Some news for investors

by **arjay** » April 28, 2010, 10:10 pm

Shell are up 55p (2.7%, on the day) at the moment. I understood they were more diversified than BP.

I note your comments about Shell's withdrawal from Africa, OT. I'll keep that in mind. The Oil companies give good dividends (income).

I've got an indirect holding (through an Investment Trust) in Impala Platinum Holdings. Aren't they out your way?!

by **old-timer** » April 28, 2010, 11:14 pm

arjay wrote:
I've got an indirect holding (through an Investment Trust) in Impala Platinum Holdings. Aren't they out your way?!

Not that I'm aware of. Sounds like a City of London Company to me. There is a lot of British interest here in Africa, although the Chinese are making there presence felt.
The problem with the oil in Eastern Africa is getting it to the sea tankers. At the moment a pipeline from Lake Albert to Mombassa is being considered, however the oil is dense, so the pipeline will have to be heated. Still, the oil is there and the western world depends on it, and if it can be sold at around 70 bucks a barrel a third world country will overtake the UK, thanks to the British Company that found it.
Every week Tullow Oil are discovering more oil and the government here are rubbing their hands together.

OT....... $\:D/$

by **old-timer** » May 4, 2010, 6:49 pm

arjay wrote:I added to my holding of BP shares today,

BP have taken full responsibility and have agreed to pay for the recent oil leakage in the Gulf of Mexico. The American government added that BP are responsible and must pay. It could take three months for BP to drill relief wells that could fully contain the spillage. It's been reported that it could affect the livelihoods of thousands of people and seriously damage the environment of the gulf states.
I got an idea there will be a mass tort thrown at BP even after they have cleaned up the mess.
Arjay - Best dump your BP holdings.

OT....... $\:D/$

by **cookie** » May 21, 2010, 12:24 pm

Dow tumbles more than 300 points
AFP
Published: Thursday May 20, 2010

US stocks slumped Wednesday on European debt and US unemployment concerns as well as fears that the American recovery could be losing steam, with the blue-chip Dow index tumbling more than 300 points.

The Dow Jones Industrial Average slipped 252.80 points (2.42 percent) to 10,191.27 by 1750 GMT, after losing as many as 328 points at one stage.

The tech-rich Nasdaq composite fell 71.33 points (3.10 percent) to 2,227.04 while the broad-market Standard & Poor's 500 shed 30.11 points (2.70 percent) to 1,084.94.

Commodity and industrial stocks led the extremely broad sell-off. Oil prices hit eight-month lows on fears about the impact of the eurozone crisis on energy demand.

The Labor Department said initial jobless claims totaled 471,000 in the week ending May 15, up 25,000 or 5.6 percent from the prior week's revised figure of 446,000.

The bond market surged as investors took refuge in US Treasuries. The yield on the 10-year US Treasury bond decreased to 3.251 percent from 3.359 percent a day earlier while that on the 30-year bond slipped to 4.126 percent from 4.237 percent. Bond prices and yields move in opposite directions.

by **old-timer** » June 1, 2010, 3:08 pm

old-timer wrote:
arjay wrote:I added to my holding of BP shares today,

BP have taken full responsibility and have agreed to pay for the recent oil leakage in the Gulf of Mexico. The American government added that BP are responsible and must pay. It could take three months for BP to drill relief wells that could fully contain the spillage. It's been reported that it could affect the livelihoods of thousands of people and seriously damage the environment of the gulf states.
I got an idea there will be a mass tort thrown at BP even after they have cleaned up the mess.
Arjay - Best dump your BP holdings.

OT....... $\:D/$

BP lost 13% of it's value overnight on the London Stock exchange. The reason being the £680 million it has so far spent on unsucessfuly trying to plug the oil leakage in the Gulf of Mexico.

OT........... $\:D/$

by **arjay** » June 2, 2010, 8:27 am

OT, Yes, I had already dumped my holdings, when you posted your recommendation.

I bought back in last week at a much lower price, though took a hammering yesterday. It's now a case of either baling out again, on the next bounce, or staying the course. I think it's going to be a long road to recovery. :oops:

by **arjay** » June 2, 2010, 8:41 am

The latest downturn in Commodity prices is tending to suggest we are starting a double dip or at least a significant fall back and that maybe the recovery is not as far advanced as was hoped.. The Australian Govt is not helping the Mining Industry with their proposed 40% tax on mining company profits in Oz.

