Member Info for Fusion98

Grantmclean1984 - i understand completely where your coming from, the tech stocks are in a bubble and like it or not it will crash. The stock market as a whole is propped up by the same money as the housing market and debt both sides of the pond. All governments have done since 2000 is print money to feed the rise only now we have debts higher than GDP, this can go on for some time more but it shouldn't. Sooner or later a politician will have the balls to say "let it crash" as the alternative is Zimbabwe style inflation, what a choice. At this point all three bubbles will implode and take everything with it. The problem was exacerbated in 2008 and has been on steroids ever since.
There will be a recession in 2021 but only a small one, until governments start paying back debt rather than racking up more or heaven forbid live within their means, this merry go round will continue until its too late.
Thatcher was the only one to do this and everyone hated her for it.
Fusion98

Bought £10k with a 5 year time scale. Should have bought earlier but life got in the way.
Yes shell has debt, is restructuring, has a deflated share price and is still doing buy backs despite owing far too much money but the fundamental thought strikes through for me. Oil is needed the world over for at least another 10 years and only a handful of companies do this well, Shell being one of them.
The price will recover over time
Fusion98

R00st3R, your information is wrong.
its cheaper to build and run a renewable power plant than one using carbon based fuel- FACT! Coal plants are all subsidised the world over and produce a s**t load of mercury in the process not to mention the waste material and pollution.

The rest of your post i agree with, the market knows this as an oil company / trader / producer and so have no method of working out if its new direction is viable. It would be like McDonalds saying they no longer sell food (in the loosest possible terms of the word food) only to be starting a chart topping record making career using the staff.
I think BP will be a smaller, leaner company for some time and a lot of people are going to get redundant / sacked and a lot of oil prospects like Rock Hoppers Falklands deal are going to get canned.
BP will come out of this stronger, they have some smart people working for them, look at their drills for catching one oil pocket to another - the advert used a bendy straw, but the idea was technically brilliant and it worked.
Buy this stock, it may go below £2, it will be back above £3 by the end of 2021, anyone complaining about time scales - you in a rush or something?
Tesla is a bubble and will crash along with a lot of other "tech stocks" that have no money to backup their valuations.
Fusion98

The share price is at a 25 year low and next week results are going to show the worst collapse since Sarah Palin said she should take control of foreign policy because she could see Russia from her kitchen window in Alaska. (world collapsed on the floor laughing)
Oil is still going to be used on toothpaste, tyres, manufacturing, machines and all sorts of other things its use is not going away just reduced CO2 by offsetting. It will take 15 years from 2030 for majority of cars to be electric on UK roads and as for the rest of the world.... who knows.
The FTSE will be punished due to Brexit, low oil costs, Covid, over supply and many other things, least of all the biggest consumer which is China has just bought all of Irans oil for it private use so no longer needs OPEC's oil so the price WILL fall further.
OIL WILL RECOVER and so will this share price, unless it follows Shell and economically has to write off 40% of purchased oil fields - i guess we will find out next week.
Buy and hold
Fusion98

When the orange clown was asked if he was joking about the wall Mexico was going to pay for, he replied "i don't joke".
Now he says drink bleach and all of a sudden we are supposed to think he's Groucho Marx?
He wasn't joking, he just says the first thing that comes into his head and idiots or "Americans" as the rest of the world calls them believed him, 2 of them even drank pool cleaner because he said it was safe.... they both died.
Trump said "Drain the swamp".... Donald, you are the swamp!
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Joking about injecting disinfectant and internal UV treatment and playing it so we all thought he was serious. Comedy Genius.

fleccy
telecome stocks are not flying as almost all telecom companies are up to their eyeballs in debt and now 5G licenses are being auctioned off. Like previous auctions if your a telecoms company without a 5G license.... your fecked. I remember when Orange paid an eye watering amount for 3G. 4G licenses cost a fortune too and remember each country has its own auction so this goes from expensive to F***! very rapidly for costs.
all UK stocks are low due to no dividend which is probably another reason why USA stocks are so bubble like, pension companies have to put their money somewhere.
Fusion98

250p is on the cards tomorrow
HSBC is going to get hammered.
Fusion98

when the election in the USA, Covid the world over and Brexit in the UK are all over
I find it amazing that Barclays rate their own shares to be worth £14.25, more than the company is worth by some way, lol

