Bp Share Discussion Threads

[maywillow] 23/1/2019 11:46

Analyst Broker Ratings
BP plc 25.1% Potential Upside Indicated by Credit Suisse

Posted by: Charlotte Edwards 23rd January 2019

BP plc using EPIC/TICKER code (LON:BP) had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘OUTPERFORM217; today by analysts at Credit Suisse. BP plc are listed in the Oil & Gas sector within UK Main Market. Credit Suisse have set their target price at 640 GBX on its stock.

[ohojim] 23/1/2019 11:43

penycae, if you are trading paper, you might want to look at degiro. Only £2 per transaction irrespective of size plus stamp of course. I have been using them this year and works well with phone app and online.

[maywillow] 23/1/2019 11:41

Analyst Broker Ratings
BP plc 25.1% Potential Upside Indicated by Credit Suisse

Posted by: Charlotte Edwards 23rd January 2019

BP plc using EPIC/TICKER code (LON:BP) had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘OUTPERFORM217; today by analysts at Credit Suisse. BP plc are listed in the Oil & Gas sector within UK Main Market. Credit Suisse have set their target price at 640 GBX on its stock.

[ohojim] 23/1/2019 09:45

Morning all

2nd depth charge away at 509. Looking for 525 minimum, but will keep adding down to 480 if required.

[optomistic] 23/1/2019 08:58

Brent over $61, finals on the 5th Feb. It looks like the market is not expecting much from the figures...but I'm contrarian and expecting a good set of numbers.

[zibrahimovic] 22/1/2019 21:13

FRR will open at 10p, easily.

Check out LSE website for my professional advice.

Zib

[zibrahimovic] 22/1/2019 21:11

BP. is buying into Frontera Resources FRR

Come over to LSE website, FRR thread for my professional input.

Zib

[waldron] 22/1/2019 18:45

Total
47.01 -0.79%


Engie
13.695 -0.25%

Orange
13.36 -0.67%

FTSE 100
6,901.39 -0.99%
Dow Jones
24,302.26 -1.64%
CAC 40
4,847.53 -0.42%


Brent Crude Oil NYMEX 60.94 -2.93%
Gasoline NYMEX 1.41 -3.50%
Natural Gas NYMEX 3.08 -4.95%


WTI - 22/01 19:24:57
52.41 USD -3.34%



BP
512.6 -1.82%


Shell A
2,312.5 -2.51%


Shell B
2,334.5 -2.85%

[waldron] 22/1/2019 15:30

www.proactiveinvestors.co.uk/companies/news/213067/easy-paydays-are-over-for-big-oil-majors-but-deutsche-bank-sees-upside-for-bp-213067.html


Easy paydays are over for big oil majors but Deutsche Bank sees upside for BP
11:50 22 Jan 2019
Lower oil prices and industry challenges mean 'strong earnings and cash momentum' will have ended in the fourth quarter, according to DB
oil and gas operations
BP is rated as a 'buy' with a 590p target

The recent easy paydays are over for the integrated oil majors, that’s according to analysts at Deutsche Bank, who do however see upside for BP PLC (LON:BP).

“Sharp commodity declines combined with a challenging downstream means the strong earnings and cash momentum apparent for much of the past two years should end this quarter,” said analyst Lucas Herrmann.
READ: Goldman Sachs fancies BP and Shell in its Big Oil top picks

Ahead of the upcoming reporting season - BP and Shell have trading updates due in the next two weeks before releasing financial results in the spring - the analyst added: “As ever, at times of intense price moves and volatile differentials the risks around forecasting look set to intensify.

“Results should show good year-on-year progress with headline cash flow strongly supported by the material release of working capital, helpful for balance sheets.”

Deutsche rates BP as a ‘buy’ with a 590p price target, suggesting some 15% upside to the current price.

“We continue to feel greatest 12-month conviction in BP (Buy 590p) but would equally emphasize that sector valuations in general are not, in our opinion, demanding at this seemingly late stage in the equity market cycle,” Herrmann added.

Specifically, with BP, the German bank believes that the market valuation continues to “understate the visibility of its growth and balance in its portfolio.”

Elsewhere, however, Herrmann said: “Gas price lag may support those with a bias - ENI ‘Hold’ with a €17 target, Shell ‘Hold’ 2650p target.

