RE: Brent over 583 Feb 2021 17:05
Been reading some of the posts here for a while and some very sensible views.
It does seem like the drop is overdone.
Reality is, the worst is behind us, the UK has vaccinated over 10m, oil is flying, infection rates seem to be dropping, deaths seem to be falling - basically we can see light at the end of this very long and dark tunnel!
As soon as we get news of restrictions easing, this wil fly.
I'm fully in so cant buy any dips etc but I'm not worried at all.
I agree - but I think the volume sales are the drag. No point making big margins if the turnover is only 10% of normal. 2ndly BP is not just a UK company so whilst we are looking better - europe & ROW is not and hence the negative sentiment....
having bought here at £3.08 post mondaco spill and still holding & buying it I do have faith but the return to £3.50+ is a long way off.