BP Earnings call fundamentals
Bought 35.5 calls feb 20 @ 0.45 avrg price just before close monday 3rd.
Calls currently @ 2.20 (06/02/20 00:42 GMT)
thoughts that lead me to call BP would be up on earnings -
1. Higher production correctively offset negative effects of lower commodity and energy price structures.
2.Final purchase instalments of BHP (LON) circa April, likely asset flow from said deal is starting to take full effect on their books; consequently, boosting overall output even further.
3. Most interesting point (at least to me) and one of the main fundamental drivers, ROSN (LON) trading volume spiked from 261m value traded December to over422m in Jan, which consequently is the largest in over 10 months. BP owns 20%, so for me this was a major indicator; suspect even higher cumulative output to again offset the falling prices in the quarter.
Didn’t post on TV at the time but for proof I called Monday reference reedit post under KykoKata.
> next target area around 40, second 45.
Calls currently @ 2.20 (06/02/20 00:42 GMT)
thoughts that lead me to call BP would be up on earnings -
1. Higher production correctively offset negative effects of lower commodity and energy price structures.
2.Final purchase instalments of BHP (LON) circa April, likely asset flow from said deal is starting to take full effect on their books; consequently, boosting overall output even further.
3. Most interesting point (at least to me) and one of the main fundamental drivers, ROSN (LON) trading volume spiked from 261m value traded December to over422m in Jan, which consequently is the largest in over 10 months. BP owns 20%, so for me this was a major indicator; suspect even higher cumulative output to again offset the falling prices in the quarter.
Didn’t post on TV at the time but for proof I called Monday reference reedit post under KykoKata.
> next target area around 40, second 45.
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