Bp Share Discussion Threads

[daler1966] 08/1/2021 13:16

Brent up 2%

[imastu pidgitaswell] 08/1/2021 12:35

Plenty of space on the greasy pole...

Alright enough already!

[ohojim] 08/1/2021 12:34

...As long as you leave enough room for the next guy to swing a rabbit

[imastu pidgitaswell] 08/1/2021 12:26

True - to an extent.

But don't forget what we did with the proceeds, of not 5% profits but closer to 50% for some of the tranches - those reinvestments elsewhere have gone up an awful lot more than this has.

It's not a case of 'sell because it's going down' it's more 'sell because other opportunities will do better' - I think.

Faced with a sea of opportunity, it's a question sometimes of which is the best vessel, or somesuch twisted metaphor.

Not that wise to condemn others for what they do - there is more than one way to skin a cat. There you go, another one...

[counterpartymw] 08/1/2021 12:16

they call that 'eating like a bird', taking small profits in and out here and there, "because it's comfortable", and removes any pschological pain they may feel if their gains were erased by a reversal, and holding on to huge losses when the reverse happens. It's again why most people lose and are not really investors at all. They lose sight of what they're actually buying (a stake in a profitable business), and get caught up in guessing on a ticker. I bet most who bought at 2.4x - 2.6x pretended they were going to hold on until it got back to £5 and take in years of dividends, only to bail for a small profit before it even hit £3..

[invisage] 08/1/2021 12:07

£3 is definitely coming....these low current prices will be a DREAM 1 year from now.

Most have no idea. Taking a quick 5-10% profit is not how to make big money in the stock market!

[counterpartymw] 08/1/2021 11:59

No with oil as firm as it is, I'd say it's low probability that a gap at 272 will be filled. Think about it, as a passive technical trader going short, you are unable to move the market, and rely on others to do so in your favour. Against the backdrop of vaccines and higher oil, a 20 year low share price, what hedge funds are going to borrow stock they don't own from pension funds (and pay them a fee), to short the stock in sufficient quantities to actually move the price down, and take on massive upside risk just to try and fill a chart gap 20p lower? More likely they'll be loading up on the stock for the inevitable rise. Seems many here are short or 'psychologically short', having sold after the rise. It will hurt a lot of people if this thing flies high above the £3 mark, so that is probably what it will do...

[invisage] 08/1/2021 11:56

We get a bit of a dip and people get uncomfortable.

Stay the course people, don't get shaken out. Money is made in the holding.

Brent is $55/bbl

[skinny] 08/1/2021 11:26

Brent @$55.

[jackpotjack] 08/1/2021 10:47

Will it do that with Oil going up still?

[fhmktg] 08/1/2021 10:18

20 million bought suggests there's more to come?

[irish luck] 08/1/2021 10:18

Still short, waiting for the 272 gap fill

[runner2018] 08/1/2021 09:50

i wonder when the real economic impact will hit

[optomistic] 08/1/2021 09:47

bye for now imastu and bon voyage.

[imastu pidgitaswell] 08/1/2021 09:19

Looks a bit like it's running out of steam to me - slowing rate of increase (dy/dx 'n all that?...)

I have, of course, bailed, being the coward that I am. So until the next time...

[grupo] 08/1/2021 08:11

Saudi Surprise Cut Continues To Lift Oil Prices
By Julianne Geiger - Jan 07, 2021, 4:30 PM CST

Oil prices remained elevated and were still on the rise on Thursday, hitting an 11-month high, as the effects of Saudi Arabia’s surprise announcement about an additional million barrels of crude oil production cuts still has enough juice to withstand civil unrest in the United States and the global pandemic.

At 4:11 p.m. EST, the WTI benchmark was trading up 0.61% on the day at $50.94. The last time WTI traded above $50 per barrel was February. One week ago, the WTI benchmark closed at $48.52.

The Brent crude benchmark is now trading at $54.50, up 0.37% on the day. February was the last time the Brent benchmark sat above $54.

The oil market seems to be focusing more on what Saudi Arabia can do to rebalance oil’s supply and demand than on any political instability brewing in the United States. The oil markets also seem to be discounting the serious impact that new waves of lockdowns will have on the overall demand picture.

While oil prices did slip briefly on Wednesday as a group of President Trump supports stormed into the Capitol, it was unable to tamp down effects of Saudi Arabia’s gift that keeps on giving. The market is for now satiated.

Still, oil prices are multiple dollars per barrel lower than they were in the summer of 2019, and Brent is still trading $20 per barrel below what it was trading at in the summer of 2018 as the pandemic has stripped millions of barrels per day off of the demand side.

Not even swing producer Saudi Arabia has enough juice to offset that demand destruction.

By Julianne Geiger for Oilprice.com

[grupo] 08/1/2021 08:11

Saudi Surprise Cut Continues To Lift Oil Prices
By Julianne Geiger - Jan 07, 2021, 4:30 PM CST

Oil prices remained elevated and were still on the rise on Thursday, hitting an 11-month high, as the effects of Saudi Arabia’s surprise announcement about an additional million barrels of crude oil production cuts still has enough juice to withstand civil unrest in the United States and the global pandemic.

At 4:11 p.m. EST, the WTI benchmark was trading up 0.61% on the day at $50.94. The last time WTI traded above $50 per barrel was February. One week ago, the WTI benchmark closed at $48.52.

The Brent crude benchmark is now trading at $54.50, up 0.37% on the day. February was the last time the Brent benchmark sat above $54.

The oil market seems to be focusing more on what Saudi Arabia can do to rebalance oil’s supply and demand than on any political instability brewing in the United States. The oil markets also seem to be discounting the serious impact that new waves of lockdowns will have on the overall demand picture.

While oil prices did slip briefly on Wednesday as a group of President Trump supports stormed into the Capitol, it was unable to tamp down effects of Saudi Arabia’s gift that keeps on giving. The market is for now satiated.

Still, oil prices are multiple dollars per barrel lower than they were in the summer of 2019, and Brent is still trading $20 per barrel below what it was trading at in the summer of 2018 as the pandemic has stripped millions of barrels per day off of the demand side.

Not even swing producer Saudi Arabia has enough juice to offset that demand destruction.

By Julianne Geiger for Oilprice.com

[invisage] 08/1/2021 08:07

£2.97 BP - I did say £3 by the end of the week.... :-)


On target.........Back to Netflix...

[waldron] 08/1/2021 07:24

European markets set for higher open as recovery hopes boost sentiment

Published Fri, Jan 8 20212:00 AM EST

Elliot Smith
@ElliotSmithCNBC

Key Points

Wall Street surged to new record highs on Thursday as the U.S. Congress confirmed President-elect Joe Biden’s election victory.

A laboratory study has indicated that the Pfizer and BioNTech vaccine is effective against the new, highly-transmissible mutations of the virus found in the U.K. and South Africa.

European markets are set to open higher Friday as global investors anticipate that a Democratic-controlled U.S. government will lead to greater fiscal support.

Britain’s FTSE 100 is seen climbing around 49 points to 6,906, Germany’s DAX is expected to add around 130 points to open at 14,098, and France’s CAC 40

[imastu pidgitaswell] 07/1/2021 21:28

Yes, I put the HTG chart as at 31st December on the thread - a golden cross position, with a gap above. Interesting from a chart perspective, but also fundamentals.

Because of the fundamentals, I don't think 240 (or 250 intraday on a candlestick chart) will be too difficult, frankly, but wtfdik?





(edit - coo, 2 down ticks, notoriety...)

[smurfy2001] 07/1/2021 20:13

Breakout happened with immense volume great stuff.