Bp Share Discussion Threads

[ariane] 15/1/2019 12:35

4 resources stocks with investing appeal? BP plc, Glencore PLC, Tullow Oil plc and Royal Dutch Shell Plc
Do these resources shares have bright futures? BP plc (LON:BP) (BP.L), Glencore PLC (LON:GLEN) (GLEN.L), Tullow Oil plc (LON:TLW) (TLW.L) and Royal Dutch Shell Plc (LON:RDSB) (RDSB.L)
January 15, 2019 Robert Stephens FTSE 100




Royal Dutch Shell Plc
Royal Dutch Shell Plc

The prospects for resources shares BP plc (LON:BP) (BP.L), Glencore PLC (LON:GLEN) (GLEN.L), Tullow Oil plc (LON:TLW) (TLW.L) and Royal Dutch Shell Plc (LON:RDSB) (RDSB.L) is the focus of this article. Could they deliver improving share price growth?

With the oil price having been volatile of late, BP has experienced a difficult period. This situation could continue in the near term in my opinion, with demand growth for oil potentially being weaker than expected due to fears surrounding the prospects for the world economy.

Since BP has invested heavily in its asset base and in acquiring the petroleum assets of BHP Group, I think that it could offer long-term growth. A dividend yield of around 6% suggests to me that the stock could offer good value for money.

Glencore’s shares have been volatile in recent months, with the prospect of a stronger dollar potentially weighing on investor sentiment. This trend could continue in 2019 in my view, since a couple of interest rate rises are expected.

However, with Glencore having a single-digit P/E ratio and an improved business model in my eyes after reducing costs and debt levels, I’m optimistic about its recovery prospects in future years.

Tullow Oil’s strategy of increasing production and reducing debt could pay off in the medium term. it may create a more profitable and less risky business that is able to deliver improved share price performance.

In the near term, its shares could be volatile and risky due in part to the uncertainty surrounding the oil price. But for a long-term investor like me, I believe that Tullow Oil could offer recovery potential given favourable operating conditions.

Shell’s strategy of reducing debt and disposing of non-core assets could create a stronger business in the long term in my view. It may allow the company to focus on areas where it feels it has the greatest competitive advantage and most favourable risk to reward ratio.

Since Shell has a dividend yield of around 6%, I believe that its shares could offer a margin of safety. Although its financial performance is highly dependent upon the price of oil, I think that it could outperform the FTSE 100 over the long term.




About Robert Stephens 5344 Articles
Robert Stephens is a CFA Charterholder and an Equity Analyst by trade. He is a passionate private investor who has been buying and selling shares for many years, owning a wide range of UK shares in the process. He has written for Citywire and The Motley Fool US and now runs his own business. To contact Robert, please email [e-mail] or use one of the other contact methods available on the 'Contact Us' page

[abbotslynn] 15/1/2019 10:02

Aug. 9, 2018

BP 'on the cusp' - Will materialize in 2019

of delivering among best oil and gas portfolio, Goldman says

BP (BP -2.4%) is reiterated with a Buy rating at Goldman Sachs, which believes BP

is "on the cusp of delivering one of the industry's strongest pipelines of new oil

and gas projects," which combined with other factors, indicates the company could be headed for a "free cash flow sweet spot."

"The delivery of a record pipeline of upstream projects is progressively bringing BP closer to the sweet spot of its E&P transformation, which we believe will materialize in 2019, with production from nine major upstream projects rapidly ramping up to peak capacity, and capital expenditure commitments falling," Goldman's Michele Della Vigna writes.

"We estimate that BP's portfolio of new projects is more profitable today and is now among the best in the industry," according to the analyst.

[philanderer] 15/1/2019 09:34

The Trump administration is expected to give BP and other big oil companies more power to self-regulate their offshore drilling operations, years after investigators found that lax regulatory oversight was one of the leading culprits behind the BP Deepwater Horizon disaster, the worst environmental catastrophe in US history.

[waldron] 14/1/2019 17:37

Total
47.05 +0.57%


Engie
13.36 +0.26%

Orange
13.555 -1.56%

FTSE 100
6,855.02 -0.91%
Dow Jones
23,894.84 -0.42%
CAC 40
4,762.75 -0.39%


Brent Crude Oil NYMEX 59.95 -0.88%
Gasoline NYMEX 1.39 -0.70%
Natural Gas NYMEX 3.51 +13.10%


WTI - 14/01 18:08:10
51.21 USD -1.12%




BP
520.8 -0.08%


Shell A
2,345 -0.70%


Shell B
2,379 -0.42%

[cliveb] 14/1/2019 17:22

Blinkin eck I always have around two gallons in my shed!

[scottishfield] 14/1/2019 16:57

Always surprised at how volatile BP. is, for such a large stock. Still it is oil I suppose (holder).

[philanderer] 14/1/2019 13:46

Added a few more this morning.

[the grumpy old men] 14/1/2019 12:44

roker Forecast - HSBC issues a broker note on BP PLC
By BFN News | 11:10 AM | Monday 14 January, 2019

Factsheet BP PLC USD0.25 (BP.)


HSBC today reaffirms its buy investment rating on BP PLC (LON:BP.) and cut its price target to 630p (from 690p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

[optomistic] 14/1/2019 12:18

Any mention of a claim for contamination of land ?
LOL LOL Seems they have nothing better to do.

