Bp Share Discussion Threads

[smurfy2001] 04/8/2017 17:39

470p soon one hopes ;)

Slowly but surely by the time we go ex-dividend ;)

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Bob Dudley, BP chief executive, told the Financial Times that his company’s commitment to the North Sea remained “rock solid” and highlighted the group’s plan to double its UK offshore production to 200,000 barrels per day by 2020.

[hellscream] 04/8/2017 17:20

slow and steady on the up :), wish we could do an hsbc and double to £8

[skinny] 02/8/2017 11:06

Goldman Sachs Neutral 451.33 480.00 480.00 Reiterates

[smurfy2001] 01/8/2017 14:07

He certainly has time to red tick everyone instead of trading and making money like myself.

[bigdazzler] 01/8/2017 13:59

The blue red ticker poster is having a mare and suffering big style.

You can feel their pain. Big losses for them, chuckle chuckle.

[bigdazzler] 01/8/2017 10:56

bigdazzler28 Jul '17 - 14:08 - 89304 of 89321 0 1 Edit
Tentative long in Bp today as around support zone.


Boom that paid off rather well. Hope the red ticker is suffering losses haha.

[alphorn] 01/8/2017 10:33

Happy to stay long here. ;)

[penycae] 01/8/2017 10:31

Morning all!

Now there's something you don't see every day!

Trade well and prosper Earthlings......

[smurfy2001] 01/8/2017 09:09

Still targeting 470p for my open position but l think that should be no problem as performance in future quarters should be healthier.

[strutt12] 01/8/2017 08:57

That's my 460p ;-)

[smurfy2001] 01/8/2017 08:42

“Cash flow was strong in the first half — organic cash flow exceeded organic capital expenditure and dividends paid,” chief financial officer Brian Gilvary said in the statement. “While net debt rose primarily due to Gulf of Mexico payments, we expect this will improve over the second half as these payments decline and divestment proceeds come in towards the end of the year.”

BP estimates it will pay $4.5bn to $5.5bn for the Gulf of Mexico accident this year. Of that, it paid $4.2bn in the first half. The company has said asset sales will cover the cost of the penalties.

Profit in the upstream, or exploration and production business, totaled $710m, up from $29m a year earlier. The downstream division, which includes refining, marketing and trading, posted income of $1.41bn, down from $1.51bn a year earlier.

[smurfy2001] 01/8/2017 08:06

Closed CFD @ 456.50. One position remains open.

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smurfy2001 - 24 Jul 2017 - 12:50:13 - 89294 of 89313
Picked up a CFD 5000 @ 441.45. This is separate to my previous holding. Still targeting 470. There may be further downside though before that happens.

[longwell] 01/8/2017 07:53

oil rising, good results, maintained dividend, good prospects of slow move north.

[skinny] 01/8/2017 07:46

Highlights

Solid first half; strong operations, strong cash flow.

· Underlying replacement cost (RC) profit* for the second quarter was $0.7 billion.
· Second-quarter operating cash flow, excluding Gulf of Mexico oil spill payments*, was $6.9 billion. Including these payments, operating cash flow* for the quarter was $4.9 billion.
· Dividend unchanged at 10 cents per share.
· Second-quarter Upstream production was 10% higher than in the same period in 2016; first-half production was 6% higher.
· Upstream major projects on track; two new projects sanctioned in quarter; significant gas discoveries in Senegal and Trinidad announced; $753 million exploration write-off, predominantly in Angola.
· In Downstream, first-half fuels marketing earnings around 20% higher than in the first half of 2016.

more.....

[optomistic] 31/7/2017 19:08

Nearly got to 450....will it make it tomorrow?

[toon1966] 30/7/2017 08:11

Please see article published in Telegraph on 29 July
.... I was aware of the £750M writedown. Can their underlying profit statement of £500M be believed?