"is just plain luck that the price isn't down to £3"
Approx. $3 of the current POO (WTI at $68) is down to 'concerns' that new sanctions will restrict Irans ability to sell.
So... if they remain in the current deal come mid-May then you can expect that sort of drop... equally if severe sanctions are (re)imposed then you can expect POO in the mid-70s... and oilers to be significantly up too.
Any such announcements will move the BP SP... but not the ones from Les.
"As for the Russians (and I'm going to assume you mean Soviets) never having spoken "of finding these death camps." That is utter nonsense. The Soviet army liberated Auschwitz."
Quite correct... and something not often mentioned today on this subject as some nations are gripped in an anti-Russian mindset.
Many of the camps were in East Poland and when the Soviets came through they found the Majdanek and Sobibor extermination camps... and later they encountered Auschwitz-Birkenau in south west Poland.
If you want proof Hardcore, do a search for old newsreels or Soviet papers.
I knew people of the Kinder transport generation who lost many members of their family in the holocaust. I also know their surviving children. It appals me that any can give credence to holocaust denial. Shame on you for what you wrote and shame on Les for equivocating on this subject.
You're confused. The right to offend doesn't require you to say that there isn't much proof of the Holocaust. That's not simply standing up for the right of others to deny the Holocaust; that's the language of denial, pure and simple.
As for the Russians (and I'm going to assume you mean Soviets) never having spoken "of finding these death camps." That is utter nonsense. The Soviet army liberated Auschwitz.
"Who cares about sentiment?" Well try this: if you're simply setting out to offend for the sake of it then the sentiment is pretty tawdry. If the people you're trying to offend are chosen because they are Jewish specifically then that is what we generally call anti-Semitism.
The freedom of speech of speech is the right to offend, who cares about sentiment? There is not much proof the holocaust actually existed apart from a few eye witness statements. Russians, never spoke of finding these death camps. Then there is the question of mathematics. The holocaust & the accounts never arose for a very long time after WW2.
Germany & Japan did technically win WW2. The goal of Japan was to brake the British empire, the U.S. did this for them breaking the Rupee tie to the GBP. Before WW2 the UK was a world power, after WW2 it was to all intense & purposes broke. Germany before WW2 was broke, collapsing under the weight of debts, most debts were written off after WW2. Normally countries that win wars are not technically broke afterwards.
The UK did not win WW2. When was the last payment to Canada, made?
your missing the point, none of that matters - they are all the same from a traders perspective and none of that info changes my point or the fact that making money from it is based on nothing but luck.
every cent movement is based on greed or fear or a "crypto-whales" whims, not an iota of fundamentals is involved
you might get lucky, but in the end you will get taught a lesson
The answer to your question requires you to understand quite a bit about cryptocurrencies and so easier for me to give you a few links first, explaining why Monero is preferred to Bitcoin and other cryptocurrencies.
<Like Bitcoin, Monero is a digital currency which can be used to send or receive payments. Also, like Bitcoin, Monero is built on blockchain technology. But unlike Bitcoin, it uses CryptoNote algorithm this is what makes it so unique.
Following are the key features of Monero, which are quite different from Bitcoin and all other cryptocurrencies created from Bitcoin.
In a Monero transaction, the identity of the sender and receiver remain 100% private. Moreover, Monero transactions cannot be linked to each other and cannot be traced to their starting point.
For example, consider that you transfer 15 Monero (XMR) to Bob. Bob further transfers 12 XMR to Kate. Kate then transfers 10 XMR to Mike. There are two things to note here:
Only you and Bob would know about the 15 XMR you exchanged, only Kate and Bob would know about the 12 XMR they exchanged and so on. No one else in the world can know, unless people involved in the transaction decide to tell them.
10 XMR received by Mike cannot be linked to any of the previous transactions. So, this 10 XMR can never be traced back to you.
Now, if you did the above transactions using Bitcoin, the entire would be able to see the following:
The public address of each sender and receiver
The addresses of all senders and receivers of that Bitcoin since it was first created
Since everyone can see what you are spending your money on, Bitcoin is not considered private. Even though it only reveals the public address, it is still possible to trace that public address to the person who is using it.
This is one of the key factors which makes Monero quite popular. No one wants the whole world to know about all their transactions, even if they are completely legal.
