Member Info for doubleorquits8

Courtesy of Boyobach on Shel board. I know this is shell but applies to BP also that we didn’t really gain from the huge spike in oil and shouldn’t lose either as Brent corrects.

“ Whilst Shell was comfortably tracking Brent up to 7th Feb, it has been travelling in the opposite direction since then: https://invst.ly/xnhfs
Leading to the rather obvious conclusion that the spike in Brent has masked what would otherwise have been a deeper pullback in sp from that 2075p peak.
12 month view of same chart: https://invst.ly/xnhnj “

Great charts and lines Boyobach, much appreciated

Going from outright bull with £1m riding on a single share I do not believe. Then overnight calling your £1m investment a “dog” and telling everyone the price is “spiralling down” when it has gone down 10p from 365 to 355 (365 you were bullish and saw no issues) is utter trollop. This isn’t personal attacking, this is don’t be a troll. Sell up and move on quietly if you feel that way. Why waste time on a BB telling everyone how crap their investment is and that it is doomed and only going one way. No doubt you will be back soon as price goes up saying what a great £1m investment you have made in this great company called BP… very tedious reading. Nice tick up this afternoon… I’m only down £55k now

Please jog on! :-)

What you haven’t explained to us is at what price you sold and opened your short. Very transparent show one week you are bull, next you are bear!

Price had already spiralled 60p and you were very bullish!

“I find it amusing that most oil major's share prices, not only BP, are slightly dropping based on nothing other than uncertainty and speculation. While the companies go about their business of generating massive profits each day.”

“For me, it's important to remember this when you watch the share price drop downwards that it has nothing to do with anything other than sentiment. Fundamentals remain super strong and by first quarter results, I am confident, we will recover to previous heights.”

It is all here for everyone to see how you have changed from bull to bear and presume you currently have an open short!

BP at 3.65 Marks post 2.5 weeks ago:

“RE: BP / Rosneft25 Feb 2022 07:42
Morning Sharefall and Dick

To be honest, I don't see any reason to not be positive this morning in regard to BP. There may be some minor issues on the horizon that cause some inconvenience in regard to corporate finance and banking etc but BP have been there before.

Bargains out there today. Rosneft and Gazprom are a steal.

Fantastic day all.

Mark

BP at 3.83 a couple of weeks ago, Strong Buy:

RE: Sanctions on Rosneft started.23 Feb 2022 14:03
dicklaw68

"Nice to see Barclays have reiterated their price target on BP of £7.00"

Hi Dick, I just received that reiteration from Barclays. They are the most bullish analysts at a possible 81% upside from todays price. I'll take that !!!

Bp at 3.83 a few weeks ago even more positive haha

RE: Sanctions on Rosneft started.23 Feb 2022 10:49
Morning Jakers, Jamtart, Wolfie and all.

Thank you. It's important for me to keep looking at the fundamentals and frankly nothing has, or I believe will, affect business as usual. The articles reinforce my view.

I find it amusing that most oil major's share prices, not only BP, are slightly dropping based on nothing other than uncertainty and speculation. While the companies go about their business of generating massive profits each day.

For me, it's important to remember this when you watch the share price drop downwards that it has nothing to do with anything other than sentiment. Fundamentals remain super strong and by first quarter results, I am confident, we will recover to previous heights.

By first quarter results, I expect that the Russian/ Ukrainian conflict will either be resolved diplomatically or a long drawn out campaign will affect oil and gas prices positively for BP's share price and profits and any possible downside from improbable sanctions should be negated by this.

Wolfie, I hold both BP and Shell with BP edging it for me based on their transition path. Both have some advantages over the other. These are my choices of the European majors. US majors are less transition focused

If you were “invested” as much as you say you are in a dog of a share why bother posting about it. Sell and get out. I am now about £70k down on the highs but not worried as I don’t really trade and take the long term upward trend. Your posts change with the wind and for someone who says they have £1m in one share (which is not clever investing) calling your investment a dog for all to see tells me you aren’t quite who you say you are. You are trading the ups and downs and a no better than the average troll on here. A few weeks back on the highs you didn’t have a bad word to say for this dog of a share. Please shut the door behind you when you leave. Sadly I use my phone to read this forum and can’t mute your nonsense.

So do us all a favour Mark, sell up and jog on. Your thoughts on what a dog BP is of no interest to people invested here in BP. Stop wasting your time posting crep negative posts and sell up and go invest somewhere you think you will do better.

Sell and move on then PermaBear, yes, I bought Shell and BP at the covid lows so am quite happy with how they have performed. Sounds like you should sell and buy EasyJet or AIG and play the rebound.

