Bp Share Discussion Threads

[old giggleswickian] 28/10/2013 09:56

portside1,
Bob Dudley could probably say with some justification that Q3 2018 will be better than Q2 2018. It is a bit like saying that turnover at Xmastree PLC will be higher in Q4 than in Q2. If Q3 results are 30% below Q3 last year then believe me that is not a good thing. The fact that Q3 is forecast to be "better" than Q2 isn't as important as you are suggesting.

Ian.

[portside1] 28/10/2013 09:40

the share price is based on future profits not todays .

[portside1] 28/10/2013 09:39

bob Dudley said with the q2 results that q3 would be better .listen to the web cast

[barony] 28/10/2013 09:30

Didn't we sell a large refinery in Texas? (Hence lower revenue)

[old giggleswickian] 28/10/2013 09:24

portside1,
Would it not be wiser to compare q3 with q3 rather than with q2. One prediction is "BP's underlying profits, excluding one-off charges for the Gulf, are expected to be to $3.17bn for the third quarter, from $5.02bn a year before. Mr Hutton said earnings from BP's refining and marketing arm may have fallen by 75pc due to a sharp drop in US refining margins."

Ian.

[anony mous] 28/10/2013 08:17

OhShould be all ok cos portside says so.Lol.Muppet.

[birdsedgeuk] 28/10/2013 07:07

Fingers crossed for Tues.Thought this was a decent articlehttp://www.traderdiary.co.uk/lessons-learnt/4575562569

[portside1] 28/10/2013 07:01

results will be better than the last q2

[old giggleswickian] 28/10/2013 00:24

All this publicity about relatively poor results for the latest quarter must be tosh!
------------------
portside1
22 Oct'13 - 09:22 - 83601 of 83607


results will be very good
---------------------
Portside1 iz neva wong.

Ian.

[veryniceperson] 27/10/2013 23:46

I am sure our fine P M will have nice words with our American cousins. Yer right!

[davidoffetc] 27/10/2013 22:24

Weak US$ in the last Q will affect profits

[prambigear] 27/10/2013 22:04

Aye. Just before dividends ....

[pineapple1] 27/10/2013 22:00

nah.Newspaper article placed to get people offside and short.Always happens...
imho

[jamesclives] 27/10/2013 21:59

How would you possibly know my height?

[mreasygoing] 27/10/2013 21:51

I'll take £3.85 as a top up though :)

[mreasygoing] 27/10/2013 21:50

I reckon you might be short james :)

[jamesclives] 27/10/2013 21:49

Sharp pullback beckons here.
Prof down.
Rsi looking high.
3.85 in sight.

[pineapple1] 27/10/2013 21:41

Small peice in the sunday mail saying BP will annouce a big drop in profits this qtr down to $3.2B or so i believe it said.

[mreasygoing] 27/10/2013 20:23

Lets hope Rosneft can help offset the predicted losses.

[miata] 25/10/2013 15:40

Oil adds to gains after consumer sentiment data.

[chinese investor] 25/10/2013 12:36

WTI Oil Price Dropping !

[prambigear] 25/10/2013 12:35

christh

When I posted that, the share price HAD ALREADY dropped precipitously, after climbing all day until then.
The turnover figures showed that the climb up until 2:00pm had been on low but steady volume, but that the drop coincided exactly, as you would expect, with a turnover volume more than quadruple the earlier buying.

Ergo, I 'wondered'/'said' "someone knows something".

In the event, it rose a little yesterday, then again today.

[christh] 25/10/2013 12:03

optomistic 25 Oct'13 - 11:27 - 83638 of 83640

Agree! the cash could be spent elsewhere in another business to increase revenue, but already BP is saturated with so many small business that it will duplicate existing business and perhaps not very attractive or wortwhile.
It will have been very attractive to return cash to investors but on the other hand the numbers of shares is high making the yield small!
That's why is done.
The benefits will show in the future.