Bp Share Discussion Threads

[ohojim] 11/1/2019 09:58

Tis just me gamblin shares optomistic. Nobody can pick tops and bottoms. I like the juicy bit in between, otherwise you end up with a mouthful of pith and pips and skin.

Obviously everything is smelling of roses this week, the power of Trump tweet. Let's see how it goes next week. I have a hefty core holding of BP shares which I won't be selling, so it's win win. Might go up to 50% retrace at 542ish but will meet some hefty resistance there.

"Fun a khazer-shventsl ken men keyn shtrayml nit makhn"

[skinny] 11/1/2019 09:30

Brent above $62.

[optomistic] 11/1/2019 09:22

“Mann Tracht, Un Gott Lacht”

yet we all have our hopes ohojim

[ohojim] 10/1/2019 18:21

free stock charts from uk.advfn.com

So this is what I have been trading, we've had the 38% retrace from the lows. I expect it to at least go down to the downtrend line at 510ish, probably start buying there.

[waldron] 10/1/2019 17:23

Total
47.6 -0.48%


Engie
13.465 +1.74%

Orange
13.57 -1.17%

FTSE 100
6,942.87 +0.52%
Dow Jones
23,920.26 +0.17%
CAC 40
4,805.66 -0.16%


Brent Crude Oil NYMEX 61.32 -0.20%
Gasoline NYMEX 1.43 +0.20%
Natural Gas NYMEX 3.03 +1.54%


WTI - 10/01 18:02:42
52.3 USD +0.33%


BP
527 +0.78%



Shell A
2,392 +0.69%


Shell B
2,418.5 +0.98%

[ohojim] 10/1/2019 16:25

Sold out finally at 526.7. So thats a nice 22p dividend per share. Will be straight back in once the pending brexitaceous slump has cleared.

[the grumpy old men] 10/1/2019 14:26

BP discovers another giant gas field in the Caspian
By Anna Shiryaevskaya and Kelly Gilblom on 1/10/2019

LONDON (Bloomberg) -- BP and its partners just spent $28 billion bringing a giant natural gas project in Azerbaijan online, and that may only be the start.

The British oil major intends to drill six new exploration wells in the country by 2020, according to Gary Jones, BP’s regional president for Azerbaijan, Georgia and Turkey. If his expectations are met, the company could find a new gas play that’s about the same size as Shah Deniz, its project that produces the fuel from a field in the Caspian Sea that’s as large as Manhattan.

“Alongside Brazil, Azerbaijan stands out in terms of the areas of focus for the next few years,” Jones said in a phone interview. “It’s a very significant exploration program for us, which demonstrates the confidence and the role that we see in the Caspian.”

Companies, including BP, are pouring more money into Eurasia, a region with massive, untapped gas reservoirs that are practically next door to fuel-hungry European buyers. In June, BP and partners including Lukoil and Petronas, started sending gas from the second phase of Shah Deniz through a new link between the Caspian Sea and Turkey. From 2020, the fuel will also flow to Greece, Bulgaria and Italy when the final leg of the pipeline system is completed.

If BP finds more gas in nearby exploration wells, it could use the same pipelines to transport that fuel to Europe.

“That’s why we’ve got quite an ambitious exploration program developing in the Caspian looking at some other very significant gas options,” Jones said. We could “take this source of supply of gas well into the middle of the century.”

Dependence on Russia

Caspian gas arriving in Southeast Europe will help reduce the region’s heavy dependency on the fuel being piped from Russia. It will offer an alternative source of supply, along with the increasing role of liquefied natural gas from suppliers such as the U.S. and Qatar. The two phases of Shah Deniz will produce about 26 Bcmg/year, more than the annual consumption of Poland.

BP is targeting the Shafag-Asiman area, which could be a similar size to Shah Deniz 2, with drilling scheduled later this year, as well as a prospect below the existing Shah Deniz development, where it will drill in 2020, Jones said. It will also look at oil development in two other areas.

Jones said capital spending decisions haven’t yet been affected by a decline in oil prices late in the year, though it renewed BP’s focus on finding out whether there are more big fields in Azerbaijan.

“Our assumption is that the oil price will stay low for a long time, everything we are doing is focused on bringing the cost structure in the Caspian down,” he said. “We have had a lot of success on that working very closely with our partners and the government."

[the grumpy old men] 10/1/2019 14:05

10/01/2019 | 11:49
Barclays Capital (BarCap) reaffirms its recommendation to 'overweight' and adjusts its price target from 66 to 65 euros on Total, in a sectoral note on major European oil and gas companies.

'The 38% drop in the price of Brent in 12 weeks reflects the impact of a remarkable combination of economic and political factors in a market that has largely rebalanced', notes the broker, which reduces its assumption to 60 dollars on barrel for 2019.

BarCap now expects annual budgets to be close to the low end of the target ranges, but this still means that he still has enough financial capacity to start or continue share buybacks by some industry groups.

