new to the board. Have a reasonably large stake in BP (Ave. 286 - £55k) and looking to diversify my portfolio. I'm keen to understand why 2021/22/23 predictions push this +400 in the next year given the 5 year SP.
RE: 7 reasons to buy BP - 500p by September 202111 Jan 2021 13:28
Brent summary:
Brent crude futures were trading around $55.5 a barrel on Monday down from an over a 10-Month high of $56.36 hit on Friday as a surge in Covid-19 infections in China, the world’s second-largest oil user and tighter restrictions in some European countries raised concerns about fuel demand. Still, crude prices remained elevated as US President-elect Joe Biden is likely to announce trillions of dollars in new virus relief measures later in the week and Saudi Arabia’s voluntarily cut its oil output by 1 million barrels per day in February and March.