Bp Share Discussion Threads

[dmf] 17/12/2014 12:54

Oil could fall to $30 a barrel: Emirates boss

[bili1946] 17/12/2014 10:45

From BOE:
"The committee judged that the reduction in the oil price would, if sustained, act as a stimulus to growth in the United Kingdom and its main trading partners," the minutes record. BOE staff expect the U.K. economy to expand 0.6% on the quarter in the final three months of the year"
It is an ill wind......

[bookbroker] 17/12/2014 10:22

US legal process designed to work in its favour, unrelated issue, Jeb Bush(Gov. Flda) thinking of running for President, it was Florida that scuppered Gore's bid to succeed Clinton in dubious circumstances, and look what we need up with, an ex-alcoholic who in some eyes defied international law and whose actions could be responsible for the deaths indirectly of hundreds of thousands of people, incl. several thousand US servicemen, and ultimately caused the collapse of international order in parts of of the Mid-East!

[ny boy] 17/12/2014 07:35

Bought more yesterday, bargain of the decade sub 400p

[bookbroker] 16/12/2014 22:01

By the time their next dividend is due on the basis of it being July this year i suspect Putin will be eating out of the new US Presidents hand, and this whole crisis will be behind us, Putin or no Putin, and the oil price will be considerably higher than where it is now!

[stardrops2] 16/12/2014 21:00

The Russian ruble fell more than 12% early Tuesday following a late-night-rate hike by the central bank aimed at stemming the currency's fall. That dragged down the shares of some European firms from a range of industries exposed to the Russian market. The ruble and many stocks recovered after Economy Minister Alexei Ulyukayev later in the day ruled out the sort of capital controls that foreign multinationals most fear in such financial crises.

One of the most exposed western firms is BP PLC, which also owns close to 20% of Russia's state-controlled oil company OAO Rosneft. The British oil giant collects an annual dividend from Rosneft. In July BP collected a Rosneft dividend totaling $693 million for the first year of the deal.

Such payouts could end up stranded in Russia under some forms of capital controls. Such a hit would be a blow to BP, which is already coping with falling oil prices and the uncertainty of a U.S. court decision that could force it to pay billions of dollars in additional environmental damages for its 2010 Gulf of Mexico disaster.

[uncle_sam] 16/12/2014 19:56

Yes of course it will, bookbroker, but you must ask youself, do you see yourself as some low level manager only focused on and fretting over some past event (albeit with some relatively small but measurable future impact), or a private investor focused on and open to current opportunities and risks as well as future prospects (which includes DWH as well as other SWOT line items like fx, demand, supply, compliance, competition, etc.).

That's my point, old boy, again and again. T'en fais pas.

[bookbroker] 16/12/2014 19:18

Thing Uncle mate DWH is not history as far as BP. is concerned, and will not be for along time, next March they will know the kinda fine they will receive under the Clean Water Act, so why do you say its history, DWH and its implications will rumble on for a long time yet!

[maximillian1] 16/12/2014 18:41

His English...is impeccable...


He may only be a distant descendent of Abraham Lincoln...

[uncle_sam] 16/12/2014 16:24

Still wrong footed and wrong headed.
Take two tablets, call me in the morning. Byeee.

[uncle_sam] 16/12/2014 16:00

Ah, yes, the freon fool (and his shadow). Just the fellows I had in mind ... didn't even have to name you and you knew I meant you ...
They say therapy helps inferiority complexes but in your cases I fear not.
PS: UKIP is recruiting; you seem likely lads.

[cfc1] 16/12/2014 15:48

uncle doodle dandy sam...lets just face it...Americans are inferior to us Brits - that's it really

[stardrops2] 16/12/2014 12:24

ops sorry i was looking for the BP thread

[uncle_sam] 16/12/2014 11:26

Bookbroker, you are right about human nature, but for the umpteenth time on this thread, DWH is history, bad history for BP but history nonetheless. Don't let yourself get bogged down in minutiae and don't wallow in woe. Every company, every country, every person, has some history of injustice committed by it or against it.

'Nuff said by me. Bigger fish to fry ... Moving on.

[bookbroker] 16/12/2014 11:09

Uncle Sam - we gotta to amuse ourselves somehow through this turbulence, just thinking this morning that the Deepwater Horizon spill and all the erroneous claims BP has made concerning the unjust payout procedure as regards compensation would make a great investigative book, something on the lines of Tom Bower, I am sure they have a good case, and I am sure that some of the compensation made to small businesses that would not have seen any fallout whatsoever from the aftereffects of the spill are totally unreasonable. When people see a good thing they will exploit it.
An example of when the Foot and Mouth blow-up in 2001 occurred was as part of the clean-up process the affected farmers would be paid by MAFF a set-rate to cleanse their farms, most off course had had their stock culled as a result of being in an area where a suspected outbreak occurred, most off course were misdiagnosed, but if they were contiguous i.e. adjacent to an suspected outbreak, that was it, stock slaughtered. However it was to placate them and provide an income as their business had effectively been taken away from them
The point was that they were paid £10 an hour, no limit to the hours worked( could be 100hrs + a week, paid a great rate for use of machinery, and some even tried to charge a going rate of £10 per hour for the dog, not sure what he was meant to do except bark at MAFF inspectors. One culprit though was a machinery contractor, slurry tankers, water tankers and all that, think his revenue was in the millions, and he later got busted for fraud and did time for charging for plant that never even existed.
Crises generally become a free for all, when there is virtually an open cheque book with regard to compensation, people will always take advantage!

[uncle_sam] 16/12/2014 10:50

Golf and cunmor, your two last posts speak from sincerity, so I respect that. You would surely concur, however, that many other anti-American posters here are simply lost souls with poorly argued, ludicrous polemics. As for me, if you read my back posts you know I have often stated that I am not a one-sided, flag waving jingoist. While I prefer balance debate and dialog, I do not shy away from pointing out bias or slapping down diatribe from dunderheads.

My main point remains chagrin at the tedium of this thread which, above all, became and remains not an investment thread first, but a sewer route for every anti-American sentiment that rises from the sense of inadequacy of some posters here.

FWIW, I hold BP bonds and prf's long term but trade BP shares short term only, long or short according to opportunity. It's an investment, ffs, not a holy relic of the lost British empire.

[cumnor] 16/12/2014 09:57

The tone of your reply is exactly what I mean, U.S. Don't confuse reasonable argument and fair criticism with Anti Americanism. Harmonious international relations demand a certain give and take. There will be social unrest in many countries with worldwide consequences if the price of oil stays too low for too long. Would you prefer to see Iraq, Nigeria and Saudi Arabia get into bed with Putin if they are driven to it?

[golf driver] 16/12/2014 09:54

Just a stab in the dark .With that handle i`d say you are American .

Cumnor makes some very valid points , although for clarification purposes i`m not anti American , probably more pro if anything . America though is the epitome of hypocrisy on many fronts , says one thing does the other . So many cliches that that are suitable , but, they never want to eat humble pie and admit their failings , this being their greatest flaw .

[cumnor] 16/12/2014 09:15

They already are.