Bp Share Discussion Threads

[trikytree] 04/12/2020 23:56

Slink you missed the £/$ rate in your list there. But the Poo certainly the most important one I keep my eye on.

[slinkyj] 04/12/2020 23:12

I think I remember you in SNG few months back. Hope you timed your sell there well? A right rotting corpse in there now. Some can't let go and have fallen in love with the company. Gl with BP, plenty of scope here still. Often get days where it feels like the brakes are on but getting where it needs to in general. You have to have eyes everywhere with this one, ftse, dow, brent, covid, us open, all seem to swing this all over the place but I'm confident we will be at 330 come end of December. Well that's what my pal says, he's been pretty spot on for the most part and also steered me into sng back in March before it went ballistic And also ccl when it hit 660 with a tip about Saudi investment.

[slinkyj] 04/12/2020 23:04

Hang on, is the answer gaps? Lmao

[dovey21] 04/12/2020 22:53

Very happy with Bp and RDSB. I bought a new house with bigger bills so, some weeks ago I decided to move out of COVID plays and bet on a recovery with my old favourites that pay divis to cancel out the bill increases. I bought here at less than £2 and RDSB at 909 and 970 along with a load of others that have faired well with news of the vaccine. Chuffed. GLA and thanks for all the informative posts..I do not post often but read them all. ?

[invisage] 04/12/2020 22:48

Listen to this from 41 mins....

"Energy ending a long bear market"




Loads of upside to look forward to...

[f0rl0rn] 04/12/2020 22:28

I like you optimism, first of all, they've got vaccine, but not enough people to take it....there for more restrictions and immunity passes....secondly, OPEC starts to increase output from January, thirdly no deal brexit more likely.......

[f0rl0rn] 04/12/2020 22:13

Have a better look at any chart, weekly , daily, 4 hourly, etc etc .....what can you see????

[f0rl0rn] 04/12/2020 22:12

Come down dear, few % up few % down and you are already wetting yourself

[investorwil] 04/12/2020 21:41

Let's get Brexit over with first. I'm staying hopeful though.

[philanderer] 04/12/2020 21:38

ADVFN Market Report:

In equity markets, a strong showing from BP and Shell helped to lift the top-flight index, with the oil majors rising 3.92% and 3.21%, respectively, after OPEC and Russia agreed to increase oil supply by 500,000 barrels a day from January.

“With BP and Shell both cutting dividends earlier in the year, they lost favour amongst much of the trading community,” said IG analyst Joshua Mahony.

“However, with crude on the rise, and the reinstatement of dividends coming into play, the catch-up trade is on for the oil majors.”

Mahony said that, while OPEC might have not managed to pass an entire six-month extension to the current production quotas, the tapered approach that would only see a change of 500,000 barrels per month did highlight that production would only rise as demand improves.

“With a trio of vaccines coming into play over the coming months, crude prices are already pushing higher in anticipation of renewed demand.”

[invisage] 04/12/2020 21:04

Occidental up 13% in the US
Oil and Gas ETF up 8.5% (XOP)
Small Cap energy ETF up 8.5% (PSCE)
Oil Services ETF up 7.5% (OIH)
XLE energy ETF up 5.5%



All set for next week to burn more bears and for BP to attack £3 and beyond. I suspect we are going to move quickly with Brent at $49, can expect to see more gap ups daily now that it is clear recovery is on.

BP was £4.20 back in March when Brent was $50 - given other covid recovery plays have gone up a lot compared to RDSB and BP can see a decent case for that money moving into these Oil stocks fueling the recovery here pdq.

£4 by new year on BP?

[slinkyj] 04/12/2020 20:25

You must be smelling a little singed if you have been shorting here today. Your 236 gap is looking further and further a pipe dream.

[waldron] 04/12/2020 18:08

Brent Crude Oil NYMEX 48.99 +0.57%
Gasoline NYMEX 1.27 +0.37%
Natural Gas NYMEX 2.50 +2.54%
WTI 45.87 USD +0.45%


FTSE 100
6,550.23 +0.92%
Dow Jones
30,137.55 +0.56%
CAC 40
5,609.15 +0.62%
SBF 120
4,436.26 +0.66%
Euro STOXX 50
3,539.27 +0.58%
DAX
13,298.96 +0.35%
Ftse Mib
22,160.57 +0.70%



Eni
8.744 +3.45%


Total
37.69 +3.36%


Engie
12.5 -0.68%

Orange
10.545 +0.72%



Bp
276.95 +3.92%

Vodafone
130.16 +2.36%

Royal Dutch Shell A
1,402.4 +3.39%



Royal Dutch Shell B
1,351.4 +3.21%


Tullow Oil (TLW)
34.13: 2.56 (8.11%)

[imastu pidgitaswell] 04/12/2020 17:54

I dunno, tbh.

