Bp Share Discussion Threads

[invisage] 14/2/2021 10:31

FTSE Closed 6589 on Friday London close


But FTSE Futures currently showing 6653 on IG

Big surge to come, with RDSB and BP set for a decent rally, plus ex dividend this week....Shorts going to be in a rush to close ahead of ex-div...

R below 1 in the UK

Boris talking about easing restrictions starting with schools (= More fuel demand)


Warmer weather coming which slows spread of virus

15m people vaccinated in the UK & 38m Vaccinated in the US

Brent $62/bbl


The picture looks great for RDSB & BP ... Both have a lot of catching up to do with the Oil price

[invisage] 14/2/2021 10:26

U.S. COVID update: Number in hospital falls below 70K

- New cases: 90,199
- Positivity rate: 5.2% (-0.3)
- In hospital: 69,283 (-2,221)
- In ICU: 14,396 (-379)
- New deaths: 3,428 (incl. 1,125 older deaths in Ohio)

Vaccinated:
- 1st dose: 38.3M (+1.1M)
- 2nd dose: 13.7M (+900K)





A sharp drop in COVID cases compared to two weeks ago........US seems to be vaccinating 2m people daily

11.6% of US Population now vaccinated.....

[simmsc] 13/2/2021 13:35

Thanks for the graph. Good too see it. Looks like the correlation has now been re-stablished. During the shock period the lines in your graph separated, but they are now closely aligned again, as they were before the pandemic broke.

[planit2] 13/2/2021 10:58

@Skinny

LOL, great post.

If this is correct then it might all be about to change.

hxxps://www.zerohedge.com/commodities/jpmorgan-predicts-biggest-short-squeeze-yet-begins-next-month

I believe this will be a good 30 days for BP. The rise when it comes might be quick and fast. I don't want to wait too long though.

[skinny] 13/2/2021 10:10

"It will be a few years yet until bp decouples itself is from the oil price".

Well its doing quite a good job of it now!

[simmsc] 12/2/2021 23:27

Bp is still too heavily dependent on oil. It will be a few years yet until bp decouples itself is from the oil price.

[invisage] 12/2/2021 18:47

Citi Group saying Brent to hit $70 next 6-12 months



See slide 14 - BP produces 3 times as much cash flow as the dividend amount at $70/bbl Brent

[invisage] 12/2/2021 18:07

Energy leading sector in the US

[invisage] 12/2/2021 17:54

BP london chart looks good...should see £2.80 next week first target.

BP is rallying in the US post London close....

[claret dragon] 12/2/2021 17:45

300p should be achievable within a month

[slinkyj] 12/2/2021 17:26

Price of BP starting to look ridiculous now. What event is it going to take to push this back to where it should be? There is no real let up in strength of oil north movement.

[bondholder] 12/2/2021 16:54

Brent 62.30

[invisage] 12/2/2021 16:54

Brent just hit $62/bbl

Getting closer to the magic $70/bbl price where BP's cashflow goes nuts...

[invisage] 12/2/2021 16:20

Pressure is on Boris to re-open Schools........maybe 22nd Feb announcement will say just that? Means more fuel demand!

[invisage] 12/2/2021 16:11

BP have updated their prices website now

Brent YTD avg is now $56.05/bbl

Well above the $45-50/bbl BP is working off...

[invisage] 12/2/2021 15:32

Agree SlinkyJ

But the way the MM's play BP and RDSB is to keep the price depressed allowing their mates to buy on the cheap as retail not as informed as the big boys....


Retail think somethings wrong so sell on the cheap........And then all of a sudden the big boys jack up the price....

[invisage] 12/2/2021 15:12

Who would have thought Brent would go from Red to Blue? BP / RDSB from red to blue?

It comes out of nowhere.....personally I think big boys have been buying last few days and now they jacking the price up quickly before retail can buy at these prices...

[invisage] 12/2/2021 14:56

Nice BP rally....

[janhar] 12/2/2021 09:58

https://www.zerohedge.com/energy/stage-set-bull-market-oil

[invisage] 12/2/2021 07:58

U.S. COVID update:

- New cases: 103,024
- Positivity rate: 5.4% (-1.4)
- In hospital: 74,225 (-2,754)
- In ICU: 15,190 (-598)
- New deaths: 3,885 (incl. 650 older deaths in Ohio)
- Data: COVID TP

Vaccinated:
- 1st dose: 36.1M (+1.2M)
- 2nd dose: 11.9M (+800K)

[hellscream] 12/2/2021 05:36

shares should be up if oil is down, we are not an oil play anymore??