Member Info for Thomo1968

https://factcheck.afp.com/electric-cars-france-were-not-discarded-due-faulty-technology

https://factcheck.afp.com/electric-cars-france-were-not-discarded-due-faulty-technology.

Link taken from factcheck.afp.com
Link details problems associated with electric vehicles and their batteries.

Information taken from OilPrice.com
https://oilprice.com/Latest-Energy-News/World-News/JPMorgan-Large-Cap-Energy-Stocks-Poised-For-Sharp-Short-Squeeze.html?utm_source=browser&utm_medium=push_notification&utm_campaign=vwo_notification_1626903314&_p_c=1

Retired Police Officer with Police Scotland. Started my police career as a 22 year old in 1990. Did 30 years and retired in July last year with the Final Salary Pension at 52 years old.

I have held my shares in both BP and RDSB for nearly a year now. I purchased my first batch when I received my pension lump sum at the beginning of August and bought further in October when they were at their low point. Jusr prior to me retiring, I got investment advice and I was told not to put all my eggs in one basket etc. and to choose Investment Funds rather than shares to invest my lump sum in.. What I did was chose twol groups of funds and compared them to my current investment in the oil companies. I take a note of the daily gains and losses for them. I don't trade, I only add when I have funds available and re-invest the dividend to purchase more shares. Like a lot of investors, I am feeling frustrated at the current prices as the July losses have wiped out the June gains.
Comparing my investment in oil compared to the funds, my current gain is just over 36% compared to 29% and 27% in the funds.
I was looking to hold both shares for another year and again compare to the funds as I am not looking to make huge gains on a yearly basis, enough to allow me to withdraw a larger amount from my lump sum to supplement my monthly pension that gets paid into the bank.
Hopefully the current volatility in the share price calms down over the second half of the year when OPEC+ finally agree with each other and the "Green Brigade" can see that both BP and RDSB are making changes to renewable energy.
I know everyone has differnet investment goals. My goal is to have enough money in the pension pot so that I don't ever need to work again. (I am lucky that I have just turned 53 and I have a final slalry pension so going to spend the remaining years living in the sun until I draw my state pension in 14 years time

Hi there. I am all in between RDSB and BP. When I got my pension lump sum I bought shares in the UK banks, the Hong Kong banks and Santander along with oil companies and IMB. All had suffered from the Pandemic. When oil hit the October low, I sold all the other shares and bought into both BP and RDSB. I am looking long term into investing in Funds. I have selected 10 funds to put my money into but I feel that over the next 12 to 18 months, the oil shares may go back to the previous levels so I am just watching and waiting. Made mistakes in the past and lost heavily when my NMC Health shares were suspended so I have been given a second chance I feel with the oil so I am not wanting to blow it. The gains I have made here has cancelled my losses.

Andy - I bought into BP and RDSB in October last year. My October values were 205.13 for BP and 918.18 for RDSB. I have held them, bought more when I received the dividends and I am currently at a 59.24% gain on BP and 57.35% gain on RDSB. I keep watchlists for the shares bought. I bought into both BP and RDSB in August last year when I got access to my pension lump sum and I have made a gain on both on their August levels of last year, I bought BP at 281.37, (16.23% gain) and RDSB for 1162.35, ,(24.37% gain.). I have purchased more BP shares over the winter when I have had the funds available. My total Investment in BP has an average of 223.06, (46.58% gain) and RDSB of 958.53( 50.61% gain). I have made mistakes in the past attempting to trade so I am just going to hold onto them until they hopefully head towards their pre- covid levels. Not in a rush to sell. I will remove a small % of funds on a yearly basis to fund my retirement but I am going to hold meantime. Good luck to the day traders but I don't have the nerves to do this. I read all the articles about both companies and I am sure there will be a good few sets of trading results ahead.

Zac - thanks for posting this information regarding the funds - this is something that I am interested on doing in the future. I currently hold BP and RDSB shares in both ISAs and SIPPs but in the future, I was planning on selling the shares and investing in Funds. I have looked at Income, Accumulation and Tracker Funds to put my money in as I have a target for selling both my BP and RDSB holdings. My average for BP is currently 227.8 and my RDSB holding is 978.01 so I have made a good gain in both at present and I am goingto continue to re-invest the quarterly dividends in both for this forth coming financial year. I am hoping that my "fund pot " will last me for the next 20 years so I am looking at eventually removing a small amount every year from it to add to my monthly pension. I have looked at the HL Funds and I have taken a note of a number, some of which you mentioned in your post. I also thought of purchasing the High Yield FTSE shares, IMB, BATS, GSK and WPP etc. but I am wary that although you get the high Divi, the share value may not have the growth to cover your initial investment - I know it is diversing away from BP but I appreciated the input you gave.

