Member Info for latpulldown

By not letting people buy in any quantity.

EMS of only 3000??? before it goes to negotiated trade.

If there was a prize for the most ridiculous post of the day Brynheulwen then you would win it.

Nowt good to say then say nowt.

Sooner or later our playmakers need to start closing their positions as the oil price is about twice as high as it was at the height of the pandemic and in Q2. That ultimately decides margin and profits and what should be good dividend cover.

Not fooled by the fed up with Looney lines for if you do your research he only arrived in Feb and wouldn't even have got his feet under the table by the time of the pandemic hit. If unhappy with your lot then sell up and pass on your shares to others who want them. Plenty of them out there.

Lets have all those shorters "all in" and then roll the dice for Q3 numbers day.

Bought yesterday and happy to keep adding. Its the yield that appeals and I can happily wait for oil to reach a lot higher than $43.

twistorbust

"Another decent entry point for the brave.... gla"

That I agree with and now is the time that predators should be picking up value propositions. First one appears and they will all move. You see it time and time again where a share price gets to an manipulated and artificial low and that is when imvho it should be getting bought. Yet purchasers are happy a few months later to pay 50%, 100%, 200% more than they could have had it for now. I think that is partly explained by the fact that should a bid materialise they would never in reality get it for the present Institutional play time low price, as those players would close up at the first signs.

Its an easy and cheap financial route into UK banking right now should anyone wish it as a new territory or as a bolt on to existing propositions.

I also think that the main thing to keep firmly in your mind is that of a vaccine and with the Oxford vaccine still progressing well in the background an potentially here by year end, it should transform things. It is not therefore a bad time to be bargain hunting for cheap stocks that should rebound well.

No its not and I concentrate on data and facts not supposition and innuendo.

Eviking if that is what your considered thoughts are then that's fair enough.

My honest view of things is that the present CEO's appointment in Feb 20, and just prior to the Covid19 pandemic gripping the world, could actually not have been at a worst time. He then arrived into a job that then attracted speculators in the price of oil that collapsed the price of a barrel of oil and that was then simultaneously accompanied by speculators in the company share price which is still gong on.

I am not saying they were wrong for they have clearly been correct in the direction and in driving down the share price further. Have they now taken it down too far and is it now though in oversold territory. It is at 5 year lows and greater, indeed all time lows but the thing is that in this quarter the average price of a barrel of oil has recovered somewhat. That is ultimately what drives profit margins and profitability.

By the way just a week or so back incidentally RDSA and RDSB shares had also hit 5 year lows so it is not solely a BP related lack of sentiment. I had the chance to buy at 890p at one point.

RDS shares though have kept more of their recent gains which is why I think BP's share price is being played and particularly today when the oil price went up and seems healthily back above $40 per barrel.

Its a binary bet for Q3 results day in that profitability will either be up or it will be down. You have at least some form of insight in the oil price.

Better results than last quarter from either RDS or BP or both and I think it should initiate a complete change in sentiment and a very healthy bounce as the present players quickly exit the playing field or will have to cover their positions.

BP shouldn't be anywhere near this low for the oil price where it is, hence I am accumulating.

Oil chartists, will also know that at many repeat points in history the price of a barrel of oil repeatedly reaches $100 dollars per barrel so its a patience game for your own patience game for a stop off point in between.

It seems evident that you are position posting Fexit or a little light oin the substance of your posts.

The dividend was reset and re-based at an affordable level for BP when the price of oil at the start of the pandemic was trading at £20 - £30 per barrel during the 2nd quarter.

The third quarter by comparison has seen an improved oil price as the global economy has restarted up and oil consumption has increased.

I posted you an easy link which lets you click and drag and move things across to see at a glance exactly what the averages were in each quarter. If you do that you will clearly see that this quarter is noticeably higher on the Brent spot price achieved than last quarter. That should point to the dividend being well safe. Please provide your workings out to the contrary.

7.4% Yields are good earners in this day and age and especially when banks are talking about negative interest rates.

This share price price is being played at the moment, But higher prices being achieved for oil sold on a quarterly basis may just surprise the market. The exact same logic applies to RDSA or RDSB.

Just left click on the graph and keep it depressed down and drag it to the right.

https://www.ig.com/uk/commodities/markets-commodities/brent-crude.

Too big a fall today for the small trading volumes involved, some of which will no doubt have been buys.

Negative interest rates are only a bad thing if you are a saver, and the banks will be looking to capitalise on this with a fee. Far better if you are a saver buying the Banks sharesitself or decent interest bearing shares these days imvho.

If you are a borrower and customer of the bank with a mortgage, a car loan, a small or large business loan etc then MTRO and other banks will still be maintaining its margins and charges.

MTRO with its modern frontage and concentration in London, the Home counties and in main cities it will readily appeal to a competitor at the present market capitalisation of what is tonight only £109 Million.

Ex Dividend on the 5th November.

Yield of about 7.4% and there are not many out there who are paying that, and safely so. Not bad also considering Banks are talking about negative interest rates.

You can have a look at the last 3 months roughly average price and compare with the most recent 3 month period that will be reported on if you click on the graph and drag it along. That should be broad indicator of the profitability for the period and whether it should be wetter or not.

https://www.ig.com/uk/commodities/markets-commodities/brent-crude

https://www.bp.com/en/global/corporate/investors/information-for-shareholders/financial-calendar.html

the rise

Please

Things improving nicely with markets opening up again is how the statement reads.

Another positive day.

Never going to grumble with that.

Confidence has been returning in the last few days.

Here's to another positive day

We like positive blue days and an uptrend and its a 3 timer for me today, so very happy.

Returning confidence is a good thing on all stocks.

The hedged price here + increasing oil price for the other 40% unhedged is good news. Total had better sign on that dotted line quick for the Ugandan assets or we might have to askf ro a bit more.

7.34% Dividend yield being offered here presently.

Given that the BoE have recently been talking about negative interest rates that is a good yield.

The Oil price is also noticeably higher than it was last quarter.

Results soon. I think those should spark a good rally.

Pitro1984,

There is and was no reason for the fall from just over 400p a few weeks back so hopefully NETW can provide the necessary reassurance on Monday and back up we go to 400p +.

I counted 5 Board Members / Senior Leaders who bought shares on what was an irrational and 'no known reason' dip.

That essentially was what tempted me in and I am happy with present gains and to watch that investment regain those previous recent levels. The Middle East and Africa provide great growth potential.

Breakout getting closer.

Leave the hesitatants to pay 19p's, 20p's and over if that is what they choose.

That will in theory only take us back to where we were a few weeks ago.

Agree its close to a breakout and a replication of last time would be nice.