Share chat

TiltyShaun

TiltyShaun

Well-known member
Anyone got any oil shares? I'm on tullow for 26p average. Was hitting mid 50s the other week but don't know if there's bad news on horizon. My layman mind was equating low oil prices with a buying opportunity for oil shares. Not looked at if bp, shell and the like have performed the same?
I had some MEG energy which I got in July last year that a sold last month for a 60% gain when oil hit around $68 a barrel. Not sure what they are now but was happy to take the gain.
 
  • Like
Reactions: Bob
J

Jimoz

Well-known member
Weird feeling the paper profit isn't it. You don't feel it's real till you bank it. I did it last year with pets at home doubled up got to over 10k then sold. Since then it's only gone higher, paid divis in the meantime and my cash has sat being eroded away by inflation.

I'm on about a double up now with tullow but not selling atm. I tried to buy oil etf through an investment platform but was not allowed because not a sophisticated investor. Even though oil was on the floor.
 
TiltyShaun

TiltyShaun

Well-known member
Weird feeling the paper profit isn't it. You don't feel it's real till you bank it. I did it last year with pets at home doubled up got to over 10k then sold. Since then it's only gone higher, paid divis in the meantime and my cash has sat being eroded away by inflation.

I'm on about a double up now with tullow but not selling atm. I tried to buy oil etf through an investment platform but was not allowed because not a sophisticated investor. Even though oil was on the floor.
I try to take profit if it has gone up then fallen back. As always it is down to your own circumstances. I have some that are down 50% but have still held on as I think the fundamental reason I got them is still there. I have quite a lot of gold miners that have fallen in line with the price of gold. Been topping up on some of those with the gains from others.
 
L

Lynchy

Well-known member
Bit of interest in lithium mining this last week,ganfeng Chinese co put in view to offer to buy out bacanora,bcn,lithium prospect in Mexico,was a low,cheeky,manipulated bid possibly offering 67p share so about 15% premium to current price,but main interest to me,and the Chinese I believe is bcn 44% shareholding in zinwald,Znwd,which has lithium deposit on German side of border with Czech,where emh are,hoping this is a wake up to euro ev car/ battery makers to snap up both firms before it's too late,Znwd currently up to 15p reckon it can follow emh mebs upto 70p
 
Bob

Bob

Active member
Bit of interest in lithium mining this last week,ganfeng Chinese co put in view to offer to buy out bacanora,bcn,lithium prospect in Mexico,was a low,cheeky,manipulated bid possibly offering 67p share so about 15% premium to current price,but main interest to me,and the Chinese I believe is bcn 44% shareholding in zinwald,Znwd,which has lithium deposit on German side of border with Czech,where emh are,hoping this is a wake up to euro ev car/ battery makers to snap up both firms before it's too late,Znwd currently up to 15p reckon it can follow emh mebs upto 70p
I did buy a few of Znwd and and few other miners 1 of which dropped after I bought been looking at hydrogen which might be the next power source as the world has now found the chinesse have aquired all the minerals for battery production but I have not bought anything yet most seem to be american companys
 
Top