This complex sounding feature of Monero is a direct result of its privacy feature.
Simply put, any two units which can replace each other are fungible. For example, 1 oz. of gold of a particular grade is worth the same as another 1 oz. of gold of the same grade, and a $50 bill can be exchanged for any other $50 bill.
Just like gold and dollar bills, Monero is also fungible. One would think that all cryptocurrencies should be fungible but thats not the case. Bitcoin and all other cryptocurrencies which are built on Bitcoin are not fungible. Can you guess why?
It is because every Bitcoin transaction can be traced back to see where all it has been used. If someone finds out that it has been used in illegal trade, then he/she can refuse to accept it. So, the tainted Bitcoins are not exchangeable with the good ones.
However, tracing the history of a Monero coin is not possible. So, all Monero coins are equal hence, fungible.
Bitcoin scalability is currently one of the most debated topics in the cryptocurrency universe. It basically refers to the problems related to the amount of transactions that the Bitcoin network can process at once.
It takes about 10 minutes to process a block of Bitcoin transactions. This leads to a maximum of around 7 transactions processed per second. Do you know how many transactions can be processed by the credit card company Visa? Its 24,000 transactions per second! Thats quite a difference!
Now you can see why we need cryptocurrencies to be scalable. Monero does a better job than Bitcoin at scalability. In Monero, a block of transactions is processed every 2 minutes. It isnt perfect, but its better than 10 minutes!>
BP produces around 1bn boe per annum
Their break-even is around $45
Therefore every $1 increase in oil equates to $1bn extra revenue
Assume a 30% tax rate and an XD rate of £1:$1.40
Circa 20bn shares in issue
This gives an EPS increase of £0.025 (for each increase in the PoO of $1
Assume a P/E of 10
Therefore the SP should rise by £0.25 every time oil rises
I guess it's not hard to see how valuations are going to start rising once there is a reasonable prospect of the PoO maintaining these levels.
Assume a PoO of $80 and a breakeven of $45, this gives an EPS (using the above logic) of £0.875 (ignoring other revenues). At a p/e of 10 we get an sp of £8.75.
By your logic if you agree with one page of the Koran including historical events described there, then you must be a Muslim. This is simplistic thinking , remember that assume makes an as s of u and me. The world is not only black and white, most is in between.
crypto currency has no tangible value - you cant "invest" in it, you cant invest in anything that has no real underlying value, so it is simply traded
and trading it is for mup.pets, and these fall into 2 brackets, the unlucky mup.pets and the lucky mup.pets, if you make money it will be nothing but pure luck
those trades (hindsight ones by the look of them) if real, then bravo you have been lucky, there is nothing more to it than that.............but lets see what happens if fear (as that and greed are the only things that move it) kicks back in
A question I asked you to ponder some month's ago, are you better off holding BP shares or taking a punt on the cryptos, more particularly Bitcoin and Monero?
A number of people on this board have shown a keen interest in my crypto purchases, and continually warned me they would be a bubble and I was a fool for not cashing in, they also happily gloated when the prices fell, so timely for me to give those doubters/gloaters an update as things have moved on.
I held onto a third of my bitcoins on the basis I saw them recovering in price, delighted to say that is now occurring, the price of bitcoin has returned above $9,000 for the first time since March, having risen by more than a third in value over the last two weeks.
My other crypo currency, Monero, which the likes of Westlock and others were quick to rubbish when the price fell to below $200 (I bought at $150) has now recovered to $290.
I still predict these cryptos will soar in price, furthermore the IMF is coming around to accepting them.
<The International Monetary Fund (IMF) has stood beside the cryptocurrency ecosystem when many countries are taking hardline against the decentralised digital currencies.
This international organisation has asked the central banks of the world to be open-minded about digital money.
Christine Lagarde, Managing Director of the International Monetary Fund came up with this observation when central banks of some countries have banned cryptocurrency trading and ICOs, including that of India and Pakistan.
The central banks should distinguish between real threats and needless fears, she said in a blog post, taking many in the financial system by surprise.
She seems to be on the side of cryptocurrencies.
The IMF says it wants to offer its 189 members advice and cooperate with them in the development of a consistent regulatory approach.
Policymakers should keep an open mind and work toward an even-handed regulatory framework to minimize risks and bear fruit, she added.
