Bp Share Discussion Threads

[hellscream] 14/9/2018 04:29

whats comming out of carney mouth shows you whats wrong with this country.
Why is this country afraid of the free market?
this explains why the stockmarket hasent gone up for 20 years, our whole economy has bottleneck'd because of an obbsession with house prices.

[skinny] 13/9/2018 10:24

12 Sep 18 HSBC Buy 552.75 675.00 690.00 Reiterates

[optomistic] 11/9/2018 21:28

Picked up with Brent going over $79?

[garycook] 11/9/2018 11:59

opto,£/$

[optomistic] 11/9/2018 10:04

Nice of Barclays Garycook yet with Brent nudging $80 this morning and we are still slipping. Bp is taking more understanding than usual right now.

[garycook] 11/9/2018 07:48

11 Sep BP PLC Barclays Capital Overweight 545.00 705.00

[hellscream] 11/9/2018 05:10

labour wants to force companies to give staff free shares (so that means dilute us).
can someone tell me whats this country's problem with shareholders?

[hellscream] 10/9/2018 15:47

so when oil drops it wont have any effect on the sp?

[waldron] 07/9/2018 17:42

Total
51.99 -0.08%


Engie
12.255 -0.20%

Orange
13.625 +0.93%


FTSE 100
7,277.7 -0.56%
Dow Jones
25,949.86 -0.18%
CAC 40
5,252.22 +0.16%


Brent Crude Oil NYMEX 76.19 -0.50%
Gasoline NYMEX 1.95 -0.52%
Natural Gas NYMEX 2.77 -0.25%



BP
536.9 -0.79%



Shell A
2,443.5 -0.77%


Shell B
2,479 -0.86%

[waldron] 06/9/2018 17:43

6 September 2018

BP p.l.c.

Transaction in Own Shares

BP p.l.c. (the "Company") announces that it has purchased, in accordance with the authority granted by shareholders at the 2018 Annual General Meeting of the Company, the following number of its ordinary shares of $0.25 each ("Shares") on Exchange (as defined in the Rules of the London Stock Exchange) as part of the buyback programme announced on 15 November 2017 (the "Programme"):


Date of purchase: 06 September 2018
Number of Shares purchased: 2,122,400
Highest price paid per Share (pence): 550.9000
Lowest price paid per Share (pence): 540.7000
Volume weighted average price paid per
Share (pence): 546.5329


The Company intends to cancel these Shares.

The schedule below contains detailed information about the purchases made by Barclays Capital Securities Limited (intermediary code: BARCGBN1) on the Date of purchase as part of the Programme.

For further information, please contact:

BP p.l.c.

Craig Marshall

[phone]

Schedule of Purchases

Shares purchased: BP p.l.c. (ISIN CODE: GB0007980591)

Aggregate information:


Venue Volume-weighted Aggregated volume
average price (pence)
London Stock Exchange 546.5329 2,122,400
----------------------- ------------------


Individual transactions:

To view details of the individual transactions, please paste the following URL into the address bar of your browser.



This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

POSUNUNRWRAKRAR

(END) Dow Jones Newswires

September 06, 2018 12:24 ET (16:24 GMT)

[waldron] 06/9/2018 17:41

Total
52.03 -0.95%


Engie
12.28 -0.53%

Orange
13.5 -1.03%

FTSE 100
7,318.96 -0.87%
Dow Jones
25,961.16 -0.05%
CAC 40
5,243.84 -0.31%

SBF 120
4,215.72 -0.27%
EuroStoxx 50
3,295.95 -0.61%
DAX Index
11,955.25 -0.71%


Brent Crude Oil NYMEX 75.96 -1.53%
Gasoline NYMEX 1.93 -1.39%
Natural Gas NYMEX 2.78 -0.64%



BP
541.2 -0.93%


Shell A
2,462.5 -1.78%


Shell B
2,500.5 -1.77%

[hellscream] 06/9/2018 16:14

the sooner that ponzi housing market crashes, the better for us, its just sucking investments from everywhere.

[sarkasm] 05/9/2018 19:11

BP Stock Upgraded: What You Need to Know
Morgan Stanley argues investors should look past the past, and focus on the future.
Rich Smith
Rich Smith
(TMFDitty)
Sep 5, 2018 at 1:07PM

Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...

