Bp Share Discussion Threads

[action] 01/5/2020 15:32

According to one report I saw today most of the world countries will be 90% out of COVID19 by August / September 2020. Hence demand for oil should be more during winter onset, but not like previous years.

[younasm] 01/5/2020 15:03

Finally bought more at 299p - such a stable 300p price I have not seen for a while - but I am in no rush - done now

[veryniceperson] 01/5/2020 13:47

Are they going to stay above 300 ? 280 would be better.

[younasm] 01/5/2020 10:51

Yes, I tend to trade heavily when markets tank - mostly get the price / direction correct but still take some limited losses.Best time to trade.

[ohojim] 01/5/2020 10:33

Round number syndrome. My buy order not filled either, but it will be. Just got to wait for the bulls to see the light.

Edit: Getting a bit worried I'm turning into Buywell3

[fardels bear] 01/5/2020 10:09

Why would you add to make 8.36 pence divi when the share has lost half as much again as that in just two hours trading this morning?

[younasm] 01/5/2020 09:57

Why is it resisting at 300? my buy order still not filled.Excellent swings in the share price. 260-280 is possible once the extent of this recession is worked out.In the meantime I trade on the volatility.

[ohojim] 01/5/2020 09:13

Still expecting BP to hit 280 this month.

[ny boy] 01/5/2020 09:07

Collecting more at a touch over 300p for the divi, another gift from the gods, these pull backs

[gozo] 30/4/2020 20:44

Well said!

[waldron] 30/4/2020 18:39

Brent Crude Oil NYMEX 25.72 +6.15%
Gasoline NYMEX 0.77 +2.65%
Natural Gas NYMEX 1.89 +1.34%
WTI 17.61 USD +10.65%


FTSE 100
5,901.21 -3.50%
Dow Jones
24,262.17 -1.51%
CAC 40
4,572.18 -2.12%
SBF 120
3,610.57 -2.00%
Euro STOXX 50
2,927.93 -2.38%
DAX
10,861.64 -2.22%
Ftse Mib
17,676.92 -2.16%



Eni
8.714 -2.71%



Total
32.85 -2.87%


Engie
9.904 -0.86%


Bp
313.1 -6.12%

Vodafone
112.14 -5.69%

Royal Dutch Shell A
1,325 -10.82%



Royal Dutch Shell B
1,286.4 -11.37%

[teamwork1] 30/4/2020 17:59

Some people have no class

[itsnotmeitsy0u] 30/4/2020 16:42

yep - expecting a pretty substantial bounce tomorrow tho

[thewealthofsocrates] 30/4/2020 16:36

LBRT has gone up 21.06% today. They will hold for a bit, but the shorters are lagging behind the messaging. News is slowly getting more dovish, oil is rising slowly.
Make the shorters suffer and force the MM algorithms to short the shorters until they loose their shirts: Target ~$70 for SBRT.

[thewealthofsocrates] 30/4/2020 16:32

SBRT is suffering a bit. Make it suffer some more by putting a lower buy limit below the current price. Send the oil shorters who are sabotaging your dividends a message.

[cobourg1] 30/4/2020 16:09

Nigeria is getting $10 a barrel for its oil. They need a $100 a barrel to balance their books. They can't be alone among the Producers who are suffering big time.

There are a lot of unforeseen consequences in all this and I'm guessing that we're heading for trouble in some form, but these are uncharted waters and we've never been in this situation before so the next few months are anybody's guess.

[thewealthofsocrates] 30/4/2020 16:09

If you want you dividends, short the shorters by placing buy limit orders at low prices on LON:SBRT.
If you target around $70, that'll make them stop shorting brent, at least for a few days, and this will allow brent to recover long term.

[teamwork1] 30/4/2020 15:57

Has this gone down because of shall dividend cut?

[grupo guitarlumber] 30/4/2020 15:30

Oil Rises on Hopes for Demand Recovery
Print
Alert

By Amrith Ramkumar

Oil prices advanced in volatile trading on Thursday, lifted by hopes for a rise in fuel consumption as lockdown measures to stop the coronavirus are rolled back.

U.S. crude for delivery in June rose 12% to $16.85 a barrel on the New York Mercantile Exchange, extending a recent stretch of wild swings. The benchmark started the year above $60 but has crashed with the coronavirus eroding fuel demand. A similar contract for delivery next month crashed to minus $37.63 a barrel on April 20, the first time in oil-market history futures have turned negative.

When such contracts expire, the holders must either take delivery of barrels of oil in Cushing, Okla., or sell them. Whoever was left holding them likely couldn't find available storage amid the glut, forcing them to sell and driving prices well below $0. The contract expired on April 21 after rebounding to positive territory.

As a result of the negative pricing and oversupply, many investors and commodity funds no longer want to hold oil to be delivered soon. Instead they want crude for delivery several months from now, lowering trading in near-dated futures and driving big swings in both directions.

There are now more July futures contracts outstanding than contracts for June delivery, a shift that normally would have taken place closer to May 20, the day June futures expire. On Thursday, the July futures rose 9.1% to $20.86 a barrel.

The gains came with some states in the U.S. easing lockdown measures and followed Wednesday data showing a recovery in gasoline consumption last week. Demand is also expected to rebound in China after its economy shut early in the year to fight the pandemic.

Investors are also looking ahead to global supply cuts set to take effect Friday. In addition to those coordinated output reductions, some companies are being forced to shut in productive wells because prices have fallen so much.

Production cuts in oil, on purpose or by default, come at a time when demand probably has nowhere to go but up," Phil Flynn, senior market analyst at the Price Futures Group, said in a note.

Brent crude futures for delivery in July, the most actively traded global benchmark of prices, rose 9% to $26.41 a barrel on the Intercontinental Exchange on Thursday. A contract for June delivery rallied 12% to $25.23 on its final day of trading. Brent futures track the price of seaborne crude, relying on an index calculated by ICE.

Many analysts expect prices to remain volatile, especially with many investors and exchange-traded funds selling near-dated oil futures and buying contracts for crude to be delivered several months from now.

Write to Amrith Ramkumar at [e-mail]



(END) Dow Jones Newswires

April 30, 2020 10:02 ET (14:02 GMT)

[montyhedge] 30/4/2020 14:51

That is odds on.