Bp Share Discussion Threads

[optomistic] 06/3/2017 18:57

Alphorn, your comment on a takeover failed in the request for views, pity really as it could have awakened the thread.
btw I occasionally think of BP being taken over....but then I wake up :-/
Who knows though anything is possible.

[alphorn] 05/3/2017 21:30

Some 500 calls expiring this month; should get full premium. It will be my last naked BP calls as there must be some risk of a takeover? Any views?

[optomistic] 03/3/2017 15:56

Sudden jump on the NYSE BP Stock

[optomistic] 03/3/2017 09:44

NT Boy
BE expected to drop to $35/40 by 2021.

[ny boy] 02/3/2017 23:11

BP need a break even oil price this year of $60bl, some suggest nearer $70bl. Current price sub $53bl.

[smurfy2001] 02/3/2017 11:06

Cracking yield.

Annual div (ADY) 32.21 GBX
Annual div yield (ADY) 7.10%

[spellbrook] 01/3/2017 17:06

Grab BP's 7% dividend yield while you can analysts say as strategic plans impress


12:34 01 Mar 2017
Starting from 7%, the potential for yield contraction is large.”

[smurfy2001] 01/3/2017 13:58

Grab BP's 7% dividend yield while you can analysts say as strategic plans impress

P PLC's (LON:BP.) plans for the next five years went down well with the City with two heavyweights expecting a better performance to lead to a share price revival.

Martijn Rats, an anayst at Morgan Stanley, which has an overweight investment stance and 515p target price, said the oil giant had outlined a credible path towards substantially higher free cashflow in coming years.

“This will progressively put its dividend on more secure footing. In our assessment, BP has the portfolio to deliver this. Starting from 7%, the potential for yield contraction is large.”

In his first strategy update for three years Robert Dudley, BP’s chief executive, said the key message was that combined cashflows from its upstream and downstream operations could reach between US$22-24bn in 2021.

Oil production is expected to grow by 5% a year on average from 2016 to 2021, while cost per barrel will drop to US$34-40.

“Assuming a stable price environment and portfolio, BP now expects return on average capital employed (ROACE) for the Group to recover steadily over the next few years and to be over 10% by 2021.”

Citigroup said the update had highlighted a much better than expected improvement in the downstream operations than had been previously guided.

As a result, the US broker has raised its earnings forecast between 2017-20 by 7% on average, while steady uplifts in return on equity (to 14% by 2021) make the current rating undemanding.

Dividends will fully covered at low-US$60 per barrel oil in 2019 with cashflow expanding thereafter said the broker, which is a buyer with a target price £5.10.

Shares rose 3% to 466.8p.

[king kong dong] 01/3/2017 11:53

might take a while, but with Dudleys bullish statement, I agree, £5 is the first target.

[ladywormer] 01/3/2017 11:24

Happy St David's Day Peny!

[smurfy2001] 01/3/2017 11:15

Come on 474 !

[penycae] 01/3/2017 10:24

Bore da.....




Never forget yer Welsh!

[optomistic] 01/3/2017 09:34

I'm for the 500+ smurfy :-)

[smurfy2001] 01/3/2017 09:08

Nicely in profit now. 474 and i'm out.

[optomistic] 01/3/2017 09:03

...now for that 475 gap

[optomistic] 28/2/2017 20:47

Thank you Bracke, you are so thoughtful :-))

[bracke] 28/2/2017 18:08

OK just didn't want optomistic becoming over excited.

[smurfy2001] 28/2/2017 18:00

Sorry yeah

[bracke] 28/2/2017 17:56

smurfy

Did you mean 474?

[bracke] 28/2/2017 16:59

Good afternoon optomistic

I expect Penycae is having an afternoon nap as part of his recovery from having to toil for a while.

BP. certainly has a few gaps to fill but will the oil price assist.

Mr Trumps speaks later........