Member Info for mojo7865

100 days for countries to submit their plan to halve emissions by 2030 lol. Seems like the media always focus on climate change every time the market takes a hit.

Still skeptical Dow recovers to virtually where it fell and bp stages no recovery. This is the problem anytime the USA markets fall it will bring the sentiment down and bp along with it yet when it rises no effect. It’s pretty much next time the Dow drops bp will go down too.

Dow now 340 points can’t make this up the vix is going to go in to the 30s if this continues.

Looks like the markets back on slipping down some more oil is being hammered again. Don't think the drops over yet would wait for a bit if this 277p goes significantly lower that is the 50ma for the weekly gone and then it's pretty much 250 territory.

Just gut instinct really and other things I've mentioned throughout July. Won't be buying at the moment in anything until the dow has chopped off about 2500 points in total. Was tempted to add at 280p but market sentiment is shot to pieces atm and I can't see near term upside so keeping the powder dry at the min.

first time in weeks significant shift now dow accelerated sell off.

I think ceders price point of 255p if 280 flops is based off the weekly charts from what I can see. The scary thing there is there is after 255p there's no support till 194p. Again not saying it will go there.

USA opening is what you need to watch out for today to see what direction it gives if the selling pressure continues after 14:30 then 280p won't hold but , it is a solid base where the 200ma currently sits.

Pretty sure that same guy spoke about a break out at the start of July etc. Based on what hes saying hes probably basing it on tnav value which is 197p. Pretty much clueless as the rest of us really.

The issue in my mind is market correction of 10% the wider indices have been on a run for a while and a lot of bullish analysts have turned short term bears and holding cash back according to cnbc. The indices particularly US ones have not seen a pull back for a while this in turn will put a drag on things I think. It’s mostly the sentiment issue in that recent events especially the German one has re ignighted the mantra of do more to tackle climate change. Coupled with the fact china’s gdp numbers were not seen as great. JP Morgan recently said they are holding a lot of cash at the moment because of inflationary worries https://www.google.co.uk/amp/s/www.cnbc.com/amp/2021/06/14/jamie-dimon-jpmorgan-is-hoarding-cash-because-very-good-chance-inflation-here-to-stay.html I see this going on through the summer period till some direction is given. Main concern here is this mirrors last year even though the world is in a different place I can’t see h2 at this point doing much possibly just getting a 2-5% rise from these levels if that. Sorry sounds negative but, just my opinion.

Mojo7865 £2.50 (if 280 is breached)
Westh1 £2.80
Sigma1 £2.83
NSS £3.03
CR £3.05
Andy £3.15
Spights £3.22

Options expiries today accelerating the sell off always watch out for that 3rd week Friday it’s a doozy. Beeps gone below 290s stateside.

I think with shell you'll soon see it at 12.90 if this continues. The greater concern in my mind is if 280s isn't the bottom you'd have to be brave to catch the falling knife at the moment I remember similar time last year when I bought some at 280 thinking I got a the bottom then within a few weeks we saw 200p. I don't think the recent floods in Germany have helped things negative news has been piling up and stimulus is all but being tapered down now. I think the general markets will pull back but the moves on oilers have been more severe. FTSE as a whole now below 7000 again the bottom there looks closer to 6800. Just to add I'm not implying this will fall to 200 just saying don't know if 280 will be a true bottom unless the market turns.

I think debt has to be a priority more than buy backs if you look at the gearing compared to the nearest competitor it's 68% vs RDSB 58% divi cover for bp is 1.3 and for shell it's 1.4. Generally speaking a healthy divi cover is seen at anything above 1.5 in terms of sustainability. When comparing the gearing of the two I think further work needs to be done a healthy gearing is seen around 50% anything over that is concerning in the longer run especially with oil prices being highly volatile.

Once the debt is lowered to much more sustainable levels then you want to see surplus pushed into acquisitions or projects.

Sitting on medium turn channel low looks like if that falters the next leg down is all the way to 12.90 possible if this sell off continues.

I'm kind of surprised or maybe i shouldn't that the opec resolution hasn't had any impact on the sp maybe when USA opens. Even though I'm out hard to take my eyes of the share.

https://www.cityam.com/opec-end-deadlock-over-oil-supply-policy/?utm_source=dlvr.it&utm_medium=twitter not sure if this is true? someone posted this then said it wasn't confirmed?

Share be alright was the original logical plan but I felt I needed to adapt after watching the price just top out at 310 and falling back several times now. I’m worried about the 200ma all the way back down at 280 atm. Especially as it’s outside the medium term channel etc. At the moment it’s all about capital preservation hence why I thought let’s take the hit bit annoyed I didn’t do it at 310p yesterday but I froze but after sleeping on it last night the thought of this going lower just makes me too nervous. I have no doubt the results for q2 will be stellar but I’m not sure the sp will be impacted by it much unless suddenly we find some gold ore deposits. The sentiment of the markets at the moment is one of negativity I’m sure come September they will flip the switch and I’m sure bp will come up good later but that’s too far away for me to wait and potentially see another leg down.

I think my eyes firmly placed on miners now. But I’m probably going to sit out until late July now the markets move a lot in this low liquidity environment from the smallest of trades whether it’s up or down and it doesn’t do the mind too good. At the moment the entire market is like this and I don’t really like it so for now I’m out.

Decided to take a hit on my position first loss in a while on bp mostly profits from the last trade but it just seems like it’s stuck below these levels for the time being and won’t be going up anytime soon. Good luck all.