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In the end, I sold 2/3 of my BP holding yday at 3.05. Had my finger on the button earlier in the day in the 3.08’s but got greedy and/or distracted by the cricket so left some profit on the table. Nevertheless, happy to bank a 53% return (over 2weeks to 3 months) and leave 1/3 of my holding in play. Although, if there is a dip, I’ll get back in...I know we’ll be at £4 in H1 but, having missed out last month, I just wanted to bank the profit rather than kick myself if £3.10 proves to be too much of a test at this moment
GLA!
The BP SP is getting ridiculous now! Brent at $66.50 as I type with more & more analysts increasing their forecasts for the POO in Q2 & Q3.
At some point, the SP has to rocket, just to get to where it should be now, let alone where it should be on the back of future expectations
What is our BE price again? $40 a barrel? I know it’s all about Green, Tesla, etc now so we won’t see £6 again, accepted. But, nor should we be languishing at £2.80
Where do we see the SP at the end of the week? At £2.50ish last week, I did expect a swift rise back to £3 with the disconnect between the POO and BP’s SP narrowing. After the strong rebound since Friday, today looks like it will be another good day for the SP. I don’t see the Ex Dividend date having much significance given the general upward pressure here
Surely, surely, this is the week BP starts it’s move back towards £3
Lots & lots of positive press over the weekend, Crude pushing $60 & going Ex Dividend next Wednesday
I said last week I expect a c10% rise in the SP any day now, even more confident now
I always take these analysts views with several pinches of salt as who knows what their positions are. However, I personally have a H1 target of £4, as long as Crude remains > $55. I can’t see > $ 65/70 without some sort of catastrophe so doubt we’ll get back to pre-Covid levels in terms of the SP (given the post-Covid Energy outlook)
I’m no expert in any case, just an PI who got in at £2, bought more at £3 and then more at £2.55 yesterday
Unless Crude, currently near a 13-month high of $59, falls off a cliff in the coming days, I’m expecting a c10% jump any day now, with further moves to £3+
Simply put, BP is now making more money than it has since 2019 so the current SP is disconnected from reality
That is baffling me atm tbh. Crude is back to January 2020 levels but the BP SP (like other Big Oilers) is 50% below its SP at that time
I fully appreciate the environment is very different now, vs. Pre-Covid however, surely that doesn’t warrant the SP being at such lowly levels.
With expectations of crude widely forecasted to remain at current levels, if not slightly higher, for some time now, BP is well placed to rebound strongly in the coming months
I added more to my holding yesterday and expect a swift move back to £3+, just like we saw last month, at lower crude prices
I saw a report on TV yesterday that said half of business travel may never come back (having moved to the virtual environment)
Personally, I have 3 or 4 holidays pencilled in for this year, having not been away since August 2019 - This is why I’m excited about IAG’s prospects in 2021/2 but we may struggle to see £5/£6 again
Don’t you feel at least a little embarrassed when you just make up BS, to promote your clear agenda against TC & existing SH’s? All this nonsensical D4E talk, your post the other day, where you valued the Airline at £300m, when the banks, analysts, the FT value it at £690m-£1bn, was absolutely shameful.
Maggoo, if administration happened, it’d be the banks calling the tune, not Fosun, who are already on the hook for 20% of the business, which they’ve probably paid £200m for?
So, why wouldn’t Fosun go ahead with a takeover now, having already invested so much?
If anyone is calling for Harriet to resurface at TC, they are absolutely clueless. Her "Be lean with yourselves and lavish with the customer" BS to struggling TC employees, many probably on the minumum wage whilst others were being chopped was downright repulsive..if only she practiced what she preached. With her greedy snout firmly in the corporate trough, living the highlife on TC's tab, she sold off the family silver and when there was little else to flog, and the ideas disappeared, she got the boot. Good riddance
https://www.dailymail.co.uk/news/article-2853597/She-s-Gucci-loving-blonde-tattoo-temper-saved-Thomas-Cook-did-stuffy-suits-board-sexy-city.html