Bp Share Discussion Threads

[optomistic] 19/4/2018 15:40

Not looking too bad at the moment :-)

[grupo guitarlumber] 19/4/2018 11:23

BP PLC (BP.LN) said Thursday that it has sanctioned the Satellite cluster project in Block KGD6, offshore India, with Reliance Industries Ltd. (500325.BY).

The oil-and-gas company said the Satellite cluster is the second of three projects on Block KGD6, which is 30% owned by BP.

The first of the three projects was sanctioned in 2017, according to BP, which said that combined, the projects will develop a total of about 3 trillion cubic feet of gas reserves, with a total investment of $6 billion.



Write to Oliver Griffin at [e-mail]



(END) Dow Jones Newswires

April 19, 2018 04:47 ET (08:47 GMT)

[waldron] 19/4/2018 09:14

Total
49.98 +0.56%



Engie
14.01 +0.07%

Orange
14.525 -0.03%

BP
512 +0.47



Shell A
2,461 +0.57%



Shell B
2,504.5 +0.66%



FTSE 100
7,333.34 +0.22%
Dow Jones
24,748.07 -0.16%
CAC 40
5,392.08 +0.22%



Brent Crude Oil NYMEX 74.09 +0.39%
Gasoline NYMEX 2.09 +0.22%
Natural Gas NYMEX 2.74 -0.26%


SLOW DOWN,YOU MOVE TOO FAST

[ariane] 18/4/2018 07:47

BP Upgraded as Oil Spill Finally Resolved
While BP remains on the hook for $23 billion, to be paid over the next 17 years, shareholders now have clarity on the future
Allen Good
18 April, 2018 | 7:01AM


BP is finally getting over the oil spill scandal energy natural resources Gulf of Mexico

Morningstar equity analysts have upgraded their fair value estimate for BP (BP.) to £5 from £4.75 after positive full-year 2017 results and higher short-term oil and gas price forecasts.

The settlement reached with the U.S. federal government and Gulf states in 2016 was a major step for BP in putting the 2010 Deepwater Horizon accident behind it. While BP remains on the hook for $23 billion, to be paid over the next 17 years, the recognition of a reliable estimate for all remaining liabilities removes a key element of uncertainty for the company.

With outlays of about $3 billion due in 2018, $2 billion in 2019, and about $1 billion per year thereafter, BP should be able to meet its liabilities with proceeds from targeted asset sales of $2 billion-$3 billion per year, which we view as a rather low hurdle.

With that issue largely settled, BP is now turning its focus to positioning the company to compete in a world of lower oil prices. Its first step is to improve its cost structure and reduce its capital outlays so that it can cover its dividend at $50 per barrel of oil in 2018. Beyond then, we expect break-even levels to continue trending downward to below $50 by 2021.

BP has already realised cost reductions of $7 billion, or 20%, from 2014 levels, primarily in the upstream segment, where it reduced the workforce by a third. With the firm already one of the lower-cost producers of its peer group, the cost reductions will improve margins further.

Meanwhile, capital spending will fall to $15 billion-$17 billion on average from 2018, a sharp reduction from the peak in 2013 of nearly $25 billion. At this level, BP will continue to invest the least among the peer group for its level of production. However, it will continue to grow through a mix of projects already under construction or nearing completion and those that have qualified for a final investment decision due to cost reduction.

In total, BP plans to add 800 thousand barrels of oil equivalent of new gross production capacity by 2020, 85% of which is at least under construction. With these new volumes sporting margins 35% higher than the existing portfolio, BP’s upstream margin should improve further over time.

[waldron] 17/4/2018 15:44

Broker Forecast - Morgan Stanley issues a broker note on BP PLC
By BFN News | 01:00 PM | Tuesday 17 April, 2018

Factsheet BP PLC USD0.25 (BP.)


