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I bought in yesterday at 316. Happy to be a long time holder here. I think your assessment is right. The SP has seems to be in a holding pattern at the moment with maybe 10% movement.
I think Sunday is important in 2 ways. Does Boris actually make any changes that improve demand for oil and 2/ doe he present a viable roadmap for coming out of this? Confidence is a big factor in terms of how people invest.
I agree some people will be fearful of ‘going back to normal’ but I think lots of people are champing at the bit to get out and on with things. We are going to start see some considerable increases in demand, as people get in their cars and back on the roads.
Obviously the key question is can we avoid a second deadly wave? My worry is that our number of current deaths remains stubbornly high. If R jumps back above 1 in the May and the coming concessions are reversed my gut feeling is this is going to go below £3. If the news on Sunday is positive, we have a sunny weekend, VE celebrations and price of oil stays about $30 then I think we could come back from the BH weekend up 20p.
Now 308
Sorry 320
Opening up at 330
Cinemas might re-open in July but the social distancing measures will drop their capacity massively. Absolute nightmare for them... how do you keep 2m apart moving round cinema, buying sweets, using toilets. And will people be confident to return. I wouldn’t go to the cinema or a stadia based sporting event for a good while.
Boris addressing the nation on Sunday with the lockdown update. Lots in the media today... ‘stay at home’ message going, Sun headlines ‘you can have picnics with your pals’ and ‘exercise all you want’. Some schools start of June. Sunny few days ahead too.
What do people think... are we on the up today? If this goes anywhere near £3 today I’m in!
Cinemas reopening... when will that be? Maybe at massively reduced capacity at some point. But can’t see full cinemas before a vaccine is found, can you?
https://www.bp.com/en/global/corporate/investors/information-for-shareholders/dividends.html
Ambitious!
You talking about the price of Brent dropping?
Are people certain this will drop after divi? Seems like a strong day and lockdowns easing = confidence returning
Thanks. Appreciate that. So are they more aviation and ships in terms of their product / sales?
Japan lockdown extended to end of May (and they have very low number of cases) and electric cars being pushed in China.l as the way forward. And we have a blue day.
Do people think the Gov ‘how to get out of lockdown’ on Thursday will have a +ve impact. I have a simple theory. Easier to self-isolate in a car than on public transport so I expect demand for petrol to go up. Maybe offset a bit by people a/ waking and cycling b/wiring from home and c/ those scared to come out for fear of catching the virus
Glad to be of service. Presentation coming on Wednesday should result in a nice rise. Not going to hit 10p for a while but any buys around 7.5 and you’ll do well if you hold this for 6 months.
BP seems flat today. Nearly bought but holding back. If they reduce or cut the divi, what do people think this would do to the SP?
Thanks. Appreciate that. 15 mins... how slow is that. My shares app is much more accurate than LSE!
Bit = price
This website showing BP at 3.01. EQI offering me a bit at 2.93?
Fair play and sorry for my mis-understanding. Enjoy your Sunday
Generous of lseo375. Good luck.
Makes you wonder what these bulletin boards are for...
Th aka for the comments. I didn’t really post to start a debate on GGP. On that subject... the fundamentals are all there. 7 great sets of results. Ultimately the likelihood is they will be bought out this year. Could be the biggest gold mine in history and the copper find isn’t insignificant.
Any advice as per my BP related questions?