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Share Name Share Symbol Market Type Share ISIN Share Description
Bhp Group Plc LSE:BHP London Ordinary Share GB00BH0P3Z91 ORD $0.50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.80 -0.14% 1,989.20 1,988.60 1,989.40 2,010.50 1,984.20 2,000.50 6,806,918 16:29:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 43,970.7 17,786.5 161.6 12.2 42,013

Bhp Share Discussion Threads

Showing 1151 to 1170 of 1350 messages
Chat Pages: 54  53  52  51  50  49  48  47  46  45  44  43  Older
DateSubjectAuthorDiscuss
17/8/2021
07:12
BHP GROUP : Gets a Buy rating from RBC 08/16/2021 | 04:28pm BST In a research note published by Tyler Broda, RBC advises its customers to buy the stock. The target price is still set at GBX 2400.
la forge
16/8/2021
13:04
“BHP’s shares are trading at pretty much an all-time high, helped by hopes for a post-pandemic economic recovery, commodity price strength and the company’s own capital discipline, which has seen successive management teams rein in capital investment and acquisitions, sell assets and pay down debt,” said Russ Mould at AJ Bell. “The question then is whether the current earnings and dividend bonanza can last - and analysts do not appear to be convinced. They have sales, profits, earnings per share and dividends falling in the year to June 2023, which is in keeping with central banks’ view that current price inflation is ‘transitory,’ and the result of a post-lockdown surge in demand, production bottlenecks and shipping shortages. If we do get a really inflationary recovery, though, then consensus forecasts could prove conservative, although a downturn would leave them looking optimistic,” Mould opined. “By exiting the oil business BHP could free up funds to increase its exposure in areas like battery metals and copper where demand from the ‘green’ economy is likely to be particularly robust.” BHP has done particularly well this year on the back of the Chinese steel industry’s need for iron ore, with the 52% price surge underpinning what should be another huge dividend when the Anglo-Australian giant publishes annual results tomorrow. It tends to pay about 70% of its earnings, leading to forecasts for a full-year dividend of about $2 a share. Within the financials, two numbers to watch are capital expenditure and net debt, with the latter standing at US$11.8bn at the half-year stage, below the company’s previous target range, while capex is forecast by analysts to be US$7.3bn for the year.
loganair
16/8/2021
13:02
BHP studying petroleum demerger: BHP (BHP) shareholders could find themselves even more exposed to oil and gas under a plan by the miner to hive off its petroleum business to major Australian player Woodside Petroleum (AU:WPL). The deal, first reported in the Australian Financial Review, would see Woodside shares handed to BHP investors.
loganair
16/8/2021
12:04
BHP has said it expects oil and gas demand to remain strong for at least another decade, and recently announced US$800 million of investments in growth options, the company is wary of becoming stuck with assets that’ll become more difficult to exit as the world attempts to curb consumption of fossil fuels. The talks with Woodside come a week after environmental campaign group Market Forces tabled a proposal on behalf of about 100 small investors that calls on BHP to wind down oil, gas and coal production in line with international targets to cut greenhouse gas emissions. A deal that would see investors take on Woodside shares risks undercutting BHP’s climate pledge, according to campaigner Will van de Pol.
loganair
16/8/2021
12:02
Credit Suisse oil and gas analyst Saul Kavonic said a tie-up between Woodside and BHP’s petroleum business would present a “globally significant” company weighted towards LNG with low-risk geographic exposure and growth options. But the important question now for investors, he added, would “revolve around price and how Woodside could pay”. “A cash deal could leave Woodside still dependent on sell-downs or an equity raise,” he said. “A scrip deal would leave Woodside with a very strong balance sheet to fund growth without sell-downs, but could leave a stock overhang as some BHP investors may not have a long-term mandate to hold Woodside shares.” Credit Suisse, which has long-considered Woodside to be the most likely contender to buy BHP’s petroleum assets, said petroleum “simply no longer fits” within BHP’s portfolio. “After having waited too long to divest thermal coal, and now having to resort to selling for cents on the dollar, BHP should know it’s better to exit petroleum sooner rather than later,” Mr Kavonic said.
loganair
16/8/2021
11:59
BHP to Extend Battery Metals Lead With Its Noront Bid: BHP has made an all-cash offer to acquire Noront Resources for $351 million. This represents a 75% premium on an offer made in May by Wyloo, a metals company owned by Andrew Forrest. Noront Resources is a Canadian-based mining company with 100% ownership of Eagle’s Nest. Eagle’s Nest is high-grade, nickel, copper and platinum group element deposit in Canada’s Ring of Fire region. BHP is positioning its portfolio to become a key supplier of nickel sulfate for EV batteries. Were the Norent acquisition to proceed, then it would expand BHP’s supply capacity after entering into an agreement with Tesla to supply battery-grade nickel for its EV batteries earlier this month.
