@notgotaclue that post could have been written by me and we have almost the same amount invested. I’m looking to see all to use for other purposes so I’m also stuck as to when to sell. Will there be a breakthrough back to £3.50 and when will that happen…it’s a roller coaster at the moment.
RE: I guess none of us really know20 Aug 2021 11:53
I totally hear what you are saying but find it hard to compare the Royal Mail with BP. This is going to be a rollercoaster for sure but the fundamentals for BP have not changed greatly since pre pandemic times. We don’t know how their long term strategy will turn out and how it will affect the SP…but..the core business will pick up once the COVID thing settles and economies start to get back to normal. That alone must (IMO) get them back into the £3.50 plus range and even the SP stays depressed because of the Green strategy £4 must surely be a realistic SP for 2022? Thoughts
RE: Brent Crude $100/barrel unstoppable19 Aug 2021 08:17
I try to ignore the chaos in the markets at the moment but what I struggle with is how Bp gets hammered more when the markets dip and recovers slower when they improve. How can they be at present 4% down when every other major is in the 2% bracket… aghhh
Buybacks do help the SP. because at this time they are helping to stop or stabilise the downward trend and they are shares no longer in circulation so of course they help us all. It may no seem like it due to market sentiment pulling us back but when positivity hits the markets and in particular this sector, then we will have x amount less shares up for offer!
You often see a pick up of shares and price after divi too, so the drop isn’t that big. We also have share buybacks…I’m no expert but surely if you are BP then you buy back your own shares when they are at their cheapest?!
I think it is a lot simpler than that..oil prices down by 4% because of the rise in the delta variant. That means a slower recovery which also means less profits for the oilies. Once a solid global recovery takes place then a steady rise should take place with BP..IMHO