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Went through the RNS today and with my vast knowledge of financial instruments and trading, i am convinced it is a very good deal, considering circumstances we are in, some investors might have view that price achieved is not they expecting but considering the timings, it is great deal and will go long way to secure TLW in long term.
Cuts are imminent but impact is already factored in the SP, Crude is trading nearly $35 PB ATM. Even meeting is successful, I am not seeing more than 10% increase in SP temporarily. SP will come down and hoover around 300 - 330p due to COVID-19 and no demand.
My opinion, can be wrong :),
GLA
ÂŁ50m BUY for BP plc
It indicates, big guns know the new for tomorrow from OPEC meeting. So HOLD your guns, do not fire now. Every one will be happy tomorrow.
Topped up second time today, this time at 24.60p.
Fingers crossed.
Good Luck All.
I do agree bit of it, but, to bring stability in market, saudis have to consider it. secondly if they do not agree for production cuts, price of the oil will decrease more as demand is low ATM due to Covid-19. This will ultimately hit their revenues. Even, by supply and demand equation ATM, Saudis would not be able to balance their books in near future Plus cheap oil buyers particularly china will fill their oil reserves which as a business, saudis should not want..
Keep the spirits high folks, personally i think, OPEC meeting result will be positive and any positive outcome will be welcome by SP. Markets run by suntiments and it will be a boost, but it will be for short period. OPEC producers want to increase the price of crude oil and they will play sensibly and will do some cuts, may not be exactly what Trump is hoping but there will be production cuts. which eventually give SP a boost. As demand is low at the moment, SP will come down in coming week. I can see it will hoover between 330 and 360. it is my opinion, can be wrong :(
Good Luck all.
Boris Johnson is "comfortable" after spending a third night in hospital - a second night in intensive care - while being treated for coronavirus.
It comes as London mayor Sadiq Khan admitted the capital was "nowhere near" being able to lift lockdown restrictions. He told the Today programme he was in regular contact with public health experts, who have reiterated warnings that "the worst part of the virus is still probably a week-and-a-half away."
Meanwhile, the Chinese city of Wuhan – the original epicentre of the pandemic’s outbreak – has reopened after more than 70 days shut off from the world, marking the end of one of the largest lockdowns in human history.
Boris Johnson is "comfortable" after spending a third night in hospital - a second night in intensive care - while being treated for coronavirus.
It comes as London mayor Sadiq Khan admitted the capital was "nowhere near" being able to lift lockdown restrictions. He told the Today programme he was in regular contact with public health experts, who have reiterated warnings that "the worst part of the virus is still probably a week-and-a-half away."
Meanwhile, the Chinese city of Wuhan – the original epicentre of the pandemic’s outbreak – has reopened after more than 70 days shut off from the world, marking the end of one of the largest lockdowns in human history.