Member Info for Chandley-1976

Jezz…. Airports are another barometer of that.

Nobody needs to go on holiday right, as much as most people see it as an essential/a right? Yet airports are at all time busy levels. And I don’t see airport car parks full of Bentleys either at any of the UK airports I’ve used lately.

Yet people can’t cope with the cost of living? It’s not even started yet. As I’ve been saying for months, the noise in the media will be deafening come Autumn when peoples usual Winter bill goes up by £100 a month, and they can’t cover it as the money was spent in Spain with the kids on that essential trip.

And the Tories are set to hand out more free cash soon, but only for lower rate or zero rate tax payers. Should help in securing a few traditional Labour votes who will only ever moan about it not being enough anyway…. whilst booking those flights to Benidorm. Meanwhile, all the traditional Tory voters who earn barely into the upper rate tax band will get absolutely zero.

Standard practice since the start of Covid really.

The whole Russian thing is a scam. They are still selling pots of O&G. Their recent burning of gas was just them saying ‘we are burning millions if dollars of it and you guys cant get it for love nor money’.

Now they are saying NS1 can’t be fixed as it needs parts which the sanctions prevent them from getting. So will it get turned back on anytime soon? Next we will be sending North Sea gas to Germany when our own people can’t afford it.

It’s one big game. But ultimately the world works better when we all work together.

Sure, Russia invading Ukraine was terrible, but the sanctions and fallout are harming both sides just as much as each other in truth. Then there’s the matter of oilies giving away billions in assets in solidarity. But who really loses there? It’s not Russian is it? And now Exxon wants to sell their stake in S1 but Putin won’t allow it.

The worlds going to be a mess until Putin dies as he won’t ever step down, and even then, who takes his place? A proper leader or another dictator who gets elected no matter which box the voter ticks?

Another day of massive volatility here… 420ish before we recover is my guess.

That could have been a much worse day!

Hopefully we can stabilise in the US now and start another move on 450 in the coming says/weeks.

How long can China carry on with its mass lockdowns though? Lunacy. I guess they started the whole thing so are being over cautious.

OPEC have said that demand is strong and stocks are OK, yet Brent is still almost $100, whilst the falls are due to fear. Also greed and manipulation IMO.

That’s all that matters in the coming weeks.

Nothing to do with but backs. Just oil prices and broad sell offs.

Oil has fallen 10% in 24 hours based on fears of a drop in demand due to the pending recession being confirmed. Like that’s news.

Once again, results in Nov will be monstrous. Buy backs should increase IMO, whilst shares are cheap. £40m a day. But that’s a long term investment and won’t move the SP much intraday. You’re talking less than 1% a month. 0.05% a day.

It’s just a case of turning off the lights now and waiting for the bottom. Hopefully 400p holds.

We fell from 450 to 350 between mid June and mid July, before gaining 120p very rapidly after that.

It’s just robbery to be honest. If the idiots who have the power to dump the markets are so side above a deep dark recession wrecking oil demand, then just get us down to 350p and keep us there until things improve. Like they do at every quarter end results!

Staged market maker profiteering based on fear alone.

8% off in 24 hours. Lunacy really.

If the 12 month chart is accurate then we are likely heading back down to 420 or so, and then the predictable rise once oil prices recover and sell offs stop.

It’s just one massive staged volatile money making exercise which the 100 has never seen before on this scale. Not in my memory at least

Struggling for direct today but oil is still under pressure.

Sat in a seesaw right now book looks like being an uneventful day………

Retirement has taken the server down!

450 on the nose.

Let’s be honest, 470 this am came around too fast. 450 after a big fall, is still great progress from the end of Q2. 470 will come again. It may be this week what with how volatile things are. Or maybe a couple of months.

But it will come.

Down almost 7%

Laughable

The buy backs are a short term drop on the ocean. Less than 1% per month. Your won’t notice month to month, but in a year it should have some effect on the share price if the markets are doing their job and basing the share price on the market cap/value of the company, not just a number, and only the day to day share price is considered?

