Member Info for MarkGo

Maybe better to invest directly in Oil rather than BP dragging its green agenda ball and chain.

Keep taking the medication

Bigbadbaz

I agree. When I see posters asking other posters " what do you think will happen on Monday " and " can anyone recommend another ' great ' share and, more worryingly and important some ' experts' on this forum actually respond you can see how easy people can be influenced by nonsense.

Not surprisingly, the experts and chartists did not predicted 312 by the end of June. !

It's noticeable how many bullish posters dissappear on days like today. The BP extreme fundamentalist rave when BP gains 0.03% as " another positive day " but go awol when the repeat reality of this dog of a performance drops again and again. " I've topped up again today, bargain " becomes tiresome. The hapless chartist spout their dribble as if they know something just as the OAP in the Ladbrookes believes they have a system for the 2.10 at Ascot.

What the past few months has shown is no one on this forum has a clue what is going to happen to BP. From the stupid " 400 by Q2 " to the ridiculous who post nonsense about channels and predictions of a specific SP on a specific day. All always either have an excuse or dissappear and return once their nonsense has been forgotten.

Same lame performance, different week / month.

Same bulls*** sorry bullish posts after this further backward move I bet.

Compound.

I take on board what you say. However, your bullish opinion is dependent on your view point. If you first invested in BP last Oct/Nov sub £2 then your view is going to be very different from an investor in BP from pre pandemic times who, are sitting with a massive losses either crystallised or on paper.

To rub salt in their wounds, the dividend was also cut by 50%. Understandable in the circumstances but ' Understandable' doesn't pay the bills of those who relied, maybe naively, on the regular income from the dividend.

BP does not provide a 6% dividend. It would if you were in at £2.50. It is now under 5 % at current SP so only approx 1.4 per quarter, not 6% per quarter as you state, and a fraction of this if you invested in BP pre- pandemic. However, I am sure it will give these investors some comfort to be enlightened that BP is not a Crypto.

Prehaps now you may see that there is another viewpoint and maybe now ' see what the problem is' ?

There are those investors in the recovery of BP who will benefit from the crash but there are also many investors from before March 2020 suffering massive losses.

Have a great day. MarkGo

.... just to add the mantras.. top up opportunity. wait until Q2 results, this in going break out soon. Will not be this price for long .... err 324p on 8th March.

Anyway good luck all.

Just another groundhog day, week or month for BP shareholders and so it continues.

A gruelling crawl last week undone in a few hours. A sniff of any reason for the SP to fall and down it goes.

Hit after hit of rocks of good news, trading updates, Oil @ $76 etc have less and less of a high followed by the certain comedown. A investment equivalent of a Crack-head.

Friday Club entry added.

Android £3.20
JSB £3.23
Rjb92. £3.29
MarkGo £3.31
codders £3.32
Spight £3.40
NSS £3.50

Thanks Newersellshell22

Interesting read on BPMP. To be honest I was unaware such an entity existed. I was also unaware that investors can buy shares directly in this subsidiary, if that's the right discription of it, on the NYSE with a generous 9.47% dividend ?

HI Newersellshell22

I do take your point mate on your glass half full +5% in a week but if you increase your reference period from 7 to 12 days all a loss on where theSP is today, or even 15 WEEKS ago.

You must surely admit that the performance of the SP has been very poor compared to the vast majority of poster's expectations of where the SP would be by now.

Today, like yesterday, was another example of an miserable attempt to make any meaningful, sustainable move up to and, as night follows day, a short period of noticable gain fizzled out each day. This is at a booming time for Brent and other Oilers are performing well.

I really hope that in the next few weeks, months I am proved to have been tooimpatient and my pessimism unwarrented but I fear the SP is so fragile that any hint of bad news or no super billions over market expectations then the SP could stagnate or drift lower again.

That said, I hope all have a fantastic weekend, really appreciate everyone's posts this week.

GLA . MarkGo

Today's SP.

Let's hope that the share price doesn't follow its daily SUN pattern.

Rising with the morning Sun and back down at Sunset. Hoping for more that 0.03% today. Hoping but not that confident.

"Is that the 4th positive day……Come on BP…."

Come on Neversellshell22 .

Technically a positive day, (just), but 0.03%. Check the Ftse rises across industries today. BP SP performance was pathetic today taking all the positive news and expectations into account.

For today to be a positive day is a true reflection of how little we now expect as investors in BP to the point that if you don't lose money with BP its a relief and something to celebrate.

I know the mantras, be patient, Q2 results, Jam tomorrow "This time next year Rodders we'll be...." etc, etc

Rant over

Why ? Did you really believe that this additional good news story would give life to this flatlining SP.

Good morning all, rise and shine. Its groundhog day.

BPinvestor

Replace $ with £. MarkGo

BP Share Price Forecast June 2021 – Time To Buy BP Shares?

https://www.economywatch.com/news/bp-share-price-forecast-june-2021-time-to-buy-bp-shares

Happy

Welcome back. I am pleased that you are back and posting again. Your detailed opinions and analysis are always worth a read and consideration.

MarkGo

Maybe we should not be amazed. Maybe the current SP is fair value. Maybe we are all deluded in our BP echo chamber.

Only good news. Brent nearing $76. All other Oilers up.

..and then there is BP.

The SP was 324 on 12th MARCH. Three months later this sloth of an investment is pathetically ONE PENNY more at 325 after three months of substantially higher price of oil and demand recovering to pre pandemic levels.

I am starting to consider if the current SP has already factored in it all positives and is fair value. I do wonder what would happen to the SP if there was any bad news or the trading update, Q2 results did not massively beat market expectations.

I am a long term holder and will hold to see what the next 12 months brings but I am losing confidence and patience.

Decade Of Chaos Could Send Oil To $130 Per Barrel | OilPrice.com

https://oilprice.com/Energy/Oil-Prices/Decade-Of-Chaos-Could-Send-Oil-To-130-Per-Barrel.html