Bp Share Discussion Threads

[sicker] 06/5/2017 08:44

leafy, I will expect a potential 7p drop on 11th May when BP goes ex-div.

[leafysuburb] 05/5/2017 20:05

Nice end to the day. Agreed

Should be a dividend I think on the 11th May followed by Opec also meeting around the 24th.

It should in all honesty be climbing off the last update.

[smurfy2001] 05/5/2017 17:13

Nice end to the day.

[pugugly] 05/5/2017 13:46

Bloomberg update:
OPEC Runs Out of Options as Bid to Boost Oil Price Fizzles

[pugugly] 05/5/2017 11:42

smurfy2001: You may be right but from Bloomberg just updated
"Oil slid below $45 a barrel for the first time since OPEC agreed to cut output in November as U.S. shale confounds the producer group’s attempts to prop up prices."
full link -

Many shale producers are significantly profitable at prices well below $45 - A quick search through back Bloomberg articles should show this - Not saying this will last for a long time but a shale well is very different from many conventional wells - Usually cheaper to drill - and be left unfracked until oil price rises to target level than frack and produce - A bit like turning on a tap rather than having to lay a pipe to the mains (as in water) if you get what I am trying to say.

[smurfy2001] 05/5/2017 11:21

Sorry but isn't the oil price movement we're seeing now typical in advance of an OPEC meeting?

[pugugly] 05/5/2017 10:54

smurfy2001: Yes cracking dividend but with apparent over supply of oil and falling price of crude BP share price could fall by 7% p/a so Mr Market could be right in being cautious (all imo & dyor) but swapping taxed dividends for capital loss is a possibility - if share price falls far enough takeover rumours could phoenix. .

[smurfy2001] 05/5/2017 10:30

Cracking dividend here 7% yield!!!

Annual div (ADY) 31.48 GBX
Annual div yield (ADY) 7.01%

[veryniceperson] 05/5/2017 07:58

Oil price down to $47.65 barrel. Won't help BPs share price today.

[bracke] 03/5/2017 14:06

Good day grahamite


This chart suggests that the 'fox' is being cornered.

BP. DAILY

[grahamite2] 03/5/2017 12:25

Nice thread this. Cuts to the chase.

[broadwood] 03/5/2017 11:29

Positive buy note out from Barclays.

Still on a yield of &5 and rationalisation in the sector in for nothing.

'Analysts at Barclays re-instated BP as their Top Pick in the European oils sector in anticipation of a "material and sustained" improvement in the oil major's free cash flow.
Key to the above, three project start-ups are imminent and momentum in upstream should only improve going into 2018, analysts Lydia Rainforth, Joshua Stone and Danni Li said.

Downstream, there is scope for the market to be positively surprised and an investor day on 14 June will afford management an opportunity to discuss its own growth ambitions in greater detail, they said.

"We continue to see this as an area where market forecasts are likely to prove too conservative and building credibility through detailed disclosure should also build confidence in the wider group aspirations on cash-flow."

Despite the inevitable bumps in the road, the 'direction of travel' in BP is far clearer, the analysts added.

Yet in their opinion the expected improvement in the company's operational and financial performance is at odds with the shares' valuation, with the dividend yield stubbornly at 7%.

"As investor confidence in the ability of BP to sustain and grow that dividend improves, we expect to see the shares re-rate."

[royconchie] 03/5/2017 08:43

Advfn got the Ex and Rec dates wrong on the Financials, should be 11/05 not 11/06.

[hellscream] 02/5/2017 17:58

opec meeting end of the month, that's why oil is dropping. will be 60+ end of the year.

[hellscream] 02/5/2017 17:56

stuck at 450 lol

[veryniceperson] 02/5/2017 16:49

The thing is the results were positive and no cut in divi which is nice.

[younasm] 02/5/2017 16:19

Look at oil price too --- nothing bullish to speak of (in the short term).

[smurfy2001] 02/5/2017 15:06

Was expecting a much higher price for this given the results...

[veryniceperson] 02/5/2017 08:01

Opening price should be interesting. Results not bad considering. Dividend still there, no cut. Happy Days.

[sirhedgealot] 01/5/2017 11:29

Oil find in news. ?

[younasm] 26/4/2017 21:10

Waiting to go short 460 --- could be a long wait at this rate :-(

[ny boy] 26/4/2017 15:45

Breakout, looking good for 500p this year, happy buying these pull backs, better than cash on deposit at el banco.

[alphorn] 26/4/2017 15:43

Nice climb. ;)

[karateboy] 26/4/2017 08:18

If they keep paying the high divi , there should not be any complain from II.