Sorry - you just have to add the compariosn of commodities to the chart and select the oil ones.

https://www.hl.co.uk/shares/shares-search-results/b/bp-plc-ordinary-us$0.25/share-charts

Here is the desktop link for HL

Foxbat - that is good information. I have received my pension lump sum, which I have divided into ISA and SIPP accounts. I am 53 years old and I am able to access the SIPP in a few years. I appreciate what you have said and I am now going to crunch the numbers on the back of what you detailed in your post. I am hoping to have a good fund in my SIPP to dip into from 55 years onwards and leave the ISAs to grow. My intention was to dip into the SIPP and when the funds were finished, to then dip into the ISAs. I am lucky that I got a final salary Police pension last year with a good lump sum. The biggest decision that I will have to make is how long to hold onto my BP and RDSB shares. Having held shares previously that tanked and lost a considerable amount, I am wary about holding onto both for years to come. I looked at the Pre-Covid values for both and I am looking at holding onto them until the shares hopefully reach their old values.

You would be better locking your money away in a bank savings account as there is no risk and the bonus is you get 0.1% interest in a year. That way the covid risks will not affect you anfd that way you will not be stressesd dealing with shares

the buy backs are in dollars. Each RNS states the average buy back price but I just used an approximate value. If someone has the time on their habds they can look on te board and do the sums. I was quoting an approx. value so if someone wants to do the sums. From a very approximate look - it is approximately between 100 - 150 million dollars to buy back. Apologies if am away off but I am being approximate here.

Looking at the company information there are 20.33 billion shares in issue as of today so the amount of shares bought back represents under 0.5 per cent of the total amount of shares in issue.

I had a look at the RNS information on Saturday morning. From adding up the number of shares on the RNS reports, BP have bought 84,397,120 shares back. For argument sake, say the average buy back price was 310, the company have purchased approximately £260 million worth of shares. This equates to approx. $370 million. So for arguments sake, from a dividend point of view, BP will not be paying out £12.6 million in dividends against those shares. About another $130 million to purchase back this quarter.

From adding up the number of shares on the RNS reports, BP have bought 84,397,120 shares back. For argument sake, say the average buy back price was 310, the company have purchased approximately £260 million worth of shares. This equates to approx. $370 million. So for arguments sake, from a dividend point of view, BP will not be paying out £12.6 million in dividends against those shares. About another $130 million to purchase back this quarter.

Bought my first batch in August 2020 - average 281.37, 2nd batch in October average 205.13 and then bought over the winter ffrom November onwards at an average of 282.01. Overall average is 227.80.

Just calculate that at the current Dividend gives you approximately 15p a year. Multiply this by the amount of shares you own. Does it matter a % either way. RDSB roughly gives you 50p per share. Once you work out the total amount received and divide it by the current amount. We are all in here for growth presumably. We all have a sell target. Just enjoy the dividends. Remeber you only get 0.1% in a savings account in a year. At the current share price, the dividend is 4.73%.

I have had a few over the years. Had a paper loss with IQE but regained it with QUIZ. Sold and bought Thomas Cook. Lost 70% overnight. Sold at a heavy loss and then made the mistake of trying to chase my loss. Bought into BUR after they dropped and then my worst mistake of buying NMC again after the shares dropped. Ended up losing over 55K after all my shares were suspended. I was lucky in buying BP and RDSB and my gains have cancelled out my loss. So I am now holding, doing nothing but reinvesting the dividends. Hoping that over the next 24 months to make a good gain and will sell. I have made mistakes but been given a second chance here to claw back my losses. My BP and RDSB average are approx. 228 and 977.

Bananaman - I agree with you on the Dividend return. You just need to look at both BATS and IMB growth. It is tempting to buy into the high DIv, yield but with no growth. Just look at the share price for both over the last 18 months. I bought Bank shares and oil shares last August and I sold the bank shares and bought into BP and RDSB when they were at their low in Oct. I average 223.60 on my BP and 996 on my RDSB. I have kept a watchlist for those shares I bought to compare to what I bought in the OIL sector. When I look at both lists the OIL shares are sitting at the bottom of the gains. NWG, BARC and LLOY have have gained between 69% and 87% over the same time as BP gained 8% and RDSB gain of 12% so from looking at how the recovery has taken place since last August, OIL still has a lot of cathcing up to do but I am not going to sell. I don't need the money at the moment so I am willing to wait. Hopefully in the next 12 - 18 months, I hope to get better gains to catch up with the banking stocks I sold.