Credit deflation and the reflation cycle to come (part 2)

[leonardratso]

6 minutes ago, Popuplights said:

https://cleantechnica.com/2020/09/10/could-exxon-be-running-out-of-cash/

As you know I work for Exxon. This morning we had a online forum where a finance bod explained why keeping the shareholders happy is important. There have been a number of job cuts already.

So basically this bloke told the employees that the shareholders dividend was more important than their jobs. 

 

damn right, have to keep the grannies happy.

 

thats what they used to call shareholders isnt it, around the time the banks went tis up, im sure they called them grannies.

 

[leonardratso]

. duplicate.

[Popuplights]

5 minutes ago, leonardratso said:

damn right, have to keep the grannies happy.

 

thats what they used to call shareholders isnt it, around the time the banks went tis up, im sure they called them grannies.

 

Youre all heart.    😜

[Castlevania]

21 minutes ago, Popuplights said:

https://cleantechnica.com/2020/09/10/could-exxon-be-running-out-of-cash/

As you know I work for Exxon. This morning we had a online forum where a finance bod explained why keeping the shareholders happy is important. There have been a number of job cuts already.

So basically this bloke told the employees that the shareholders dividend was more important than their jobs. 

 

That’s the story of many a large company over the past ten years. If there’s no revenue growth the only thing you can do is cut costs and that invariably means cutting jobs.

[leonardratso]

13 minutes ago, Popuplights said:

Youre all heart.    😜

They should get the shareholders in to do the jobs, see how far it gets them.

[Chewing Grass]

I work for an American Company and literally the only thing the American management care about is the Company, the amount of utter shite they eagerly repeat is nauseating for a Brit.

[Popuplights]

Just now, Chewing Grass said:

I work for an American Company and literally the only thing the American management care about is the Company, the amount of utter shite they eagerly repeat is nauseating for a Brit.

Fucking tell me about it. I'm the wrong demographic too. Middle aged White man. Bottom of the identity pile!!

 

[Chewing Grass]

2 minutes ago, Popuplights said:

Fucking tell me about it. I'm the wrong demographic too. Middle aged White man. Bottom of the identity pile!!

 

Five to Six more years and I'm off and they can wallow in their new normal as they go out of business.

[leonardratso]

5 minutes ago, Chewing Grass said:

I work for an American Company and literally the only thing the American management care about is the Company, the amount of utter shite they eagerly repeat is nauseating for a Brit.

My place has become very woke (fake woke if you please), all they are bothered about is themselves and getting as much money for as long as possible out of the soon to be majority PE owned joint.

Its actually not too bad, ive been home and done practically shag all since march, i keep making excuses and kicking the can further down the road, just nodding and taking the money. Quality is pure shite, but im now just shrugging and ignoring it. Ive been there a while and i was there when the place was on its arse, a lot of the people there now havent. I know they can get very nasty very quickly when the money runs out.

[Popuplights]

3 minutes ago, leonardratso said:

My place has become very woke (fake woke if you please), all they are bothered about is themselves and getting as much money for as long as possible out of the soon to be majority PE owned joint.

Its actually not too bad, ive been home and done practically shag all since march, i keep making excuses and kicking the can further down the road, just nodding and taking the money. Quality is pure shite, but im now just shrugging and ignoring it. Ive been there a while and i was there when the place was on its arse, a lot of the people there now havent. I know they can get very nasty very quickly when the money runs out.

Amen to that. I also have fuck all to do. Not my fault, have been totally mismanaged on this project. If the company is stupid enough to keep paying me, who am I to argue?

[AWW]

11 minutes ago, Popuplights said:

Fucking tell me about it. I'm the wrong demographic too. Middle aged White man. Bottom of the identity pile!!

 

I’ve an interview next week at a UK based bank, with three blokes (or birds) called Gurjit, Harjiner and Wai-Chung. I can only assume that they’ve been told to make their team more diverse by hiring a middle-aged white bloke.

[Chewing Grass]

18 minutes ago, leonardratso said:

Its actually not too bad, ive been home and done practically shag all since march

 

13 minutes ago, Popuplights said:

I also have fuck all to do. Not my fault, have been totally mismanaged on this project. If the company is stupid enough to keep paying me, who am I to argue?

Double snap, its like bonkers, we work to what the management say, can't pre-empt work we are not allowed to start before they say so and the work we are supposed to be doing has a stupid amount of hours to be spent on it as dictated by the planners and project managers.

[JREWING]

Why is BP falling? 

Current SP , 7.5% yield.

Will it go lower in the coming weeks?

Will they cut the Div again.

Just seems to good to be true as a buy opportunity 

Better than Shell.

Wonder what tomorrow will bring. Never ever thought we'd see sub 2.35 again...

Odd times..

[Shamone]

8 hours ago, JMD said:

Democorruptcy, not disputing your example, its actually very interesting to see the figure work. However, it's not a requirement to reduce to one-third of former working hours is it? In fact, i'd suggest that it is a disincentive for all concerned to choose that option. So wouldn't it mostly be a mutual 'agreement' for say 2 part-time workers to replace the former 1 full-time position?

I think the government and the representative of the major employers will be working off a different (unpublished) script (what me cynical?). Isn't it also true that 2 part timers are more productive than 1 full time person? It's measurable across all sectors/job roles, where concentration, tiredness is no longer a factor in shorter working periods/shifts, etc.

