Member Info for TheWickerMan

Whatever it is, I suppose we can't really be that suprised by the initial 9% drop. BP has an uncanny ability to constantly shoot itself in the foot. As night follows day

So market is now valuing BP at more or less the pre war price . Wow

Let's hope its a 'personal' issue and not a financial one !

Thanks Meconopsis. Your thoughts are along the lines of my thinking.... although suprised you've sold. Have you found a better return elsewhere or sat in cash waiting for a retreat? I'm staying invested as only really looking for stable income as recently retired (or as stable as you can get).

Rest of my money is going into 5 - 6% subpar gilts and A grade corporate bonds. I've turned very risk averse as you can see ... but happy with an almost guaranteed weighted 6%+ over long term ... with a potential takeover thrown in.

But interested in your thoughts if you think better 'secure' returns elsewhere. Thanks

Might be one for Meconopsis this.

I'm thinking that our half year results might look poor , but will just be down to the recent accounting changes. If my logic/understanding is correct then due to the fall in gilt prices (increased yield) then this will show as losses on the books (compared to prior periods)? . However as these are kept to maturity there will be no eventual loss and will unwind over future years? If this is a reasonable assumption we have to hope the market doesn't get spooked

Have just been looking at price movement here during 2026. Good to see a move upwards today but only 12% above end Feb (pre war) price when oil around 40% up. Billions extra revenue and profit being produced not reflected in price

Of a bigger suprise is Shell... only up 3% and lost almost all of its post war rise. All a little strange to me that oilies have not had much bigger uplifts