Member Info for sharefall

I agree. Their cushy jobs however depend on not being noticed, so they may not like the adverse publicity. Not for the country's good or any such ideals, just preservation of their nice cosy jobs. Let's hope so anyway.

Just starting out. Thanks for sharing. This publicity of harm to a British company will hopefully help build pressure on the SFO to conclude this one way or another. Atb

Cookoo, do you know much about vaccines? There is a ton of research available for free on Google that will point you in the right direction so you may want to give it a try. Otherwise statements like this might just qualify you to be a journalist! ATB

Android, good question. I would have thought they can as it's already stated as a target. Why not take advantage of the depressed price to buy more back.
Anyone know definitively? Thanks.

Paddy, I agree. Mr Slift is being a bit naughty here I feel. The disclaimer has been a feature of numerous companies in this pandemic as the rule require them to declare a worst case scenario. To infer anything more sinister is a tad naughty.

Anyone have an idea as to why the market on the whole was negative today? Pretty much all of my portfolio is down today across a range of sectors. I'm a bit flummoxed TBH

DT, agree the timing could have been better but equally it's only an issue if you are invested for the short term..

Even if this was on the cards etc, I wouldn't expect PFC to announce anything directly. This is a SFO investigation, so they will need to announce any progress etc.

TP69, good call. My ave is about 122 so I'm only just in the blue. But still happy to hold for several years at least. ATB

Hopefully will finish green and we can all get back to normal activity. 2020 was a catastrophic year for the energy sector so not really sure why the surprise at the results. The SP reflects this already. Now it's a matter of recovery and direction of expansion. Increase in green energy projects over the next 2-3 quarters could be a game changer here. In 5 years time this shock and re-set may be a blessing in disguise. ATB

Chri55, Yes I am more than happy to keep my investment untouched. I have a longer investment strategy than most people here so am absolutely comfortable.
The results are as expected. That is the key. In line with sector performance.
You are clearly on a different strategy. Rather than insult each others choices, why don't we just wait and see?
ATB

Will be nice to see brent go past and hold the psychological $70 pb figure. Then as volume ticks up we should be good to go. Europe seem to be getting to grips with the second wave finally. India is a massive consumer so a set back there but vaccination programme going well currently so hopefully will turn the corner soon there too. Headwinds are easing slowly so people need to stay patient. No point focusing on the end of the month results. 2022 is when the real gains will be made if one can just sit on their investment. Can't believe the timespan some investors are looking at. The trading practices of 2020 are behind us and we are moving to a more orderly place now so one needs to re-order one's investment strategy accordingly. Jumping around from one share to next was ok in 2020 but now its time to sit and wait and wait and wait...ATB

Results are as expected. Not sure what anyone expected but was clear to most of us and I assume the market, that dividends would remain suspended. This is sensible until normality returns. We are already in Q2 and oil price recovery has been much better than analyst predictions - so more money than expected for investment in projects where PFC have a stake. I am reassured by the clear willingness to bring SFO case to closure. This is different to the posturing by the previous CEO and as I had hoped.
Liquidity is fine so no wonder shorts were closing. Not expecting anything spectacular but steady rise from here. I completely disagree with drop predictions. Nothing surprising or unexpected so why will the price drop? All IMO and time will tell of course. ATB

TP69, well done. Keep your winners going and sell the ones not so well performing. So often people do the opposite because of fear of losing gains and losing initial outlay. Illogical of course to do that but it takes maturity and experience to keep you winners running and yo cut losses early. Anyway, let's hope tomorrow affirms we were right. I've not sold any. Not saying I wasn't tempted, but I have reminded myself why I bought in the first place. Rest was then easy. ATB all.

People banking profit before the results. Understandable but is acting as a drag on the SP rise. All will be fine for those willing to be patient. Just means post results, those who sold already will not be there acting as a drag.
Insider trading is banned but it seems some sense of good news has leaked. Or the analysts are predicting an upturn. At any rate, just a matter of waiting now for the re rate. ATB

Chri55 is such a gent. His mother I am sure is so proud.

Meanwhile, PFC will report on Tuesday and hopefully we can move on. The re-financing was a key moment. The results we know are going to be bad and why the SP is as low as it is despite the SFO investigation. Now it is time to move on. This is massive recovery stock IMO. ATB to all holders.

NSS22, what IMO you need to also factor in is anyone with short positions will feel the pinch so the rise may be more than simple arithmetic. ATB

B Eagle, I think you are right but we will disagree on time scale. Even in the West, it will take a lot longer than people wish. My point mainly is the population is growing so any shift to green energy may offset rising population demand, but to reduce current consumption when the population is growing, will cost too much currently. At best in the next 20 years, the world will not consume more fossil fuel than current. Reduction IMO is a task too far, especially when economic damage from the pandemic will leave even affluent countries struggling to maintain standards of living.
I looked into solar panels. Even at lower prices, without subsidy, it would take me 15 years to break even. So, guess what, I said no thank you and put the money into stocks. The dividend more than pays for my electric bill. I'm not being smug, just illustrating the scale of the challenge. So anyone thinking we're getting rid of fossil fuel consumption quickly, IMO will be dissaponted.
ATB

IMO, we will be surprised by the rebound that will follow the Q1 results. Medium to longer term, people are forgetting the collapse in exploration activity and significant reduction in shale production - these will have a massive impact on supply. Going green is very well for affluent countries. The rest of the world will still need fossil fuel to feed and transport their growing population. Until population growth is reversed, no amount of green energy will offset sufficiently the demand for fossil fuels. Sounding the death knell of fossil fuels in a year when we have had a lot of time to navel graze is all well and good, but reality will set in when we are over this - and I agree this is going to take to 2022.
Coal could be dispensed with as we have had nuclear as the go to option to generate electricity. Eventually in 30-40 years, I can see technology will provide an answer to our big consumption of oil, but that is a long way off and by then RDSB and BP will have moved to become energy producers in a more diverse sense. I will also have joint Prince Philip in the afterlife by then!
PS. I have an electric car and I know how much it cost to buy. Makes be laugh when people say everyone will be in an electric car in 10 years - seriously, in the UK maybe as we don't travel long distances generally and can afford the car and infrastructure to support. But rest of the world - dream on. ATB

BoBetts, time will tell of course. I am happy to wait as even if it takes unto 2023, the dividends are good despite the reduction by 50%, relative to other options.
I think people are underestimating the effect on share buy back on the SP. All IMO.