“The scope for material working capital and derivative cash release at Shell may also calm emerging nerves on a seeming lack of 2019 flexibility.”

[waldron] 22/1/2019 12:34

Oil majors were among the fallers at midday amid the China growth worries, with BP down 1.4% and Royal Dutch Shell 'A' shares down 2.2% and 'B' shares down 2.5%.

"To date, China's crude import numbers have so far resisted China's economic slowdown...but many now believe that the world's second largest economy may be experiencing 'peak energy growth', with its demand set to reduce as the slowdown takes a deeper effect," said Oanda's Popplewell.

[philanderer] 22/1/2019 12:22

Market report:

Oil majors were among the fallers at midday amid the China growth worries, with BP down 1.4% and Royal Dutch Shell 'A' shares down 2.2% and 'B' shares down 2.5%.

"To date, China's crude import numbers have so far resisted China's economic slowdown...but many now believe that the world's second largest economy may be experiencing 'peak energy growth', with its demand set to reduce as the slowdown takes a deeper effect," said Oanda's Popplewell.

Alliance news

[penycae] 22/1/2019 11:20

Morning all.

Back in here at 515.61
Oil looking oversold, as is this. Had to buy the paper here, as my sb and cfd accounts are fully loaded. These new margin requirements make no sense. Will they be changed if and when we leave the EU I wonder? No wonder IG took a pasting this morning.

Trade well and prosper.......

[ohojim] 22/1/2019 11:05

That's one way to spend 150 million dollars I suppose. We should buy shares in WPP now.

[philanderer] 22/1/2019 10:51

It's started..

[philanderer] 21/1/2019 17:44

BP is set to launch its biggest corporate campaign since before the Deepwater Horizon oil spill of 2010.

[waldron] 21/1/2019 17:05

Total
47.385 -0.84%


Engie
13.73 -0.76%

Orange
13.45 -0.88%


FTSE 100
6,970.59 +0.03%
Dow Jones
24,706.35 closed
CAC 40
4,867.78 -0.17%


Brent Crude Oil NYMEX 62.69 -0.02%
Gasoline NYMEX 1.46 -0.50%
Natural Gas NYMEX 3.31 -5.05%


WTI - 21/01 17:43:17
53.69 USD +0.54%



BP
522.1 -0.23%


Shell A
2,372 +0.42%


Shell B
2,403 +0.59%

[sarkasm] 20/1/2019 18:43

Oil Companies Spent $84 Billion on This Surprising Activity in 2018
It was the most the industry spent in this area since crude was over $100 a barrel.
Matthew DiLallo
Matthew DiLallo
(TMFmd19)
Jan 20, 2019 at 11:32AM

After keeping a tight grip on their wallets for the past several years because of lower oil prices, oil companies went on a spending spree last year. Overall, producers forked over $84 billion to buy both rival companies and asset packages, which was the highest level since 2014, when merger-and-acquisition activity topped $100 billion, according to a report from Drillinginfo.

However, with oil prices nosediving to end the year, it not only froze the M&A market but could also affect whether announced deals close. Therefore, investors shouldn't expect 2019 to be as active as last year for wheeling and dealing in the oil patch.
Drilling down into the top deals

Oil companies spent most of the past few years reshaping their portfolios by selling non-core assets and using that cash to buy drillable land in the Permian Basin. While that trend continued last year, there was also a notable strategy shift in the sector toward corporate acquisitions, which fueled the surge in overall spending on M&A:


Oil giant BP made the biggest splash with its transformational deal to buy most of BHP Group's shale assets for $10.5 billion. The company beat out several big oil rivals that also reportedly bid on some or all of BHP's shale assets because it saw those properties as "world-class" assets that would upgrade and reposition its U.S. onshore business. The biggest prize was BHP's position in the Permian, which has been a key growth driver for the industry in recent years because of its low-cost, oil-rich resources.

[the grumpy old men] 20/1/2019 10:38

05/02/19 | 08:00





Year 2018 Publication of results

[sarkasm] 19/1/2019 18:27

BP Bets Big On The Caspian Sea
By Eurasianet - Jan 19, 2019, 10:00 AM CST
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Caspian sea

UK oil and gas giant BP is planning to launch an ambitious two-year exploration and drilling program in Azerbaijan's sector of the Caspian Sea aimed at confirming new oil and gas reserves for export, a spokesperson for BP in Baku has confirmed to Eurasianet.