European and US markets all finished down yesterday, and the Far Eastern stock markets have started down today, following on from yesterday's falls there.

BP's situation has been dragging down Shell and other Oil company's shares.

The Euro problems still haven't gone away, with further speculation that Greece, and maybe even Spain and Portugal may ultimately have to leave the Euro. The Euro has still been falling.

Oh and the Japanese PM has resigned.

So generally plenty of doom and gloom about currently.

PS. Sterling has recovered a couple of cents against the US Dollar over the last 24 hours, and even a baht or more against the Thai Baht. (Currently 47.6/47.9)

by **rjj04** » June 10, 2010, 2:11 am

BP a buy now? I was thinking it might hit 25 and it is getting very close.

by **arjay** » June 10, 2010, 8:14 am

BP finished at 391p last night, after briefly touching 380p.

That's got to be cheap for such a huge and well financed company like BP, but it could be some years before it recovers. There is also the worry of a myriad of lawsuits and demands for compensation in the US running on for years.

by **bumper** » June 10, 2010, 1:18 pm

Arjay what is the strategy in buying back, at what juncture does it become profitable, to do so?

by **old-timer** » June 10, 2010, 1:57 pm

Best energy company to launch a career – USA
BusinessWeek's February 2009 edition named BP the best energy company to launch a career in. The decision was based on factors like pay, rapid advancement, and training programmes.

Is Buisnessweek an American Journal ?

by **arjay** » August 31, 2010, 7:10 pm

OT, Tullow Oil have been having some big ups and downs lately. I've been watching them, after your recommendation. Your reputation and credibility are at stake here.

I've still got some BP, (I think a long haul), but added some Shell along the way, - good for dividends.

I've got this investment strategy, - buy on the dips (falls) and then watch the stock fall more!

Then I buy some more. I think its called chasing it down! :roll:

Sorry Bumper, I didn't quite know what you meant about buying back strategy, unless you meant where some companies, with the shareholders prior agreement, buy back some of their shares to reduce the number in circulation and keep the share price up.

by **bumper** » September 1, 2010, 9:50 am

With the movement in the market here at times you can take profits. Let the stock price fall and then buy back at a lower price assuming you have a good company in the first place. That worked when I first started but now with the upward movement of the SET , Hard to predict that.

I read an article yesterday saying the Thai Government is going to be selling shares of shell. It mentioned a certain fund it would be selling on. But, it wouldn't be listed on the SET, how did you obtain your shares? Was it in a different market

by **arjay** » September 1, 2010, 11:56 am

Bumper I don't trade on the Thai stock market hence I very rarely post on that thread.

I do my trading solely through the London stock market, though I do buy stocks of companies that have worldwide exposure, including exposure to the Asian Pacific markets and Thailand.

In the main I buy Investment Trust shares, thus I get a good spread of stocks within each (Investment) Trust, and I can also leave the Fund Managers to make the day to day investment decisions, second guess the market etc etc. I hold IT's (Investment Trusts) in a number of different sectors including UK, International, European, Asia Pacific, Emerging Markets, Commodities, Mining, and some are particularly Income orientated.

That said I do hold some stocks directly, including Shell, a couple of banks and a couple of power/energy distribution companies which I have bought through the London Stock Exchange. I hold RDSB.L (Royal Dutch Shell B) as they are considered to have a UK dividend source, whereas RDSA.L (Royal Dutch Shell A) are considered to have a Dutch dividend source, - each with it's own separate criteria in terms of the tax treatment on dividends..

by **old-timer** » September 1, 2010, 1:12 pm

arjay wrote:OT, Tullow Oil have been having some big ups and downs lately.

Tullow are doing there best to buy out another exploration companies rights in Uganda - Heratige Oil - for around 1.5 Billion and become the sole exploration Co in Uganda. The deal can't go through until Heratige obliges the Ugandan Government with the 400 million or so tax demanded by the Uganada Revenue Authority. Heratige are fighting the tax demand through Courts back in London as we speak but with this going on it is causing delays to Tullow Oils ambitions. However - all the Roads,Buildings and Infastructure and Airport is as we speak being procured by Tullow, so sooner or later there will be more than a billion barrels of oil coming out from beneath Lake Albert.
There's still a lot of political rambling going on.

OT........ $\:D/$

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