At nearly $142 billion in market capitalization, with more than $38 billion in net debt on its balance sheet, oil major BP (NYSE:BP) carries an enterprise value of $180 billion. Valued on its $7 billion in trailing GAAP net income, the stock costs 25.5 times earnings. Valued on its much weaker free cash flow -- $6.25 billion over the past 12 months -- it sells for nearly 29 times FCF.

Say what you want about BP, but one thing this oil company is not is a cheap stock.

And yet, this morning, investment banker Morgan Stanley made the argument that if all goes as planned, BP could become an attractive investment in relatively short order. Is it right about that?

Let's find out.
Oil derricks against a sunrise

Image source: Getty Images.
A lesson in cash flow

BP arguably hit its high-water mark for profitability 10 years ago, in 2008, when its mammoth oil business generated more than $38 billion in cash from operations, and spent only $22.6 billion in capital investment to do it. That left BP with $15.4 billion in positive free cash flow -- a record BP hasn't matched again to this day.

To the contrary, the $6.25 billion in positive free cash flow that BP generated over the past 12 months is less than half the cash profit this company earned 10 years ago. And yet, BP's FCF number is already more than twice what it was for 2017 as a whole. It's firmly positive, which was not the case as recently as 2016, and it's growing.

And this, in a nutshell, is Morgan Stanley's argument in favor of upgrading BP to an overweight rating. In a note covered on StreetInsider.com (subscription required), the analyst argues that investors are failing to fully appreciate the strength of BP's free cash flow growth potential, or the attractiveness of the very high 5.8% dividend that this free cash flow permits BP to pay.
BP's story takes a turn

BP's free cash flow growth story, which appeals to Morgan Stanley despite BP's plans to invest between $13 billion to $14 billion in FCF-draining capital investment annually over the next few years, took a turn for the better this past summer. In July, BP announced a $10.5 billion deal to buy BHP Billiton's shale assets in the Permian Basin, Eagle Ford and Haynesville regions.

As my fellow Fool.com contributor and energy specialist Matthew DiLallo explained at the time, BP's purchase will give it access to nearly half a million acres of oil-producing shale, generating 190,000 barrels of oil equivalent per day -- immediately boosting both cash flow and profits once the deal closes next month. By 2021, BP expects to be generating positive free cash flow (again, that's cash from operations minus capital spending) of between $14 billion and $15 billion per year -- maybe more, if oil prices stay above $55 a barrel. (For context, Brent crude costs more than $77 a barrel right now.)
Valuing BP stock

Thus, Morgan Stanley's thesis in a nutshell is this: Although BP stock may look expensive right now, the company has significant potential to grow free cash flow massively -- on the order of 100% or more -- and in relatively short order, too.

Is Morgan Stanley right about that?

The valuation logic seems sound, so far as it goes. About $15 billion in annual free cash flow, weighed against $180 billion in enterprise value, would value BP stock at only 12 times FCF. The stock's 5.8% dividend yield probably justifies about half that multiple and, as Matthew notes, BP would be growing production at 5% annually. Even at stable profit margins, that would appear to pay for the rest of the multiple.

Granted, we won't know for certain whether BP can generate the $14 billion to $15 billion in free cash flow that it's promising for three more years, which adds some measure of risk to the investment thesis. It's also worth remembering that -- as noted above -- BP has not generated anywhere near $15 billion in positive free cash flow in nearly a decade. For that matter, it's only generated $14 billion-plus in FCF twice in its history.

Predicting consistent, $14 billion-plus free cash flow for BP from 2021 on therefore is something of a stretch. Then again, if all BP needs is $55 oil to accomplish this, and if oil is selling for north of $77 a barrel today, it's possible BP stock could be cheaper than even Morgan Stanley thinks it is.

At the very least, this is a situation that bears watching, and if BP's FCF number keeps going up, Morgan Stanley's move could prove prescient.

[sarkasm] 05/9/2018 19:11

BP Stock Upgraded: What You Need to Know
Morgan Stanley argues investors should look past the past, and focus on the future.
Rich Smith
Rich Smith
(TMFDitty)
Sep 5, 2018 at 1:07PM

Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...

