RE: oil price10 Oct 2021 10:44
Odd article.
There wasn't the scope for BP's SP to rise 37% last week.
Wonder he hasn't commented on how BP was £6.00 three years ago and fallen 50% since.
Or risen 50% since October last year (when I doubled my holding, heheh).
They were £3.00 a month ago and rose 17%.
lolol
BP's SP is being held back by their dividend, which was nearly halved after covid struck and after RSDA did halve theirs.
RSDA have restored theirs now, but BP are only inching back.
All irrelevant to UKOG whose SP was at 0.65p when BP and RDSA started to fall and have been in slow and steady decline to their current proud level around 0.13p since.
"now oil price is on its way up above 83 a barrel. horse hill is back producing"
Lolololololol!
When they were paying people to take it away, UKOG's SP was 0.4p.
Now oil's risen to $83/bo, UKOG's SP has fallen to 0.13p.
0.65p - 0.4p - 0.13p.
Eighteen months, during which time oil has gone from -$0.00 to $83.00.
But people r still more than happy to tie the two together.
:D