Bp Share Discussion Threads

[kiwi2007] 23/7/2015 10:53

....and according to the options trader on cnbc a fall for ADRs below $36.50 could trigger further selling....($37.60 at close)

[kiwi2007] 23/7/2015 10:42

According to trader Andrew Keene of Keene on the Market, options prices imply that British energy giant BP will cut its dividend by 2016.

By some measures, BP's dividend yield of 6.2 percent does not appear a comfortable one. Analysts only expect the company to earn $2.41 per share in 2015, according to FactSet, a penny more than its annualized dividend yield.

Read MoreQuiz: How much do you know about dividends?
On the other hand, BP is expected to generate cash flow per share of $7.40.

"BP's dividend is safe," declared Oppenheimer analyst Fadel Gheit, pointing to the company's cash flow and the cash on its balance sheet.

For BP's part, the company writes on its website that "BP directors decide the level of each dividend based on each quarter's results," and the company told CNBC it cannot specifically comment for this article because it is in a "quiet period" ahead of earnings.

[oneillshaun] 23/7/2015 10:28

It goes much lower i think i will be buying in before it goes ex dividend.

[iggis] 23/7/2015 10:27

Iranian oil to flood the markets

[smurfy2001] 23/7/2015 10:08

We're only 30p away right now, never say never.

[essentialinvestor] 23/7/2015 10:01

A US analyst yesterday raised the potential for a 2016 dividend cut,
I find that difficult to see unless oil takes another huge lurch lower.

Neither do I think you will have the 2014 opportunity to buy BP sub 370 again.

All just IMV only.

[smurfy2001] 23/7/2015 08:39

Price of oil isn't helping but we could see 39x now.

[optomistic] 23/7/2015 08:26

One thing can be said of BP over the last few days...she's consistent!

[smartypants] 22/7/2015 23:21

you got some ??

[smurfy2001] 22/7/2015 22:10

Adult photo sharing smartypants?

[prambigear] 22/7/2015 12:45

From an article in "WEALTH" magazine - June 2015 About Steven Diggle and his Vulpes fund.

"Corporate governance in Russia, he says, is very poor
and has steadily worsened. “There are some fairly egregious
things going on. What would surprise most people
is that the Russian legal system is not hopelessly corrupt
or a pawn of the state or the oligarchs. It actually operates
reasonably independently and in an uncorrupt way.”
The Russian legal system is, however, powerless, he
says. “We have a specific example where we own a meaningful
but small stake in a company. We won an injunction
against Gazprom in the Supreme Court. Gazprom
said, ‘We understand the court ruled against us, but we
don’t agree with the judgement, so we’re not going to
do anything ...’ This is a Russian company significantly
owned by the state, refusing to comply with a judgement
which would have significantly compensated us for our
losses."

[essentialinvestor] 22/7/2015 09:19

BP off just under 7% in July, about in line.

The two will not go hand in glove by any means, but the price of crude has to be
factored in when looking at the share price

Still think XOM may pounce at some point.

[essentialinvestor] 22/7/2015 09:14

7% plus fall in July for crude approx.

[smartypants] 22/7/2015 09:12

Rational..reasoned reaction and a reflection of todays plummet in crude oil price..
oh..wait a moment...oil price is pretty stable today as it has been for last few days, hovering just above $50 ?????

[essentialinvestor] 22/7/2015 09:05

RDSB better value than BP at these levels?.

[skinny] 22/7/2015 09:04

Optomistic - I find time as I'm only down the mines 6 days a week these days! :-)

I'm tempted to add some SSE on it's weakness - ex dividend tomorrow @61.8p.

[smurfy2001] 22/7/2015 09:02

Near 6.5% yield.

Bargain prices for an ISA.

I've been adding on a regular basis but reckon 385p would be a great add.

[optomistic] 21/7/2015 17:13

Skinny...I am indeed. I like the quantity of the fruits and veg I can grow just with that extra effort.
I do not know how you manage to keep an allotment with all the information that you post on these boards...you have two very consuming jobs :-)

[bracke] 21/7/2015 15:29

Never thought of you as being "impulsive" optomistic.

The share price has managed to cling onto 414 (last swing low) but only just and it does not look convincing.

[skinny] 21/7/2015 15:27

Opto - just the one off topic post - I hadn't realised that you too were an allotmenteer!

[optomistic] 21/7/2015 14:24

Good afternoon bracke, it appears that BP is now at a critical price level (414)
My impulsive purchase is now costing 6p/share. I did want to be in well before the results in case of a boost before the event...the other way is seems was to be the order of the day!
However I have been involved many times in BP and usually there is a way out from an underwater position, but I was hoping not to go there this time.
Dividend of course is always very helpful to cheer things up so just hoping from here it isn't reduced this time.