Member Info for Domtaz

BP share price knows only one direction BACKWARD just like the camel pi*s, back in November if I stayed with SGC I would have doubled my investment, what a bull*ck of a share.

https://oilprice.com/Energy/Energy-General/This-Strategic-Shift-Could-Make-Big-Oil-Much-More-Profitable.html

Up to date oil future up 4 %......( The Port of Aqaba is being prepared ? Al jarzeera report )

The president of Egypt ordered the Suez Canal Authority to be prepared to off load the ship according to Al Jazeera, the stress to amid ship have increased considerably with the tide movements.

J.P. Morgan strategist Marko Kolanovic wrote in a note Thursday, there are risks of the ship breaking, “In this scenario, the canal would be blocked for an extended period of time, which could result in significant disruptions to global trade, skyrocketing shipping rates, further increase of energy commodities, and an uptick in global inflation.”

A least 150 ships laden with oil, automotive parts and consumer goods have accumulated on both sides of the Asia-Europe trade channel, no effort was made due low tide and high wind, the Pessimistic port authority assess the stern of the ship to be deeply buried in the rocky bottom of the canal and no mention of time line.

Every day 51 ships pass through the Suez Canal , 27% of these ships are oil tanker, alarm bells have started to ring around the world on the long term consequence of the blockage, hold tight.

The Suez Canal Authority said that the surface beneath the Ever Green are rocks which make it challenging to dislodge and they are going to deploy all the available tugs to prevent the ship from listing.

Brent already up 1.45%. WTI similar 1.40 up.

According to Bloomberg, it will take at least two weeks to off load and dislodge, hold on to you oil shares.

large build up of ships waiting to cross on both sides of the Suez Canal which will be blocked for many days to come.

Let us see what the Suez Canal blockage by huge container ship do to both directions oil supply.

Short or Long, who is going to be the winner in a volatile few months a head ? interesting analysis.

https://www.reuters.com/article/us-global-oil-hedging/oil-bears-and-bulls-grapple-as-market-puzzles-over-pandemic-exit-idUSKBN2B90EO?il=0

Hi rjb92
1/ Unreliable trading platrome performance, after opening time, then after close the value of your account are all over the place, you will get the accurate picture of your holding around 5pm.
2/ For a year now HL promised to reinstate trading volumes, recent trades and broker reviews, the promise is still there and HL have not fulfilled the promise .
3/The incredible length of time it take HL to transfer SIPP/ISA or any other investment out.
4/To wait a good 20 + minutes for your call to be answered is so frustrating, much longer when the platform is down
5/The trading charges per trade are very high, 0 to 9 trades £11.99, 10 to 19 £8.99 and thereafter £5.99 per trade, as for the other investment to get a clear picture the I suggest you read the negative reviews on trust pilot.com, please note those are my opinion and it is best if you find out for your self.

Hi Valve Man
My advise and it is through painful experience DO NOT GET ANY WHERE NEAR Hargreaves Lansdown, please read the one star rating reviews at trust pilot.com

Interesting comments from Jefferies.

https://www.cnbc.com/video/2021/03/02/could-rising-commodity-prices-boost-ma.html?&qsearchterm=peter%20bowden

“Statements from Saudi Arabia indicates that they are on the cautious side. Rather to keep it a little tight a little too long than to run into an oversupply before Covid-19 vaccines have truly made their magic on global economic activity and oil demand,” Schieldrop said.
“The upcoming OPEC+ meeting is thus unlikely to ruin the oil party with respect to April supply as the total outcome is likely going to leave the market slightly short rather than in surplus.”

The FSTE 100 is up 32.7pts (0.51%) according to IG, better picture of most indices future later on tonight. I hope to be a better day tomorrow.

NYSE Barclays Bank at close.
8.19 -0.35 -4.10%
20:59:56 - Real-time Currency in USD
Volume: 6,278,462
Bid/Ask: 8.07 / 8.59
Day's Range: 8.04 - 8.24

https://www.insidehousing.co.uk/news/news/homes-england-extends-help-to-buy-deadline-after-pressure-from-builders-69208