Member Info for MarkGo

Hi Oiled

Apologies, last post.

They were all excellent rational reasons to invest in BP.

Reasons that in any other period should see the share price on an oil major rise, as they did in the US but they haven't and BP has been falling for weeks.

Good news is your not that much down, things may change, but I personally doubt it.

Oiled

I understand how you must be feeling watching the market fly including Aviva up today.

There has been a lot of hot air about BP being this undervalued, great investment, no better in the ftse nonsense, truth is it is an speculative punt based on its costly unproven experimentation with transition and hopes and a pray that the price of oil stays high as with demand.

As far as undervalued, latest data shows BP's share price is on a 22% premium to end 2021 net asset value of 293p and thats excluding a possible $25 billion write off.

If BP can't respond positively to any good news there is plenty of negativity about to hit the fan to knock it down further.

Just my opinion.

Mark

Oiled

Look at the sea of blue across all markets. Every sector is flying and then there is BP fragile, weak, unsupported and falling.

In my opinion BP is a long term punt with much uncertainty and many recent negative head winds that are outside of its control and unknown internal uncertainties.

Look at the market today. No one is buying the uncertainty.

Question is why did you invest BP ?

Hi again Double

I don't short but let's imagine I did.

Okay, so you now seem to be alleging that I wasnt being truthful and my cunning plan was to open a short, then post negative posts on this insignificant discussion forum in an attempt to influence other investors to sell and as a result manipulate the share price of a £70 billion multi national company ? ?

Please don't respond in haste. You have time to think this through as I have some work to do.

I will happily engage with you later if you wish me to.

Have a great afternoon

Mark

Happy

Just to clarify, I hope that didn't come across as being sarcastic. It wasn't meant that way.

I do hope they make you good money soon.

Good luck

Double

What's your point please ?

The posts you pasted were my views and opinions at that time.

I have made it quite clear that my opinion has changed recently due to an analysis of current issues over the past two weeks. Please feel free to read through my recent posts to inform you why my opinion has changed.

I am happy you are taking a keen interest in reading my posts and engaging with me rather than just telling me to jog on.

Take care

Oil and gas prices are cooling off, and so are stocks.

What happened
Oil and gas stocks that were popping until last week opened Monday on a weak note, with some stocks in particular taking a hard hit.

Blame the rout in oil and gas stocks on energy prices that got knocked off today.

As of this writing, price of West Texas Intermediate (WTI) crude -- the U.S. oil benchmark -- was trading down 6.8% while natural gas was trending around 2.9% lower. A confluence of factors is hitting fossil fuels today.

To start, monthly production from OPEC+ hit its highest level in seven months in February, according to the S&P Global Commodity Insight survey. OPEC+ is the world's the largest oil-producing alliance comprising 13 OPEC and 10 non-OPEC oil-exporting nations. This output bump comes at a crucial time when Russia's war with Ukraine has threatened to disrupt global supply of oil, given that Russia is the world's largest oil exporter.

Meanwhile, Russia and Ukraine reportedly conducted their fourth round of negotiation today. Plus, China has imposed strict lockdowns in some provinces amid rising coronavirus cases, triggering fears of a slump in the demand for oil. China is the world's largest oil importer. Both of these factors are putting a lot of pressure on energy prices, and therefore on oil and gas stocks that were surging in recent weeks alongside commodity prices.

Factors are putting a lot of pressure on energy prices, and therefore on oil and gas stocks that were surging in recent weeks alongside commodity.

....If only BP had been ' popping' or ' surged ' in recent weeks one could accept the follow of oil downwards.

Morning Happy

Always appreciate your opinion. Rio was a suggestion made by another poster as an idea to look at, I am not currently considering investing. I invested in Lloyds last week on its drop to 41, its up 15% in a week and doing okay today in comparison to many others. I may not hold beyond the short term depending on how the global economic situation evolves.

I do not rule out, at all, that my pessimistic opinion could be incorrect and I admit my choice of words in recent posts could have been better chosen with less emotion to explain my frustration and reasons for my change of opinion towards BP, post invasion.

The fall from 417 to 345 does not seem like just like a normal dip to me, I sense, maybe wrongly, something more fundamental. The uncertainty of a possible $25 billion write off is real. Rosneft's value could be zero if nationalised or unsaleable, maybe at best a fire sale for a few billion, and what are the other losses from exiting Russia ? All unknowns that are probalbly causing BP to continue to drop and I wonder where is the bottom with oil falling as well.

I would be happy to be proved wrong in time, especially if you still have those trading positions open !!!

Thanks Happy

Mark

Double

I appreciate that your vitriol may emanate from your paper losses as I see from one of your previous posts that you were down £60k in a week so, it seems, you are a substantial investor in BP and Shell, like me.

Fact is both companies are underperforming dogs. You do not have to agree with that statement but this is mainstream concensus of anyone looking at the performance of both companies recently. You seem to be in denial of this fact and its seems to be making you angry and rude.

There really is no need to get angry, abusive or delusional in that you believe you speak for all posters on this forum

As well as depression, delusional behaviour can also to tempered by Prozac I understand.
As a suggestion, maybe take your medication prior not after reading posts not after. This may be of assistance.

Have a great day.

