Member Info for y11-shx

It’s impossible the only fuel for the future is dirty oil 550 this afternoon.

Looking at technical price patterns BP is going up. have a target of 427 so was going to sell at 425 but what sometimes happens is you get a gap up to loss all the day traders forcing them to buy back at a Higher price. Maybe we could see 435 before ex div date 7th Nov.

The amount of gas been produced on this chat it’s surprising BP hasn’t gone bankrupt.

This isn’t opinion it’s fact!

Oh no Claire did you sell?

I think this is a good hold now should see 425.

Buybacks 100 percent work in that they reduce the amount of shares when deleted. I think what people are asking is why the share price is not going up due to these buybacks. The answer is in order for the share price to rise there need to be more investors buying then selling. That means there are more shares been sold/investors reducing there positions in BP then the total of BP buybacks and investor increasing there positions. It’s that simple.

Yeah they should stop wind turbines if it slows the wind down by 1 meter a second. I wonder what sitting behind a car with the engine running does ? If only there was a study out there umm. At the moment wind is responsible for 38 percent of U.K. electricity. I will have to explain to the kid no more kite flying due to big wind! And no pocket money this week because there’s not enough war at the moment. Are people really this stupid seriously?

That’s a good question Charlie. Due to the buy backs there is 1/4 less shares now to there is a good chance on this cycle for the share price to smash the all time high and now interest rates are going down it will be cheaper then the dividend so No BP should continue to buy back with extra cash.

I think (know) oil prices are better at $65-$75 then $110

It will mean that everything in the economy will be working correctly which will also vastly benefit BP then a shock oil price bounce like the one seen a year ago. Wind at the moment is supplying nearly 40 percent of U.K. electricity with only 10,000 wind turbines. Could you imagine if the U.K. had 200,000

5.20 wind is at 60 percent.

On a serious level I think BP could get quite close to £10 a share on this cycle won’t happen overnight and certainly not in a straight line.

No I was away that day.

Price rising on a lower volume of trades. Umm now I wish I paid attention when studying economics at Cambridge.

Higher lows higher highs pattern has just occurred and I have managed to trade them both.

It's very early to say but this pattern is text book if you know what to look for.

The bottom could have been the other week. It hasn’t dropped to or below 383 this could be a technical reversal it breaks 422 over the next few weeks we could see massive up side.

I think BP will be 550 in a couple of days 100 percent guaranteed maybe £6

Oh yes back in this morning.

Https://oilprice.com/oil-price-charts/#WTI-Crude

Oil down 3 percent

4.10am wind is at 40 percent.