Member Info for Charlie156

Brent $38, BP £3.10. Market anomalies like this should be snapped up. Supply and demand coming into synch. Demand down 30 million barrels in April, 25 million in May, 15 million projected for June. Supply being cut 13 million in June. Russia and Saudi Arabia cannot function with oil priced at $35.

Oil up
FTSE up
Saudi investment Fund building stake
BP able to cover dividend at $35 a barrel
Most efficient oil major
Bought at 315.3 this morning. I'm mystified as to why it's treading water.

Lead up 5% today, copper up 3%, over $5400 per tone. CAML said in conference call on April 1 they were still profitable with copper at $4800 per tonne. Get through this quarter with the mines still open and I'd expect some welcome news on the final dividend they pulled.

Barnyards, while ur positioned(luv that word) for the long trek back to the mid and high 400's, some investors are filling their boots today. Get off ur high horse and join the party.

Sorry if my last post was not clear. The declared dividend for Q1 will be paid on June 19. There has been much conjecture on future dividends and with low oil and gas prices to date in Q2 and with gearing likely to be over 40%, I'd factored in a 50% cut. However, with prices recovering strongly and the $5 billion disposal of its Alaskan assets in June, BP could comfortably pay its dividend. Who knows where we will be in 6 weeks!

If the oil price keeps rising like this BP's dividend is becoming securer by the day. Remember the $35 a barrel target includes the payment of the dividend. Halfway through the quarter, these shares continue to offer value to investors and traders.

Since lockdown the constant message on here has been it's like Xmas everyday with parcels. What wasn't put forward was that regarding letters, it was like Armageddon everyday. Rico has gone but your still left with the same proposition, since the IPO, the UKPIL cost base is way out of synch with its revenues. Remember, in terms of profit, you need £2 in parcel revenue to replace £1 in letter revenue. The decline in the business has accelerated since the year end. Cash flow is starting to worry me and the Board have to get the next appt right. I'd pay whatever is needed to get Kate Swann.

It's been a lousy couple of years but can't fault the management, just declining metal prices. In those 2 years debt has been reduced greatly and once metals return to a stabler pricing environment, these shares will motor. The mines remain open and I'd expect dividends to resume in October. Hang in there!

Just to point out BP is well on the way to achieving the balance point of $35 per barrel. It was $56 less than two years ago. BP is a far leaner and efficient animal than Shell. Macondo defined the culture of BP, and out of that tragedy it sold oil assets at over $100 a barrel, to pay those outrageous fines and increase production, which is now bearing fruit.That $35 includes the dividend. Still, you cannot ignore the debt on the balance sheet, and with gearing over 40% in Q2, I've penciled in a 50% dividend the next quarter. Two months is a long time in the oil game, so who knows, but best to be prudent.

Fruitster, for someone who is so au fait with the hedging game, why didn't you hedge ur million pound investment in RMG. Your numbers don't add up, you don't add up.

I hear there's a Looney running BP now, so who knows!

It may be artificially high for a trader looking to make what they think is an easy buck. For the long term investor it is artificially low with the added pleasure of witnessing shorters getting burned.

While the first 3 weeks of this quarter have been grim, on the basis of the Q1 trading conditions numbers, the dividend will be paid. They increased it only 2 months ago, to cut it now does not make sense, when the idea is to pay dividends throughout the cycle. There's a new CEO, I expect a big cut in capex to be announced for 2020. BP has a lot of firepower to call on before cutting its dividend.

So the Board of RMG think it's appropriate that Rico Back has been self isolating with the Gnomes of Zurich for the last 3 weeks while his employees are going into work daily and risking their lives. I wouldn't mind if he was any good, but his tenure to date has been a car crash. When he eventually gets round to dragging his sorry ass round a sorting office in his hazmat suit, I hope he's asked 'Where were you when your staff were dying?' Coming up to 2 years in charge, he won't see 3. Rico is toast.

North Macedonia has been hit a lot harder than Kazakhstan, but both mines continue to operate. With parts of Europe taking tentative steps to emerge from lockdown, give it another month and hopefully CAML can get back to what it does well, making money and belatededly pay its shareholders dividends.

The Daily Mail article is just a taster of what is to come if I.A takes place. Rico Back will be the first casualty once the press and media get their teeth into him. So, Rico Back insists mail centers and sorting offices remain open whilst safety guidelines are openly flouted yet his own office closes on March 24 and he hops off back to his Lake Zurich eyrie. Any conscientious CEO would have stayed in their London flat, making regular visits to mail centres/sorting offices, to salvage any remaining respect from his workforce. Is there no one on the RMG board to instruct him this is unacceptable. What exactly are the non-executive directors doing? Yet they compound this decision while making no changes to executive pay. To date, this is the most egregious behavior from any CEO, and it brings into question if the whole board are fit for purpose.

Your skint, I'm guessing, because you previously bought turkeys like UKOG.

Telso, u should stay. You contribute to a balanced forum which is in the interest of all genuine shareholers. I could be wrong though and have to kowtow to Fruitster's perspicacity, and his prediction of Amazon buying RMG could materialise(still the dumbest comment I've read on any share forum)

You can't help yourself can u Fruitster, it just cascades out of ur cakehole. Like the Neil Woodford comparison the other day, you love to drop those references to embellish ur credentials. I watched Wall St the other day, it's aged badly, as has ur act.

3 IFA's say ur a wrong un Fruitster. If just one person reads ur posts with added caution, that will do me. I've been trading this stock since October 13, while u were still honing ur BS act at the Bank of Romford, and I've done o.k. 'your bile is oxymoron' ur syntax is on a par with ur trading skills.