Member Info for Chandley-1976

Rosneft...

The plain and simple fact is that we are entitled to the dividends from this asset, as a large shareholder. Until we are no longer a shareholder, that should apply.

It's a bit more complex than closing a few burger shops and paying off franchisees, just to appease governments and look like good guys. And there's just no way that we can hand over $20B to Vlad for nothing. That would be more immoral than continuing operations and helping them to make money.

We need to dispose of the asset eventually, and somehow retain the dividends to be transferred as part of that deal, even if they don't come back to BP directly/we are not working with Rosneft anymore. They still have value to the tune of billions. I fully expect that we will see said value one day, even if it takes years.

https://oilprice.com/Energy/Energy-General/Wall-Street-Is-Increasingly-Bullish-On-Energy-Stocks.html

Flat day I reckon. The US rose a % after our close on Friday but the oil drop should cancel that out.

Exactly, so when you hear Truss going on about how investing in UK energy will make it cheaper, it’s not entirely true. The prices will still be those of the global markets.

And you can bet your bottom dollar that once fossil fuel use falls/consumption is very low in years to come, the cost of green electricity, despite it being cheaper to consume that now; all of those savings won’t get passed onto the consumer.

It will just mean that the people producing the green electricity make more money. It’s a long way off anyway.

But there’s two things you can do about it; be a lefty and idly moan about how unfair it is. Or get involved and profiteer from the inevitable. Or go one worse; be a champagne socialist and moan/pretend that you care, yet get involved and profiteer from it too but don’t advertise it. The worst of the worst.

Which side is right? That’s all a matter of objectivity and you can easily argue that both are. But ultimately, moaning and yet doing nothing to help yourself is a waste of time. It’s almost as fake and deceitful and the above.

Send her victorious

Do I work with BP? How many shares do I own? You never know.

Finally filtered….

Absolute mug.

Energy prices are the reason for the recession;

https://oilprice.com/Energy/Crude-Oil/What-Recession-The-US-Oil-Industry-Wont-Stop-Growing.html

We are in as safe a place as possible.

Still reeling off the same old hateful, ungrateful, overly critical, self serving garbage;

- Bernie’s stupid comment that we are a cash machine. Ill give them that one. It was mindless to say that.
- Bernie’s also moronic comments that windfall fall won’t change UK investment.
- UK energy firms will make £170billion in the next 2 years.

Why are none of the MPs putting this clown right, since surely tons of them own energy shares are laying down the facts that even Starmer will already know, forgetting his purposely venomous claims;

- BP has changed position on not reconsidering investing should we be taxed more in the UK.
- Our profits are about $10b a quarter. In real terms, up about 30% from BAU.
- Out profits for 2 years before this year, were dismal. Nobody cared when Covid decimated prices and we were making massive losses.
- We wrote off $25b in Russia this year
- And the most important one; UK windfall tax can only apply to UK assets anyway, so even if you taxed the oil firms at 100% income tax, would raise about £250 per household per year. Hardly the silver bullet to sort it all out and give everybody inflation free power. Ultimately, a lot of people need to take their medicine, and the government needs British companies to invest in our self sufficient energy movement. Only 2 UK companies can do that. But lets tax them 100% of their UK profits to do it? Mindless nonsense to just appeal to the clowns who cant even spell BP let alone understand how things work.

Bunch of moron in parliament, but whys nobody saying this to shoot the clown down? Nadim Zahawi will know. He's been a NED at oil firms before......

445 close over the pond. Recession/inflation fears suddenly eased due to falling oil prices……

Moments after that also caused a fall in SP.

Lunacy.

It’s a general fear of global economic stagnation. China is only part of it.

The cheaper we go, more shares the dividend will buy.

Recessions don’t last forever.

Same old same old.

Yet OPEC are convinced that demand is strong and will be for a while. All the major banks still see $120 crude again in the medium term. So who do you believe?

Putin taking about turning all the taps off. Winter coming in the west too.

Yet somebody thinks that crude should start with a 7 or 8?

Big test for BP etc coming since we are very reliant and super volatile in line with crude prices at the mo.

Over the next 2 or 3 years we can expect to see a general move away from all Russian energy. In between now and then, we can expect pain though, as new sources and routes won’t happen overnight.

And China, India etc will still take it off their hands though.

It’s just going to end up being a massive east west divide.

Retirment..... from experience, people who talk about how much money they make/have, 95% of the time, are not doing as well as they suggest.

A lion doesn't walk around telling people that it's a lion. It doesn't need to. It just wakes up and spends all day bossing the jungle. Empty cans make the most noise.

Based on much of what you say, I suggest that's the same with you to be honest.

Spot on Zac.

A 700p target at 450, is lunacy on a FTSE100 share. Thats AIM talk.

475 is the target. Im broadly out when it comes. Nov onwards would be nice, to get that divi in the bag for Xmas.

Make that the 430s...

Oil is now the same price as before the Ukraine invasion......

As I've said before, whos really losing the war? Seems to me that everyone is.

Back again today as oil and gas prices are under pressure

On track for the first ever post pandemic close over 460.....

And oil still isn't really all that expensive. $100+ will come.

Agreed Charlie. Since getting back in during Covid, so Aug 2020, apart from the last time when I took out 1/3 of the divi to spend, I’ve reinvested the whole divi.

I’ll probably do 50/50 in Oct. I’m selling 55% of my shares when we hit 474.8p. The dividends on the rest will probably also just be equally split between reinvesting and enjoying.

Balance.

All the market making crooks who forced us down to 428 the other day probably set auto sells for 449.9.

It’s just one huge game. How long before we have another go at 470 again. Could be tomorrow, could be next week, could be October. But will we have another go at it.

China is still locked down, oil is still under 100, we will still officially go into recession soon. What’s changed since Tuesday?

One massive game as I say.

I get that, it’s been a rough few years.

But just because people haven’t had a holiday in a while, doesn’t mean that they should then take one if they can’t afford it/when you’ve had months to plan for what’s coming. It’s just entitled nonsense.

My wife, who’s a touch more liberal than me, pointed out today that lots of those going on hols are prob just finally redeeming their cancelled hols from the last 2 years which were paid for ages ago, so in many ways have had to go. The proof in the pudding will come next year.

My point is that this winters pending energy crisis has been clearly coming since the end of last year. Not planning for it is irresponsible, and expecting benefits to cover it is entitled and lazy.

Sure, it’s been a rough 3 years and people need some joy, but still.