BP PLC DL-_25
Commented by Mario Hose on April 17th, 2020 | 10:50 CEST
BP, Enthusiast Gaming, TUI - why these shares are interesting now
The stock exchanges are currently in an interesting market phase. After the price slumps since February 2020, as a result of the spread of the Corona Pandemic, most indices have been able to make significant gains again and are now fluctuating in the middle between the time before COVID-19 and the days when the panic was at its highest. This is no coincidence, as central banks and politicians are all pulling together to provide support, and in some European countries a ban on short selling has even been imposed. In other words, without official market intervention, the recovery would probably have been less rapid.
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Commented by Mario Hose on March 26th, 2020 | 06:29 CET
BP, Royal Dutch Shell, Saturn Oil & Gas - now positioning for the oil rally
Russia and Saudi Arabia are in the middle of an oil war. This was preceded by negotiations on a joint reduction in production volumes in order to ensure price stability in connection with the Corona Crisis and the accompanying decline in demand. Russia has belonged to OPEC+ for three years in an extended circle. This has now come to an end, as no consensus decision has been reached. Saudi Arabia reacted with disgruntlement and has announced that it will increase its production volume. The oil price level now reached of less than USD 25 per barrel for WTI not only makes the US energy economy unprofitable, but also endangers the energy independence of the largest oil consumer. There is therefore enormous pressure to act.
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