Last week, IMFs Lagarde told Hong Kongs South China Morning Post that the digital currency market is developing fast nut it is highly volatile, with benefits and downsides.
She suggested exploring means to guard against the illicit use of digital currency and abuse of consumers financial illiteracy. >
So why do I select Bitcoin and Monero to hang onto? Bitcoin is the biggest and most well established already being used in retail and becoming ever more accepted.
So there we are folks, make your own judgement, you already know my views which I have maintained consistently on these cryptocurrencies. They are a way I believe for people to get rich quick, so escape the wage slave trap.
Make up your own mind folks as to whether these cryptos are a far better punt than hanging onto those risky BP shares do a risk analysis on the current state of play, to my mind BP is now more risky than either Bitcoin or Monero.
In the light of recent events anyone still courageous enough to argue in favour of BP? Have Westlock and other doubters changed their minds I wonder? But a challenge to anyone, prove me wrong if you can, why would you advise me to sell my cryptos to buy BP shares?
Ah yes, typical of you Lesley. You have avoided the question. We can only surmise that you see no problem with holocaust denial and the promotion of nazi and far right materials. The product of bankrupt minds.
I had hoped Hardcore's reply to you would have silenced you on this topic, apparently not.
You appear to be living in the past, the Nazi's are no more. German people should be treated with respect. If you really are pro-EU as you claim to be, you will need to get over all your outdated paranoias.
<For decades the BBC denied that job applicants were subject to political vetting by MI5. But in fact vetting began in the early days of the BBC and continued until the 1990s. Paul Reynolds, the first journalist to see all the BBC's vetting files, tells the story of the long relationship between the corporation and the Security Service.
"Policy: keep head down and stonewall all questions." So wrote a senior BBC official in early 1985, not long before the Observer exposed so many details of the work done in Room 105 Broadcasting House that there was no point continuing to hide it.
By that stage, a policy of flatly denying the existence of political vetting - not just stonewalling, but if necessary lying - had been in place for five decades.>.....
<The BBC admitted that it was willing to admit publicly that staff involved in plans for broadcasting in time of war - called emergency defence work - and any aliens employed were checked.>
I see that you must already be down at the WI. It must be such fun.
As for Lolabe, in your list you omitted to mention "pro-nazi" among his attributes. If he is pro-Corbyn, as you say, he is quite likely to be one of the anti-semites who has infested the pro-Corbyn social media.
I think that you defending this repulsive specimen also says a lot about you and your attitudes.
If you want to explain why his holocaust denial is acceptable to you, then please do.
I might also add that anyone who supports both The Groper and Corbyn is either dishonest or unwell.
The Great Lolabe was anti-war, anti corruption, anti vaccine, pro Corbyn, pro Trump, we had a lot in common just like Punch agrees with you on everything!
Another thing for your think about too, a good reason why you should welcome conspiracy theories on this board is that BP stuff and conspiracy info go hand in hand, they cannot be separated, as one cannot be understood without the other!
You Long to be Les thank you, it is good to be me. Do as I do and you will soon be filthy rich.
Remember BP's share price is linked to the price of oil and it will be going down later this year, Barclays even predict down to $51, the IMF to below $60, so the current price of BP can be exploited by selling whilst it is still high.
The other thing to remember about BP, as well as other Big Oilers, but particularly BP, with its history of poor safety culture is to learn the factors important in doing risk analysis. I've mentioned these many times before as the swords of Damocles hanging over this company, but the risks increase all the time.
The amateur investor may think this is good news as it will increase revenue eventually. But the more informed punter will do the risk analysis, and think it through again. Whenever BP does anything to do with deepwater exploration and extraction the potential risks out weighs the potential rewards. BP risks getting into deep water again. After Deepwater Horizon, another major leak associated with deepwater exploration and extraction could be the final nail in this company's coffin.
"I've been reading a report of up to 50 people killed at a wedding in Yemen.
If it's true then it's god help the Saudi's as The US, Britain and France attack them with cruise missiles
EHh! no, sorry wrong country. Head and hand choppers are exempt.
But then could it be fake news??"
Not only that but two days ago an engineer was assassinated by foreign agents. There's bound to be hell to play.. foreign agents assassinating a civilian? It's got to be sanctions and expelling of diplomats all over again... except... the engineer was Palestinian... and the foreign agents doing the assassination were Israel's Mossad... so it's all OK... no problem.
