Bp Share Discussion Threads

[cobourg1] 01/10/2020 16:45

TrickyTree

Most of us are in the same boat having bought at higher levels. The best course of action is to hold and you may not need to hold them for as long as you might think.

Reasons for hope:

You have got the dividends to keep you warm and where else can you get a substantial income from a safe investment. BP is not going broke.

The world needs to find 5 million barrels a day to replace depletion, the current lack of investment in exploration and development will produce an oil price spike sooner or later when demand increases - and it will increase.

Low prices lead to lack of concern about usage and inhibit the economics of alternative energy sources.

Stand on a motorway bridge - how many electric vehicles do you see go by? Oil will be an energy source for years yet especially for transport.

The world is a dangerous place and the Middle East is especially dangerous. Imagine Iran causing trouble around the Straits of Hormuz. What do you think the BP price would be then? I personally think that trouble with Iran is not far away.

The oil market is inherently unstable. Slight under or over production compared to demand has a violent effect on the price.

I could go on. Just remember that selling at a low price is no remedy for having failed to sell at a higher price. We have been here before with oil gluts.

Tomorrow I buy some more at this bargain price. Let's see where we are in a few months time. The surefire way to make money is to buy something when it's cheap and hold it until it goes up in price. It really is that simple.

[tahmina1] 01/10/2020 16:34

Salt - agreed. China and ASia recovering fast and they are the major consumers. Reports of oils demise have been exaggerated

[trikytree] 01/10/2020 16:33

2, 5, or 10 years!? 😩😩😩😂 Could do with 6 months. Average price 270.

[saltaire111] 01/10/2020 16:24

Long term BP will be fine, just need to sit tight and ride it out.

The world still relies on oil, and will do so for decades to come.

The Covid situation will resolve itself - either a vaccine will be found or we will all learn to live with the new normal. It’s just going to take time - be that 2 years, 5 years or ten.

Salty.

[martyn9] 01/10/2020 15:18

Agreed optomistic,i hold a small amount of BP stock but have incurred similar damage with housebuilders!! all thanks to the chinese plague.

[optomistic] 01/10/2020 15:14

Imastu, as we all know nothing is permanent on the Stock market but our recovery is starting at a very low ebb and the way it's moving the tides not fully out yet.
I like Skinny have been in a long time at an average of 350p excluding divis and fairly large holding so it all looks a bit sick for me right now....fingers crossed for better times. Maybe these will come for BP for us before dementure sets in ;-(((

[purple11] 01/10/2020 15:11

9% stop loss hit

thats me out gla

[imastu pidgitaswell] 01/10/2020 14:54

Thankfully just the one tranche, at 281. Just tipped into a four figure sum down. Which is fine - pretty lucky, I feel. Not added, as it is just isn't a good idea. Yet, maybe never.

Looking at this, RDSB, VOD and HSBA, FTSE heavyweights all, truly the times they are a changing.

Question is whether it is permanent.

Takeover? Never considered it, but yes, if this keeps up consolidation must happen. Blimey...

[skinny] 01/10/2020 14:48

On my original holding which I bought 10 years ago, I've just gone into negative territory INCLUDING dividends!

[optomistic] 01/10/2020 14:41

BP has now become a disaster! Helped along nicely by the new CEO and his change of direction for the company.
BP is now left fully open for a takeover, which starting at this low level the price realised would be nowhere near the true value of the company and would leave many holders well out of pocket.
All we can now do is sit it out and wait but this is not going to be a short term hold.
PI's and pension funds alike have been well and truly shafted here :-(

[t-trader] 01/10/2020 14:35

Anybody think the previous dividend cut will be held or will it go altogether?

[purple11] 01/10/2020 14:19

THE HUMBLER

[shieldbug] 01/10/2020 14:10

Share price back to 1995 levels?

[utyinv] 01/10/2020 14:06

We need to get people back to work where oil is consumed in order for the price to go up. To much supply and too little demand.

Also it looks like the snowflakes who want to eradicate fossil fuels overnight are winning the argument

[sr2day] 01/10/2020 14:05

when the robots do the selling human investors need to keep calm and not panic into selling.this is what they are aiming,so do not sell and you frustrate the robot to change direction.this is how it works nowadays.

[andyj] 01/10/2020 14:04

It is certainly the safest short on the market but if you look a few years down the line it is probably the biggest bargain.

[claret dragon] 01/10/2020 14:01

New 20 year low

Mind blowing

[purple11] 01/10/2020 13:21

it will go far lower than 218p by the look of it.

180 probably

[ny boy] 01/10/2020 12:42

Testing the March lows now, I think the intra day was 218p approx

Lining up a big long March ‘21 spreadbet to reap next spring

[sr2day] 01/10/2020 12:29

i think the algos will drive this down to 200p before it bounces back.

[slinkyj] 30/9/2020 20:45

I'm in and will keep adding if it drops more. I can see this being a bagger if a vaccine/ treatment gets confirmed.

[hem007] 30/9/2020 20:23

Yesterday?