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Reckon we resume buy backs at these lvl's got a support on fibs at 503, really cant see why Bob would jeopardise the SP with taking hit with tax reform and deep horizon , so thing underlying results for Q4 will impress and absorb both hits. Noticed a bid hit for someone �45 m buy 535 and looks like bail at 517 if you have any info??? I think we have taken a hit as to SP because of the surprise of more DH revisions, but SP will wipe it's face and continue upward move after Q4 and throughout 2018. I will be really surprised if we break below 503 and major support 477. If I had more cash available ( already got 40k shares at 423) I would be doubling up at these lvls for a gapped spike Q4 once the figures have been digested and obvious exponential growth throughout the first half of 2018, target 595
what baffles me is with already a $1.5 bn hit to Q4 due to corporate tax changes in US, Now this late announcement of a further $1.7 bn hit to Q4 to finalise Deep Horizon commitments with little or no indication that this would hit Q4???. I was expecting a healthy leg up for Q4, the only reverse psychology I could hope for is that the Q4 profits are so much better than expected due to recent rallies in Brent and Natural Gas. Bob decided to get all bad news out as Q4 could wear it and leaves 2018 a clear opportunity to grow exponentially without any further drag??? fingers crossed
Hi zzzz, For some reason a bit sticky here at 530, just hope Norway wealth fund sitting on the offer!! Lol I can't believe the past weeks rally worldwide,personally I think we top here but the trends your friend. Need to reach 540 pretty soon as may dump for a 20 or dip
Hi zzzzzzz, Everyone has their own goals, im a little risk on than most, I've got 90% of my pension in BP which most would say mad! Ive got 40k shares at 423 on average but want 575-580 to take profit ,that is my target for 18 months sweat and watching oil and news 24/7. Only time will tell Happy New year, markets are tippy now can't see much more in the next 6 months
Nice short-term tax hit to Q4 but look on bright side a 1 USD increase of the price in Brent equates to an extra 340 USD profit over a year, this last quarters rally should negate most of the tax bill and then there's the rally in natural gas!!! Buy dips
Hi zzzzzz Sorry didn't see you, listen we are in a range for now, unfortunately FTSE looks a sell 7440-7500 area now and cable holding firmer with Brexit euphoria ,oh really!! Good PMI today and news on shale predictions flawed in EIA projections. On charts buy dips with 477 key support. I fancy Brent will pop on the upside in coming days and we test 70 USD in January we have Q4 release and then endith the chapter and we resume upward momentum to 575
I totally agree with you,but maybe there is a clause for share holders to avoid reckless buying on a falling market to protect investors and avarage in? Hey I sold 300 million stgdmk for George Soros when we came out of the ERM The government lost millions trying to support the pound and was pointless to try to go against market forces!
Well if this oil keeps on making fresh highs when it just looks likes breaching the 60 level then Q4 will be even better and we will be in the clouds as to Share price.we need to get through fib resistance 525 first though. I know oil stockpiles are reducing gradually and activity in Us had slowed, but reckon this oil price may be being manipulated . Saudis need 70 usd price to break even and this would assist their flotation next year! Perhaps these Opec leaders are forcing it directly in market while squeezing supply. Clever strategy if they are!