RE: BRILLIANT POST17 Feb 2022 10:44
Very well indeed thank you, Adrian.
I sold some last week and the week before (have been enjoying the volatility by flipping some as well).
I was worried that I'd sold out too early (not fully, only £20k approx), but now I'm worried I might buy back in too early.
Lots of variables atm; China; Ukraine; Iran; etc.
If I buy back in at the current price, I'll realise 5% on the majority of that cash and the rest has just made its' usual quarterly 1%, as we went Ex-Div this morning.
If we go significantly above £4.00 I'll move my war-chest somewhere else as there's plenty that's down atm and I have a number of targets I usually rely upon.
Otherwise it's a matter of guessing where I want to get back in at if it keeps falling.
Best thing about BP is that it's a long-term for me at 4% p.a.
But sometimes it goes through periods of volatility when you can top that up by flipping the shares.
It's a win/win really.
It's a model UKOG shareholders might benefit from, even the board (by returning some of its' investors cash through some kind of dividend).
Good luck with your own strategy.
:)