Member Info for MarkGo

Just for info....

DEUTSCHE BANK STARTS ROYAL DUTCH SHELL WITH 'BUY' - PRICE TARGET 1,937 PENCE

DEUTSCHE BANK STARTS BP WITH 'BUY' - PRICE TARGET 313 PENCE

Cong

Agree. A total of '4', yes '4' new Covid deaths reported yesterday a cross the entire UK. A vaccinations, herd immunity tipping point is coming in the UK and globally. It is just a matter of time.

End of this year Covid will be a viewed as a flu like concern requiring an annual boost for the vulnerable, like the annual flu jab, and BP at 300 will be seen as a unbelievable missed or taken opportunity.

A positive report on oil demand and the global recovery.

Global Oil Demand Boosted By Strong Road Fuel Consumption
https://oilprice.com/Energy/Energy-General/Global-Oil-Demand-Boosted-By-Strong-Road-Fuel-Consumption.amp.html

Rediscovered patience.

I commenced investing in BP in January with a 12month+ recovery view. £200k of my BP investment is in my Sipp which I do not intend to draw for 2-3 years. The rest I have no real requirement for in the short - medium term either.

I have found myself recently with way too much time on my hands spent monitoring BP's daily/ weekly SP movements and allowing this to obscure of original investment thinking and affect my peace of mind. My mistake.

I have now recovered and refocused on my medium to long term view and, with this, a contentment of the level at which the SP currently fluctuates. Recovery and managements business agenda needs time.

Things aren't that clear right now. That's why I need to be patient and persevere with BP and see where things lead with the recovery.

Have patience. All things are difficult before they become easy.
Saadi

Patience is not simply the ability to wait - it's how we behave while we're waiting.
Joyce Meyer

Patience is bitter, but its fruit is sweet.
Jean-Jacques Rousseau

All applicable to BP.

Have a great day. Onwards to the Q1 results and beyond.

MarkGo

On future oil demand.

My concern is that current oil usage is already back to near pre-covid levels, I recall around 95%, so with the price of oil already reflecting current usage/demand in being up from mid $30s to mid $60s, where is the additional demand / growth going to materialise from ?

I appreciate the current restrictions on travel, be it flights, car journeys etc but that will not have a massive affect on demand and I would take an uneducated guess that airlines have already put in future oil orders now.

So, with industry, manufacturing, cargo transportation already working, where is the demand for enough oil to make a substantial difference to where we are today, back to pre-covid demand and near usage.

I am heavily invested in BP but I have concerns that the above with the demand of gambling with billions on every green energy opportunity will cost us the company, and more importantly us, dearly.

Still waiting to make my first Oilers fortune.
Never.......
Could you start to consider for a second this could 'now' drift back to 294" ?

Chittybangbang

Mr Green. Not everything is as green as it seems.

By way of example, for a future green nirvana, rare elements are required. These are distributed in tiny quantities, vast piles of ore need to be dug up my massive machinery, not powered by wind, processed and refined to produce minuscule amounts for green energy projects. Land is destroyed, natural habitats destroyed.
For a single kilo of gallium – used in energy-efficient light bulbs in a green world , 50 tonnes of rock needs to be excavated. Always two sides to an argument of whats best for the planet and our children.

..... I see oil down off its dizzy heights by 0.1% and BP sinks, Oil rises by 5% BP sinks. Now it makes sense

Bobcats
I am not a fan of the green revolution but recognise how companies such as BP have been forced to invest and transition long term to pander to the clean green lobbyists and retain investment from investment funds/pension etc. In dirty oil but this is clearly at a dear cost to investors.

Today is another example of BP's poor SP performance along with all other current duff oils. I would not like to imagine what would happen to this flatlining SP if there was any actual 'bad' news. It's gasping for air to keep afloat with loads of good news.
Short term black gold or fools gold.

Bobcats

Bullish long term still but would have expected the SP would have responded to nothing but positives. End of year debt target achieved. Oil around $25 + pb over break-even level. Global oil demand predictions up. Market boosted by daily recovery news. Yes I am impatient to see a reflection of a little of this in the SP.

What will it take I wonder for this gigantic oil sloth's share price to be energised. Oil at a level that could only have been dreamed of 6 months ago. A unbelievable fantastic trading update last week, 11 days to the Q1 results and it yet treading water, bobbing forward and backwards.

At 323 on 12th March there can't be many who would have predicted 304 16th April ?

I may have to revise my uninspiring suggestion of 317 on results day downwards.

HSBC RAISES BP TO 'BUY' ('HOLD') - PRICE TARGET 355 PENCE

8th June 2020 Brent oil $39 BP SP 366
16th April 2021 Brent oil $67 BP SP 304

Mojo

I think you are correct. The westetn world green clan seem to be able to punch well above their weight without anyone willing to call them out the 'fake' green revolution. It is the old story of the Emporer's new clothes.

The 'Green' agenda, politically correct nonsense looks 'Green''. But it is an illusion. It is sheepishly widely accepted as true or professed as being praiseworthy as kind to Mother Earth with absolute unwillingness of the general population, politicians or companies to criticize it or be seen as going against the in vogue Western liberal bullsh*t privileged opinion.

There is an ignorance or denile to how much bad energy and pollutants are used in the smoke and mirrors creation of fake clean, green energy. The Green industries are snake oil salesman of the 21st century to gullible idiots and tick box ' Green ' politicians and companies ie BP.

BP's investment in this will cost them and their investors dearly. Unfortunately they are trapped in a never ending green money pit.

Shorting ???

I don't believe shorting is the reason BP, just like all other oils are stagnant. Oil is near $67 and BP is treading water at best. Not from the stupid sub £2 levels but over the past three months.....flatlined.....

Genuine recovery shares have been recognised and have SP momentum for their future recovery potential, airlines, leisure, retail etc yet we all wonder why for the oil dogs have not been recognised even with oil at near $67. Could it be that our echo chamber has reinforced an incorrect analysis and that the market is correct. Are we dillusional. A broken clock is right twice a day. BP will recovery eventually. The question is how long is eventually.

I have Q1 results SP @ £3.17.....I would be happy for you to be right but I believe we need H2 to touch £3.50. BP's share price advances as slow as its tankers. £3.50+ H2.... £4.00+ 2022

Hi Moneyboy

Whats going on here. Have you got some insider info. You increased from Q1 gestimation from 322 to 350 within hours !!!!

Lets have a bit of much needed fun.

What price do you think that the share price will be at the market close on 27th April at 16.30pm

Moneyboy5000 - £3.22

Never
Quote
"Why do you think for 1 second this will drift back to 294"

Oil is down 0.5%
We are down 0.75%

Love to know your logic

WELL....

Oil UP 0.5%
WE ARE DOWN 1.30% 309 to 303

logically possible

Never

My logic of why the SP could 'possibly drop back to 294.

A fantastic update last week 7th April SP temporary rise to 305, 9th April back to 294, 12th April back to 291. The Poo has been in the range of low to mid 60s for weeks now.
It has happened before and nothing fundamental has changed since the SP was last 294 just three days ago.

On BP's recent SP record, it could possibly happen.

MarkGo £3.17 (1st choice £3.16 taken)
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