The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
....."'' I dropped our thermostat to 13C in mid-Mar22 '' You must be cold.".
Nah he lives in Marbella.
I am worried sick now Finland and Sweden just pouring fuel on an out of control situation.Next week China and India will do the coming out and that is me running for the hills.No need to worry about recession.
Gents,
With Recession doesn't matter how you put it households will start spending less as a consequence the economy will shrink and so the demand for energy. There is no good sector to be in during recession period.
It's probably best to talk about sectors that will be less affected company that will be able to pass down the costs without extra operational expenditure, commercial property landlords as an example.
As for BP you guys are still forgetting the significant debt and that the dividend was unsustainable at previous levels.
hence the huge commitment towards buybacks.
£5 SP by end of '22 is too optimistic in my view, I would be over the moon if we can establish a new solid baseline at 4/4.20 and run for below £5 sometime next year.
Food for thoughts and few things to put in perspective if your holding time horizon is 5 to 10 years, the nuclear sector is regaining momentum, renewable ops are not profitable as oil ops, the Hydrogen saga well it's still a saga.
The good news is that we have a rockstar of a CEO and if he nails the transition I will be laughing all the way to the bank.
Hegel innit. Power to the people!
PeterH1,
There were few wannabes and there was the GUY " the Oracle"! I am just too lazy to go back and look for his posts but as I remember he had an impeccable record, you could tell he was on another level by the way he presented the facts and correlated data to the markets and geopolitical events.
Around the final push for the 300 he told everyone he had made enough money and was starting his own business, few around here were crying and begged him to stay. As I said I am not into crayons and candlesticks matter of fact I completely ignored my holdings until the Ukrainian war news but few things are very real and correlate to a herd behaviour.
Pull back after ex Div date, bouncing dead cat, trends movements to name a few, I am too lazy to research and too dumb to understand more complicated theories of planets alignment but I am willing to listen.
On Rosfnet I would not say that I am worried but there are few things to consider in particular if your target SP is around the £6 mark as this would be way off fair value as things stand. We were getting a LOT of really cheap barrels from the Russians, our operational costs will levitate as we will try to close the gap, I need to look into this but also the trading ops profits will probably be affected, bottom line is that the damage assessment will be clear sometime in the future not now.
Happy with the £5 mark by early next year.
Fracking good business? If memory is not failing me all the shale gas companies in the US were one day away from bankruptcy 15 months ago, that is when the Russian and Saudis were playing who chicken out first on increasing oil output.
@ S.
I am Not a crayon or astrology guy either but I was impressed on the guy calls. Understanding some herd behaviour and trends is not going to hurt I guess.
scratching my head..... what's the upward outlook on LLoyds considering the big punch in the face we are about to get with inflation skyrocketing? Guess you will be stuck in there for a while but nothing to worry really.
I feel for the brave guys who sold BP for IAG two days before the debit machine results were out. Ready, go! -12%
Any degenerate fluent in technical analysis on this board?
A year an half / two a guy on this board made admirable returns trading on and off BP's shares. Beyond me how his calls were all spot on. God knows if it was luck or something else from the above 340 ish down to the 190s and up again to the 300ish, a genius!
Ex Div very soon, so few more days in the green me think!
By the way....degenerates just hold your shares! support the push, this is a 2/3 year run.
..."The loss of Rosneft means BP has lost half of its reserves, a third of production and a $1bn annual dividend."
Not sure about the numbers above but.... Rosneft was the cheapest oil supply from all of BP's operations. Now somehow that stream must be replaced and operational costs will levitate.
Ouch...why ?
What was the rationale to sell off BP with barrels running at $100 and buy into IAG a piling debt machine on steroids ?
I remember having the same conversation 2 years ago with a Dudley hardcore fan.
Once established that IAG, BA and airlines in general are a difficult topic you see why I don't understand RR either.
I am going to stick with the energy sector until things settle down a bit.
Good luck anyway
Don't worry about it. As things stand the 350 to 450 region is fair value. We are a company in transition with a significant amount of debt to clear and a commitment to a big shopping list.
Looney will take care of the morons when needed.
"450p - mortgage cleared :)"
LOL
Ex Div date soon Gents.....
Is Happy Investor still posting his reviews? Back to read some comments after a year 1/2.
Bought decent chunks sub 2 and all the way up. I was hoping for a quick recovery run but overall still super happy where the company is going, however I don't see the 5 mark coming soon.
The CEO is a rockstar!
"There are lot experts here who wants to penny pinch, they may get few pen....."
Expert don't penny pinch.
"Will it bounce back tomorrow?"
Might not until next week, BP to mop up cheap shares from paper hands
"Last time i held for Shell dividend i had my @rse handed back to me the next day!"
This time is different. The SP must be sustained on the back of the share buy back and favourable oil price
" See where it ends today there’s less incentive to hold for some now they got divi and profit"
Paper hands Lol.
Funny fact, it's the same people morning and b£&&-_#ing the SP struggle on his way up.
The landscape isn't any better elsewhere if you are an income investor. You just need to sit tight and ride the storm. To add to the previous and expressed in different terms, what you are missing out on div growth you gain in share value and company growth.
some comments... You guys realise that one of the main reason to opt for share buy back when you have a lot of cash available it is firstly because the share is undervalued. In simple terms you extract value from the fools. Don't sell the silverware just yet.
Don't sell the silverware just yet.high 300 / low 400 in the cards for Q4 .If you are in for a miracle or x00 % returns this might not be the place for you.