focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Https://oilprice.com/Energy/Crude-Oil/Dont-Believe-The-Critics-OPEC-Cuts-Are-Working.html
Morning Spights and Nightpusher and all
Glad you are getting better weather than me.
You don’t live in Scotland without being used to a wee drop rain.
However with BP over £5 I can put up with most things.
I know 2 days do not make a quarter, but it’s a very good start to the quarter for the oil price and sp.
It’s actually very easy to feel optimistic.
Spring is in the air ( in Scotland that usually means snow in a couple of days).
Onwards and Upwards
Hopefully the £5 holds this time.
Oil is very strong.
Maybe some held off reinvesting div to wait for new tax year,which is only days away.
Some new money in then might also help.
Lots of reasons to be cheerful.
Just not the weather it’s raining
Https://www.cityam.com/oil-majors-recap-how-is-2024-treating-shell-bp-exxon-and-chevron/
Woke up this morning to discover had just received my envelope with the details of this years matching employee share scheme.
It was about 2 minutes before I realised it was a dream,as I have not been a BP employee for many years.
Maybe that’s the part of BP I miss most
Https://www.calendarlabs.com/lse-market-holidays-2024/
Nb closed Good Friday and Easter Monday
( but bet you all already knew that)
25 years of ISAs: what we have learned
https://www.fidelity.co.uk/markets-insights/personal-finance/personal-finance/25-years-of-isas-what-we-have-learned/
WP
agreed
The longer the market undervalues BP the bigger the mistake they will have to correct.
With buybacks this error is being magnified.
If the disconnect between real value and sp gets too big.
Someone will find it too big a bargain to miss.
Meanwhile the fundamentals will continue to improve
Https://www.bp.com/en_gb/united-kingdom/home/news/press-releases/easter-egg-stravaganza.html
But
“Meanwhile, gasoline inventories fell this week by 4.437 million barrels after falling by 1.574 million barrels in the week prior. As of last week, gasoline inventories were about 2% below the five-year average for this time of year, according to the latest EIA data.”
So demand still there.
Would only start to worry if next week was similar big crude build.
Figures have been all over the place for months
Https://www.bp.com/en_us/united-states/home/who-we-are/us-impact-report.html