Bp Share Discussion Threads

[slinkyj] 29/10/2020 09:12

Sb your tactics interest me and because of your words I have been holding off putting my AML sell from yesterday in here. However having seen the drop today pretty much bounce off the previous bottom even after France and Germany situation , I think this is the lowest it will go and a bottom is in. So another tranche went in. GL with your guess.

[sbb1x] 29/10/2020 08:49

If they cancel the dividend the pension funds will drop it like a stone and share price will collapse and a low ball take over offer will come in.Still think time to buy here is next week after election and after the dividend. Time will tell.BP has much better dividend than rdsb.

[rinato5] 29/10/2020 08:23

Better you close your short soon!!

[hellscream] 29/10/2020 08:12

better to cancel the dividend and use it all for buybacks, whats the point of a dividend if it just keeps on droping.

i dont mind no dividends for 2 years as an investor, use it to pay down debts/buybacks.

[hellscream] 29/10/2020 06:10

wouldnt it be a good time for buybacks? they were doing it while it was £5+ years ago.

[hellscream] 29/10/2020 06:07

chevrion and exxon both keep dividends, we're being short changed. whys this country trying to destroy dividends?

[buywell3] 28/10/2020 23:24

Paying a dividend with OIL and now even GOLD dropping as markets crash is buywell believes not a wise thing to do

Understandable if Covid-19 was going to be over by spring 2021

But it isn't is it

Read the BUY thread for enlightenment

[scruff1] 28/10/2020 23:01

Oaky
Seems to me weve been hearing that every day from 360+. One day it will of course be true. Can I recommend that on that day everyone ' fill their boots' and all that stuff.

[oakville] 28/10/2020 21:38

These will be seen as a once in a lifetime chance to own a super giant oil company. Sure there will be shorters and day traders having a say short term but over time people will realise just how cheap these are.

[dandanactionman] 28/10/2020 21:16

All IMHO DYOR I know nothing.BP ADR fell further in US after UK close. This looks like another down start for BP.P.S. I am long so I hope I am wrong but this is relentless.Tomorrow is Shell results, lets see what that brings.

[blueball] 28/10/2020 20:51

stay short.

[superiorshares] 28/10/2020 19:29

Oh I say !

[sbb1x] 28/10/2020 15:22

Bought some rdsbStill waiting here.

[sbb1x] 28/10/2020 15:03

Dow futures down 833 points

[sbb1x] 28/10/2020 14:21

Dow futures down 733 points

[florenceorbis] 28/10/2020 12:32

the other european oil majors are hurting more

[florenceorbis] 28/10/2020 12:22

WTI crude -4% as rising U.S. crude stocks spark oversupply fears
Oct. 28, 2020 7:40 AM ET|About: Crude Oil Futures (CL1:COM)|By: Carl Surran, SA News Editor

Crude oil (CL1:COM) prices fall sharply as a surge in U.S. crude inventories and growing coronavirus infections in the U.S. and Europe spark worries of an oil glut and weaker fuel demand.

December WTI crude -4.7% to $37.71/bbl after gaining 2.6% yesterday, and December Brent -3.9% to $39.59/bbl after rising nearly 2% on Tuesday.

Big oil names are indicated lower in the pre-market: XOM -2.2%, CVX -2.7%, BP -1.9%, RDS.A -2.6%, COP -2.8%.

U.S. crude oil and gasoline stocks rose last week, according to American Petroleum Institute data, with crude inventories climbing by 4.6M barrels compared with expectations for a 1.2M-barrel build.

"The higher than expected build in U.S. crude stocks prompted fresh selling, while concerns over supply disruption from Hurricane Zeta have receded," says Nissan Securities' Hiroyuki Kikukawa. "Rising COVID-19 cases with the lack of a U.S. coronavirus fiscal relief package also dented investors' risk appetite."

"With or without another lockdown, movement across Europe and North America will fall during the coming winter months as most people avoid travel and big gatherings," Eurasia Group's Henning Gloystein says. "This will dent fuel consumption and almost certainly force OPEC and its allies to continue withholding oil supply well into 2021."

Additionally, Libya's production could rebound to 1M bbl/day in the coming weeks, complicating efforts by other OPEC members and allies to restrict supply.

[the stinger] 28/10/2020 12:21

Sbbx... short it

[sbb1x] 28/10/2020 12:14

Is the bottom in ?Is it time to buy...?