there wont be any merger/takeover, bp is too big, its just big traders moving the sp. And anyway the government wont allow it.
Despite the weak (sub $50) oil price being a realistic possibility:
They wont cut the dividend, which is now over 7% and if Sterling continues to slide as the shambles of a Brexit negotiation rumbles on for two years, this will only rise in ÃÂ£ terms.
Or... They do cut the dividend, initially the share price will crash, BUT they will then almost certainly be taken out in a merger/takeover. If it is being looked at now when the price begins with a 4 it will almost certainly be considered if begins with a 3. And they will then get it for 6! I expect.
So I am not selling now whilst the dividends come, and will actually top up at ÃÂ£4:40, and again at ÃÂ£4:10, ÃÂ£3.80 and ÃÂ£3:50 if it gets there (but I dont think it will).
I bought in when the takeover rumour caused me to take a look at the chart.Some value to be had even without a takeover.
I like the chart, growth prospects and good div.
Talk of a 120bn takeover would mean a sp of around 615p and I don't think they'd get it at that price. I'm holding.
M&A talk bubbles up in oil
The Evening Standard reports on a rumour that ExxonMobile has felt out BP's largest shareholders on a potential takeover.
Shares of BP are nearly 4% higher on the rumour.
With a market cap of more than $100B and a reasonable premium, it would probably be the second or third largest takeover of all time. It would also create a large inflow into GBP from USD.
The Evening Standard said Shell could launch a counter bid that would keep BP British and also reports that Chevron could be interested.
A BP spokesman said he had no comment on the rumour.
BUZZ Ã¢â¬â BP stock up 4 pct on report of Exxon interest, BP doesn't comment
March 10 (Reuters) Ã¢â¬â
BP shares rose as much as 4 percent on Friday as traders cited a report of renewed interest from Exxon Mobil .
London's Evening Standard newspaper reported that Exxon had sounded out BP's major shareholders to gauge their interest in a potential takeover.
BP said it does not comment on market rumours.
Under corporate rules, BP would have to disclose if Exxon had made a bid.
Market report: BP takeover chatter bubbles back to surface
Alphorn, your comment on a takeover failed in the request for views, pity really as it could have awakened the thread.
btw I occasionally think of BP being taken over....but then I wake up :-/
Who knows though anything is possible.
Some 500 calls expiring this month; should get full premium. It will be my last naked BP calls as there must be some risk of a takeover? Any views?
Solid multi national with a strong board and a decent divi
I see this going 600p+ this year
Have been shopping recently to top up my holdings for the pension fund.
Wonder whether they might become a takeover target down at these levels, seems way too low imho