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Overblown - OPEC said they would only cut when the interest rate and growth environment allows them to do so. Could be a good top up opportunity if POO crashes over next few days. I'm watching closely

.. the oil price & sentiment is on a knife-edge, we're only one build, inflation or China demand report from a spike/crash in oil price and thus share price. Aside from a tiny position in bp & shell I'm watching from the sidelines. Will dip back in at 460 and below and start rebuilding a position, hopefully the summer travel season means we start seeing demand increasing above seasonal affects and more draws in the US.

Seems to be all quite on the M&A front (save for the small Australia conveneince deal) - hopefully we get something big and juicy. I think MA has it in him to surprise people with a large M&A play beyond the scale of what Looney achieved. Cashflows look solid, debt is a little high but so is our cash balance. In short, we can afford a large acquisition. An addition to our oil reserves would throw the cat amongst the pigeons strategy wise - Who knows!

This is just a continuation of the ongoing Chevron and Exxon US acquisition activity, after the last two years the industry has and the cash it has on hand it is inevtiable the smaller players in the worlds strongest oil market (demand) get swallowed up.

An acquisition of a supermajor is a step-up from any activity we have seen to date. Dont kid yourself that a $17bn all stock acqusiition is on the same level as bp getting acquired.... (however much I'd like it to happen)

Its going to be a rough H2 investment wise with the UK and US elections - my investment stratgey for the next 6 months is just to continue adding to the 3/4 ETFs I'm in and ignore any movements. Also building a small position in an India focused ETF as their GDP growth is set to be huge

I wouldn't bet against this dropping more, we're only one large oil build away from 460s.

+'ve I see on macro is the earnings season we are currently going through most industries are delivering pretty strong earnings which will flow through to Q2 earnings

Currently on a sharesave scheme, £3.91 strike price 2026 vest date - seems a no brainer way to make a couple of thousand tax free - although it annoys me it doesnt generate dividends through the program.

This years programe comes out soon - I'll only do it if we continue sliding downwards and we get a c: £3.70 strike price

Made £11k profit (tax free) from my last one, had a £2.49 strike price, sold for £5.58

Here we go... not buying at >460p, took a position in NESTE this morning

Bp at

Bp at

I'll keep trying! 4th times a charm

I'm a buyer at

Not getting caught at the value trap here again, I'm a buyer only at

LSE cut off half of my message..

Not getting caught in the value trap here again - I'm a buyer at

Not getting caught in the value trap here again - I'm a buyer at

Hi Jakers,

I cant see the EU (or any other trading bloc/country) sanction this. It sets a dangerous precedent and there's a reason most EU countries are against this.

The only thing I can see is each government coming out and stating rules their companies have to follow to dispose of russian derived assets - e.g. govt's need to be made aware of any sales x months in advance and allowed to vet all parties involved. There's a bunch of middle east and Asian states who would encourage their national champions to pick up assets for pennies on the dollar. We might not get 100% back, but we'll sure get something. Remember, all we've done to date is resign from the board and changed our accounting. The dividends and value of the stake is very much real and growing QoQ.

Good question - and I agree with the poster below as to this complicates things for any potential buy-out.

Say we do onshore the profits from Rosneft to date, or at least the divi's - surely this goes to a special dividend and not to the balance sheet?

Thinking of taking a position in NESTE, post their earnings miss. Looking to understand the bear case from people with O&G experience - any thoughts?

(as a side note, would be a solid M&A move at current prices for one of the O&G big boys)

There should be a golden rule on stock forums - you can't use hindsight to back up your arguments. We'd all be rich if we had it.

Trading on margin tells me all I need to know! :D

The whole plan makes me laugh, where do labour think they'll get the money or people willing to join such a venture? The world has moved on from the 70s. Its a manifesto filler and thats it.

If they increase taxes anymore on bp / Shell UK derived revenue, you're forcing them to relocate to the US. No wonder the FTSE is on its last legs. We dont have a pro business political option in the UK.

Wow a lot of anti-bp commentary here today - the SP YoYos continuiously between 445 - 520, its one of the most reliable stocks to trade these days and there is easy 10-20% to be gained plus divi's for those who watch closely.

The days of holding Oilers for the pension is over, its a fundamentally different investor proposition now, catch a value trade and sell, instead of holding for 20+ years.