Member Info for fogthemogg

"The boss of the London Stock Exchange has warned companies tempted to move their listing from the UK to the US that the grass isn't always greener."

I'm sure there were people shouting that to the Pilgrims as they got on the Mayflower in 1620...

Defensive stocks exhibit low volatility, stable earnings and consistent dividends. Think you're on the wrong board...

"Fogthemogg, have you any positive things to say about BP., just wondering ?!! 😕"

Sure - it's a good trading stock or a portfolio ballast that pays a reliable, adequate divi. I've said that several times 🤗

"Raw data' such as ... ?"

Auson - You can start with China crude imports, inventory stockpiling, factory/manufacturing activity and Gulf state stockpiles. I know you thought it was a clever retort but all you've demonstrated is that you gambled, ahem I mean "invested", in an oiler without knowing what data you need to actually make the investing decision. Stick to index funds.

Not sure why you're copying and pasting waffle about air travel either, aviation accounts for 7% of global oil demand. Of course it matters, but not THAT much.

The "SPR is running empty and they need to refill urgently" narrative has been plastered all over the freebie sites for the last 18 months. You fell for it hook, line and sinker. Yes it's depleted but the Biden Admin started selling at >$100, they'll refill it as and when they need to at much lower prices. It's been lower than the current 383 million barrels in the past too. If they're not worried about it then why are you?

The proposed ban on open pit mining was not included in a list of 100 pledges from Mexico's incoming president...This could change of course but positive for now; might be giving us that support in low 600s.

Bonker your 341p call for Friday is looking like another master stroke, I don't know how you do it :)

"It's been a period where the best thing to do is switch off and ignore"

Hi Jakers, are you referring to the last 20 years for BP?

"Fog.... You might want to look at the US SPR and the fact that cushibg tanks are practically empty... Just an example.. Or does everyone who reports on oil lie"

Yes, SPR is at 383 million so they can release a few million barrels a week for another year and still be comfortable. Never thought I'd say this but the Biden Admin played an absolute blinder. They can replenish in the $60s and $70s after dumping at $100+, but they don't seem to be in any rush.

Again, the "SPR running low" narrative was plastered all over the freebie sites but it's a red herring.

Mark, I've said multiple times that BP is a trading stock, on that front it's never disappointed me.

So you've quietly pivoted from 1000+ posts of "tight oil supply", "oil shortage" and "paper market manipulation" narrative, to conceding that there's now a "possible oil surplus"? What made you change your mind today after years of such strong conviction in the opposing camp? You said that you don't wet your panties at the daily moves ;)

"Why iz oil price droppy today?"

China stimulus relief rally fizzling out (again) and mumblings of a ceasefire between Israel and Hezbollah.

well considering the silver ****show, that was probably the best day fres has had for months.

"the physical market is tight"

Hi Jeffrey, can you point me to the raw data which demonstrates this or did you read that in a free article? If so, where? Please don't say oilprice.com :)

"he respects other people's opinions whereas you clearly do not."

If by "respect", you mean that he instantly dismisses all opposing views which turn out to be correct, whilst regurgitating his own incoherent and incorrect ones, then yes he does.

If by "respect", you mean the definition as per the Oxford English Dictionary, then no he does not.

"Watch the market prove my opinion right over the coming weeks."

You've already made your bed and placed your calls with great gusto in the public domain for the last 18 months. You've been proven wrong on a monthly basis, and over a sustained period of time, pertaining to both the oil price and BP.

Even if BP returns to 500-550p in 2025 or 2026, which is entirely possible of course (I've announced my buys at these levels), you were bullish at 540p last year so it's game over already.

Mark, you were bullish at 540p and talking gibberish about bullish signals whilst telling people to buy more...You've got it badly wrong because you bought before doing the research, then looked for a narrative on silly sites like oilprice.com and Yahoo Finance to validate your wrong call.

You've regurgitated the oil shortage narrative for donkeys in waffling fashion, without a shred of evidence, then post links to oilprice.com et al 😂

I called the oil supply glut ages ago because I actually look at the raw data, naturally BP and other oilers were going to go lower too.

You're in way over your head, stick to index funds; your net worth will thank you for it.

Jeffrey to what end and why? Manipulation or not, it's been a trading stock for 3+ years.

Hi Mark, is the "paper market manipulation" and "oil short squeeze" in the room with us right now?

"Reckon a 5% to 10% today"

You didn't specify positive or negative? Trend in quarterly production decline is clear, presumably Q4 even worse.

Clue is in the name I think...Baltasar 😂

Hope is all we've got Robleo...Had anther slurp at 73p today, although wasn't expecting my limit order to trigger so early in the week!