Member Info for Chandley-1976

Of course…. I’m away for a week from Thu night hence the auto sell being set so that I’m not living on the phone all week and annoying Mrs C!

Recovering?! What was there to recover from. A breather is natural and very healthy.

My prediction is that we will hit 475 either on Friday or next week. Auto sell for 14000 shares at 475p is set.......

Good to see the usually far lefty BBC sharing some balance views for once;

https://www.bbc.co.uk/news/business-62634983

It's not only BP and Shell who are raking it in at the mo. A lot of people are, so why not tax them too? You could argue it goes further too, which it 100% does. Plenty of people are profiteering from all this. Its called business. Capitalising on things/capitalism.

As long as they are reinvesting in green solutions, then this should not be stifled. I suggest that most of them are not though, unlike us.

Welcome back... just in time for the 460 party.

They will be back mate.... and lets be honest, the smooth road to 500p isn't over yet. We are looking strong at the moment, and are in the best possible place to weather a recession since O&G prices are the main reason behind that recession, but its only a matter of time before 'worries' hit the SP again. I sense that the low 400s are not finished for good between now and Autumn. But then I also dont see the oil price volatility ending soon either, nor do I see no issues with it passing $100 again around the same time. Gas is now $10, so crazy expensive.

What I also know is that the world post Covid, and BP, has turned a corner. Ill be too busy counting my profits to notice people coming on here and spouting nonsense and doom.

456.8p.... so we've cracked post Covid highs....

Roll on 475p. I have an auto sell order waiting for almost half of my holding. The rest can wait until the new tax year. Truss and her cronies aint getting another penny in tax off me this year. You've already extra taxed the company that I already worked hard to invest in.

Plus, come April 2023, 500p is pretty likely.....

Wind energy is fine and dandy, but ultimately, its not very high yielding. The simple fact is that we are 40 years away from removing our reliance on fossil fuel by large. And even then, removing it completely is a generation away at least. Aviation fuel being one of the main issues where. Hydrogen air travel is a very long time away and quite early in development.

It's going to be a gradual replacement/transition, but a profitable one nonetheless.

475p next week if oil keeps steady?

Sleepy Joe talking rubbish to get petrol prices down but the facts don’t lie

https://oilprice.com/Latest-Energy-News/World-News/US-Strategic-Petroleum-Reserve-Falls-To-35-Year-Low.html

>$100 coming again soon.

Insane :) Yet gas is up 4% to almost $10. Even more insane. That's the equivalent of $400 oil! It's going to be a rough Winter for an awful lot of people......

Brace for all that oil company hate reaching its peak once Q3 results drop in November.

When crude hits $100 again, we will sail past 450. That's been proven once again today.

Got to love the markets with their wild daily swings. Oil is so volatile at the moment. Engineered profiteering. Nothing else.

https://oilprice.com/Energy/Oil-Prices/Oil-Has-Become-Too-Volatile-For-Traders.html

Just seen on seen that we apparently fell 40c at the bell on Friday…. Actually happened or just a gremlin on the charts I wonder.

Even if true that’s still 444p

Despite what western media says, the Russian economy is doing just fine. The Ruble is stronger than pre invasion, they are still selling similar amounts of fossil fuel, and are still winning the war despite it not going as smoothly as expected with massive losses.

And let’s not forget that western firms like us have handed them ten of billions of energy company holdings for absolutely nothing.

Whilst we all hope it will be over this year, the truth is, as ever, a mix of what our leaders tell us and what Putin tells his public.

450p over there aided by the stronger $.

Based on that, reaching the recent previous high of $34.30 again would this time translate into about 475p rather than 455p as before. Lovely.

Despite all our moans about how the DOW always seems to drag us down, it be the DOW and strong dollar that get us to post Covid highs.

The price in Winter is what matters ??????

"However, we continue to believe that the recent decline in oil prices does not fully account for constraints on global supply, and we expect the price to rebound to $125 a barrel by the end of the year," Haefele said.

OPEC and its allies recently agreed to raise output by 100,000 barrels a day in September, one of the smallest increments in its history despite pressure from oil consumers, said UBS.

I’m hopeful as it’s been a gradual and steady rise back to the mid 4s, seemingly built on people/institutions buying. Ultimately that’s what raises prices.

Oil is back in favour.

I’m betting on it being so for several more months.

Sell 55% of my holding at 275p, before Aug 2023.

I need to be out before then and had previously stated 450 as a target, but its come around too early IMO, so stayign in and enjoying another divi or two makes sense. Oil is underpriced at the moment, and we will intrinsically rise to 475p levels if/when oil rises 10% back to $100/$105 levels.

For me, that happening is pretty much a given once Winter sets in and global consumption of all such commodities, rises.

Paul, absolutely, plus that will only be his political salary income.

What’s the chance of Mr S not having tons of shares, some property, and other stuff which also brings in a few pennies a year.

He’s minted, and fair play to that since he’s well into his 50s, was a good level lawyer as you say, into his 40s. The guys earned his cash.

But let’s not pretend that he’s any more in touch with Steve and Lorraine down the road, as Truss is.

We need to come up with a name for the drop which happens when the DOW opens....... its almost like clockwork.

Change the record lefties.

God forbid that people feel the effects of a global recession and commodity shortage, without having to make changes to their life, adjust accordingly and make sacrifices in places. The Government and super rich should surely be offsetting it all though right? The price cap should freeze, so all the resellers like Octopus won’t make a penny!?! It’s just socialist BS.p

As I’ve said 100 times; any more taxes and we dump British green investments like a hot spud, and the cost of living crisis won’t start until Autumn despite it supposedly being unbearable now. It’s going to be deafening come Oct onwards. Gas is already over $9.

At least Starmer admitted to earning £140k on TV the other day, and that’s just his salary for being leader of the opposition. A fair salary IMO since it’s a big job. But that’s not the point is it. He also admitted that he won’t feel the pain of the recession.

You don’t see him donating 25k a year to charities though eh? They all care so much…..