[adrian j boris] 10/1/2019 11:09

Dividend event - 4Q 2018 Date
4Q 18 results and US dollar cash dividend announcement date 05-Feb-19
Ex-dividend date 14-Feb-19
Record date for 4Q 18 interim dividend 15-Feb-19
Scrip Reference share price announcement date 21-Feb-19
Election date: latest date for receipt of Scrip Dividend Mandate Forms/Elections for Ordinary shares 11-Mar-19, 5pm GMT
Election date: latest date for receipt of Scrip Dividend Mandate Forms/Elections for ADSs 11-Mar-19, 5pm EST
Sterling cash dividend per ordinary share announcement date 18-Mar-19
Dividend payment date and first date of dealings in the new shares 29-Mar-19

[gbh2] 10/1/2019 10:55

Picked a few up this morning, the divi looks too good to ignore :)

[ps0u3165] 10/1/2019 07:14

BP Unlocks One Billion Barrels In Gulf Of Mexico With New Tech

[philanderer] 09/1/2019 18:11

WB , yes I agree. I've been buying small lots of BP every monday for the last two months :-)

[waldron] 09/1/2019 17:02

Total
47.83 +1.33%


Engie
13.235 +0.57%

Orange
13.73 -0.36%


FTSE 100
6,906.63 +0.66%
Dow Jones
23,897.96 +0.46%
CAC 40
4,813.58 +0.84%


Brent Crude Oil NYMEX 61.26 +4.33%
Gasoline NYMEX 1.42 +4.48%
Natural Gas NYMEX 3.00 +1.18%

WTI - 09/01 17:40:43
52.12 USD +4.37%



BP
522.9 +0.60%


Shell A
2,375.5 +0.70%



Shell B
2,395 +0.31%

[sarkasm] 09/1/2019 11:19

BP’s oil output from its Thunder Horse region will now double compared to output five years ago. The new technology utilized by BP meant it was able to analyze data from its Thunder Horse oil field in weeks instead of a year.

Bernard Looney, BP’s chief executive for production and exploration, said:

We are building on our world-class position, upgrading the resources at our fields through technology, productivity and exploration success.

BP also plans to spend $1.3 billion to develop its Atlantis field near New Orleans where it found a further 400 million barrels of oil. The giant is also reporting further new discoveries at its Manuel prospect, a site where Shell holds a 50% stake.
Time to Buy BP Stock? Analysts Say Yes

BP’s share price has risen steadily since the end of December and has fluctuated throughout today.
BP Share Price for the Last Six Months Source: TradingView

Analysts are increasingly positive on the British company. On Monday Goldman Sachs Group reissued a “buy” rating for BP stock. UBS Group reinstated its “buy” rating for the stock, and Raymond James upgraded to an “outperform221; rating on Tuesday.

Deutsche Bank reduced its price target but also set a “buy” rating. The consensus from analysts currently sits at 18 out of 32 providing a “buy” rating with just one expecting the stock to underperform.

Zacks Equity Research yesterday said that BP could beat its earnings estimates again. The company has set a recent trend of exceeding expectations. In the last two quarterly reports, it beat estimates by an average of over 16%.

[wbecki] 09/1/2019 11:15

@Phil,

Bp or Shell decent oil picks for sure.
Exxon too large, production slipping
Chevron also a decent option, as production rising, capex fallign as Gordon/Wheatstone investments completed but divi significantly lower than British pair.

Conoco a geared play.

Discloure:"Long Shell" - looking to nibble BP if get opportunity at my target price.

[philanderer] 09/1/2019 00:40

Analysts are increasingly positive on the British company. On Monday Goldman Sachs Group reissued a “buy” rating for BP stock. UBS Group reinstated its “buy” rating for the stock, and Raymond James upgraded to an “outperform” rating on Tuesday.

Deutsche Bank reduced its price target but also set a “buy” rating. The consensus from analysts currently sits at 18 out of 32 providing a “buy” rating with just one expecting the stock to underperform.

Zacks Equity Research yesterday said that BP could beat its earnings estimates again. The company has set a recent trend of exceeding expectations. In the last two quarterly reports, it beat estimates by an average of over 16%.

[letsmakesome] 08/1/2019 21:56

BP just discovered a billion barrels of oil in the Gulf of Mexicohttps://www.google.co.uk/amp/s/www.cnbc.com/amp/2019/01/08/bp-just-discovered-a-billion-barrels-of-oil-in-gulf-of-mexico.html

[john3v16] 08/1/2019 17:52

Odd how BP and Shell are both in the process of divesting themselves of upstream operations in Europe.

[waldron] 08/1/2019 17:22

Total
47.2 -0.21%


Engie
13.16 +1.08%

Orange
13.78 -2.96%


FTSE 100
6,861.6 +0.74%
Dow Jones
23,655.35 +0.53%
CAC 40
4,773.27 +1.15%


Brent Crude Oil NYMEX 58.82 +2.60%
Gasoline NYMEX 1.37 +2.28%
Natural Gas NYMEX 3.00 +1.97%


WTI - 08/01 18:02:32
49.87 USD +2.38%


BP
519.8 -0.19%


Shell A
2,359 -0.38%


Shell B
2,387.5 -0.06%

[waldron] 08/1/2019 15:26

BP PLC (BP) said Tuesday it plans a major expansion at the Atlantis field in the U.S. Gulf of Mexico.

The $1.3 billion Atlantis Phase 3 development will include a new subsea production system from eight new wells that will be tied into the current platform, 150 miles south of New Orleans. The project, scheduled to come onstream in 2020, is expected to boost production at the platform by an estimated 38,000 barrels of oil equivalent a day gross at its peak, BP said.

BP said a recent breakthrough in seismic imaging has identified 1 billion barrels of additional oil in place at Thunder Horse field. In addition, new discoveries near the BP-operated Na Kika platform provide additional development opportunities, the company said.



Write to Michael Dabaie at [e-mail]



(END) Dow Jones Newswires

January 08, 2019 10:01 ET (15:01 GMT)