Member Info for MarkGo

Hi Mojo

I am interested in why you predict a further fall to 280 or possibly 250. What do you see as the driving force for this possibility a week before Q2 results. Do you believe that there will be a spike back up before the results or the results being a non event.

The same question to Sigma1 for £2.83 new Friday

Mojo7865 £2.50 (if 280 is breached)
Westh1 £2.80
Sigma1 £2.83
NSS £3.03
CR £3.05
MarkGo £3.08
45Bob £3.09
Andy £3.15
Spights £3.22

https://www.investingcube.com/bp-share-price-forecast-more-pain-ahead-expected-shares/

Hi Cedars

I hope you remain safe and well.

Q1. Glad to have your analysis and opinion again. Please elaborate on your $24 puts concern. This converts to £2.90. So, please forgive my ignorance but your worry is.....?

Q2. On a 12 month hold ( July 2022 ), of course, just your onw opinion, do you see this current period, with your timetravel crystsl ball in your hands, short term meaningless volatility.

Respect to you and all other posters on this forum.

MarkGo

EmeraldCarrots

Positively yes. Every cloud has a silver lining.

Is a blue day to finish a red week too much to expect in this market or more of the same next week ?

I thought a little oversold but what do I know.

Death of a thousand cuts. lots of small cuts happening consecutively. None of these daily cuts are fatal in themselves but can cause pain. They can, however, add up to a slow and painful demise over time.

On a positive note, errr, hmm, well, we're still alive.

Happy

Excellent response and opinion. I guess its more of the same requirement. Patience.

Thanks again.

Have a great day

hank you.

Great post again Happy.

Re:

4/ He gave some specific figures for the progress of growth in renewables over past 18 months. BP had gone from 0 GW in offshore wind to 3.7GW. The renewables pipeline had gone from 4GW to 23GW (IMO this is remarkable because the $70bn Orsted has installed capacity of just 12GW.)

Why do you think this has not been recognised by the market. If Orsted is valued at $70b and BP at just £62b. Something doesn't seem right here.

Well, good luck to you Mojo.

I am going to sit this period in but try not to take too much notice of the market, if I can.

I think Q2 results will not have much impact until the end of summer onwards when the markets are back to work from their hols. Hoping for some conservative SP growth from then onwards. ( hoping ! )

Enjoy your Summer.

All the best

MarkGo

Mojo7865

Good luck with your replacement investments for BP. I am curious where you see better value ?

I do hope that you will still post every now and again. Always interesting.

MarkGo

...in the coming years.

Apologies for the below par cut and paste ( twice !)

KBW101

Looney on Bloomberg yesterday

Answer to your question courtesy of....

wales12345

Today 00:40

Posts: 20

Price: 305.90

Just talking about cost cutting and how he sees demand for hydrocarbons continuing to be high and there will be a slow transition to renewables.

Most interesting point was that 60% of excess free cash will be used for buybacks in the coming

KBW101

LOONEY ON BLOOMBERG. COURTESY OF....

wales12345

Today 00:40

Posts: 20

Price: 305.90

Just talking about cost cutting and how he sees demand for hydrocarbons continuing to be high and there will be a slow transition to renewables.

Most interesting point was that 60% of excess free cash will be used for buybacks in the coming

Hi Zac

I hope your well. I believe your analysis is rational and fully understandable. I am in agreement with the sentiment of your post and I have posted similar recently.

Although I truly hope that we have this wrong and a future re-rating, change of market sentiment, quarters of market expectation beating results will drag this sloth share northwards beyond your average.

Possible if not probably as we view it today.

Good luck mate

Hi all.

I was invested in card, in at 78 out at 68. I took the loss and decided I invested too early with too much uncertainty, however I believe sub 60 is a really good entry point for long term holders with a balance of risk with reward.

My main point. Try to ignore what is happening to card's SP at present. Nearly the whole market is acting in a certain way probably due to covid sentiment and the low volumes being traded during summer months.

If you go on many other share forums you could replace Card with nearly every other company. So, there is no particular reason why Card has dropped back, it is being led by the market. I have many similar investments performingbthe same and until September onwards, when volumes will be up, variation of covid old news, not much will happen but Card is a great investment.

I am not a atient person but patience will be rewarded for Card investors in the next 12 months.

Good luck to all.

So BP buys out PE partner in Thorntons chain in bet on growth in EV charging and convenience sales.

With BP spaffing millions on EV charging stations around the world here is my question.

At present, if you have a petrol or diesel vehicle you have to pull up on a forecourt, fill up, grab some convenience food on the way to the cashier. No option ( apart from the munchies ).

With the progress and improvement of electric vehicle's batteries meaning ever increasing mileage before recharging is required currently 300, 400 but soon to be new generation batteries of 500 miles plus, how many EVs will need BP's EV forecourts also with every other forecourt competing for your EV charge fee. Surely, most EV owners will either charge at home once a week, month or longer with charging points in streets, workplaces, retail parks for others who do not have the ability to charge at home.

This investment reminds me of the unfortunate who invested in video rental shops just as sky movies became available, the investment in long poles with knockers on the end just as alarm clocks were available and the man who backs his life savings on betamax technology.

Have I got this wrong ?

NSS

Sorry. Investment started Feb 2021

Hi NSS

Your post made me reflect a moment. I started investing in BP around Feb 2020. I have topped up each month since then. I have no need to call on my invested funds for the foreseeable future and I originally was happy to see the SP progress to March. My average now is 303p and seeing your investment posts, I guess I am probably up there with you in the area of amount invested in BP.

I did see BP as a long term recovery share with dividends to support along the way. Maybe I am too impatient but seeing SP progress to 323 by 12th March then stagnation and drop backs to 306 13h July is frustrating. I do not sense any forward movement.

I know, be patient.

The one thing that is certain about the share price is the uncertainty.

No one of this forum has any idea what is going to happen to the share price. It has as much chance as getting to 550 sometime before the end of time as it does as languishing around 300s or much lower. The only certainty is death and taxes.

Hi NSS22

When the SP dropped from 333, I topped up big time at 318, 315, 311. I thought the same each time . To cheap to ignore, they were not. I should have ignored them

Hi Cong

Good post and explanation. Food for thought. Thank you.

Have a great day