Bp Share Discussion Threads

[eurofox] 24/11/2020 09:23

must be some seriously burned shorts, or a major changing of the guard on how Call and Put options are squared-off

[f0rl0rn] 24/11/2020 09:20

The gap to be filled at 237, think opec will give a surprise

[boxerdogz] 24/11/2020 08:43

Exactly NY Boy.

[invisage] 24/11/2020 08:42

Gaps don't need to be filled....

The chart looks like a young bull..The world is going back to normal, the endsight of this Corona Virus is clear, the market is re-pricing accordingly.

BP has been a £5 stock historically......$46/Brent they are making a lot of $$$ at this price

[ny boy] 24/11/2020 08:41

Lovely stuff, those that accumulated down to 200p starting to be rewarded, stay long for a long term hold full recovery over the next few years imo

[linton5] 24/11/2020 08:37

Left a gap so it will come back at some time

[invisage] 24/11/2020 08:14

BP chart breaking out looks like a clean runway until £3 no resistance

BP now £2.63

[invisage] 24/11/2020 08:05

BP now £2.61

expecting £3 to trade pdq

[crazi] 24/11/2020 08:03

Yanks are really pushing that Dow towards 30,000 today

[skinny] 24/11/2020 07:28

Brent back to March levels $46.60.

[skinny] 24/11/2020 07:27

Brent back to March levels $46.60.

[boxerdogz] 24/11/2020 03:20

As I sit here out in Asia Crude is up1.1%

Hang on to your hats , We are going to have takeoff

It's a Joy to be alive at this historical moment in the time continuem

Brent’s two nearest contracts flipped to backwardation for the first time since this summer.



Never mind the Green Deal , this black stuff is the REAL Deal. Pile into everything Oil

[invisage] 24/11/2020 00:08

American Airlines surging after hours, now up 11%



Given Jet Fuel has been the overhang in the markets the past year and Airlines are now surging it tells you something about the demand we are likely to see in Jet Fuel consumption in the coming months.....

Loads of us want to go on one, two maybe three holidays in 2021!

BP and RDSB will have plenty of opportunities to enter new hedges..........

[sbb1x] 23/11/2020 23:14

All stocks have gone up for 11 trading days running because of that 1st vaccine news We have had vaccine news every Mondays sinceBut what matters to all oil companies is the price of the black gold.9 months of 40$ oil is shocking All good hedges coming to an end soon.The glut is still there and oil could tank again next Monday on opec news but this should be 380/400 in 12 months from now so people can sleep well at night.

[invisage] 23/11/2020 22:39

All eyes on OPEC November 30/December 1 he says....


If you read the latest monthly OPEC report

hxxps://momr.opec.org/pdf-download/


World Oil Demand
The global oil demand forecast for 2020 is revised down by 0.3 mb/d, given weaker-than-expected demand in OECD Americas in 3Q20 and the recently announced additional COVID-19 containment measures by various governments in OECD Europe. Transportation and industrial fuel are expected to remain adversely affected throughout 4Q20. As a result, world oil demand is now expected to contract by around 9.8 mb/d, y-o-y, in 2020.
For 2021, oil demand growth is expected to grow by 6.2 mb/d, y-o-y, representing a downward revision of 0.3 mb/d compared to last month’s assessment.


Given Opec expects weak demand in Q4, Opec likely to tighten supply and balance the market....imho


This is bullish and makes me realize this bull has legs.........The market is smart, they already know where oil price is heading.

[slinkyj] 23/11/2020 22:30

You have been spitting out similar statements for weeks SB. Nothing is pushing this price back unless we get another global disaster come our way. The vaccines are here, the recovery begins. Oil will soon be ramping up. No scientific analysis needed to work that one out. Strong buy

[sbb1x] 23/11/2020 22:10

Eyes on next Monday.

[slinkyj] 23/11/2020 21:56

But sounding promising Forlorn

[f0rl0rn] 23/11/2020 21:33

All eyes on OPEC November 30/December 1

[invisage] 23/11/2020 20:44

Brent closed $46/bbl

In the US...

Occidental up 16%
Energy ETF (XLE) up 6.5%
Exxon up 6%
Chevron up 5%

Shell and BP has continued to rally in the US post 4.30PM London close.

BP Chart looking very decent, looks like £3 pdq

Perhaps on news of vaccine approval will see £3 - Approval for UK expected this week and next week in the US.

A lot of Oil stocks now above 200 day moving average including RDSB.

[slinkyj] 23/11/2020 17:54

So SB, you in yet or do you give up with BP, still time to get in, this will be at 330 very soon so not to late yet. Your never getting your 200 buy again. Unless another corona virus comes along we can't deal with.

[invisage] 23/11/2020 08:11

Now $46/bbl Brent

When Brent is eventually $50/bbl and $60/bbl the cashflow is going to be humongous and BP will start buying back shares at a rapid rate....all to look forward to.

Exciting times.

[slinkyj] 23/11/2020 00:53

Bp will probably have one of those 10% in one day moments very soon, if not tomorrow . My pal in the city told me last week just go all in on Bp and you'll make a great profit in a very short space of time. So i did on Thursday. Gla