RE: OPEC +2m Cut - Ukraine infra- Iran Civil War- BP SP OK -DBNO FFS12 Oct 2022 19:55
Seriously- i'm going against my gut and 'doing a Buffett. Simply hanging on and trying to buy some on the dropsy. According to Buffett, a company with good profits and a profit in demand should rise when Mr.Market's manic depression subsides.. At least when the dust settles in a year or whatever the debt will be cleared nicely, the divi increased and maybe some new producing assets.
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On the other hand, if another oilie such as cairn or even bp comes down nicely, hopping into a less manipulated share (rather a shares which rises (properly) with the market and could be on the cards. On paper HBR looks great but as I said some days ago, the sp is as synthetic as my winter vest. In short: I'll play it by ear, but if the market really takes a tumble, really good opportunities in this sector will appear.