Member Info for Chandley-1976

428 :D

Cheery….. no Labour politician ever lost their job in the north east eh? You could pretty much be a drug trafficker and still hang onto your seat up there. Thatchers Union attacks and mine closures will never be forgiven, largely because most of the region never recovered and probably never will.

But yeah, Kier never had anything to worry about from the boys in red. He could have broke out the glow sticks and pills and it would still have been deemed a work event.

Drinking during super important, nationally important business though eh? Sounds as legit as Boris and his staff.

328p the USA……

Oil own 5% due to;

China consumption worries
High stocks (according to Joe B)
GoM pipeline fixed

So the result is that crude is now the same price as pre Russia invasion. And we are still at 420. Not too bad.

When, not if, WTI/Brent are both back of $100 again, things will turn around.

Even at $90, we are raking it in.

They are all the same. Its just that the media in the UK, and in most civilised/western nations, are very left biased, because those guys are 'nicer' ,right?. Funny how Sir Kier's lack of declarations got a little 2x2 inch section, but a Tory does it and it's headline news followed by a torrent of resignation demands by the opposing party. Free tickets, free this, free that. You'd think they could pay their own way via that £80k+ salary eh? Even bloggers have to declare freebies/payment, as lets be honest, nothing is free and there's usually something given in return whether it be endorsements or PR etc/aka advertisement which isn't entirely honest. For me, all such things should be taxable too if in a work capacity, when not as gift per se. They are all cut from the same cloth these politicians. Just a different colour to appeal to a different type of person.

Get Rishi out of town, sticking to his MP job whilst he tries to remember that he's not a Labour minister, and then Liz can tell Kier to get back in his box.

And oil/gas are back to pre-invasion prices...... So how long before 1.65 at the pumps again? Whilst I accept it for what it is.... a lot of people are capitalising on the situation. Will diesel ever fall back under 1.50 now that people are used to paying 1.90?

The guys a clown. He knows fine well that it’s not just oil companies making a fortune off this situation, nor is it them who set oil prices. It’s countries/OPEC. He’s not stupid. He’s just pandering to his voters and as ever, promising them more money/vote buying. Standard practice.

Truss has already stated that she’s against taxing the firms who supply our energy though, unlike Rishi who strayed too far left, despite the £3k suits. She seems to get the notion of don’t bite the hand that feeds you. Governments done run the world, companies and (sadly) dictators do. BP doesn’t need the UK. But the UK needs energy partners now and tomorrow/beyond. Unless we are happy paying $100 oil forever.

We have another year of this oilie bashing to come, I suspect. Even if profits will likely cool in Q3, ahead of that inevitable Winter pain for the people who’ve prioritised going to Spain over paying their gas bill.

Predictable.

We have another 12 months of high energy prices. How many times can these crooks go to the well? Rishis adherence to such policies appear to have cost him the big job.

https://apple.news/AxGAWj8ioQaGglSN0kfM-kg

Crikey….

https://www.bbc.co.uk/news/business-62539480

Starmer, Mr CBA to declare free gifts, now calling for a cap to energy. So let Octopus and all those guys go under since they have no control over the gas and electricity which they resell.

Jokers. High oil and gas, hence electricity too, are here until Putin leaves Ukraine, as least.

The noise come Winter, when the cost of living crisis actually starts, will be deafening.

Just had Bernie on an ad interrupting my Spotify playlist; 40% green is the plan.

The fact is that green has to be the future. People can bash BP for that policy all they like, and also question the profitability, but it’s the only way.

And let me honest, as with anything, the industry will make it as profitable a they like.

Splashing the big dollars on share purchases for himself. The mans an animal.

https://www.defenseworld.net/2022/08/12/bp-p-l-c-lonbp-insider-bernard-looney-acquires-75-shares.html

This can very easily reach 500p this year, if not this quarter.

Im personally highly likely to sell about 2/3 of my holding at 450 the next time though as it meets my goals and money in the bank is better than virtual money on a screen, which is all it is until you sell up. If it then falls back to 400 again somehow, Id again be very temped to get back in. But lets see.

450 could come next week IMO. It all depends on oil prices and general market movements at this stage to be honest. BP is trucking along doing splendidly, and whilst the next quarterly results may not be as stellar as the last 2 due to oil tailing off a bit, they will still be beefy no doubt. Same for Q4. BP is a good place to be right now. Energy supply is without question something which the world will struggle to cope with this year. Where better is there to capitalise on that?

Im also still hopeful that we manage to palm that Rosneft slice off onto the Chinese for a cut price deal, which would still being say 5 billion in. There's surely no way that we can just hand it over to the Kremlin for nothing? Id have rather kept hold of it and donated the dividends to Ukraine charities/UK energy bills etc for PR. Making good from bad and all that.

Flying in the US…..

We should open over 430 tomorrow.

450 next week if oil stays steady?

Hopefully they will also ask industries who are similarly raking it in to help.

I wonder if that crook Zahawi was so concerned for people well-being when he was a an extremely well paid NED for GKP just after they found 20 billion barrels of oil in his native Iraq…… but then somehow managed to dilute the shares by 100 to 1 due to debts, so handed the company over to ‘creditors’. Crooked.

As for todays little meeting to talk about how people will be able to pay their power bills for the next 12 months, even though we’ve known for 6 months that price bumps are coming; If we are forced to hand over more taxes, then fine. But those green projects can move from the North Sea to AsiaPac.

Easy. Don’t bite the hand that feeds you chancellor.

Let’s not forget that buy backs also enable the divi to be raised. Buying back 10% of your shares/taking them out of issue, equals less shares to pay dividends on. So the ones left can get more pennies each.

The two are somewhat related.

We need to rename it the Down Jones

Clockwork American millstone :)

https://www.bbc.co.uk/iplayer/episode/p0cgqlv1/big-oil-v-the-world-series-1-1-denial

How we've missed you for a few days....

$90/$95 oil still.

$90/$95.....

Both of the mortgages! And thank you.

I do worry about my work ethic when its done though. Any tips? :)

Zac.. because rather than carrying on investing, I want the cash. Mortgage clearing stuff when my term ends in August. I set a 450 target on it when investing the extra tranche at 320p last Nov, and that target allows me to pay no cash, and still keep 2000 shares from my original purchase of 18500. So I wont be greedy when that 450p comes around next. I've been greedy enough investing that much in the first place.

Sure, I could reinvest in a super high divi payer like BAT etc etc for the last 11, 10, 9 months or whatever, but its just that gamble of 'what if'...... Yeah, its likely a safe bet, but still. Peace of mind and finality, is priceless.

I just want it done and dusted, and you cant get as clear cut as having cold hard cash in el banco, albeit at a still pretty low APR for those last few months before handing it over to cut those financial shackles.

Moreyou;

You'll get your 500p if you stick around long enough. As I've stated before, I intend to get out at 450p before Aug '23. That will be enough to reach my goals. I didn't bite last April as it felt too early, but the next time it comes around, Im largely out and will sell 60% about of my holding, slap it in a no doubt pending 2% APR savings account, and will stop the daily share price watching and often obsessive company fundamental research.

The rest will just be left to run, taking the no doubt gradual rises as we pay off debt, concentrate shares, raise dividends and progress as BAU into the sunset on our little green horseback.

BT..... I don't care about BT in fairness. I just cant spell the name of the company I'm invested in. Worrying when its only 2 characters.