RE: Russian assets15 Feb 2025 15:43
HI GFG,
Hope that Elliot Managements stake in BP has elevated some good returns to you.
I have stopped trading Shell, as it is too risky, more so at these levels, as it could prove difficult to get those sold back.
With a reasonable level of dividends coming from Shell each quarter, I am content with the status quo.
Going forward, if it hits 2760, I shall start to trim, as the rate of return is then beginning to look a bit on the mean side, compared to others, it is still below pre- covid levels. I only hold Shell, as far as oil is concerned, as I am heavily invested in this, so don`t need BP as well. As you say, BP has been a disaster from the dark days of the Gulf of Trumps America, and our special relationship with the USA made sure BP was taken to the cleaners by Obama and co.
Generally whatever ever happens to one oiler affects the sentiment of the others.
I hold four other companies, which I do trade, so happy with that.