Discussion in 'General Chat' started by huntingground, Apr 22, 2020.
ITT Ken Doll starts to question himself
Oil price rebounding well. Need more growth though.
5% down at moment, was 15% up short while ago. Long term investment so no issues. Dividends help too.
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
If I had the dough spare, I'd buy more right now. Swim against the tide.
Massive rally in oil stocks yesterday, some up 7% due to new EU stimulus plan and positive vaccine news. Still only puts me level but sure investment is good for long term.
Glad that you've finally started to see the light.
And if you'd taken my advice and simply dumped your money in Tesla instead, you'd have doubled your money already. All without the hassle of checking your phone every 5 minutes...
Bad few weeks and 10% down approx. Dividend news from BP tomorrow and more bad news expected. This has already been factored into share price I would say.
The second wave is killing the oil market. Time to sit tight, I always stated 24-36 months investment but surprised with the recent downturn TBH.
BP halves its dividend and posted $6.7bn loss for Q2 2020 which is actually better than expected (commodity trading division done very well).
Interesting to see effect on share price at 08:00.
Just shows how fucking dodgy the stock market is.
Still 5% down overall, with Shell being 10% down but BP being level. Dividends are coming to ease the pain.
The two companies just had terrible quarters, massive write downs and dividend cuts so the only way is up.
I didn't think I'd be down at this stage but when I look at what has happened, 5% down is actually OK.
Long term outlook is still fine IMO.
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