Bp Share Discussion Threads

[azalea] 15/12/2014 18:23

Until there is a dramatic rise in demand for oil, or the Saudi's announce a significant cut in production, both of which are nowhere in sight, the p.o.o. will continue to respond with a remorseless downward spiral. If the high ranking member in the UAE who reportedly has an insight into the Saudi's strategic thinking, is calling bottom at $40 a barrel, then splitting the difference, we could still be looking at circa $48 a barrel in the Spring or sooner if the weather stays mild in the industrial northern hemisphere.

[bookbroker] 15/12/2014 18:11

To be honest is one of the best capitalised, lowest debt holders in the sector Alpha, their enormous cash flow has always financed the debt and their diversification, upstream and down stream, how else apart from disposals would they have paid thus far for DWH. and re-introduced dividend, they are not financing these with debt, by 2020 this co. alone will be producing nigh on 900,000 barrels of oil a day!

[james smith] 15/12/2014 18:05

Alphahunter

"Why would I invest in the sector if I don't understand the current thinking and pain tolerance of Saudi Arabia."

You will need to go back to 632AD to get the answer to that question.

[alphahunter] 15/12/2014 17:43

cfc1,

I have had a short position in the stock for a while. That makes me a "shorter" I suppose.

I am not convinced that BP is "cheap", possibly fairly valued at best thanks to the debt-financed dividend and verging on expensive on a specific risk-adjusted relative basis (vs Total, Shell, ENI).

As a whole, the sector is being rerated down not just because of oil prices per se - but also because the visibility into the pricing of oil has gone. Why would I invest in the sector if I don't understand the current thinking and pain tolerance of Saoudi Arabia or Qatar?


There may be value in some crashed-down oil juniors in an asset-based approach, but not so in large caps IMHO. I picked BP as the strategically and potentially financially-challenged proxy in that sector.

GLA

[bookbroker] 15/12/2014 17:11

Ridiculous valuation, this will receive an approach within weeks at this rate!

[stardrops2] 15/12/2014 17:03

youve removed your 367 im thinking of removing my 350 not sure where the bottom is at the moment i suspect most dont

[iggis] 15/12/2014 17:03

where is this Santa rally everyone was going on about?

[smurfy2001] 15/12/2014 16:52

FTSE futures down -38 since close.

I've removed my 367 buy order to add.

Relentless selling has put me off, best wait to see a trend change on the FTSE100 as it's broken through support.

[hellscream] 15/12/2014 16:48

Why is the market not giving no value to this company? £68b market cap?

[neilyb675] 15/12/2014 16:45

the 362 will be along before the 350 heads into town, imvhpo, imvhpo

[stardrops2] 15/12/2014 16:42

still waiting for 350 wednesday i would say

[neilyb675] 15/12/2014 16:24

yes it defo is

[maximillian1] 15/12/2014 16:24

Thatę will do me....362 yeeeeeeeeeeeeees please....Santa is coming to town...In a big black oil soaked gown ..jingle bells jingle bells Wall St smells...:o)

[neilyb675] 15/12/2014 16:22

362 - COMING

[maximillian1] 15/12/2014 16:21

CHOO CHOO CHOO....This steam train is running down the track fast...will I get my 357...


The next station.....Could be my three line intersection.......

[smurfy2001] 15/12/2014 16:18

374 wow, never thought i'd see these prices again

[supermarky] 15/12/2014 15:33

Good point mount Pleasant

[mountpleasant] 15/12/2014 15:32

Who is selling? Good question.
Remember, the market can stay wrong, longer that you can stay solvent.

[supermarky] 15/12/2014 15:32

Christmas coming early

[supermarky] 15/12/2014 15:32

I'll buy another lot at 360 ish

[supermarky] 15/12/2014 15:15

Yes I will average down with bp here. First lot bought at 390

[smurfy2001] 15/12/2014 15:09

I've got another buy order at 367 but given the pace here may need to lower the price.

[smurfy2001] 15/12/2014 15:09

Being shorted?