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Who said anything about being out for then. I intend to be back in before 27th April as I stated. I just believe I can get a better buy in price before then, that's what trading is. As usual the market will probably over react to any increase in production. I do read happys posts, and in fact all the posts. I'm backing what I think though, a move by opec to continue current cuts imo opens the door from us frackers so I believe they will allow some increased production, and when the market overreacts as it more than likely will ill jump back in
April fools day, they are meeting every month for now
Iv got one eye on opec meeting April, im fairly confident I'll get the chance at a better reentry point, but if not iv done alright out of it. Good luck all
Yeah totally out for now
Obviously just my opinion, ill buy quantity back at 310 if it gets there
I think with oil at 69-70 I don't really see it being much above that between now and April 27th. I feel between 65-72. If the oil price retreats to anywhere near 65 the sp will drop back a touch. If there's no upwards pressure I think sp will drift. Last time I traded I got 1000 extra shares, hoping to repeat that
Absolute perfect timing, sold out half hour ago with a view to trade. 320, 30 mins later up over 323... Still, trading been beneficial of late so can't complain too much
Is simple maths, with oil approaching 69, bp are making significantly more profit that predicted, and that will be reflected on April 27th results, and a revised estimate going forward relating to oil price and subsequent profits.
I appreciate some people are asking for help with CGT and isa allowances, and some are talking about where to buy gold. But it's clogging up the board with content unrelated to bp. Politely requesting we keep the content to bp so the rest of us down have to scroll through your conversions. Cheers
I think its paid in cash now anyway for bp.
Brent up 1% at the moment, in addition to its continued upward trajectory after market close yesterday. Should be some nice gains today
Cheers
Anyone know what time they meet tomorrow?
Well, I would advise if you bought recently at 297, think of the reasons you bought in at that price. Nobody knows for sure. I personally am leaning towards a small retrace in oil price Thursday, but that's still well above predicted prices that bp have based there calculations on for debt repayments
I managed to buy back in at 291 yesterday, after selling at 308 the week before. 950 shares up for my trouble. I'm now effectively all in. I could t risk being out incase a rise on today's news and opec+ Thursday. If it does retrace it won't last and if it goes up, you may miss the boat.
General market consensus seems to be in excess of 350 a share within the next 6 months. Imo dyor
Either slice or turn the screen off and wait 6 months couple of dividends and 3.5 sp+
Brent down 1.55% at 63.37 could be a buying opportunity tomorrow
Sold out 2/3s at 308, got my dividend due march as well. Hoping to get back in around 290ish I feel opec on 6th March might increase production to slightly lower oil prices to keep shale taps off. Might be an opportunity to rebuy then. Nothing goes up or down in a straight line. Good luck all
Not going back imo. End of all lockdowns June, every UK adult offered vaccine by August, other countries will do similar, back to reasonable demand soon with decreased production.
Its an oil company that is in the process of diversification, into other forms of renewable energy in anticipation of change customer demands. Would you really rather they were only interested in oil? No longevity in that imo