BP Takeover Rumours (BP.)

BP Chart

BP Takeover Price

BP Takeover Forum Posts

smurfy2001: Yes cracking dividend but with apparent over supply of oil and falling price of crude BP sp could fall by 7% p/a so Mr Market could be right in being cautious (all imo & dyor) but swapping taxed dividends for capital loss is a possibility - if sp falls far enough takeover rumours could phoenix. .
there wont be any merger/takeover, bp is too big, its just big traders moving the sp. And anyway the government wont allow it.
My thoughts... 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 £ 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 £4:40, and again at £4:10, £3.80 and £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. Http://news.forexlive.com/!/exxon-takeover-of-bp-would-be-one-of-the-largest-ever-20170310
BUZZ – BP stock up 4 pct on report of Exxon interest, BP doesn't comment 14:26 March 10 (Reuters) – 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 Http://www.standard.co.uk/business/bp-takeover-chatter-bubbles-back-to-surface-a3486576.html
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
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