Member Info for Claire2479

Auson - many thanks. I should have checked first. My target is higher at 750p mid 2026. However, I'm not saying my success rate - pmsl.

...if it's Giacomo Romeo from Jefferies (sorry too busy to look at article atm!) then he is one of the better analysts.

93 out of 139 (67%) ratings were successful [for those who seek verification].

I would also support, ref. For what it's worth.

My opinion: SP is in a gloomy downward channel at the moment which began w/c 15th April.

It is now below a key support at c. 380-390p. The next key support in this channel is c.330p w/c 9th December. All technical indicators I use are very o/s but - crucially - there is very little divergence in the o/s region which suggests a rebound is imminent.

So my conclusion/ advice (for what it's worth) is for extreme caution to be exercised. I am slightly above the present level but I am delighted with a 6% yield and I am prepared to add a little more at the aforementioned next key support if an opportunity arises.

Without a positive catalyst, the SP is relying on weak sentiment for support.

2025/26 will be all about net debt reduction - Question is when do II's realise this (ahead of PI's obviously) so will reflect on charts - ie, when SP rises above the downward channel.

Best wishes - whatever you decide

Retirement: That's so true, pension freedoms and equity release schemes at sub 3% not too long ago to name but two, simply gave too much power to the 'man in the street'. Don't worry, The Emperor with New Clothes will sort it!

Auson: fascinating.

LTIs, I feel your pain. I have now left the top up process here as I cannot be certain of support, even at these ridiculous levels. Personally, I'm delighted with a yield of c.6% in one tenth of my investment pot - a little rich in terms of proportion but I am happy with that risk with this magnificent company.

The bleed below the last key support is c. 2% which in my models is too great so I'm preparing for more pain and hopefully will take advantage with any short term trades to reduce long term average above.

However, the downward channel to the next key support on my models is occurring in early December at a price level of 330p - which also coincides with a very significant support level (fib 62%). IF this level is tested and rebounds (as I would expect), then I would be personally very happy to increase my pot size to say 15%.

That being said, perhaps the IIs are now seeing these levels might not come along again?

Best wishes

Thanks Mark,

Powder left dry and no commitment to argument is also my preference. There is a strategic geographic advantage if the world continues to diverge. However, in the future and once the value is added back in with the emergence of the new strategy then it would be foolish not to review, especially if other majors have relocated in the meantime. I also would like to have a lot of reassurance that the US markets would be as receptive to BP as, for example, Shell wrt GoM legacies.

It's a complicated world to say the least and I thought Murray and Kate handled the questioning just great.

Best wishes

Just before I sign off, I wanted to say I really enjoyed your company - really great posts whichever side of the debates you were on, thank you.

Irrespective of the closing price, I must just say to WeirdPal that it's crazy just blindly calling it as a binary option like I did. You know that ...but it was fun watching the pendulum swing. Coin on it's side?

NMH, the real test will be after tomorrow's budget. Hold 380p then and well ....

Mark, Murray is right. The world is too full of divergence.

It's not wise to be all in on US. Keep the longitude divergence and play all sides, esp. to global south and BRICS.

Watch the barrage of insults after that one.

Present board have strategy bang on - but US wants their prize. Who is going to win?

Hi Auson,

It's not easy wearing 2 hats . Long term I hope Murray and Kate hold on - I know that's controversial on the BB.

BP's present position has a lot to do with Looney's strategy - it was too soon (...but correct in long long term). How to wreck a great company. The yanks scent blood and are coming for their kill - - yet again.

...Heads or tails Weirdpal (LOL)

Denby - absolutely nothing shocks me. I always protect for a surprise. This is at a traders bottom (fib 50%) as I call it. The spivs are really trying their best to put the pressure on.

On all technicals on my screens it's massively o/s. But with sentiment it can go further so be careful if spread betting and not in a long term timeframe

Agreed Happy - just bought 2 lots here myself

The floor [380-390p] is definitely being tested at 380p - so far just held. A lot of reinforcement and it held.

We are though at the bottom of the beam (consider in X section) so a break here could lead quickly to a test at 330-340p.

The 330p level if tested is a significant fib 62% retrace so I'd expect a very strong rebound IF tested.

Hold on tight - US open is going to be ....(please substitute depending on circumstances)

ATB

...truer value north of £5.

imo closer to £6 would - sadly - achieve some attention.

all conjecture at the moment - I'm hopeful the spivs from across the pond are now at a point of risky diminishing returns. It will take a lot of money to break this floor.

Just v quickly for LTIs -

380-390p = all prior news baked in. If able, then set-up some short duration buy orders below this level should algos go crazy or US IIs see further opportunity to put pressure on Board. Very interesting to see US open - at this time I'm not expecting them to close this morning's gap down. Use as an opportunity to lower investment pot averages?

CEO/CFO ... new strategy starts here - judge at 2H2026

GLA

Auson, further to Simpson - ties go way beyond Burnham and her strong NW links wouldn't surprise a walk down Frodsham high street!

Auson,

Simpson - very left leaning and ties high up on left!

She has a lot higher aspirations and is a strong candidate for future leadership roles. Keep a watch out. She also has strong union support networks.

No. 10 messaging via backdoor?

...If only Hans Christian Anderson could re-draft 'The Emperor's New Clothes' to suit - very applicable and so hypocritical beyond words!

...I don't wish to be a harbinger of doom and gloom but the sell off in US bonds recently could also be a signal of a lot more pain to come in the Middle East once the election is over. Just a (terrible) thought.