loganair
16/8/2021
08:18
Woodside has confirmed it is in discussions with BHP over a potential merger involving BHP’s entire petroleum business. Please find below a commentary by Wood Mackenzie research director Andrew Harwood: “A merger would create a new international ‘super independent’ built for scale and resilience, with a long-term focus on LNG but exposure in the medium term to high-margin, deepwater oil. “BHP’s oil operations in the Gulf of Mexico (GoM) complements Woodside’s deepwater capabilities and add a new core focus area to Woodside’s existing portfolio. BHP has recently sanctioned US$800 million of new investment at the Shenzi hub in the GoM and is progressing the Trion project in Mexico. “Woodside would also strengthen its position in its key North West Shelf LNG and Scarborough assets. Woodside would be firmly in control of the Scarborough development, but will continue to look for new partners to optimise future capital outlays. “Strong cash flow from BHP’s GoM assets over the next decade will provide steady shareholder returns while supporting planned investment across the wider business in LNG growth and new energy opportunities. “An exit from its petroleum business has been long rumoured for BHP, and as it faces rising pressure from the energy transition, it would seem that the mining conglomerate has determined now to be the optimum moment to achieve maximum value. The terms of any merger announcement will be closely examined to see exactly what value has been achieved. “Following hot on the heels of Santos’ proposed merger with Oil Search, a Woodside-BHP combination is further evidence of oil and gas operators seeking solace from longer term uncertainty through scale, and doubling down on long-term, cash-generative, resilient resource themes. “For the wider Australia E&P sector, a second merger proposal will give Australia another homegrown heavyweight that can compete on the international scene. The inevitable optimisation of enlarged portfolios will also provide opportunities for other players looking to squeeze value from assets deemed surplus to requirements by these newer and bigger entities.”
loganair
16/8/2021
07:59
Woodside for its part said For Woodside - an acquisition of BHP's oil and gas assets would roughly double its annual underlying earnings to around $8 billion. For BHP, a petroleum exit would strip out just 5% of underlying earnings.“Woodside is engaged in discussions with BHP regarding a potential merger involving BHP’s entire petroleum business through a distribution of Woodside’s shares to BHP shareholders. For Woodside, an acquisition of BHP's oil and gas assets would roughly double its annual underlying earnings to around $8 billion. For BHP, a petroleum exit would strip out just 5% of underlying earnings.
loganair
16/8/2021
07:53
BHP Holding Talks With Woodside on Deal to Exit Oil and Gas: Plans by BHP to exit oil and gas come as global energy supermajors grapple with pressure from investors and governments over climate action, in some cases by shrinking core production and adding renewable energy assets. BHP, the world’s biggest mining company, generates the bulk of its profits from iron ore and copper. Though BHP has said it expects oil and gas demand to remain strong for at least another decade, and recently announced $800 million of investments in growth options, the company is wary of becoming stuck with assets that’ll become more difficult to exit as the world attempts to curb consumption of fossil fuels. BHP sold the majority of its shale unit to BP in 2018 for about $10.5 billion, and is advancing plans to exit its final thermal coal mine and some metallurgical coal operations. Those divestments would leave the company with only a handful of fossil fuels assets, a collection of mines in Queensland that supply coal to steelmakers. Last month, Bloomberg News reported BHP was considering plans to quit oil and gas and that the business was estimated to be worth $15 billion or more. Woodside and BHP are in advanced talks over a deal worth about A$20 billion ($14.7 billion), the Australian Financial Review reported on Sunday, citing people familiar with the matter. The world's biggest miner also said it had begun a strategic review of its oil and gas business — made up of assets in Australia, the Gulf of Mexico, Trinidad and Tobago, and Algeria - that analysts value at between $10 billion and $17 billion. Analysts at Bernstein have estimated that the BHP division could be valued at around 13 billion US dollars (£9.4 billion).
loganair
13/8/2021
16:52
Not me but if they do divest O&G what would they do with the cash?
p1nkfish
13/8/2021
16:13
....any guess at the Final divi?
kipper999
13/8/2021
15:52
Results soon. Chance of exit of O&G assets, leading to more favourable ESG tilt and cash. Weekly MACD looks to have crossed over.
