easyJet Share Price (EZJ)

Since the start of the blockade (fuel supply shock/cost shock), POO/fuel has increased 60-100% depending upon which figures you want to use. In fact price of physical oil/fuel is more than 100%. What hasn't happened is fuel rationing or EZJ cutting flights/routes due to fuel cost. For the oil companies (look to HBR and ENQ as examples) their SP's have not increased (the increases that you see started before the crisis and have not proportionally moved up with the supply/cost crisis. You could postulate that the reason is that strategic and commercial reserves have prevented this supply/cost shock from becoming catastrophic. EZJ price has fallen and that is likely related to real and anticipated changes to the cost/accessibility of fuel hitting the bottom line numbers. There are commentators out there suggesting that the buffer provided by strategic/commerical reserves could be seriously impaired after 3 mths of supply shock. That means, if the problems in the SoH are not resolved by end of May, the price of oil/derivatives/fuel could increase sharply from here. If there's any truth such an idea, then things could change by or soon after the end of May. At that point, we might see oil company SPs move to the upside in recognition of their increased profits not being a flash in the pan and simultaneously increased pressure on the SPs of airlines.

Well, whatever the truth is, time will tell us and we're pretty well at the weekend. Classically, as we move into the weekends, oil company SPs weaken (fear of news of a resolution becoming public) and I'm not sure about airlines, but you could imagine a little speculative buying in the hope of a resolution of SoH blockade being made public.

Wonder if can hold £3?

No way you'll get near 300p before results day and a half decent uptick. Great level for a weighty top up

Back on 20th Apr on this thread I said: "Many factors converging and the stock has been way overbought. 310p-325p remains my guidance IMO - DYOR"

We're not far away from there now.

RR down near 4% the sheet hasnt hit the turbofans yet imho