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Looks like we need to put our arms down until the market picks up again. Noone wants to miss the boat when the SP does spike. When that may be is anyone's guess by the looks of it. But with intensified rate hikes by the federal reserve to combat a soaring inflation, general supply constraints and some rather big failures in drug development as of recent I would say that it would be best advised to take a holiday and come back to this in mid 2023. By that point I would be gobsmacked if ONC were not bought up at its truely laughable SP. Sure they are in debt but not for long. And their technology is proven to work and to turn around revenue. I hope that the next report will do something to up the price but honestly I feel like this is an old hymn that I have been singing. Lightweight84 might have had a good point in exiting when he did, albeit for the wrong reasons.
We can hold on until numbers are released in September but don't hold your breath. A takeover now would put me out of pocket....big time
Not sure there is a magic formula, especially on AiM. Buy and hold is you best strategy. This 'seems' to be a quite good SP for one of very few players in a massive largely Untapped market. The spread is just ugly when you are looking for short term gains and ONC is not a short term game.
Markets nowadays move so drastically based on the news. This didn't seem to be the case in the past.
I feel like we will never hear the end of it. COVID is something we need to just get on with. Come on...we have vaccines and there is medicine. Whether you chose to take it or not, I don't care....
How can it be that this is still a problem?!?! It will always be around...
Regarding BP I am currently looking at an average 20% red...this alone is not my problem. If all my cash was not tied up I would try and lower average, however, waiting for pay day and waiting to see where the price will end up a few days down the line. So perhaps not as dramatic just looking at BP where I have been shareholder for last 4 years.
My portfolio was quite tech heavy too with some major investments in stocks that were already battered and were beaten down to the ground further. OG, BioPharma, Tech stocks I own have all miraculously seen abysmal declines. I am waiting for better days
I feel the pain. Well let's wait and see what tomorrow brings RE Divi. I am so deep in the red, at this point I am just trying to come out of this mess with my trousers on. Forget about all the plans I had to provide a decent life for my family...
My advice would be to wait until the next OPEC meeting on 31 March. It might give direction on output and we may have better clarity on the war situation. This has already gone on for nearly 2 weeks longer than Putin had anticipated.
He is not ready for the dimensions this is taking, nor his his cripples economy. Hopefully the Russians will want to break out of there multi-century suppression and move towards more democratic kind of government.
I think it is just confusion in the market that is causing hesitation to invest. Once clarity returns, BP should be back on track (whether output increases or not)
Like I said everyone.... the manipulation comment was a throw away. Of course that cannot be done at this scale. BP is going through harsh times.... it resembles a gender transformation that is not yet concluded. One is not yet quite sure of the outcome until all bandages come off.
To be honest it was a bit of a throw away comment regarding manipulation.
It seems that there are worms crawling through so many different markets. Not much makes sense nowadays. I am just sitting tight and observing. Patience is a virtue. The oil price above 100 and the reliance of Europe and other regions on Russian oil and gas I think we will see an accelerated shift towards renewable. It won't change over night but it will accelerate...and guess what. BP will be ready for that
Lets not get our knickers in a twist here.
BP will recover. Just give it some time and stop panicking. You can see that they are ahead of the pack in so many ways working towards best in class in both OG and Renewables (well put @Happy). Its paving the way for susta8nable and future proof energy solutions. Bp is Beyond Petroleum. So all those old school Oil investors may be disappointed but the company is absolutely on the right track to be lean, mean and with the times. I do agree however that Looney needs to uncorke that Divi bottleneck. I think he has done great things for the business. But he needs to not forget his shareholders!
A 25bn fine for exiting Rosneft is not exactly a drop in the ocean. Especially with soaring inflation and interest rates that are expected to put huge pressure on markets.
The BP story requires some real turnover in renewables to offset some of these losses as well as to prove that it is indeed providing margins that allow for sustainable growth.
BP should be above 400 but I also understand why investors are hesitant. There seem to be better cash cows out there when it comes to O/G business.