Sold all the others, nice profits, so thinking might hang on for more, as it's just the one tranche. I have decided to look at oil from a different perspective - picks and shovels rather than prospectors as it were, hence put some of the profits here into HTG a couple of weeks ago. Less prone to oil price movements, they still get paid as long as BP and co keep exploring. Or that's the plan, anyway.

And might put the rest of these in there as well - dunno. Bon weekend etc...

[bracke] 04/12/2020 17:43

Still holding out for 300 imastu?

[poikka] 04/12/2020 16:38

Maybe only a small producer, but with that thinking, who'd not be invested in oil?

"Denmark will end all new oil and gas exploration in the North Sea, as part of a wider plan to stop extracting fossil fuels by 2050.

Its government also agreed to cancel its latest licensing round on Thursday, which gives firms permission to search for and produce oil and gas.

Denmark is currently the largest oil producer in the European Union, although it produces much less than non-EU members Norway or the UK.

It pumped 103,000 barrels a day in 2019, according to analysis by UK oil giant BP."

[plastow] 04/12/2020 15:20

That gaps getting closer above

[crazi] 04/12/2020 11:34

CEO made the right decision to start investing in clean energy back in January also. Share price took a hit when he announced that but that move will pay off as well. BP picking up lots of contracts being the first big oil to get in there first... now many are trying to follow suit.

[bondholder] 04/12/2020 11:18

Maybe 150 billion dollars in capex cut from global e and p co's this year. Falls in output are going to coincide with demand increases.

[invisage] 04/12/2020 10:58

Buy oil – we’re going to be reliant on it for a while yet

Oil prices are on a tear – the price of Brent crude is edging closer to the $50 a barrel mark as I write. It might even get there today. That would be its highest level since early March, before lockdown and Covid-19 went global. For a doomed commodity and a “stranded asset”, it’s showing a lot of life.




hxxps://moneyweek.com/investments/commodities/energy/oil/602432/buy-oil-were-going-to-be-reliant-on-it-for-a-while-yet?utm_campaign=money-morning-newsletter&;utm_medium=email&utm_source=newsletter

[invisage] 04/12/2020 10:47

Last time Brent traded at $50/bbl (6th March) BP was trading at £4.20


So at £2.75/share there really is a HUGE opportunity to pick up cheap shares here......


No point selling - Can't believe how underpriced these are. Just look at how much the Airlines and Hotel companies have gone up, Airlines are huge consumers of Bp's Product, OIL.

[waldron] 04/12/2020 09:39

News
OPEC+ decides to increase oil production by 500,000 b/d from 2021

Oil & GasUpstreamProduction

By NS Energy Staff Writer 04 Dec 2020

OPEC and non-OPEC the countries have agreed to increase the oil production effective from January 2021
russia-112445_640

The 12th OPEC and non-OPEC ministerial meeting concludes. (Credit: David Mark from Pixabay)

The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries have decided to increase oil production by 500,000 barrels per day (bpd).

At the 12th OPEC and non-OPEC Ministerial Meeting (ONOMM) held via videoconference, the countries have agreed to increase the oil production effective from January 2021.

In a press statement, Opec said: “In light of the current oil market fundamentals and the outlook for 2021, the Meeting agreed to reconfirm the existing commitment under the DoC (Declaration of Cooperation) decision from 12 April 2020, then amended in June and September 2020, to gradually return 2 mb/d, given consideration to market conditions.”

Additionally, the participating countries of the DoC have agreed to assess market conditions by holding monthly OPEC and non-OPEC ministerial meetings starting in 2021.

Upon assessing, the countries will decide on further adjustments for oil production for the following month with monthly adjustments set not more than 0.5 million barrels per day (mb/d).

The DoC participating countries have decided to voluntary adjust production by 0.5 mb/d from 7.7 mb/d to 7.2 mb/d, starting in January 2021.

In the meeting, the countries have also agreed to extend the compensation period established from the 11th ONOMM until the end of March 2021 to ensure full compensation from the DoC countries of over production in in previous months.

Opec said in a statement: “Looking ahead, the Meeting emphasized that it was vital that DoC participants, and all major producers, remain fully committed to efforts aimed at balancing and stabilizing the market.

“It noted that renewed lockdowns, due to more stringent COVID-19 containment measures, continue to impact the global economy and oil demand recovery, with prevailing uncertainties over the winter months.”

The latest meeting follows the decision made by OPEC+ in October 2020 to support the oil market amid weak demand due to a second wave of the coronavirus.

[invisage] 04/12/2020 09:07

yep just hold on........Vaccine approved and OPEC holds steady on oil output ....


Nature will do the rest. No need to trade this or RDSB folks.

Just hold on, it is the holding that makes the big money.