Member Info for Chandley-1976

It's actually not that unaffordable in truth. People go on about 185p petrol and 200p diesel like its the end of the world, but the truth is that fossil fuelled cars are way more economical than they were back in the day. Its the same logic as people who go on about property prices doubling from the old days.... conveniently glossing over the fact that in the old days, base rates were 10%. So the amount you actually pay is similar.

A 2.0l petrol used to do about 25MPG back in the day
That same equivalent car now does about 35MPG
A 2.0l turbo diesel now does about 55MPG, unlike the old days when it was what, 35MPG?

So your 200p now, is pretty much like 125p 10 years ago if you also consider inflation. Cars just burn much less fuel nowadays.

My personal view is that even when this is all over, diesel isn't dropping back much below 150p again. 1 because that's still cheap, ie a litre of refined fossil fuel costs the same price as San Pellegrino water. And 2; once they know that you can pay it, then will keep making you pay it. Natural gas will hopefully fall back to $4 though. That's going to be the main killer for many this Winter, not the price of crude.

Will be blockbusters

https://stocks.apple.com/Afi7egOFRTbmAvMn9cnukCw

Got to love how $100 is a dip eh?

Every single analyst out there seems all but certain that Q3 is when the energy prices will really start to ramp up. No refining capacity, strong demand despite recession worries, increased demand to come when winter hits..... $150 isn't totally unreasonable really/is more likely than $75 in the next 6 months.

I've heard that 4.28% is relatively poor for BP, as much as it's still semi acceptable.

6c needs to happen at circa 400p on the SP.

It needs to rise by 10% to 6c in the next results. We had no rise last quarter despite record profits. It's not good enough. Buy backs are nice, but lets be honest; they don't always totally translate into relative SP gains.

Investors want profits. Dividends are direct profits, end of. The company is making pots of money/profits, therefore so should the people who own said company. Us.

Only as Tory leader not PM, until Autumn.

Dominic Raab for leader then? He's about the only one left who's broadly respectable. And then the new race for PM? Will the sacked/resigned people make a come back?

Who knows. All I know is that I wouldn't want to be in #10 or #11 at the moment. You're swimming up the creek without a paddle, and its just damage limitation to your own career, in a role where you just cant really win due to the environment at present.

8:45 then....... :D

Joke.

What time I’ll the rinse and repeat yo-yo to 368 start?

Maybe Rishi actually jumped because he didn't want to be the man who guided us through such a tough financial period.......

$2 to the £.... those were the days.

And a weak $ is supposed to be good for the UK BP share price too......

The only saving grace is that every oil major is battered at the moment. XOM down from 105 a few weeks ago to just 81 now.

I get it Slater. Fear of recession. Fear of the economy stopping. And clearly at present, fear of crude somehow falling back to $75, since we are in the mid 90s now.

As I say though, stop with the yo yo games. We were 4% up this morning, for no reason, and are now down again. Shell have fallen under 2000 too, a key milestone. A 20p daily swing and falling here...... laughable.

Just get the FTSE down to 6000, the DOW down to 27000, oil down to $75, BP down to 320, and stop messing about whilst the markets do what they do and always recover.

BP as a company has recovered. The world hasnt. But as logn as people are consuming energy,

Utter joke. A buying opportunity if you have a medium term outlook of course.

It's just astounding when you consider that the reason we are in recession is largely because oil is expensive, hence fuel, energy and the production of everything is also expensive. Oil drives the world and will do for decades. That's been reinforced this year. Sorry Greta.

The point is; the world is still consuming vast, vast amounts of oil despite recession worries. There is simply no reason for this poor share price level, aside from crooks calling the shots and general sells offs pulling us down too.

When our quarterly profits for Q2 are released in 4 weeks and are record breaking, how will they price BP as being worth only £70B then? Im sure they will find a way if it suits.

Down!

Oil up, FTSE up....

Crikey.

And down we go to daily lows and only 1% up.

Kerching.

Shaperite

ii.co.uk

Yay, so recession fears now over, everything has changed since 12 hours ago. A 3.5%/13p rise already.......

The people who run the stock markers and decide on company values, are the biggest thieves and cooks on earth.

Dump the SP, fill your boots, see it rise, sell up.... then repeat. That happens all the time, but at the moment its happening every few days. Joke of a system.

Its like a licence to print free money.

Slater.

At least we don’t need to worry about any more windfall taxes when Q2 results drop.

Unless he’s told by his buffoon leader to appease the masses and try again to buy some support.

That whole pack of clowns needs to go. Whilst Rishi was too leftie in many ways, and much if the same lefties hated hun because he was minted, you got the impression that he’s a decent guy. Respectable regardless of who you vote for.

That’s the issue with British politics now. You just don’t respect most of the options.

The same guy who was part of the Gulf Keystone back of house advisory setup when they robbed private investors, diluted shares by 100/1 and then gave all the new shares to ‘creditors’.

Lovely.

Down 8.6% today.

Let that sink in…….

The oil price is both the problem and the positive. High energy prices are the main driver in inflation.

I’m adamant that the tough time hasn’t begun yet though in terms of living costs.

Saying that, WTI is testing 100 today. I suspect it won’t last.