Bp Share Discussion Threads

[optomistic] 17/2/2021 17:09

Looney paying all employees in shares to support his green policy!!

[crazi] 17/2/2021 16:53

BP Cash Register ------ KA-CHING...

Bloomberg
@business
·
21s

Natural Gas Soars to $1,250 in Central U.S. on Supply Paralysis from $9 a week ago

By Naureen S Malik, Gerson Freitas Jr, and Michael Tobin

17 February 2021, 15:06 GMT Updated on 17 February 2021, 16:30 GMT

There’s no sign yet of a pause in the dramatic rally in natural gas prices across the central U.S., where spot rates have now breached the $1,000 mark, more than 100 times their level just a week earlier.

Prices for immediate delivery are skyrocketing as consumers scramble to find additional supply. U.S. production has fallen to a four-year low.

In contrast, the much more liquid futures market in New York is only up slightly for the week. The lack of significant price action there suggests traders view the impact of the arctic conditions as a relatively short-lived event.

Supply for next-day delivery at the Oneok Gas Transportation hub in Oklahoma traded at $1,250 per million British thermal units on Wednesday, according to David Hoy, a trader at Dynasty Power in Calgary. That’s up from $999 on Tuesday, and just $9 a week ago.

At the Henry Hub in Louisiana, the delivery benchmark for futures in New York, spot gas traded at $20 or higher on Wednesday morning, according to two traders. That compares with a settlement of $16.13 on Tuesday and just $3.73 a week ago.

[crazi] 17/2/2021 16:48

So that's Buffett & JPM & Goldmans all calling an Oil Short Squeeze...

[slinkyj] 17/2/2021 16:11

We are still talking about oil at way above 50. This price most bears on here thought would not happen again.

[bondholder] 17/2/2021 15:17

Many investors are increasingly hesitant to hold shares of oil and gas companies as a global energy transition gathers steam. Not Warren Buffett.What's happening: Buffett's Berkshire Hathaway just disclosed a new stake in Chevron (CVX), the second largest oil firm in the United States.The $4.1 billion investment could have been spearheaded by Berkshire investment managers Ted Weschler and Todd Combs. But Buffett still runs the show, and it's a sign that the world's most famous investor sees long-term value in a sector that's taking plenty of heat.

[pete123456] 17/2/2021 15:13

looks like the grand old duke of York patten

[crazi] 17/2/2021 14:50

Fast 11p drop... 287 TO 276 --- did someone just roll the dice and open a short position? I hope they get BURNED!

[kfr20] 17/2/2021 14:49

Saudi Arabia will likely boost output re cnbc

[f0rl0rn] 17/2/2021 14:43

Speaking about gaps, 279.14 closed

[anthonyfox] 17/2/2021 14:36

Price of oil has tanked, not helping

[jezzoo] 17/2/2021 14:34

Shell dropped the same

[pete123456] 17/2/2021 14:28

got to be more than that.

[slinkyj] 17/2/2021 14:15

Drop only because the yanks have a harder time pulling out on ex div day, so if not interested in the divi they flee. Should be temp drop

[stevieweebie2] 17/2/2021 13:48

Motoring now

[plastow] 17/2/2021 13:45

Lovely rise new highs coming

[invisage] 17/2/2021 13:10

BP has a way to go Folks....No need to trade this...

[claret dragon] 17/2/2021 12:54

Warren bought slabs of Chevron.

up over 3% pre market

[crazi] 17/2/2021 12:42

The BIG FREEZE in Europe and the USA is driving additional Oil/Gas supplies but even more importantly it's proving to many that Oil is here to stay for a long time and reliable. It may be the current hated sector but they have no choice.

The BIG SQUEEZE... has started early I think due to the weather...

With JPM & Goldmans backing it - the rest of the Funds will start to follow. Even if it's a case of the smaller Funds saying "ok throw 40 or 50 million each in to Big Oil just so we don't lose out." The Shorts will be getting out before hit too hard I reckon...

It's all about momentum and spreading the word... and JPM started that. Goldmans on board very quickly...

[bondholder] 17/2/2021 11:52

Brent 64.15!!

[invisage] 17/2/2021 11:29

Chevron shares up 3.1% premarket after berkshire hathaway discloses $4.1 billion stake in co

[veryniceperson] 17/2/2021 11:28

Just tongue in cheek sir.

[simmsc] 17/2/2021 11:25

It would be useful if we can break through the December high (which looks to be around 285-287 level) to ensure an ugly head and shoulder formation (that started being formed end Nov) doesn't come through. Looks like we will break through it with the current momentum and oil price.

[ohojim] 17/2/2021 11:20

Keep typing.

[skinny] 17/2/2021 11:12

$64.07 as I type :-)