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OIL MARKET: We have updated our story about U.S. oil production losses to say they now stand at **more than 4 million barrels a day** (that's close to 40% of total U.S. oil output). Multiple force majeures issued. | #OOTT #TexasBlackout with
@vtobben
Full story on
@TheTerminal
An ancient quote from the biography of Jesse Livermore. He made his biggest profits from sitting and doing nothing than taking his profits early.. That said he did plenty of short term trading! He also pointed to not wanting to lose his position by selling and buying back after a dip.... There could be times when a share gets away from you. Great read for anyone that has not read it. Edwin leferve, reminisces of a stock operator... Set near 100 years ago but still rings true... My favourite trading book....
Now I believe BP to be considerably under valued, but it all depends on the oil price and BP profit.
What are your views on the oil price being sustained above 50 dollar for the next 6 months plus..?? If in the 50 to 60 range surely this could be above £4..... With the div being maintained, supporting the share price
I was thinking the same thing myself this weekend. Rental yields have been reset and may be more sustainable for clients and as far as I am aware we still trade well below adjusted net asset value, don't forget last year's activist investor lighthouse capital who holds 15%... Not to mention possible consolidations in the industry. If I had any doubt on keeping these, think it's getting further from my mind
That's quite a post tacet. What do you think of this comment. Do you think Warren buffet and his comments about buy and hold is just his way to reduce the numbers of sellers in the market, while he pops in and out of trades. I'm beginning to think buy and hold is just a mantra to prop up the sp. Often after peaks in sp are seen, they falll away while you hold. I think my new way of thinking may be if the price feels too rich, sell..... I buy and hold a BP position, but I also trade a smaller position. Almost the only share I've traded (and hmso)...
New conspiracy theory, hfd created covid in a lab with China to boost profits and are instigating global cooling with help from the Russians & have triggered this cold snap to boost battery sales.
"Make halfords great again "
Sorry, its been a long day.
Hedge funds added another 9,070 shares of U.S. majors ConocoPhillips and 4,144 to Chevron Corp over the same time period.
Elsewhere, shorting activity in BP PLC fell by 16 million shares on Feb. 4 but increased slightly in European oil major Royal Dutch Shell Plc by 1.9 million shares, data from FIS’ Astec Analytics showed.
Sorry to hear that owl, hope you find something better to invest in
Yes I follow thanks . Not sure who drove the leverage changes, government perhaps. I don't think at 5x leverage I'd be interested to partake. Guess that's why ig share price and others cratered (but recovered) few years back.. Thanks
Sorry I know a bit off topic but does anyone know of a low deposit cfd or spread bet provider.
I just looked on ig UK, they would want a 20% deposit on UK shares, I'm sure they used to allow 5% few years back. Asking for a friend, thanks