BTW... when I said "were"... I of course meant... "highly likely that they were".
I am sure that P&J is one thing we can agree on. I have him on ignore for the very reasons you give. I do nothing to encourage him unlike you who used to defend and encourage lolabe despite his holocaust denial and regular posting of far right material.
I don't know whether P&J is a poodle but he is certainly barking. A truly sad pooch!
I hope you are having a nice time down at the WI. Cake decoration or Jersusalem today?
I have to say folks, some people here are getting carried away with the price of BP's shares, forgetting that in addition to the myriad of disasters that will fall upon this wretched company, as i have predicted, the current price is also dictated by the price of a barrel of oil.
Barclay's have predicted a price drop in oil to $51 a barrel later this year, which is about BP's so-called break even point. The IMF is predicting the oil price to drop to below $60 a barrel later this year.
It is obvious therefore, indeed it is common sense, that BP's share price will fall later this year with the current price of oil being over $70. there is an almost exact correlation between BP's share price movement and the price of oil.
That being the case, even if you feel (wrongly) that BP has a great future, it is common sense to sell at the current price having the option to buy back later at a lower price.
Iv'e been reading a report of up to 50 people killed at a wedding in Yemen.
If it's true then it's god help the Saudi's as The US, Britain and France attack them with cruise missiles
EHh! no, sorry wrong country. Head and hand choppers are exempt.
But then could it be fake news??
Suspected Saudi-led strikes on a wedding ceremony in Yemeni Hajjah province have resulted in multiple casualties, including women and children. The death toll ranges from 20 to 50 people, reports citing local health officials say.
On Sunday, a reported Saudi-led missile strike hit a house where a wedding ceremony was being held, in Yemens northwestern province of Hajjah. There are conflicting reports on casualties. Numbers vary from 20, according to AP, to 50 people, according to local Saba News Agency. Meanwhile, Xinhua reports that at least 40 people were killed or wounded, citing a senior health official, Mohammed al-Ashwal.
20 killed in Saudi-led coalition strike on civilian vehicle in Yemen reports
The same figures were given by the head of Al Jumhouri hospital in Hajjah, who said they received 40 bodies, most of them torn to pieces, according to Reuters. Thirty children were among the 46 injured in the attack, the official said.
The death toll could rise, as some people are believed to still be under the rubble, according to Saba. At the same time, a dozen of the injured are in critical condition, al-Ashwal told Xinhua.
Riyadh, which has been repeatedly accused of indiscriminately bombing Yemen, said it would investigate the latest tragedy. We take this report very seriously, a spokesman for the Saudi-led coalition told Reuters, without elaborating.
A similar statement was made after the previous Saudi-led strike in Yemen, which lead to civilian casualties. On Friday, at least 20 people were killed after the Saudi-led coalition reportedly hit a civilian vehicle in Taiz province.
Since Saudi Arabia intervened in Yemen to fight the Houthi rebels and help re-instate ousted President Mansour Hadi in March 2015, more than 5,500 civilians were killed and over 9,000 injured as of the end of 2017, according to the UN.
During the years-long bombardment, civilian casualties have been repeatedly blamed on Riyadh-led strikes.
One of the deadliest attacks occurred in September, 2015, when an airstrike on a wedding party killed more than 130 people. In November 2017, another bombing hit a market and a hotel building in the northern Saadah province, leaving 26 people dead. The coalition then released a statement claiming the site was a legitimate target a gathering point for Houthi fighters.
3 years of Yemen bloodbath marked by US & UK arms deals with Saudis
Another 2017 attack on a funeral ceremony, which resulted in more than 100 people dead, amounted to a war crime, according to Human Rights Watch.
Serious violations of the laws of war committed willfully that is, intentionally or recklessly are war crimes, the watchdog said, adding that the place and timing of the event were publicly available and the presence of multiple civilians there was clear.
Look mateys, there are many people coming out with silly studies about conspiracy theorists. Look at the people on this board who think I operate under 17 characters, they are the real conspiracy theorists, while what happened in Syria is just common sense. You would have to be of low IQ to think Assad did that gas attack.
Frog - In your earlier post, you do not deny being a "she", but rather deflect attention by addressing me as being a woman. I'm not , but I think now it is fair to assume you are, unless of course you are willing to deny it?
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