Mark

Morning Enso & Share

I hope all's good with guys.

Share, thanks for the suggestion on Rio. I sold some BP last week and moved into Lloyds hoping to benefit from interest rate rise and dividend early April to lift the SP. You are right in my opinion to hold off investing in BP for now.

With hedge funds and analysts massively cutting their bullish oil predictions last week, I fear BP has a way to fall yet for all the reasons posted by Enso. I think we can forget about an oil super cycle anytime soon.

Enso, you list all the issues that have changed my opinion on BP. I still hold a bulk of BP and Shell, I have held on too long against my better judgement expecting BP to benefit from the poo rise and the fact that their is war in Europe !! If either are unable to lift BP or Shell what will? I

I will be using this period to sell, hold cash or reinvest elsewhere retaining only a small percentage in both BP and Shell.

There is no good news on the horizon only bad so very challenging times to be invested. The worst could still be to come.

Good luck to you both

Mark

Doubleorquits

What's your problem. This is a discussion forum. If reading posts causes you to reach for the Prozac then stop reading. If you are bored of my posts then don't read them or filter me.

If opinion upsets or annoys you then place your head back in the sand that way you don't have to face the reality that you are invested in a dog.

Today like yesterday, like last week and the week before BP continues to fall. When the US markets open BP will drop again as all US super majors are massively down premarket. 330s or lower over the next few days.

Sticking your head in the sand could result in you getting ****** without seeing it coming.

Mark

"When has oil ever dropped 7% and we are down less than 2%"

Morning Never,

Oil dropped 4.8% we are down less than 2.5%

Another " good day " ???

Hi Clued

The world has changed. Rampant energy prices and inflation will kill any previously expected covid recovery. A conflict that could escalate, a resurgent global stealth Omicron varient, global financial defaults, inflation, high interest rates and recession will see demand destruction at the same time as a ramping up of oil to an over supply and oil price/share crash.

I may be wrong but I have come to the conclusion that BP is a sell or a multi year transitional gamble hold.

Beat

I love your optimism. Similar year end 450-500 dreams were posted around a year ago and will most probably will be repeated March 2023 / 2024.

Hi Mkumar

As you mentioned me,

With respect, you seem to have the same microcosm view based on one day as NSS, a desperate or nonsensical grasping at positivity straws.

Yes, Glencore may be down today by nearly 6% but they are up 50% in six months, 75% in 9 months, against the pitiful performance of the fantastic undervalued investment opportunity BP, so chalk and cheese comes to mind.

BP is an underperforming value trap that sadly is only going one way short term. Pcking a day when BP has crashed less than something else, as a ' good 'day is desperate and irrelevant.

Just watch as BP continues to fall and Glencore recovers. There will always be another ' good day ' where BP falls less than something else to make the blind faithful feel like its another good day.

NSS, I take on board your point regarding my posts but perhaps bul**hit groundless optimistic posters supported with random nonsense article links should also reflect on reality and take a time out.

Thanks for your advice.

Mark

Hi NSS

Difficult to see today as anything other than another bad day with the SP falling another 2% in continuation of its crash after falling from 417 on 11th Feb to 353 today, while Brent was $94 on 11th Feb to $106 today after reaching $125.

Brent up 15% from 11th Feb
BP down 15% from 11th Feb, so far.

There is nothing to feel good about here. BP has not stopped falling and looks like it will continue its spiral downwards. A lesser fall than oil today is irrelevant and with all due respect looking at the situation as a glass 1/10th full.

I hope all's good with you by the way !!

Tomorrow is another day. Hopefully not same sh*t

Mark

There is more to this than we know. The damage caused by Rosneft / Russian withdrawal has been under played.

AsPIs we are being kept in the dark, no wonder buybacks have been paused, Looney, the board and institutional investors know the truth and are dumping this dog only for the gullible private investor to think they are picking up an undervalued bargain. Where is the floor. 320, 310 ?

"More pain this afternoon probably. All US super majors down sharply premarket "

" Now, if BP's share price has fallen while US peers have rocketed in the last month, I wonder what will happen to BP's share price when they fall from their highs along with brent ? I think I know. 340s here we come. "

Not glad to be right on this. 340s just missed so far. Sadly only a matter of time. Any hint of a resolution to the conflict will see oil sub 100, if not before, and BP sadly back to 330s.

Hi Jakers

Gallows humour !!! We'll laugh about this period one day I hope !!

Hi Spights

My BP rose tinted glass lenses are shattered at the moment. I am currently very short sighted. I hope my previous vision returns soon. !!

The month prior to the last few quarter results has seen the share price rise, so from April to May, prior to Q1 results, hopefully, will be the same. Unfortunately these are unusual, uncertain times to say the least so nothing is certain as to what range we may eventually climb from.

Respect to you and everyone keeping their faith and their positivity.

Mark

On the bright side, just imagine, once you lose another 15% of your capital value you could get an extra 0.5% dividend yield.

Image how great it would be to get to a 5.5% or 6% yield.

Fingers crossed !!!

More pain this afternoon probably. All US super majors down sharply premarket.

Now, if BP's share price has fallen while US peers have rocketed in the last month, I wonder what will happen to BP's share price when they fall from their highs along with brent ? I think I know. 340s here we come.

Mark