And in terms of social harmony isn't this the best outcome that could be hoped for? ...though Keynes must be shouting why its taken so long for his predicted 3-day week to happen!

I recently started doing 5 half days instead of 3 full and I know I’m more productive. Also suits the employer since I can stay an extra hour or 2. It’s hard manually so they get the best of me.

[Shamone]

2 hours ago, AWW said:

I’ve an interview next week at a UK based bank, with three blokes (or birds) called Gurjit, Harjiner and Wai-Chung. I can only assume that they’ve been told to make their team more diverse by hiring a middle-aged white bloke.

Fucking state of this country.

[Popuplights]

4 hours ago, Cattle Prod said:

Aren't you lot ranked and decimated every year anyway? Thanks by the way, the geniuses at my place thought that was a great idea and decided to copy 😅

Well the yanks are any way. Fucking carnage this year. I'll let you know if I get canned when I get back to Fawley. 

It's the shittest system ever.

[CVG]

9 hours ago, Cattle Prod said:

Aren't you lot ranked and decimated every year anyway? Thanks by the way, the geniuses at my place thought that was a great idea and decided to copy 😅

Grow or go!

[Democorruptcy]

8 hours ago, Panda said:

Why is BP falling? 

Current SP , 7.5% yield.

Will it go lower in the coming weeks?

Will they cut the Div again.

Just seems to good to be true as a buy opportunity 

Better than Shell.

Wonder what tomorrow will bring. Never ever thought we'd see sub 2.35 again...

Odd times..

I assume it's fears of more covid woe reducing demand. UK has new lockdown measures. France new record of 16k infections in one day. Leads to more pressure on the dividend.

[Harley]

9 hours ago, Panda said:

Why is BP falling? 

Current SP , 7.5% yield.

Will it go lower in the coming weeks?

Will they cut the Div again.

Just seems to good to be true as a buy opportunity 

Better than Shell.

Wonder what tomorrow will bring. Never ever thought we'd see sub 2.35 again...

Odd times..

Spurred on by @Popuplights (again, many thanks) I rescanned (using Investing.com) the "OIl & Gas Operations" industry last night and BP failed the first cut on the basis of their 124% Total Debt to Equity ratio.  The UK industry average is about 44%.  BP are outliers in the range.

Not that I can make much sense of the Total Debt to Equity figures.  Shares listed in the UK (Total, RDS, etc) show one figure but another looking at them in their home exchange.  I wish sites like Investing.com would explain how they derived their figures.

[Craig]

Just gone ball-deep into REP.

Like the cut of their jib, even if it does feel like catching the proverbial falling knife right now.

[Harley]

Talking of Oil & Gas Operations companies, for those in the know, so what's wrong with Polski KoncernNaftowy ORLEN SA (PLPKN0000018 , ticker PKN on the Warsaw exchange and 0FMN (CDI) on the FTSE)?

[JREWING]

6 minutes ago, Craig said:

Just gone ball-deep into REP.

Like the cut of their jib, even if it does feel like catching the proverbial falling knife right now.

Good luck buddy, I like your style...

I did the same with RDSB last week. Balls deep. Proper balls deep.
 

Never quite worked for me, but I keep thinking 4.7% divi compared to 0.7% yield on a conventional savings account.

I'm not selling so its just a number on a screen...

[JREWING]

1 hour ago, Cattle Prod said:

I'd say sentiment, really. It's finally got bad enough for Steve Kaplan to start buying again. Which is heartening to see.

I think BPs new message is a bit woolly and unrealistic, but Shell is down the same way, so looks to be market wide rather than specific to BP. i.e., sentiment.

CP is that a good sign Steve Kaplin is buying Oil shares? Who is he?

They hit something silly at close of play last night; they are back up over 2.35 today, for how long hell knows?

The P/E is crazy really considering they have cut their div by half.

I mean if you were well off, bunged £500k at them. You could retire for life on £34500.00 before tax. Thats not even touching your capital with possible share growth and div growth.

In the current enviroment, it just seems too easy.

 

[JREWING]

7 minutes ago, Cattle Prod said:

 

Re. RDSB, or any share, you'll drive yourself crazy looking at daily swings, or 'how much money you've lost since you invested'. That's day trading, this thread is macro investing i.e. medium-long term. Perhaps think of it like this: what is a reasonable max downside in RDSB? 15% (I don't know number from the air)? How long with compounded divis would it take you to stay whole? In three and a bit years you're still ahead on your savings account whilst having skin in the game for huge upside potential.

Brilliant. Great analogy.

Only bought my first share two weeks ago. So I'm still in the shallow end.

But it's interesting. This thread. F++king

Awesome.

Thanks anyway.

[JMD]

12 hours ago, AWW said:

I’ve an interview next week at a UK based bank, with three blokes (or birds) called Gurjit, Harjiner and Wai-Chung. I can only assume that they’ve been told to make their team more diverse by hiring a middle-aged white bloke.

AWW, It sounds a horror show to be honest. I expect you are practicing your woke 'performance art', and all the other modern-day required interview techniques, the following might help... (Edit: oops i just noticed (honest!) ...its the first book in the list, the others are just plain bad taste, though i do wonder what happened at the University of Iowa?; ...i'll shut up now and stop digging!!)

http://www.quickmeme.com/meme/3r48b8

Can i be cheeky and ask you to let us know how the interview goes? (good luck btw)