Member Info for EmeraldCarrots

With the sp @ £2.98 and Brent still at a nice high $73.50 I'm thinking of buying more.
A few weeks back BP. were £3.20p ish, now £2.98, seems a complete bargain if ever there was one.
All IMHO.

Correction: "NOT enough" instead of "Now enough?????".
and over $64 since 14th April, which is about 3 months.
Now we have Saudi/UAE agreeing (subject to OPEC meeting in a month) a production rise which most seem to think is NOT enough to compensate for the rising oil consumption.
So in a nut shell to me at least it's highly unlikely Brent will fall below say $70. More likley it will stabilise at more like $75, right where Saudi want it is rumoured. At that level ALL OIL COMPANIES are doing well, unless they hedged below break even level which would be fairly mad. OK, HBR have oil hedged at $61, but that is fine, in fact that should be very good. Also I presume all oil Companies at the moment can hedge if they want?? Presumably you can hedge at what....... $65 or so with Brent at $74 at the moment.
My point is oil Companies in general seem to have been over sold.
BP. is IMHO a fantastic buy at the moment with their move to greener energy showing what little faith some large players have in the board for this. I find it amazing that large investors seem to think BP is somehow going to crash it's profits and loose it's dividend moving to cleaner energy. I bought more about 2 weeks ago. Nice dividend and what to me looks like a trashed share price............ why is it not £4.00??
All IMHO.

and over $64 since 14th April, which is about 3 months.
Now we have Saudi/UAE agreeing (subject to OPEC meeting in a month) a production rise which most seem to think is now enough to compensate for the rising oil consumption.
So in a nut shell to me at least it's highly unlikely Brent will fall below say $70. More likley it will stabilise at more like $75, right where Saudi want it is rumoured. At that level ALL OIL COMPANIES are doing well, unless they hedged below break even level which would be fairly mad. OK, HBR have oil hedged at $61, but that is fine, in fact that should be very good. Also I presume all oil Companies at the moment can hedge if they want?? Presumably you can hedge at what....... $65 or so with Brent at $74 at the moment.
My point is oil Companies in general seem to have been over sold in the last few weeks or so.
BP. is IMHO a fantastic buy at the moment with their move to greener energy showing what little faith some large players have in the board for this. I find it amazing that large investors seem to think BP is somehow going to crash it's profits and loose it's dividend moving to cleaner energy. I bought more about 2 weeks ago. Nice dividend and what to me looks like a trashed shares price............ why is it not £4.00??
All IMHO.

LOL!. I said back over $75 when it is already! Make that back over $76.............
By close of play tomorrow methinks.

Soder.
I agree with you.
The airlines are putting more and more aircraft in the air and more and more economies are opening up, especially the USA.
The Saudi/UAE agreement is great for stabilising the oil price.
Saudi are not going to flood the market with oil like last time which is what the market was fearing.
It seems pretty obvious to me the price of Brent is going to stay well above $70 for the forseeable.
In fact I would not be surprised to see $80.
So assuming my take on it is correct ALL THE OIL COS ARE NOW OVER SOLD.
The oil price IMHO will be back to $75 by the end of this week.
All IMHO.

Well. My sent emails have been going off, never to be seen again by anyone on this planet so maybe they have been having the same problem?

was it 3:30 and a well kept secret, or 4pm and only a few good friend know so far?

Unless I'm talking a load of *ollocks!

It's already out but it's a secret to most who don't pay.

I don't think it's going to have any negative effect on the oil price.
https://www.wsj.com/articles/opec-reaches-compromise-with-u-a-e-over-oil-production-standoff-11626264218

high enough to be sure HBR are making a big profit now. If the high oil price continues for a fe months then we will be getting an even higher price. Plus I would have thought you could hedge North of $65 at the moment for other future production ensuring the Companies continued healthy profits.
All looks just fine to me. IMHO ps should be 600p, not 370p as it is now!!
All IMHO.

at, what is it ....... $65 or something?
I'd like to know the % they are getting the full $76 for???

presumably in this backward market the Oil Co sp's will go down?
I think I am getting the hang of it.
The more money the oil Co's make the lower the share prices go!
It's all very obvious now.
All IMHO.

.

.

At $75 ish I guess you could hedge a load at what......... $65??? And $65 would give most oil companies a very nice profit indeed......................

of Brent crude over $60. OK some have hedges what........ 40% of oil at $55 to $65, but the other 60% or so get the full market price does it not?? I think the likes of BP are going to report massive profits, way above whatthis market seems to pencil in.
Ant with brent at $75.40 now, long may the profits continue.
All IMHO.

I think the sp should be North of £3.50 minimum. £4.00 in fact.
All IMHO.

which is pretty obvious considering Brent has been over $60 for about 5 months.
$75.16 now. I don't see why they could not increase the dividend as well as spend on renewables.
All IMHO.

completely MAD.
Airlines had almost no planes in the air a few months ago and what do we have now in the World? A few more?? I would have thought Rolls will be extremely busy as a lot of aircraft that have not flown for months have to have a lot of work done before they can fly again.
All IMHO.