At nearly $142 billion in market capitalization, with more than $38 billion in net debt on its balance sheet, oil major BP (NYSE:BP) carries an enterprise value of $180 billion. Valued on its $7 billion in trailing GAAP net income, the stock costs 25.5 times earnings. Valued on its much weaker free cash flow -- $6.25 billion over the past 12 months -- it sells for nearly 29 times FCF.

Say what you want about BP, but one thing this oil company is not is a cheap stock.

And yet, this morning, investment banker Morgan Stanley made the argument that if all goes as planned, BP could become an attractive investment in relatively short order. Is it right about that?

Let's find out.
Oil derricks against a sunrise

Image source: Getty Images.
A lesson in cash flow

BP arguably hit its high-water mark for profitability 10 years ago, in 2008, when its mammoth oil business generated more than $38 billion in cash from operations, and spent only $22.6 billion in capital investment to do it. That left BP with $15.4 billion in positive free cash flow -- a record BP hasn't matched again to this day.

To the contrary, the $6.25 billion in positive free cash flow that BP generated over the past 12 months is less than half the cash profit this company earned 10 years ago. And yet, BP's FCF number is already more than twice what it was for 2017 as a whole. It's firmly positive, which was not the case as recently as 2016, and it's growing.

And this, in a nutshell, is Morgan Stanley's argument in favor of upgrading BP to an overweight rating. In a note covered on StreetInsider.com (subscription required), the analyst argues that investors are failing to fully appreciate the strength of BP's free cash flow growth potential, or the attractiveness of the very high 5.8% dividend that this free cash flow permits BP to pay.
BP's story takes a turn

BP's free cash flow growth story, which appeals to Morgan Stanley despite BP's plans to invest between $13 billion to $14 billion in FCF-draining capital investment annually over the next few years, took a turn for the better this past summer. In July, BP announced a $10.5 billion deal to buy BHP Billiton's shale assets in the Permian Basin, Eagle Ford and Haynesville regions.

As my fellow Fool.com contributor and energy specialist Matthew DiLallo explained at the time, BP's purchase will give it access to nearly half a million acres of oil-producing shale, generating 190,000 barrels of oil equivalent per day -- immediately boosting both cash flow and profits once the deal closes next month. By 2021, BP expects to be generating positive free cash flow (again, that's cash from operations minus capital spending) of between $14 billion and $15 billion per year -- maybe more, if oil prices stay above $55 a barrel. (For context, Brent crude costs more than $77 a barrel right now.)
Valuing BP stock

Thus, Morgan Stanley's thesis in a nutshell is this: Although BP stock may look expensive right now, the company has significant potential to grow free cash flow massively -- on the order of 100% or more -- and in relatively short order, too.

Is Morgan Stanley right about that?

The valuation logic seems sound, so far as it goes. About $15 billion in annual free cash flow, weighed against $180 billion in enterprise value, would value BP stock at only 12 times FCF. The stock's 5.8% dividend yield probably justifies about half that multiple and, as Matthew notes, BP would be growing production at 5% annually. Even at stable profit margins, that would appear to pay for the rest of the multiple.

Granted, we won't know for certain whether BP can generate the $14 billion to $15 billion in free cash flow that it's promising for three more years, which adds some measure of risk to the investment thesis. It's also worth remembering that -- as noted above -- BP has not generated anywhere near $15 billion in positive free cash flow in nearly a decade. For that matter, it's only generated $14 billion-plus in FCF twice in its history.

Predicting consistent, $14 billion-plus free cash flow for BP from 2021 on therefore is something of a stretch. Then again, if all BP needs is $55 oil to accomplish this, and if oil is selling for north of $77 a barrel today, it's possible BP stock could be cheaper than even Morgan Stanley thinks it is.

At the very least, this is a situation that bears watching, and if BP's FCF number keeps going up, Morgan Stanley's move could prove prescient.