The company's plans for this year involve drilling four new exploration wells in three separate blocks, all of which are thought to hold substantial gas reserves, and to conduct seismic surveys of a fourth block, thought to hold either oil or gas.

Another three exploration wells are planned for 2020, added the spokesperson, Tamam Bayatli.

The spokesperson cautioned that all the exploration wells are by their nature "exploratory" and there is no guarantee that commercial volumes of oil or gas will be discovered.

However, BP and Azerbaijani officials have long predicted that some of the fields to be explored hold substantial reserves of gas, with seismic surveys of one of them, the Shafag-Asiman block, suggesting reserves of up to 500 billion cubic meters. If those projects are borne out the block would be the second-largest gas field discovered the Caspian, behind only the Shah Deniz field and its estimated 1.2 trillion billion cubic meters of gas.
Related: This Is How Much Each OPEC+ Member Needs To Cut

“Alongside Brazil, Azerbaijan stands out in terms of the areas of focus for the next few years,” Gary Jones, BP’s regional president for Azerbaijan, Georgia and Turkey, recently told Bloomberg. “It’s a very significant exploration program for us, which demonstrates the confidence and the role that we see in the Caspian.” BP potentially could “take this source of supply of gas well into the middle of the century,” Jones added.

Two of the planned wells will be drilled this year in the Shallow Water Absheron Peninsula block, about 30 kilometers southeast of Baku, which BP owns in an equal partnership with the Azerbaijani state oil company, SOCAR. A third well in that block is slated for exploration next year.
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A third well planned this year is in the Shafag-Asiman block in deeper waters about 125 kilometers southeast of Baku, which BP also shares with SOCAR. The fourth well slated for this year is the Gobustan block, in an inland field about 50 kilometers west of Baku, in which BP owns a 61 percent share, with SOCAR and the Geneva-based Vitol owning the rest.

In addition, BP will this year conduct seismic surveys of Block D230, a deepwater area 135 kilometers north of Baku, with a first exploration well slated for 2020.
Related: Low Oil Prices Are Not The Only Problem For The Permian

Also planned by BP for 2020 is a first exploratory deep well into the existing Shah Deniz gas field. Shah Deniz has been producing gas since 2006, now exporting it to Turkey via the South Caucasus Gas pipeline. Exports onward to Europe, via the Trans-Anatolian Pipeline (TANAP), are due to start in 2020.

However, BP officials have long predicted the existence of a second "deep" gas reservoir below the existing Shah Deniz field, which the planned well is expected to confirm.

While company officials emphasize that the drilling is only exploratory, well-drilling – in particular deep-water drilling – is an expensive business, and the new program indicates some confidence that new reserves can be located. The new reserves would seem to be earmarked for export to Europe, given the excess capacity available in TANAP. That pipeline, constructed at a cost of $8.5 billion, has a total capacity of 31 billion cubic meters per year and Azerbaijan currently is producing only enough gas to fill half of it

By Eurasianet

[ariane] 19/1/2019 10:40

WHO USED TO SAY

THE TREND IS YOUR FRIEND

[ariane] 19/1/2019 10:21

Old news, but might be of interest to some




BP Stock Falls More than Shell and Total
By Michelle ReyDec 27, 2018 | 4:25 PM

BP’s stock performance

BP (BP) stock has fallen more than Total (TOT) and Royal Dutch Shell (RDS.A) in the past month, by 8.1% since November 23. However, it has fallen less than the SPDR S&P 500 ETF (SPY), which has fallen 11.0%.

BP
BP’s moving averages

In the past month, BP’s ten-day moving average has fallen steeply, further below its 30-day moving average. Whereas it stood 3.4% below its 30-day moving average on November 23, its now stands 3.9% below the average.

How BP is positioned after its latest fall

BP’s dividend yield is 6.7%, above peers’ average of 5.5%. Moreover, BP is buying back shares to offset scrip dilution. In the first nine months of this year, BP bought back $0.3 billion in stock.

BP’s anticipated EPS growth is 95% this year, significantly higher than peers’ average of 61%. Also, BP’s forward PE multiple is 10.1x, below the peer average of 10.4x, possibly due to its debt position. However, BP’s debt position has improved in the past few quarters. Overall, BP stock may well placed after its recent slump, with a higher dividend yield, higher growth estimate, and lower valuation than peers.