Member Info for MarkGo

Bad news for oil .....in about 10 to 20 years

I would have thought the SP would have been impacted more than this by now. Happy it hasn't.

Nice piece Gavster
The Fed fomc meeting decision was as hoped for with no surprises for the markets. Tomorrow should also bring European / WHO reassurance on the Astra / Oxford vaccine so good for sentiment.

Onwards and upwards

Caitlin

Well done on your good timing on 309. I think it was Smithy who called 309 as a support level earlier in the week and it was a correct call yesterday and today. A nice small upward movement today also taking into account no positive news.

All the best

US Open

Thanks Smithy. Just remembered the earlier US start this week. Thanks

A sudden spike up for some unknown ( by me ) reason

SmithyS2019

Thank you for your opinion Smithy. Always concise and rational. Also assists in calming my irrational fears !!!

I know the SP does not go up in a straight line but with the 312 support nearly reached, what is to stop this being sub 300 again. Nothing I guess

Nothing to worry about. Market controllers using any excuse/opportunity to make money. This time the "AstraZeneca-Oxford Covid-19 vaccine" non-story.
Quote..
"Today's session has been uneventful due to an absence of new positive news," said CMC Markets analyst David Madden.

"This morning, European stocks got off to a good start as the bullish mood that was doing the rounds last week spilled over to today.

"The Biden administration approved the much-talked-about $1.9trn spending scheme late last week and that greatly influenced the overall mood in the markets."

Also contributing to the positive sentiment was the recovery story, Madden said, but some doubt had been cast over that in light of growing safety concerns around the AstraZeneca-Oxford Covid-19 vaccine.

"There are worries the drug is connected to blood clots so some countries have stopped distributing it for now.

"It seems the recovery trade has hit a small bump in the road so that is contributing to the mildly bearish mood.

"The FTSE 100 is in the red as commodity stocks BP, Royal Dutch Shell, Rio Tinto, Glencore and BHP Group are weighing on the index," Madden noted.....

Happily buying on the dips, real rewards Q3 -Q4 onwards.

Packman

Thank you for your analysis on BP and electric charging. I think along the same lines on both. I am also fully in agreement with your CGT and Deliveroo postsssss position. Thousands of other appropriate places than a BP share chat forum.

Have a great day

A long long term return on investment. Firstly, recharging points need to start 'charging' ( see what I did there ! ) for the free electric recharges.

It is perplexing looking at BP and Shell as two of the biggest ftse fallers at present. Monitoring slow gains that are followed by dips is frustrating. The answer I guess is stop looking ( I tell myself daily ) . The SP is heading north and there really is no new good news to accelerate the climb. On the Poo, the global recovery and oil demand will take time, Opec+ do not see a real pick up in demand until H2. So Q1 will be interesting but real substantial demand requires time. £4 + end of year maybe.

I second that motion. Non relevant dribble. Pages of the nonsense.

Reading the report it implies April Opec+ meeting could, hopefully, be another month of non action as with the March meeting. This would be wise for Opec and good for keeping the POO at current or higher levels and thus BP profits moving forward to the Q1 results. Onwards and upwards SP.

Neversellshell23

Agree with your analysis. The reality is that alll oil producers aims and futures are now aligned.

Great weekend all

.......us shale!

" general consensus seems to have us fracking as one of the main concerns to higher oil prices "
Fracking now has major investors looking for a return for their companies and shareholders, just like every other oil. In my opinion the old yarn that fracking will lower oil prices is the story of the last decade. Reality is that investors in fracking want exactly the same as opec+ members... There is no cheap oil production or no investors in fracking looking for anything different from every other oil..... High ( current level ) oil prices are beneficial for all parts of the oil business. There is no cheap, abundant, non profit driven oil producing charity. All producers are aligned. Maybe not 10 -5 years ago, but now.

Wheremymoneygone

Are you totally out of BP now, waiting for a drop to buy??

Can I get a yawn ??

Fingers crossed but the weekly Friday afternoon sell off usually produces a dip to the SP .......and my mood !
Anyway positive thinking 323 end ( 317 probably )