Please sell mark, I need some Prozac after each of your negative posts

Markgo- give it a rest. Sell up and leave, you are in profit after you bought your £1m of BP at £3 odd. You were so visibly shocked at the rise from £2.50 where you grumbled for months like you are now and then “missed the rise” “apparently”. I got very bored of your posts last time you were shorting. You are clearly trading and your language of “spiralling” etc is frankly ridiculous. Try being in most other stocks like Tesla, Nio, Easyjet, AIG etc etc that are all at massive lows. The rotation is underway from tech to commodities to hedge inflation. Short term downswings as this is will mean nothing in the overall trend up unless things go nuclear. We are in a commodity super cycle for many years ahead, stop grumbling!

Since our announcement on Sunday, we’ve been working on how bp can support the humanitarian effort in Ukraine – and a short time ago, I shared this update with our team.

-----------------------------------------------------------------------

Every day, the humanitarian crisis in Ukraine and neighbouring countries gets more desperate – it’s just impossible to imagine what people there are going through.

As I said in my note on Sunday – we’ve been looking at how we can best support. Thank you for all your suggestions.

We’re now ready with a $20 million contribution to the relief efforts, including:
 
- $10 million in charitable donations – $5 million to the International Red Cross – and $5 million to UNICEF to support children and families.

- $5 million in food and fuel cards to be distributed at the Polish border and in the country by our team there – working with our NGO partners.

- $5 million of support across Poland, Hungary and Romania – working with local aid organisations to help keep people safe.

- Matched-funding by the bp Foundation will be available – more details to follow soon.

- Paid time off for our colleagues in Poland and Hungary as they volunteer to support refugees – and we’re looking at how we can expand that further.
 
It says so much about all of you, and bp, that your first reaction is ‘what can I do to help?’ Please keep your ideas coming about what more we can do – as a company, in your teams and individually.

In these desperately difficult times, we continue to keep all our affected colleagues and the people of Ukraine in our thoughts.

I posted this earlier on BP board (I’m 50:50 Shel and BP). I think this was the reason for the fallback:

https://oilprice.com/Energy/Oil-Prices/Oil-Turns-Lower-On-Rumors-Of-Imminent-Iran-Nuclear-Deal.html

"I have received definitive news that within the next 72 hours the nuclear deal will be signed in Vienna. Even if it might take a couple of days more or so, what appears to be certain is that the deal will be reached. #Iran's #oil is returning to the market under golden circumstances," Iranian energy journalist Reza Zandi tweeted on Thursday.

Iran will bring a little short term supply and long term help with OPEC underperformance to meet its targets. So I dont see a huge pull back in prices but oil is certainly hyped and won’t be sustained at this price. But given BP and Shell haven’t risen by the same magnitude as oil rose so fall back should also be minimal.

https://oilprice.com/Energy/Oil-Prices/Oil-Turns-Lower-On-Rumors-Of-Imminent-Iran-Nuclear-Deal.html

"I have received definitive news that within the next 72 hours the nuclear deal will be signed in Vienna. Even if it might take a couple of days more or so, what appears to be certain is that the deal will be reached. #Iran's #oil is returning to the market under golden circumstances," Iranian energy journalist Reza Zandi tweeted on Thursday.

Amazing, Chevron up, Shell and BP down! Quite a swing from this morning to this afternoon. The old cash machine is still printing away so not worried but wild swings.

I spread my fill up purchases 50:50 BP and Shell! I don’t mind the slight premium over supermarket prices as feels like I get my dividend for purchasing from them once a quarter!

Hi Enso

Sorry, wasn’t calling you a deramper. Others on here.

I have read the statement and was quite reassured / I read it that it wasn’t a loss and would sit at fair value on the books until sold. In my mind future buyer would consider the equity value and also any accrued value of dividend. I’m sure the Chinese would buy it or others. Considering Russias position they aren’t in a strong position for negotiation price either. Equally if we start taking Russians assets off them then they will reciprocate in which case write off value. either way it is 6% of our profit and that should be the magnitude of drop in share price.

I really hope the EU and UK put funding behind BP and Shell to accelerate hydrogen progress and transition. If all great minds backed by bottomless pit of money came together this could be solved in months like covid.

Why would they report a $20m loss considering Rosneft will sit on the books at fair value until sold.
De-tampers are out in force talking £2.50! The hit on annual profit is 6%, Shell have done the same, American petrochemicals will follow. Brent going through the roof. Oil companies and defender companies like BAE and Aecom will all rally. The cash machine in the basement is working away 24 hours a day. I’m down £60k this week, but my worry is for Ukrainians and innocent Russians, these are dark days indeed and my thoughts are with all the brave people out there.

https://www.bloomberg.com/news/articles/2022-02-28/bp-said-to-weigh-selling-rosneft-stake-back-to-russian-explorer

Uk dependence on Russia obvs!

Boris was asked at PM questions today “will you sanction BP and force their sale of their stake in Rosneft”. Boris effectively said the government wouldn’t get involved in BP business and instead would change policies to encourage reduction in UK dependence in oil and gas…