I may be talking my book, and although I still think indices in general have topped. Oil should hold $50 now which paints a much brighter picture for Q3 added to the 750 mil write down out the way. we can all celebrate to that classic Yazz song; ( the only way is up ) ! further hurricane damage should also keep oil prices higher.
http://www.telegraph.co.uk/business/2017/08/01/bp-back-black-oil-prices-stabilise/ Am I going mad, in the article above, there is a mention of the Mad Dog Project not being viable at $100 but since the collapse in oil price sub-$50 , Bp have re tooled?????? Please explain this one???
Hi guys, I read recently that BP were scrapping a project of a cost of 750 million which I thought was already underway and paid for but I cant see any disclosure in Q2 figures hence why I sold holding. Can anyone shed light to actual costs incurred and whether it is in Q2 figures somewhere??? Must be a bright eyed economist out there that knows this info????? This is the only reason I am holding off as figure to right of was some 750million pounds which I thought enough of a chunk, to be negative and send SP down to next FIB support near 400.
well thought a good buy mid 450's but just dumped 30k shares at 446 as looks soft!!! no bounce, on reflection I thought Q2 figures disappointing and confused when SP rallied to 472?? thought I was missing something but no just 5k less in the pot!! roll on 406, good luck guys, not as choppy as currencies though !!!!!
As per last post, with Yellen comments not so hawkish and BOE the oppersite, some Goldman economist comes out with cable at 1.20,l!!!! Get real you were calling 2.12 when it broke 2.0!,, Cable is range bound and the range has shifted lower due to BREXIT. I reckon range now 1.30-1.70. Was in fx market 15 years that's the range and traded it! nothing has changed, problem being all economists/grads are behind the time, already in the rate, good luck Goldman's RIP xx