Morgan Stanley today reaffirms its equal weight investment rating on BP PLC (LON:BP.) and cut its price target to 505p (from 550p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

[waldron] 17/4/2018 13:39

Broker Forecast - HSBC issues a broker note on BP PLC
By StockMarketWire | Tue, 17th April 2018 - 11:20

HSBC today reaffirms its buy investment rating on BP PLC (LON:BP.) and raised its price target to 590p (from 570p).

Broker Forecasts data provided by www.sharesmagazine.co.uk

[steve73] 17/4/2018 07:41

Has BP completed it's buy-backs... or is it just holding off whilst at these higher prices?

[hellscream] 16/4/2018 16:04

what a sad Fixation on this £5... this is austerity and nothing else.

why would the likes of COP surge like 20% in the last month, what are they doing whats so special?

[toon1966] 16/4/2018 07:50

"Arguably BP have recognised that as they seek to diversifying their focus entirely on oil......" really? 'Entirely' on oil?

[leas1] 15/4/2018 13:41

I think China have had to move away from hydrocarbons. Their manufacturing centres are based around the cities that are poisoning the residents. I believe they have forced some of the worse offenders of poor emissions to close or find greener methods of energy use.
Arguably BP have recognised that as they seek to diversifying their focus entirely on oil and take advantage of the renewable demand.
Chinese are also quick to take advantage of new technology and will take advantage of improved efficiency of energy storage which is desperately needed. Last weeks update with Tesla is interesting and clearly shows BP's intention in that field.

[florenceorbis] 13/4/2018 13:12

Broker Forecast - Kepler Cheuvreux issues a broker note on BP PLC
By BFN News | 12:00 PM | Friday 13 April, 2018

Factsheet BP PLC USD0.25 (BP.)


Kepler Cheuvreux today reaffirms its hold investment rating on BP PLC (LON:BP.) and cut its price target to 530p (from 535p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

[cliveb] 12/4/2018 17:44

The other problem is BPs investment in Russia, it seems we are dammed if we do and dammed if we dont, sell that is

[bracke] 12/4/2018 13:15

Good day optomistic

The oil price has been rising in reaction to the Syria situation. If the situation becomes more serious the share price is likely to react accordingly but if it proves to be not a great deal the oil price is likely to drop.

[optomistic] 11/4/2018 14:47

ADR's opened strong, won't do 'our price' any harm :-)

edit. correction...shouldn't do 'our price' any harm :-/

[optomistic] 11/4/2018 14:26

Good afternoon Bracke, thanks for a nice chart for a change...and I note the MACD and ROC indicators both looking positive.

[bracke] 11/4/2018 12:49

Good day optomistic

A nice looking chart for a change.

All being well it should reach the middle blue line before any resistance.

BP DAILY

[the grumpy old men] 10/4/2018 17:02

BP unit agrees to buy and install Tesla battery for U.S. wind farm
By Claudia Assis

Published: Apr 10, 2018 11:09 a.m. ET






A BP Plc. BP, +2.94% subsidiary has signed an agreement to buy and install a Tesla Inc. TSLA, +5.11% high-storage battery for its wind farm in South Dakota, the first of its kind for the U.S. wind business of the integrated oil and gas company, the company said Tuesday. The Tesla battery will be used to store electricity and meet demands when the wind is not blowing, the company said. No financial terms were disclosed. The battery-storage project is expected to launch in the second half of the year. BP operates 13 wind farms in the U.S., and its wind farms have a gross generating capacity of 2,259 megawatts, or enough electricity to power all homes in a city the size of Philadelphia, the company said. American Depositary Receipts of BP rose 2.5% in midday trading Tuesday, while Tesla shares gained 4%.

[optomistic] 10/4/2018 16:12

Looking good :-)
Back to hot meals at Penycae Towers?
Hope you are OK Penycae, not heard much from you lately.

[optomistic] 10/4/2018 14:06

Been out all morning and come back to find...we broke the 500 resistance...but now, will it hold above that magic line!