p1nkfish
11/8/2021
07:56
Https://www.cnbc.com/2021/08/11/surging-demand-for-solar-will-boost-3-metals-wood-mackenzie-predicts.html
waldron
09/8/2021
10:56
Https://www.woodmac.com/press-releases/solar-energy-to-boost-demand-for-base-metals/
grupo guitarlumber
09/8/2021
08:27
Noslien 9 Aug '21 - 08:00 - 5228 of 5229 0 1 0 Rio Tinto and BHP to pay out US$100bn in dividends over next three years predicts JP Morgan Https://www.proactiveinvestors.co.uk/companies/news/956613/rio-tinto-and-bhp-to-pay-out-us100bn-in-dividends-over-next-three-years-predicts-jp-morgan-956613.html
waldron
05/8/2021
22:08
sp looks range-bound 2050-2350
eriktherock
05/8/2021
21:59
BHP sanctions Shenzi North, moves Trion into FEED phase Aug 5th, 2021 Offshore staff MELBOURNE, Australia – The BHP board has approved $544 million in capex to execute the Shenzi North oil project in the US Gulf of Mexico. The capex approved represents a 100% share interest. According to the company, the project offers very attractive returns at a nominal IRR of more than 35%, a breakeven of about $25/bbl, and a payback of less than two years. BHP is the operator and holds a 72% share in Shenzi North. Repsol holds the remaining 28% working interest and is expected to make a final investment decision (FID) later this calendar year. Shenzi North represents the first development phase of Greater Wildling, following exploration success in 2017, with the resource and development plan further refined through ocean bottom node seismic data and analysis. The project will take advantage of existing infrastructure and production capacity in the nearby Shenzi TLP on Green Canyon block 653. The project will add two wells and subsea equipment to establish a new drill center north of Shenzi with the capacity to produce up to about 30,000 boe/d. Production is expected to begin in the 2024 financial year. BHP increased its share in the deepwater Shenzi field to 72% with the acquisition of Hess’s 28% working interest in November 2020. In addition, the company’s board has also approved $258 million in capex to move the Trion oil project in Mexico into the front-end engineering design (FEED) phase. The focus of these studies will be on completion of the engineering, commercial arrangements, and execution planning required to progress to an FID from mid-calendar year 2022. BHP holds a 60% participating interest in and operatorship of blocks AE-0092 and AE-0093 containing the Trion discovery in the deepwater Gulf of Mexico offshore Mexico. PEMEX Exploration & Production Mexico holds a 40% interest in the blocks. Geraldine Slattery, BHP President Operations Petroleum, said: “Both Shenzi North and Trion are strong growth assets for our business, providing attractive returns from relatively low carbon intensity resources. “Shenzi North is aligned with the petroleum strategy to unlock and deliver further growth options in this key Gulf of Mexico heartland.” 08/05/2021
waldron
05/8/2021
16:33
BHP Group PLC said Thursday that it has approved a capital expenditure of $544 million to execute an oil project in the U.S. Gulf of Mexico, and a second capital expenditure of $258 million to move an oil project in Mexico into the front end engineering design (FEED) phase. The Anglo-Australian multinational miner said that production at the Shenzi North oil project, in the Gulf of Mexico, is expected to begin in 2024. BHP holds a 72% interest in Shenzi North. Repsol S.A. holds the remaining 28% working interest. Regarding the oil project in Mexico, called Trion, in which it holds a 60% interest, the company said that the focus of the studies will be on completion of the engineering, commercial arrangements and execution planning needed to progress to a final investment decision from mid-2022. "Both Shenzi North and Trion are strong growth assets for our business, providing attractive returns from relatively low carbon intensity resources," said Geraldine Slattery, president BHP petroleum. Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix (END) Dow Jones Newswires August 05, 2021 10:14 ET (14:14 GMT)
waldron
29/7/2021
07:20
European markets set for muted open as investors react to earnings, Fed decision Published Thu, Jul 29 20212:04 AM EDT Elliot Smith @ElliotSmithCNBC Key Points Thursday’s European trading session will be guided by another bumper day for corporate earnings. Credit Suisse, Shell, Total, Volkswagen and Airbus are just some of the big names reporting results. Fed Chairman Jerome Powell cautioned in a press conference Wednesday that although the U.S. economy has made progress, it still has some way to go before the central bank would look to tighten its accommodative monetary policy stance. LONDON — European stocks are set for a quiet open as investors digest a fresh round of major corporate earnings and the U.S. Federal Reserve’s reiteration of its dovish policy stance. Britain’s FTSE 100 is set to open around 6 points lower at 7,011, Germany’s DAX is seen around 29 points lower at 15,541 and France’s CAC 40 is expected to drop around 7 points to 6,602, according to IG data.
