Bp Share Discussion Threads

[trulyscrumptious] 12/11/2018 13:54

I see Costax is spamming quite a few boards with his post 90132.

[ariane] 12/11/2018 10:29

Holly Ellyatt
@HollyEllyatt






Key Points

President Donald Trump is one factor among many impacting oil markets right now, according to Bob Dudley, the chief executive of oil giant BP.
“He’s (Trump is) keeping people guessing on many, many fronts and it also impacts the oil markets,” Dudley told CNBC on Monday.
“It’s more than that (the Trump administration). There’s uncertainty in the supply from Venezuela, there’s still disruptions in Libya, for example, there’s a lot of uncertainty out there,” Dudley added.

Premium: Bob Dudley, CEO, BP 150602
Robert ‘Bob’ Dudley, chief executive officer of BP Plc.
Christophe Morin | Bloomberg | Getty Images

President Donald Trump is one factor among many impacting oil markets right now, according to Bob Dudley, the chief executive of oil giant BP.

“He’s (Trump is) keeping people guessing on many, many fronts and it also impacts the oil markets,” Dudley told CNBC’s “Squawk Box Europe,” but he added that the U.S. president was not the only factor affecting prices.

“It’s more than that (the Trump administration). There’s uncertainty in the supply from Venezuela, there’s still disruptions in Libya, for example, there’s a lot of uncertainty out there,” Dudley said.

Dudley’s comments at the ADIPEC energy conference in Abu Dhabi come at a pivotal moment for oil markets with Saudi Arabia performing an about-turn this weekend by announcing a 500,000 barrel per day production cut in December. The surprise move comes after it had ramped up production this summer along with other major producers Russia and the U.S. due to concerns over a decline in supply once sanctions on Iran came into effect in November.

The measure, taken by the defacto leader of OPEC, is seen as a way to halt a 20 percent slump in prices seen since early October on the back of the surge in production.

Saudi Arabia’s oil minister said Sunday that markets were well supplied and that price rises over the summer due to a feared Iranian shortfall had been an overreaction.

Meanwhile, Dudley said OPEC’s ministerial committee was not getting anything “wrong” in changing course, it was just recognizing that circumstances surrounding Iranian sanctions had changed, with the U.S. granting exemptions to eight countries that purchase Iranian oil. This had meant the impact of sanctions was not as bad as it could have been and so upping production was not as necessary.

“They (Saudi Arabia) were worried about (the) under supplying of the market and triple-digit oil prices. Now they’re saying, actually, it (upping production) might be a little bit too much right now because of the exemptions,” Dudley added.

Dudley said Trump’s decision to grant waivers to the sanctions was not unsurprising, saying “I don’t think he wanted to see $100 (a barrel) oil.”

[penycae] 12/11/2018 09:21

Morning all.

Just sold into the rise. Flat here. Off to walk the dog.

Trade well and prosper........

[waldron] 12/11/2018 07:31

4INTEREST PERHAPS

[karateboy] 11/11/2018 20:13

ADFN Share price showing 554p . Is that right ?

[ianood] 11/11/2018 19:48

PUGUGLY, ah I see, apologies due to LeopoldAlcox. In my defence I have Costax1654x filtered as a rampof juniors some time back.

[pugugly] 11/11/2018 10:34

ianood. I think he was refering to the RRE directors - Having looked at it the RRE website is (imo) not inspiring graphically.

[ianood] 11/11/2018 07:51

LeopoldAlcox new member 7/11/18 - exactly what are you trying to say? To me the board is of high quality, most are long term BP with strong specialist careers. Maybe you have an ulterior motive?

[sarkasm] 11/11/2018 07:49

SCROLL DOWN FOR COMPARISONS

[sarkasm] 11/11/2018 07:44

SCROLL DOWN FOR COMPARISONS

[leopoldalcox] 11/11/2018 00:22

Check out where the directors have previously worked. Not pretty pictures

[costax1654x] 10/11/2018 23:22

With a PE ratio of approximately 1.3, cash in the bank and 0 debt, if anyone can think of better value oily than RockRose Energy I'd be very interested to know!Producing 11000 barrels per day(soon 17000),87 mil mcap/60 mil cash in bank!Paying dividends as well!

[costax1654x] 10/11/2018 23:21

With a PE ratio of approximately 1.3, cash in the bank and 0 debt, if anyone can think of better value oily than RockRose Energy I'd be very interested to know!Producing 11000 barrels per day(soon 17000),87 mil mcap/60 mil cash in bank!Paying dividends as well!

[optomistic] 10/11/2018 14:08

Skinny took some time to get back here, long telephone conversations and out for the flu jab.
I am heavy in BP and Lloy and CNA so no serious money to buy any more atm but barring any misfortunes like the last one I can only see a one way direction for BP from here (famous last words lol)
Even Penycae's 'monkey' is positive although its timing is a bit out this time :-/

[skinny] 10/11/2018 11:00

Morning Optomistic - like most on here, I've held these in one shape of form for years, but I'm now thinking of increasing my total holding - rather than just trading a percentage.

[optomistic] 10/11/2018 10:28

Morning Skinny...all building strength into the future of BP :-)

[skinny] 10/11/2018 10:03

Lets not forget this eye on the future :-



and this

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[optomistic] 10/11/2018 08:49

Good morning Bracke et al. Yesterday I took a day off from the misery of the market and went to Leeds for a change of scenery, very enjoyable day it was as well :-)
So true about the MACD Bracke, looking very much oversold, fundamentally oversold as well, even the CEO has said that the price of oil would be more comfortable in the 60/65 range and that is a level which BP wold be making a very good return and of course there are BP's other interests, refining, fracking, gas etc etc all doing well.
It has been a bad week for BP but I feel it will turn and make new highs, 800 was mentioned in one article which I think is a little optimistic in the short term but not out of the bounds of possibilities further out...and of course we still have the very good return with the dividends, which looking at the buy backs of the last two days must be well supported by current cash flow.

[waldron] 09/11/2018 17:32

Total
50.49 -1.83%


Engie
12.575 +2.44%

Orange
14.63 +0.00%

FTSE 100
7,105.34 -0.49%
Dow Jones
25,957.07 -0.89%
CAC 40
5,106.75 -0.48%

Brent Crude Oil NYMEX 69.89 -1.08%
Gasoline NYMEX 1.61 -2.12%
Natural Gas NYMEX 3.77 +6.41%



BP
523.9 -0.96%


Shell A
2,418 -0.23%


Shell B
2,462.5 -0.10%

[bracke] 09/11/2018 15:26

Good day optomistic

The share price has dropped close to my target but Brent Crude may take it further down so I am holding off for the time being.

The Brent Crude chart below shows the price at the lower parallel (lower black line. I want to see if it is going to drop further into the red PF or bounce. The MACD suggests it is oversold

BRENT CRUDE DAILY

[w1ndjammer] 09/11/2018 12:09

after holding these since 2016, thought i had dropped a clanger selling at 560p
only to see them head higher.

any thoughts on where the share price is heading

buy back in price ?

WJ.