Number of shares in issue X Share price = market capital

The more shares are taken out of issue, the more the existing ones are worth. Technically.

The volatility is purely insane. It should be illegal in the 100. This isn’t the AIM. It’s pure profiteering from market makers, never mind the oil firms profiteering too.

So BP is worth 3 billion less than yesterday because I’d what? Give me a break.

My auto sell of 14000 shares at 475p is valid for 3 months and I still fully expect it to execute.

Look at the 12 month chart. It’s been rinse and repeat for a whole year now.

This is the fourth clockwork spike followed by just as clockwork dip. But the rise is always higher than the previous rise. If we fall back to 400 in the coming weeks, then whatever. We will be back in Oct/Nov.

The fundamentals won’t change and oilies will be reporting massive profits for a long time to come as O&G prices will be high for a while.

My only hindsight regret is not selling on the spikes and buying back after the 10%+ drop. But hindsight is pointless.

Based on recent form, probably until Thursday.

The recession will impact oil consumption, absolutely. That’s the worry. But Oil companies are best set to weather the storm.

Todays almost 20p swing fall is just opportunistic markets creating buying opportunities after a recent surge to almost 470 this am.

I have a sell set for 475. I don’t see all this 600p nonsense as oil price is high but consumption will take a hit once recession is confirmed.

But the world is still moving and using oil, plus OPEC are in no rush to boost supply for some reason.

The last time I checked, there’s no governmental departments who drill for oil? Public servants wouldn’t be keen on getting their hands dirty;

https://stocks.apple.com/AodcG2CnWSVGfTvUD4oYkug

Don’t bite the hand that feed you Truss. BP and Shell don’t need the North Sea. And you’re going to get Exxon and Chevron in? So pay zero tax?

I’ve never had any faith in witching dates.

This is looking like a slow bleeds down to a 15p down day guys.

Crackers. So it’s news that recession is coming?

My heart skipped a beat when I saw 469 earlier today. Now suddenly it’s back to worries over a recession…… it’s almost as if one day they worry, then the next day they are over it even though it’s a given so all is good, and then the next day it’s worrying again. We are going into recession based largely on energy prices. Bank base rates across the globe will shoot up and we have 12 months of economic stress ahead.

You’d think that markets like volatility eh?

No cash to be made from buying without selling is there? 13p off in 2 hours for what?

Oils still over $100. It’s just fun and games.

475 still a possibility this week IMO.

It’s all down to oil prices. 460 at $100

For me it’s a matter of when oil prices crack $110. BP will follow.

And as our new chancellor said late last week, high energy prices are here for another 12+ months.

Jeff; I’m well aware that it sounds utterly heartless but Ukraine can’t win. The fact that they are putting up a brave and resilient fight doesn’t mean that they are winning. Putin won’t stop until his aim has been met whether it takes another 6 months or more. His soldiers are just cannon fodder to him. He knows that the west won’t intervene with direct conflict as it would cause WW3, and the west know that whilst we have far superior artillery, a crude 20 year old nuke from Moscow is all it takes to escalate things beyond measure, and trumps any amount of modern weaponry.

Russia are doing fine without McDonalds and Starbucks. Their currency is healthy. They are forming new allegiances with Asia and the Middle East and still selling vast amounts of oil.

The plain fact is that we need them as much as they need us, and life is better for all with cooperation. This new world of expensive power could run for years.

Speights oil price posts are for me like when your gran comes round and every time she brings you a packet of sweets that you've not liked in 20 years. You smile, think 'not again', but you actually love the sentiment and would miss it if it stopped ;)

I don't think any of us have time for muppets coming in here having pops at the squad, when most of us have been here since the 200p days.

#BPSquad

Retirment; then don't come to the board if you don't like the content.

Easy innit?