested in during that?

To be fair, we did just close at 419.5 in the US, after the DOW slumped 3%.

I’d call that positive.

It’s as clear as day that markets generally are facing crazy headwinds. Luckily $100 oil is here for a while.