Member Info for meoryou

Ade
I understand what you are saying.
There is huge downside risk.
I have never know Central Banks to achieve their plan of a Soft Landing ever.
The markets are very volatile and go from pessimistic to hopeful again in just 24 hrs( sometimes even quicker)
My opinion.
ANd it’s only an opinion is that oilers will be one of the areas which will still have pricing power ( due to OPEC) and will become a Safe Haven.
Not saying they won’t have pain ,just they may be one of the best places to ride out the next couple of years.
That’s not advice to invest.
It may turn out that being in cash is best( but then you have inflation destruction).
There have been several on here who have felt that risk was now too high and cashed out.
So you are not alone with your worries.
BP has by miles been my best investment in recent years.
But my timing at times could have been better.
Whatever you decide good luck with your investments

Ade
It’s not the risk of Windfall tax in UK.
That’s probably something we could easily absorb.
It’s how many other countries decide to copy.
Eg US, EU etc.
Part of me thinks there will still be so much cash around that BP will still generate massive profits.
But it is still one more worry.
I’m counting on OPEC keeping prices in their Goldilocks range around $90_$100.
And most demand Destruction being taken up with Russia.
But the next 12-24 months will be very very interesting.

https://renews.biz/81472/bp-reports-gas-and-renewables-q3-profits-rise/

I really love the way this board works sometimes.
I ask a nosey question from Nomad of where home is now.
And we find out bits of peoples pasts.
You just never know what will be on here next.
( look at last week £5 came from nowhere)

https://petroleumaustralia.com.au/projects/bp-uses-electric-power-to-lower-emissions-in-texas/

Well Nomad
I have to say it does sound just a bit better than here.

Hi Nomad
Enjoyed our little exchange.
I had not really even thought about what could happen till someone suggested there could be problems with fields and pipelines.
Noted from your posting history that you said you were now no longer living in England but were somewhere south and warmer.
I promise not to stalk you but just wondered where that was.
It does explain why people post at times which appear unusual.
Best of luck with all your investments ( but especially BP).

Who’s building a stake
Is it you
Or is it Exxon.
That’s how rumours start.!!

Warthog
I noticed the same onThursday night.( on google)
Only then they dropped sp by 10 p even while US was actually up.
So I was watching closely Friday open.
Which just acted as if it had never happened.
Some ones up to something

https://hydrogen-central.com/bp-forges-ahead-wa-green-hydrogen-despite-high-complexity/

Hi Baz
The first story I heard about pigging involved one of you finest porkers ( a very hairy one) being shoved squealing into pipeline to give it a clean with the bristles on its back.
Fortunately we are a wee bit nicer than that

Hi Nomad1
My posts were really just pointing out the system is designed to work when crude is flowing towards customers.
The can and are stopped from time to time.
Probably never normally in a Russian winter.
And usually only for days( field. Maintenance or tie ins etc).
There are lots of low points where water would collect and start corrosion .
And high points where gases would build up.
Some of these may have access to allow water etc to be drained.
But it would even depend which country you were in as countries like Germany would expect drained water to be treated and cleaned before it could be disposed of.( as it will be very polluted)
Pipelines are never designed to be easy to start and stop.

I think it’s very dangerous to leave a pipeline empty as there will always be vapour, which is explosive.( if air gets in)
They could potentially force the crude out with Nitrogen or CO2 into tankers ?
The real problem is when pipeline is full and customer stops Taking product.
Pipeline can only flow one direction.( to the customer)

The moment the crude stops being pumping through a pipeline funny things start to happen.
And that’s without worrying about the very low temperature of a Russian winter.
The first thing will probably be the water in the crude will drop out.
And since water injection is not unusual to maintain reservoir pressure water content can be several %.
This water will drop to bottom of pipe, then flow downhill to fill all low points.
The next thing to happen is the heavier parts of the crude will start to drop out.
The heavier crudes will have more of these.
Again they will flow down hill ( very slowly ) to low points where they will slowly get harder and harder.
In winter the water will freeze ,with obvious potential for burst pipes.
The heavier part of the crude will just get nearer totally solid.
It doesn’t take long before you have a major problem.
The whole pipeline system relies on the crude moving and conducting heat to the cold spots.
It’s hard enough to get back going again in summer.
In a Russian winter it may be impossible.

Good luck
Will miss your wise words
Although I suspect you will get the choice to come back in lower….
It’s typical BP to close 0.05p off £5

Spights and Jakers it’s been a wild 2 weeks.
You both deserve a weekend off.
Now we have finally broken £5 it’s really hard to know how high sp can go.
I think by the time we come out of this recession they keep talking about.
BP financials will be unrecognisable.
I truly think a Golden Age is ahead.

Might be due to higher European gas prices due to problems at 4 French nuclear stations ( corrosion/ cracks)

Well Spights you never stopped believing.
This day is yours to enjoy.
Good to see you wasted no time in moving on to the next target.
Do you have a timescale?

Sharefall
Could you not have put out that message an hour ago and saved all this bouncing around just above and just below £5

Charlie.
Someone has made big money.
I sold a pile around Feb. when it looked like our house sale hit a hiccup.
When everything sorted I was so pleased to buyback the shares at 2 p cheaper than I sold.
My buyback price about £3.98.
Then I could have got them about 30 p cheaper just a few weeks later.