[waldron] 05/9/2018 17:18

Total
52.53 -2.05%


Engie
12.345 -1.95%

Orange
13.64 -1.45%

FTSE 100
7,383.28 -1.00%
Dow Jones
25,925.82 -0.10%
CAC 40
5,260.22 -1.54%


Brent Crude Oil NYMEX 77.40 -0.54%
Gasoline NYMEX 1.96 -1.21%
Natural Gas NYMEX 2.82 +0.28%



BP
546.3 -1.19%


Shell A
2,507 -1.14%



Shell B
2,545.5 -1.30%

[sarkasm] 04/9/2018 21:27

04 September 2018

BP p.l.c.

Transaction in Own Shares

BP p.l.c. (the "Company") announces that it has purchased, in accordance with the authority granted by shareholders at the 2018 Annual General Meeting of the Company, the following number of its ordinary shares of $0.25 each ("Shares") on Exchange (as defined in the Rules of the London Stock Exchange) as part of the buyback programme announced on 15 November 2017 (the "Programme"):


Date of purchase: 04 September 2018
Number of Shares purchased: 2,091,600
Highest price paid per Share (pence): 556.3000
Lowest price paid per Share (pence): 553.3000
Volume weighted average price paid per
Share (pence): 554.5207


The Company intends to cancel these Shares.

The schedule below contains detailed information about the purchases made by Barclays Capital Securities Limited (intermediary code: BARCGBN1) on the Date of purchase as part of the Programme.

For further information, please contact:

BP p.l.c.

Craig Marshall

[phone]

Schedule of Purchases

Shares purchased: BP p.l.c. (ISIN CODE: GB0007980591)

Aggregate information:


Venue Volume-weighted Aggregated volume
average price (pence)
London Stock Exchange 554.5207 2,091,600

[waldron] 04/9/2018 19:48

Total
53.63 -0.94%


Engie
12.59 -0.08%

Orange
13.84 -0.79%


FTSE 100
7,457.86 -0.62%
Dow Jones
25,940.11 -0.10%
CAC 40
5,342.7 -1.31%


Brent Crude Oil NYMEX 78.09 -0.10%
Gasoline NYMEX 1.99 -1.82%
Natural Gas NYMEX 2.82 -1.33%



BP
552.9 -0.14%


Shell A
2,536 -0.51%


Shell B
2,579 -0.62%

[garycook] 04/9/2018 12:16

BP PLC (BP.L)

Already an IG client? Log in to trade
SELL
570.3
BUY
555.3
1.5pts (0.27%)

High: 556.3

Low: 553.3
88% of client accounts are long on this market

[waldron] 03/9/2018 17:15

Total
54.14 +0.50%

Engie
12.6 -0.24%

Orange
13.95 +0.00%

FTSE 100
7,504.6 +0.97%
Dow Jones
25,964.82 -0.09%
CAC 40
5,413.8 +0.13%



Brent Crude Oil NYMEX 78.19 +0.59%
Gasoline NYMEX 2.03 +1.70%
Natural Gas NYMEX 2.85 -2.33%




BP
553.7 +1.17%



Shell A
2,549 +1.90%


Shell B
2,595 +2.15%

[waldron] 31/8/2018 17:12

Total
53.87 -1.43%


Engie
12.63 -2.73%

Orange
13.95 -0.78%


FTSE 100
7,432.42 -1.11%
Dow Jones
25,940.74 -0.18%
CAC 40
5,406.85 -1.30%

Brent Crude Oil NYMEX 77.83 +0.00%
Gasoline NYMEX 2.01 +0.04%
Natural Gas NYMEX 2.92 +1.21%



BP
547.3 -1.65%


Shell A
2,501.5 -1.79%


Shell B
2,540.5 -2.10%

[ps0u3165] 31/8/2018 08:03

Brazil’s oil regulator ANP has approved the applications of six companies—including Big Oil’s BP, Shell, and Total—to bid in next month’s oil auction of four blocks in the coveted pre-salt layer, ANP said on Wednesday.

Shell, BP, and Total, as well as China-owned CNODC, Germany’s DEA Deutsche Erdoel, and Qatar’s QPI, were the first six companies that the regulator approved to take part in the fifth bidding round under production sharing agreements (PSAs) on September 28.

[hellscream] 31/8/2018 05:37

Welcome to the uk, where the poor and lazy have weaponized children as baby shields.
next big recession/depression, I guess the government would be wanting our bank accounts.