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Lol that’s a first no fed interference Ala money printing let those rate rises begin
Well Oil just got smashed in the Nuts by the Fed.
Is BP transforming into a pharmaceutical company?
Mark not really relevant to Bp price / forum so i appologise in advance to everyone, take a look at the horrible history of big pharma - global justice now. I feel you may enjoy the read. Its a 30 page pdf. I have not read it all, but it is interesting and its only some of the **** they get up to, also Moderna seem to have been nothing before covid, looking at their share price etc, they dont want the train to stop.
I won't.
You've no idea how covid has impacted my family but I strongly believe that the endless and open objective of prolonging the very later life will destroy us and deplete the earth of ita scarce resources and intellectual and financial capital. In fact its doing that right now.
It's madness and arguing it from the point of a poorly old relative is wrong. There are now many people who are young to mid life with critical conditions and dependants that can't get treated. Now there lies the real tragedy for me.
Compound.
Hi mate. You are so right. You only have to google ' Oil Market Manipulation' to see how wide this practice is.
You are also right that the next move is impossible to predict for PIs.
I have additional funds ready to invest but I am going to see how this plays out. The Opec meeting is key for me for starters.
No worries at all long term.
Have a great day.
MarkGo - I agree. Perfect opportunity for OPEC+ to hit back at the release of reserves under the guise of Omicron. I'd be very surprised if they went ahead with the planned 400k increase, and without it the market is going to get tighter and prices will rise. Sleepy Jo and other world leaders have already played their hand and it didn't work, so prices will continue to rise.
Looking at the price action on Brent in the last 30 mins you can see how the market is manipulated. A sudden spike down to 69.65, which didn't appear to be on any news (I stand to be corrected) and was uncorrelated to the rest of the markets. Low enough to take out lots of stop losses and buy 'cheap' oil, then promptly shoots back up to 70.90.
Only thing us PIs don't know if that's the end of the move down, or just a dead cat bounce and $65 is the next short target before they load up on oil for the longer term.
Compound, Sharefall, Cong
Well said. I wonder how many were tipped off prior to the FT publishing their Moderna CEO interview. All part of the game. This is a short term Covid story that is being used to make money on the markets before the data is clear.
Everyday 40,000 new cases of Delta in the UK yet life goes on.
If MP's can be corrupted by a company seeking a government contract imagine what Pfizer could offer it entice a jabbing frenzy.....
https://www.pharmaceutical-technology.com/
5th May 2021
Quote.
The financial results also revealed that Pfizer has vastly exceeded its Covid-19 vaccine sales forecast of $15bn, and now expects the jab to bring in $26bn of revenue in 2021 – an increase of 73% on previously anticipated figures – with 1.6 billion doses set to be delivered under current contracts.
Afternoon all. I have not been on this forum for a few days as I could foresee the hysteria and panic.
" Negative Oil " " Oil in free fall "
Take a deep breath and relax. All you are seeing is the market doing what the market does. There are shenanigans going on here that have nothing to do with the real world.
Oil is being sold down by traders to pressure Opec+ to not only pause but, most likely , cut production.
Opec really hold all the cards here.
This is not April 2020. Demand for oil is near pre-pandemic levels and this new mild variant will make no difference to this recovery. At the turn of a tap, Opec have the ability to reduce and control supply and, with demand where it is, return to $80, $90+ very easily.
Opec are united, especially the big two being the Russians and the Saudis, and will act. What a great opportunity and excuse to cut production in the face of Biden's pressure and SPR action and the market's suppression of the price of oil.
My prediction. Opec will respond. Poo will recover. Demand will then outstrip supply after a month or two, even with the SPR releases, and then with reduced supply and increased demand. Happy days ahead.
This is all a game and certainly nothing to worry about. As long as you do not intend, or need, to sell ( give away ) your shares then view this period as just that, a game.
Meanwhile, more buybacks for BP's buck, a great opportunity to buy BP at a great price, (with a 12-24 month view.)
Remember, BP's number one priority is the dividend. Which they intend on increasing by 4% per annum until 2025, They intend on buybacks of $1billion per quarter until 2025, they are investing in the transition and can pay down debt............all at $60pb
This period will pass, keep smiling, BP is a cash machine.
Sharefall/Cong - I agree. Shameful, one sided reporting by the FT that caused massive movements globally.
