Bp Share Discussion Threads

[diku] 28/7/2015 08:40

To some extent it is a casino!...

[e factor] 28/7/2015 08:40

410.....

OR 420??

[essentialinvestor] 28/7/2015 08:38

In fairness it's not easy buying when sentiment is dire, it takes some guts.

[lazy sunday afternoon] 28/7/2015 08:36

So what do you want - a medal?

[nw99] 28/7/2015 08:25

Nice buying I am done and now stock responding

[naughty poster] 28/7/2015 08:20

I bolted on some more at 384. Has to be done.

[naughty poster] 28/7/2015 08:19

Way outside the lower bollinger - that won't last!

NEVER DOES.

[veryniceperson] 28/7/2015 08:14

By the end of the day they will be in the blue. Holding the dividend. These must be bottoming out China not helping the situation.

[smurfy2001] 28/7/2015 08:10

Price of oil down so not helping...

[nw99] 28/7/2015 08:01

Buying more no div cut

[kiwi2007] 28/7/2015 07:58

Bad miss...no wonder it's been falling faster than Shell.

[skinny] 28/7/2015 07:02

· Dividend of 10 cents per share approved
· Operating cash flow of $6.3 billion in quarter
· External environment remains challenging
· Responding with action: capital and divestments on target; simplification and efficiency programmes delivering benefits
· Focus on rebalancing company for period of lower prices

[smartypants] 27/7/2015 16:23

You can't beat a good trading program
No...I mean ...
You can not beat a good trading program
Heads they win tails you loose

[iggis] 27/7/2015 15:40

Took the plunge, will average down if not near bottom. Oil to go lower?

[essentialinvestor] 27/7/2015 15:32

Added RDSB, may have a few before the close.

[smurfy2001] 27/7/2015 15:27

Added another nibble at 387.x into my ISA

Almost 30p cheaper then my last add.

[revell40] 27/7/2015 15:25

Any advise on tomorrow's results were will this go do I wait or go now ta

[naughty poster] 27/7/2015 15:00

Those two goons didn't predict the commodity falls, they are merely commentating after the events - anyone of us can and do that. I think I can hear the bleating of sheep..

[smurfy2001] 27/7/2015 14:15

Good video.

Commodities supercycle’s end is nigh
Jul 24, 2015 : Commodity prices are at multiyear lows as China slows and the dollar climbs. The FT's Michael Mackenzie and Neil Hume discuss the factors that have rung the death knell for the so-called commodities supercycle.

[dmf] 27/7/2015 13:21

Dividend Will Be Focus for Shell, BP Holders: Hunter

[naughty poster] 27/7/2015 12:59

BP limping along
The oil giant will announce its first-half figures on 28 July, and the weak oil price is taking its toll on the profits.


BP
Source: Bloomberg
The company has been struggling over the past five years. Major setbacks like the Gulf of Mexico disaster and the collapse in the price of oil at the back end of 2014 have kept the share price under the cosh. The oil giant is still suffering from depressed energy prices, and it revealed a 39% drop in profits for the first three months of 2015. As I previously stated, BP is relatively cushioned from weak oil prices as the downstream business offsets the losses incurred at the exploration operation. The price of oil bounced back in early 2015, but it has been drifting lower since the middle of the year which will still be an issue for BP.

The refinery business is suited to lower oil prices, and to tackle weak commodity markets the firm has been cutting back on production levels, reducing the number of staff and asset-stripping. BP sold off a North Sea pipeline for £324 million in April to beef up its cash reserves for legal costs in relation to the Gulf of Mexico accident. The firm has plans to spin-off $2 billion worth of assets within the year.

The oil giant will report its second-quarter figures on 28 July, and dealers are expecting revenue of $54.31 billion and adjusted net income of $1.69 billion. The first-quarter figures easily exceeded estimates, and revenue came in at $54.19 billion, and adjusted net income was $2.57 billion; analysts were anticipating $51.9 billion and $1.2 billion respectively. BP will reveal its full-year numbers in February 2016, and the market is anticipating revenue of $236 billion and adjusted net income of $7.4 billion. These forecasts represent a 33% drop in revenue and a 38% decline in adjusted net income.

Equity analysts are bullish on BP, and out of the 33 ratings, seven are buys, 20 are holds, and six are sells. The average target price is 456p, which is 14% above the current price. Investment banks are very bullish on Royal Dutch Shell, and out of the 18 recommendations, nine are buys, eight are holds and one is a sell. The average target price is £22.63, which is 26% above the current price.

BP’s share price has been trading lower since July 2014, and the bias points to further declines. The initial target will be 365p and if that mark is cleared then 300p will be the next level of support. A move back above 400p will be the resistance at 420p into play, and if that level is breeched the 445p level will be next upside target.

[mickbell2] 27/7/2015 12:45

khutchins1234

No need to borrow as BP have over £71 billion in Ord Cap, reserves
besides if they meet broker forecasts of over £6 billion pre tax profit for
2015, that will cover the £4.678bn Dividend cost, leaving a small excess
to add to their cash pile.

Forecasts from Digital Look
Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS
2015-12-31 151,381.44 6,062.94 25.88p 15.6 0.2 95%
2016-12-31 172,007.13 8,208.57 30.93p 13.2 0.7 20%