Bp Share Discussion Threads

[marko1961] 29/7/2014 16:54

Bp is now a sell. Back down to 400p

[bracke] 29/7/2014 16:38

The share price closed below the Daily SMA 200 plus the EU has announced new sanctions against Russia.

Will Vlad reciprocate? If yes, are BP in the firing line?

Most unfortunate.

[skinny] 29/7/2014 16:29

BP p.l.c. (the "Company") announces it has today entered into a repurchase mandate agreement with an independent third party to follow the expiry of the repurchase mandate agreement previously entered into and announced in respect of the period of 16 June 2014 to 29 July 2014.

Under the repurchase mandate agreement entered into today, the independent third party will manage the share repurchases for the period of 30 July 2014 to 12 September 2014.

The independent third party will make its trading decision in relation to the purchase of the Company's securities independently of, and uninfluenced by the Company. On purchase, the Company's shares will be cancelled.

The purpose of the share repurchases is to reduce the Company's issued share capital.

Any purchases will be effected within certain pre-set parameters and in accordance with the Company's general authority to repurchase shares granted by its shareholders at the Company's 2014 Annual General Meeting and Chapter 12 of the Listing Rules.

[bracke] 29/7/2014 15:16

So what's it to be?

Depends on whether the Daily SMA 200 holds.

If yes, then another attempt at breaking and holding above 520.

If no, then 465 and maybe 450.

Place your bets.

[lab305] 29/7/2014 14:43

Excellent results. Very low PE and good dividend . Overdone concerns and a bargain price @487p . Buy.

[4spiel] 29/7/2014 13:05

Everybody wants to know -time to dump or time to buy. But nobody knows.We are reliable business partners says Putin but has Cameron a big short on BP ?

[alphorn] 29/7/2014 12:44

Still maintain a small bullish position in BP; may well add if the price drops further.

[bracke] 29/7/2014 12:42

Ref Post 84321

Got there later than expected due to 'events' but only a few weeks late.

[supermarky] 29/7/2014 12:40

Chart doesn't look too hot. Staying out for the moment. Russia sanctions look negative for bp.

[dafrog] 29/7/2014 12:21

Putin is a monster, dwarfish but still a monster. Don't get to be head of KGB by being Mr. Nice.

[skinny] 29/7/2014 12:09

Yes it is frustrating - back to the 200sma.

[careful] 29/7/2014 12:03

bp.shares are cheap.
but they operate in such high risk places.
russia is a worry.
the press is trying to brainwash the public in believing putin is a monster.

the american defense lobby have their methods of drumming up business.
nothing changes.

[skinny] 29/7/2014 07:10

· BP's second-quarter replacement cost (RC) profit was $3,182 million, compared with $2,400 million a year ago. After adjusting for a net charge for non-operating items of $481 million and net favourable fair value accounting effects of $28 million (both on a post-tax basis), underlying RC profit for the second quarter 2014 was $3,635 million, compared with $2,712 million for the same period in 2013. For the half year, RC profit was $6,657 million, compared with $18,996 million a year ago which included a $12.5-billion gain relating to the disposal of our interest in TNK-BP. After adjusting for a net charge for non-operating items of $257 million and net favourable fair value accounting effects of $54 million (both on a post-tax basis), underlying RC profit for the half year was $6,860 million, compared with $6,927 million for the same period last year. RC profit or loss for the group, underlying RC profit or loss and fair value accounting effects are non-GAAP measures and further information is provided on pages 3 and 31.

· All amounts relating to the Gulf of Mexico oil spill have been treated as non-operating items, with a net pre-tax charge of $260 million for the quarter and $299 million for the half year. For further information on the Gulf of Mexico oil spill and its consequences, including information on utilization of the Deepwater Horizon Oil Spill Trust fund, see page 10 and Note 2 on page 18. See also Principal risks and uncertainties on page 35 and Legal proceedings on page 42.

· Including the impact of the Gulf of Mexico oil spill, net cash provided by operating activities for the quarter and half year was $7.9 billion and $16.1 billion respectively, compared with $5.4 billion and $9.4 billion for the same periods in 2013. Excluding amounts related to the Gulf of Mexico oil spill, net cash provided by operating activities for the second quarter and half year was $7.6 billion and $16.5 billion respectively, compared with $5.2 billion and $9.5 billion respectively for the same periods in 2013.

· Net debt at 30 June 2014 was $24.4 billion, compared with $18.2 billion a year ago. The ratio of net debt to net debt plus equity at 30 June 2014 was 15.5%, compared with 12.3% a year ago. Net debt and the ratio of net debt to net debt plus equity are non-GAAP measures. See page 27 for more information.

· Total capital expenditure on an accruals basis for the second quarter was $5.6 billion, almost all of which was organic*. For the half year, total capital expenditure on an accruals basis was $11.7 billion, of which organic capital expenditure was $11.0 billion.

· In October 2013, BP announced plans to divest a further $10 billion of assets before the end of 2015, having completed its earlier divestment programme of $38 billion in 2012. BP has agreed around $3.4 billion of such further divestments to date. Disposal proceeds received in cash were $0.8 billion for the quarter and $1.8 billion for the half year.

· BP today announced a quarterly dividend of 9.75 cents per ordinary share ($0.585 per ADS), which is expected to be paid on 19 September 2014. The corresponding amount in sterling will be announced on 9 September 2014. See page 27 for further information.

[prambigear] 25/7/2014 20:36

#84448 Aye. ANOTHER 'Black Swan'!

BP gets them pretty much once a fortnight.

[hellscream] 25/7/2014 16:47

That chart says nothing.

[2ngh] 25/7/2014 11:01

Breaking news -

Russia threatens to start hitting British companies in retaliation for sanctions against them.

Source - Telegraph.

[penycae] 23/7/2014 13:44

Afternoon all.
Not holding these either way at the moment. Been some really good opportunities elsewhere, so it pays to shop around. GBP starting to come off a bit. About time the Euro came back into its own against the majors.
Bought a few GSK and HL today. Tempted to short AGK, but at the moment it seems safer to buy low rather than try to sell high.
Trade well and prosper Earthlings........

[supermarky] 18/7/2014 19:28

Now bp has dropped below 500 is the next technical support 470? The charts on my smartphone are so small. I am short term negative bp given Russia Ukraine etc and failure to break and hold for a sustainable period above the big 500. Happy to wait it out for now. As this is a mega cap technical support will be a major factor for me.

[bracke] 18/7/2014 17:05

hellscream

There will be no need for oil in 35 years. It will all be solar and such like.

[hellscream] 18/7/2014 16:47

What a buying opportunity for the long term, ingnore the noise... got 35 years till retirement :)

[bracke] 18/7/2014 13:37

Which one?

I suggest you do a google search to get an idea of what BP are facing.

[revell40] 18/7/2014 13:11

When is the court case