Bp Share Discussion Threads

[stevenrevell] 24/8/2015 09:27

This must be the bottom

[diku] 24/8/2015 08:51

ADVFN BB people power!....

[pierre oreilly] 24/8/2015 08:34

It's not just bloomberg, I expect morgans and all the rest come to read afn posters views. a bullish word from you buywell and I expect global stock markets to stage an instant recovery.

[buywell3] 24/8/2015 08:15

I have heard blooberg monitor advfn BB for UK viewpoints , my BP. 300p call refers

wonder if they will call GOLD to over $2000 in 3 years



oakville 21 Aug'15 - 20:04 - 86603 of 86618 1 3

Interesting 1/2 hour just on bloomberg. They are calling BP to fall as low as 3.04.

[buywell3] 24/8/2015 08:13

BP. VOLS have been rising for the last 4 trading days as the share price drops

[iggis] 24/8/2015 08:10

All over the place

[stevenrevell] 24/8/2015 08:08

Why as it stopped trading

[diku] 24/8/2015 08:01

That just burst!...

[essentialinvestor] 24/8/2015 06:10

And over the last 12 months it's still Up over 40% - that's the problem,
it was a bubble.

[mbthedude] 24/8/2015 06:08

Half way through their Monday trading session and the Shanghai Index is down 8.45%

[deanroberthunt] 23/8/2015 19:57

7.24% dividend, seems tempting as a starter for 10.

[gutterhead] 22/8/2015 21:11

It's the perfect storm. Emotion to one side, I think below 300p is possible.

[madoff with cash] 22/8/2015 20:34

Didn't I tell you lot about BP to dip below 400p before Wimbledon? At that time it was trading around 430ish. Oil may drop a bit more. But the downside risk is limited now. 358p is a good price, though not a bargain, to buy I think.

[strutt12] 22/8/2015 15:22

Divisions emerge within Opec as members frustrated by the oil price rout call on Saudi Arabia to scale back production in a bid to restore prices .


Pressure is building on Saudi Arabia from members within the Organisation of the Petroleum Exporting Countries (Opec) to agree to an emergency meeting to arrest plummeting oil prices.


The Telegraph understands that Opec’s secretary general, Abdulla Salem el-Badri, has spoken to Saudi officials on behalf of members within the group who are coming under extreme economic pressure from oil prices dropping towards levels of $40 per barrel.


It is also understood that Algeria has circulated a letter within Opec, lobbying for oil ministers to discuss measures to restore prices. These could include introducing individual production quotas within the group which would prevent certain countries from over-producing.

Opec’s next scheduled gathering is due to take place in December but Algeria, Venezuela and a number of other members including Iran are now supporting an earlier meeting to discuss production levels, which are set at 30 million barrels per day (bpd) for the group as a whole. Opec declined to comment.

Saudi Arabia’s decision last November to increase its own production, which accounts for around third of the group’s output, to more than 10.6 million barrels per day (bpd) has made it impossible for other members to raise their production.

The country's oil policy has also opened up deep divisions within the group, especially with fellow Middle East power Iran. Officials in Saudia Arabia did not respond to requests for comment

Riyadh has come under increasing criticism from within Opec for its determination to maintain a policy which has allowed oil prices to go into freefall since last November.

Saudi Arabia and its close Gulf allies, such as the United Arab Emirates, Kuwait and Qatar, now account for over 18 million bpd of Opec supply, leaving little room for countries such as Iran, Libya and Iraq to increase their output.

“The Saudis have flooded the market which leaves no room for others,” said a source close to Opec. “People in Opec are fed up with the Saudi policy of overproducing since November and have lost a lot of revenue because of this.”

Tensions within the group have risen further since Iran sealed a historic nuclear deal with world powers, which could lead to the lifting of sanctions and potentially more Iranian crude entering an already oversupplied market.

Iran's production has been severely curtailed by sanctions. Output is currently around 2.7 million bpd, of which 1 million bpd are exported.


The figure is a long way from its production levels prior to sanctions. According to BP, the country was capable of pumping over 4 million bpd in 2011.

"Individual quotas need to be restored," said the source, who added that Saudi Arabia's aim of pegging back shale oil production in the US had failed.

Saudi and its close Gulf allies are unlikely to change their strategy of keeping production at current levels. In doing so they are causing rifts to emerge within an organisation which has previously remained unified.

Brent crude tumbled to a new six-year low of $46 per barrel after the US government downgraded its short-term forecast for prices.

Opec member revenues fell below $1 trillion last year and that figures is expected to fall further in 2015, with oil prices expected to average around $49 per barrel, according to the Energy Information Administration.

[bookbroker] 22/8/2015 08:59

All too alarmist, OPEC cannot sit here and watch their budgets being destroyed, and Saudis have most to fear, despite huge reserves they still have to placate their population with large subsidies, they need to get their house in order otherwise ISIS will take advantage!

[mbthedude] 22/8/2015 08:31

By the same token then Exxon will fall to around $62, RDSB will fall to around £14 and Total will fall to € 35

All the oilers getting the same treatment at the moment.

[oakville] 22/8/2015 06:57

Cannot see £2.00 but it should dip below £3.

[mreasygoing] 22/8/2015 00:13

Petrol will be under £1 soon. BP. will be 200p soon. Break out the Blue Nun for current holders.

[oakville] 21/8/2015 20:04

Interesting 1/2 hour just on bloomberg. They are calling BP to fall as low as 3.04.

[oakville] 21/8/2015 20:04

Interesting 1/2 hour just on bloomberg. They are calling BP to fall as low as 3.04.

[smurfy2001] 21/8/2015 17:37

Crazy prices.

Now yielding 7%!!


Annual div (IAD)
26.12 GBX

Annual div yield (IAD)
7.11%

[hectorp] 21/8/2015 17:20

No - dont be daft... " Sellwell" its going down with the FTSE the Dow and the rest of the energies.

[buywell2] 21/8/2015 17:17

The red and blue intersection point has been taken out as the chart indicated

350p looks next with a possible retest of 300p on further Chinese devaluation


buywell2
25 Jul'14 - 11:25 - 84449 of 86598 0 0 edit


free stock charts from uk.advfn.com

[mbthedude] 21/8/2015 15:45

penny I hope were sensible enough to close that losing position when it briefly reduced yesterday?