HI Gary, last post on the subject.
Ask yourself with low oil prices, high production rates, no storage, covid impact and low GDP the world over... how long do you think it will take to reduce oil storage to 50% (normal rate) without OPEC raising production on a suicide rate once more. My guess is 3 to 4 years, do you want your money tied up for that long? The stock market doesn't follow the economy and some people have forgotten and think this is the low of the recession. Buckle up a***holes it hasn't even started.
Anyone who asks "Surely at these prices its a safe bet?" those were the very words from RBS investors in 2008 - from £12 to £0.25 in what 3 months was it? I would rather miss the very bottom than jump in with both feet for the floor to crumble beneath me locking me in for a year while better investments become available during that time.
In November the market will rise 5% due to the election (always does) but how long will it last, FTSE (brexit) will impact international markets, Covid plan from Biden/Trump will be known.
I say wait 3 to 4 weeks on the side lines and watch what happens. If you didn't have any BP investments i would say go for it, but you do so stop trying to catch a falling knife. If your still determined to invest in both BP and Shell (both great companies) then my advice is to drip it in over time rather than one purchase.
Its your money, its your choice, good luck
Fusion98

That said i got into BP at 161p with a largish holding for me. I still have money put aside for later this year and by your own admission your already invested in both BP and Shell so why rock the boat?

Gary59
personally i would hold off buying anything. (1) the usa election is in november and the results will have a large effect on the DOW especially is Biden locks the USA down to control Covid19 something trump has failed to do. (2) Brexit will slash the FTSE100 on jan 1st as a no deal is almost certain to occur. (3) The tech stocks on the Nasdaq are in a huge bubble which will pop before the year is out, this too will effect ALL markets (4) The effects of Covid and huge unprecedented numbers of unemployed will soon have a dramatic effect on the housing markets both in the UK and USA. The recession that should have occurred in 2008-2011 will probably occur in 2021/2022 as debt now outstrips GDP in most European countries including the UK which means tax rises, the USA is a debt mountain in denial. Oil storage is maxed out and consumption is only about 30% higher than the covid peak with little signs that this is going to change before xmas.
Cash is king at the moment so £30k is a large wedge to use when the fan gets covered in the brown sticky stuff.
Fusion98

remove the CEO and the price will tank. Have no CEO and the company looks rudderless. Companies of this magnitude never get rid of the CEO unless they have someone else lined up.

English isn't your strong point is it BigBadWaz ?

I've decided to jump in
Limit order at 261p should see this filled Monday.
It may go lower but i would be happy at that price.
Should double my money in 3 years or less.
Fusion98

The share price has been declining since August 2016, what makes you think that it will reverse this long decline? Its nothing to do with Covid19 as that's only been around 6 months.

i suggest some read the article again as the price offered is £15bn which equals £1.50 per share, a 50% increase from todays prices. The offer for BT (or supposed offer as a formal one hasn't been released) is for BT but no government would allow an outsider to own OpenReach as they run the network. Why would you put the communications of the entire Great Brittain in the hands of an untried corporation who is simply trying to make money? This will never happen unless OR and BT part ways, and as yet they haven't
Its a pipe dream
Fusion98

what rag would you pay attention to then.... Fox News????
Ha ha ha ha

Hearditallbefore, i've been in GCM for 12 years and like your name sake I have heard it all before.
They are 18 months behind submission, the costs of alternatives is lower than their costs. GCM have no money to build anything let alone a power plant and mine. China will not simply build it out of love for anyone, if you believe otherwise your deluded.
I'm in profit by some margin on GCM so if it goes tits up i still walk away with more than i invested, no crying here just don't like the happy clappers when their "belief" is based upon delusion.
Fusion98

Up I’m ecstatic. Down I’m ecstatic, because this project is going to happen.
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that's funny as its in complete contrast to the email you sent me when you were s**ting yourself because you were over leveraged.
Want me to post it again Peter?

Fusion98

well as you dont like org websites, how about Forbes, Guardian and Independent or are they all "Fake News" too?

https://www.forbes.com/sites/jamesellsmoor/2019/06/15/renewable-energy-is-now-the-cheapest-option-even-without-subsidies/#4bed28e65a6b
https://www.theguardian.com/environment/2020/mar/12/wind-and-solar-plants-will-soon-be-cheaper-than-coal-in-all-big-markets-around-world-analysis-finds
https://www.independent.co.uk/environment/renewable-energy-cheaper-fossil-fuels-2020-uk-green-climate-change-global-warming-report-irea-a8160051.html

Fusion98