Oxford Uni have come out this morning to say there's no evidence to suggest that the current vaccines won't help prevent severe disease. Spike proteins help the virus enter the system, and the antibodies the vaccines produce target those spike proteins to prevent infection. The spike protein mutations might mean that those anti bodies are less effective (or not effective at all) at preventing infection, but the vaccines also encourage T Cell production. Those T Cells target and destroy infected cells which is why vaccinated people have less severe symptoms. Those T Cells aren't as finnicky as the anti bodies, and aren't targeting the spike protein so are far less likely to be effected by the current mutations, so should carry on doing their job of preventing severe disease.
So it looks like we've probably got a highly transmissible variant and our current vaccines might not stop it spreading, but they should help to reduce the chances of severe disease in a variant that at the moment only causes mild symptoms.
We haven't got enough hard data to definitively prove all of the above, but that's how it's looking at the moment.
IF all that gets confirmed then happy days, although it will take a few weeks to get enough data to confirm it, and god knows what the markets could do in the meantime.
Moderna CEO is probably cacking his pants as their vaccine is more reliant on anti body production, so it might very well be useless against Omicron. The Oxford/Astra Zeneca vaccine works differently and seems to produce a much stronger T Cell response, so they are probably rubbing their hands now, especially as in the last few weeks they have started selling the vaccines for profit.
''The cycle of life... birth of the new death of the old and weak just needs to be accepted ''.Licker, you might change your mind when yourself or a loved one is lying on a ventilator.
This is not a natural control mechanism, it is a man-made virus, almost certainly designed by the Chinese for reasons that are unclear. It is a pandemic that should never have occured. The last pandemic on a scale like this was spanish 'flu in 1918 and that claimed more than 50million lives at a time when air travel was non-existent. So be very careful what you wish for.
sharefall i agree, Moderna CEo should be! On the other side Pfizer CEO apparently said Omicron variant unlikely to escape pfizer vaccine.
I would be very disappointed if we go to lockdown. The virus needs to be let run. The population on our planet is unsustainable and will get far worse. These are natural control mechanisms built tried and tested over 3.5bn years of evolution on earth. It must not be interefered with as there will be a bigger disaster from pouluation explosion to unsustainable levels if we are not there already.
The cycle of life... birth of the new death of the old and weak just needs to be accepted
Moderna CEO should be locked up for the mindless speculation. Idiot.
I think you’re right Smithy - one way or another this will be the end of COVID by next summer. It sounds like this is going to rip whether we like it or not as there’s community transmission in this country and many others.
Can’t see lockdowns coming back for another 6 months or so until everyone gets a new vaccine as that would crush many industries and countries who are already on their knees.
Hopefully the symptoms will continue to be mild and Omicron will actually be doing us a favour. Whether we like it or not, the only way out of this long term has always been natural herd immunity. All the lockdowns and current vaccines can do is help manage that process to minimise deaths, but the end result is inevitable.
avocet123, the current boosters boost the antibodies and it's believed that extra protection is provided even against the O variant.
Sorry mate. If you have an old duffer immune system, that’s not working aged people’s problem.
Get Netflix, stay at home. Your risk and your problem.
Smithy, maybe you'd be happier if a UFO took you away to their planet somewhere beyond our galaxy ????
Maybe Biden gave the Moderna guy a call, always handy when drug companies need to create a new drug that extends their time limit on it going to open market and just after they said they would share it was x amount of poorer countries, wonder if that means the "new" one would be shared too. Same again as last week, spreading fear when they have no clue yet.
Also : https://www.google.com/amp/s/www.standard.co.uk/news/world/covid-omicron-variant-christmas-gift-south-africa-expert-b968960.html%3famp
Well, where is the guarantee that this won’t be a problem next Christmas too, and the Christmas after that? And the one after?
Sorry, we tried. We couldn’t beat it. We simply cannot continue life like this. Time to accept it and let it rip. 2 years life has been stolen already from us. We cannot let the anxious ones society steal another day from us.
https://www.ft.com/content/27def1b9-b9c8-47a5-8e06-72e432e0838f Not good news imo they need to keep the current manufacture of the existing vaccine going but now need to focus on new variant too the statement about it taking months to make one that’s effective into summer 2022. Then also the time it will take to mass produce can see where this will be going. Fair play these pharmas will be raking it in.
He seems to be hell bent on convincing the world thar a new vaccine is definitely required.
Why then is the ukk gov pushing outdated boosters?
What’s the news, Moderna CEO…