waldron
28/7/2021
10:52
Oil is taking a well-earned rest. But the bull market isn’t done yet: The oil price has more than doubled in the last five years. It’s come off the boil recently, but in the longer term, things are still looking good. Dominic Frisby looks at what’s next for oil. Today we consider oil. Where’s it going next – up or down? That’s the question we all want to know the answer to, or at least I do, and so that is the question I shall be asking myself today. Let’s start with some background – and we shall use Brent as our benchmark. By the way, a little bit of insider info for you: whenever I write about crude oil, the number of hits my article gets plummets. This has been the case for years. House prices, bitcoin, gold – readers can’t get enough of them. But oil? Few seem to care. Perhaps that in itself is a bullish contrarian indicator. I have found it a reliable investment strategy over the years, especially with commodities, to find markets that nobody cares about. Boring markets. It means the hype is still to come. My trade of the lustrum has delivered nicely: I come to this article with a slightly blinkered view. Generally speaking, I am an oil bull. In early 2016, when it slipped below $30, I declared oil “my trade of the lustrum”. A lustrum, for readers unfamiliar with the word, is a five-year period, so that trade is now maturing. Our chosen vehicle was not BP or Shell, the first companies that spring to mind as ways to play the oil price. For some reason, unknown to me, both are useless as proxies, so we declared avoid and we are both pleased with and justified by that declaration. The oil price has more than doubled, and BP and Shell are both down. “Never sell Shell” is the motto. Never buy it, is my advice. No, our chosen vehicle was BHP Billiton (LSE: BHP) at 700p. Despite being known as a mining giant, oil is in fact its single largest product, and, unlike the ETFs, it acts as a much better proxy. It tracks the oil price and gives you a bit of fizz on top. Brent has roughly doubled since our lustrum declaration, going from $36 to $75. BHP has more than tripled. We recommended it at 700p and now it is 2,316p. The noughties was the oil decade. In 1999 oil went below $10/barrel. In early 2008 it was $147.50. A fifteen bagger, no less. The 2010s began well with Brent trading constantly above $100. Then in mid-2014 two years of horrible bear market saw it drop from $115-odd to $27 by early 2016. That was when we started sniffing around. It hasn’t been an easy lustrum, well though it began. In late 2018, three years after our declaration, oil was flirting with $87 and we looked mightily clever, as we sat stroking a white cat and telling anyone who would listen how clever we were. By 2020 the oil price has gone negative – negative! – and to this day we remain unsure what happened to the cat. But we held. We HODLd for dear life like the most committed of bitcoin zealots, and the market rewarded us. Oil wants to sell off right now, but demand will only increase: Now we are feeling a bit jumpy again. Oil looks like it wants to sell off. In fact, last week it did sell off – it lost ten bucks in barely the blink of an eye. But now it’s bounced back again with impressive vim. Then again, it does now seem to be in something of an intermediate-term downtrend. The spat between Saudi Arabia and the UAE over oil production quotas seems to have abated, and now the Opec nations together with Russia have agreed to increase their output with the aim of reducing prices and easing pressure on the world economy. The supply boost starts in August. Please don’t ask me to explain Opec or how that line of thinking works. Surely if you are selling something you want to get the most you can for it, not the least? If you are an oil producer you want a bull market. Especially if oil supplies really are running down – the pressure to get the biggest return intensifies. Surely? They’re not producing oil for the fun of it, or for charity. It’s always baffled me, and no doubt there is some kind of geo-political shadiness behind the scenes that explains it all, but in the meantime I shake my head and carry on. BHP, meanwhile, has “gone up a lot”, which shows you the kind of logic I get reduced to sometimes, and often when something “goes up a lot” that means it has to at least pause. Doesn’t it? (No, is the answer). With some broad brush strokes, oil demand, green energy revolution or not, is set to increase. The Covid setback will look like a blip on a long-term chart of oil demand – falling by around 10% before bouncing straight back – and demand now looks set to hit 100 million barrels per day next year. I keep banging the drum on this: the Green Energy Revolution is going to increase oil demand. Meanwhile social pressure and government pressure, through taxes and laws, will mean reduced expenditure on exploration and development. The result will be higher prices. So my outlook is that we consolidate over the next few months, we back and fill. We might even go back and have another look at $50. But in the longer-term, oil goes higher – much higher – and oil at $100 in 2022 is not such a remote possibility.
loganair
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