Date: 3 February 2017 From the waters of the North Sea to the deserts of Oman, BP's energy projects span across the world in some of the most remote locations. Now, as 2017 begins, it promises to be a big year for BP with seven major projects coming onstream expected to provide over 500,000 barrels of oil equivalent per day (boed) of new capacity by year-end. BP Magazine takes a look at the numbers behind these massive projects
I guess arguable we've seen an upward trend since it hit 330p is last April so if the current SP doesn't drop below 440p (Nov 2106), and moves up from there, then we're still in the uptrend? Any dip below 440p would see me holding off longer. I'd welcome your comments.
So it's the analysts v the chartists?? I too can see 550p-600p in a year but in the meantime it's how much will the sp waver. I took a loss last week but am now of the opinion i'll watch and wait for a couple of weeks to see what trend I see. I enjoy the charting side of things as well so Borgy what rise would you need before you could see and end to the descending cycle?
For the chartists out there. I often use the McGuinley Dynamic ( pink line on my chart( as a benchmark for entering (long) or exiting (selling) a position. on the 11th January the 3 day Double Exponential Moving Average (thin brown line) crossed to the downside of the 34 day Double Exponential Moving Average (red line) as did the 8DEMA 2 days later (blue line) crossing the 34DEMA (red line).... when a faster moving average crosses to the downside of a slower moving average thats an indication to exit. The reverse is true for a cross up over the longer average. on the 19th Jan the sp crossed the benchmark McGuinley to the downside confirming the downward trend we see. ONLY until i see the SP crossover the pink line (McGuinley) will i consider entering. Just my thought BUT it does confirm BP is downtrending but maybe close to be oversold on the oscillators. Borgy
Thinking there's a very good probability that a market correction going to happen between now and May 7th, 'French Elections' ! Think I'll hold off, would like to buy back in about 3.90 mark, sadly a downward trend seems to be taking place at present. GLA - ATB
most ex-dividend days are THURSDAYS/ today 1. ref. you can buy shares up to close of business WEDNESDAY and still qualify for dividend 2. before the market opens / 7.30am the share price is adjusted down by the dividend payment which today was about 7.65p but remember overnight share price adjustments can also alter price. once the market opens you can sell the shares if you like and still get the dividend.
so WEDNESDAY close price was 457.55p THURSDAY E-DIV-DAY opened at 451.80p difference of 5.75p because of overnight adjustments we did not loose so much. THURSDAY CLOSE price 448.45p = 9.1p drop approx. i am reasonable happy buying at 449.65 today and intend holding for some time 6.81% divi can.t be bad well its a lot better than 1.5% in stander good luck
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