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BP Share Discussion Threads
Showing 92326 to 92345 of 92350 messages
|I don't expect the oil price / dollar to help BP -- retrace back to 360 by mid-May is my view.All guesswork. DYOR.|
Thanks for your explanation.
The share price did test 380 to-day which has been pierced. Let's see what happens when the US opens.|
|Thanks for the comments regarding my short positions.I have been trading ftse share options for a long time -- I do lose money sometimes.The trades today were partially closing/flipping the previous "long" options positions. I have closed short put spreads : bought a number of June 380 puts and sold June 340 puts. These are all closing trades at a profit.I will continue to close short June 380 puts, and finally start going fully short by buying new June 380p puts or other spreads to suit the price.Worst outcome for me would be BP price above 460 (bid) or below 320p by 17/06/16 -- June quarterly options expiry.|
|Looking strong over this side of the pond.|
I am intrigued. Why did you open shorts at 380 which is exactly the level that the last major swing high got to? Would it not have been better to have waited to see if it was going to break up?
It has broken up and retested 380 on the 1 Hour chart. If you are lucky it will drop back to test again tomorrow.
I wish you well with the trade.|
|I would not short BP at these levels either. ;)|
|Shorting BP at these low levels !!! Good luck with that. Better hope you don't wake up to a bid tabled.|
|I missed the 384 -- I am sure we will see a 20p range bound trading to allow both sides to trade / lose money :-)Expecting 360-390 range -- a bit lower after 10c xdiv.|
|Opened some shorts at 380|
|Looks like a breakout possible.|
|Ok 475p then?...|
|It is on some peoples radar....
I find interesting that in the past weeks we have seen a few reports stating that BP could be taken over by Exxon.
Given that the idea seems to be taking hold at a couple of banks, I believe that in order to properly analyse that possibility, apart from brokers’ speculation, one would have to answer a few questions, critical to assess if a $400bn company would bid for a $139bn one at a premium (which inevitably would require masses of synergies and benefits, as it would have to be done with a capital increase). I would suggest an academic thought process that answered these:
A) Does Exxon want Amoco at a higher price after the history since 1998?. When BP merged with Amoco in 1998, the energy world was shocked. Shocked partly because Amoco was seen as a “less attractive” set of assets in the industry. Exxon’s current CEO, Rex Tillerson, was a top manager then and knew Amoco well. Since the $110bn merger of BP-Amoco in 1998, what we have seen out of the integration have been challenging returns, unfortunate incidents from Texas City, to Thunderhorse and Prudhoe Bay, culminating in Macondo. Considering that the liabilities and risk of gross negligence of Macondo are better understood but not fully clarified, would Exxon pay premium multiples for a replica of their core business and such a risk?.|
|Takeover always talked about on the TSX. Oil at new high for the year, US share price for BP closed at session high, all seems to look rosier at the moment.|
|yeah bp will have a 50%off car boot sale and sell everything for 500p.|
|Now BP could do with some takeover speculation rumour....anybody for 500p?...|
|As long as they the divi.|
|Sounds too optimistic -- summer sell-off round the corner now.Might see a decent recovery end of year.|
|If the Gods are smiling on s/holders it will reach the Median Line (middle green). If not, it will be resisted at the top magenta line which is the last swing high.
|VNP ..don't we all ...but happy to hold what I have ..for now.|