[ohojim] 14/1/2019 11:51

hxxps://www.ktuu.com/content/news/BP-ordered-to-plug-and-abandon-14-wells-review-all-in-state-504284621.html

By Melinda Bolton | Posted: Sat 11:10 PM, Jan 12, 2019

ANCHORAGE The Alaska Oil and Gas Conservation Commission is now requiring BP to plug and abandon more than a dozen wells at Prudhoe Bay, and review the rest.

According to KTOO, the decision comes after BP’s most recently discovered leak of about two gallons of oil in a well house, in December of 2018.

Alaska Oil and Gas Conservation Commission records show the problems started in 2017 after a worse incident in a similar well prompted a review. That review found 14 at risk wells all of comparable design.

BP confirmed the well that was found leaking last month was one of the 14 at-risk wells.

Following the December incident, AOGCC requested a field-wide review of all of BP's oil wells at Prudhoe Bay.



2 Gallons!! Tut tut!

[the grumpy old men] 14/1/2019 11:29

Alliance News

TOP NEWS: BP To Partner With Eni For Exploring Oman Block
Mon, 14th Jan 2019 09:42


LONDON (Alliance News) - Blue chip oil company BP PLC on Monday said it and Italian oil major Eni Spa have signed a heads of agreement with the Ministry of Oil & Gas of Oman to explore Block 77 in central Oman.

Under the agreement, BP and Eni will work towards the awarding of a new exploration and production sharing agreement for the 3,100 square kilometres onshore block, which contains the producing Khazzan gas project.

"This would represent a further deepening of BP's important position in Oman, building on our successful delivery of the major Khazzan project in 2017 and its second phase of development that is currently under construction," said Upstream Chief Executive Bernard Looney.

"We look forward to continuing to explore and efficiently develop the country’s resources, working in close partnership with Eni and Oman to underpin our commitment to delivering long-term gas production for Oman," Looney added.

Shares in BP were down 0.4% at 518.97 pence on Monday.

By Dayo Laniyan; [e-mail]

[philanderer] 14/1/2019 10:06

updated:

14th jan HSBC buy tp 630p cut from 690p
10th jan Barclays overweight tp 700p
9th jan UBS buy tp 610p
9th jan Berenberg buy tp 600p
8th jan Raymond James outperform -
7th jan Goldmans buy tp 760p
19th dec Credit Suisse outperform tp 675p
11th dec Deutsche buy tp 590p
27th nov JP Morgan Caz overweight tp 575p
27th nov Kepler buy tp 680p
31st oct RBC top pick tp 700p


30th oct ++++++ Q3 results ++++++

[philanderer] 14/1/2019 10:00

'Alaska regulators review BP wells after oil, gas leak'

[waldron] 14/1/2019 09:35

ENI SpA (ENI.MI) said Monday that it has agreed to share exploration and production rights for a field in Oman with Oman Oil Company Exploration and Production (OOCEP) and the government of Oman.

The Italian energy company said that under the agreement, it will be the operator of the block with a 90% participating interest, while OOCEP, which is owned by the Omani state, holds the remaining 10%.

The agreement concerns Block 47, which covers an area of about 8,524 square kilometers and is located onshore in the A'Dakhiliyah Governorate, Eni said.

Exploration is expected to start this year.

Eni said it has also signed a head of agreement with BP PLC (BP.LN) and Oman's ministry of oil and gas. The agreement sets up the principles to acquire exploration and production rights to block 77 in onshore Oman, whereby Eni and BP would each hold 50%, with Eni acting as operator during the exploration phase, Eni said.

Eni expects the agreement for the block 77 to follow shortly, it said in a press release.



Write to Cristina Roca at [e-mail]; @_cristinaroca



(END) Dow Jones Newswires

January 14, 2019 04:07 ET (09:07 GMT)

[optomistic] 14/1/2019 08:40

Looking to fill the gap...Pencae, you may just get your 511p

[philanderer] 12/1/2019 23:43

'Crude Rally Hits Pause as Markets Reassess Economic Outlook'

[philanderer] 11/1/2019 17:46

'BP Plans to Drill 6 More Wells in Azerbaijan'


(Bloomberg) -- BP Plc 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.”

[waldron] 11/1/2019 17:19

Total
46.785 -1.71%


Engie
13.325 -1.04%

Orange
13.77 +1.47%


FTSE 100
6,918.18 -0.36%
Dow Jones
23,939.36 -0.26%
CAC 40
4,781.34 -0.51%


Brent Crude Oil NYMEX 60.78 -1.46%
Gasoline NYMEX 1.42 -1.01%
Natural Gas NYMEX 3.06 +2.96%



WTI - 11/01 17:58:43
51.72 USD -1.03%


BP
521.2 -1.10%


Shell A
2,361.5 -1.28%


Shell B
2,389 -1.22%

[ohojim] 11/1/2019 13:18

ער ווא;ס לאַ;וג•2;ס לעצ;טע לאַ;וג•2;ס לאָ;נג–6;סט

[optomistic] 11/1/2019 12:28

Old yiddish

[fhmktg] 11/1/2019 12:21

What's the language ohojim?

[optomistic] 11/1/2019 10:55

Sudden change of direction. Is it trying to close the opening gap then take off this afternoon?

edit...gap closed.