Bp Share Discussion Threads

[smurfy2001] 21/9/2017 16:24

I'm sure the red ticker has.

[optomistic] 21/9/2017 16:18

Every $ on crude puts 'x£' on BP's bottom line. Have you got that figure Skinny?

[optomistic] 21/9/2017 15:28

BP opened strong on the NYSE.

[smurfy2001] 21/9/2017 13:28

Not my best trade ughhh!

[smurfy2001] 19/9/2017 12:56

Sell 8499 @ 4.57049. Total profit a miserable after costs £772 :(



smurfy200116 Aug '17 - 10:09 - 89348 of 89420 1 1 Edit
Buy 8499 @ 4.455 (average inc fees 4.47xx)

[g4ssg] 18/9/2017 09:09

Something will definately have to replace the fuel revenue!

[montyhedge] 18/9/2017 08:11

Wait for the battery tax, then everyone will want petrol and diesel again.

[buywell3] 17/9/2017 19:20

Not many use this charts thread .... shame

For those that do , you can see that BP. chart is like many FTSE 100 charts now starting another leg down

I have just posted some reasons why on BARC thread

buywell FTSE 100 alert issued 7100 coming next week followed by 6750 within 4 weeks as of today


BP. chart support of 420p should IMO be tested in the above timeframe



dyor

[steve73] 17/9/2017 04:42

Most pipeline (indeed most oil infrastructure) have a design life of c. 25 years.. Anything beyond this is a bonus, and can usually only be achieved with regular (and costly) maintenance, and since pipelines cannot easily be inspected over their entire length, then the older they get, the higher the risk of a catastrophic failure.

IIRC they had some pretty serious problems with their Alaskan pipelines a decade or so ago, and especially after Macondo, BP can ill afford another serious environmental problem.

[wolansm] 16/9/2017 12:37

Pipelines do make money, but also cost money to maintain, likely the company seeks additional value elsewhere, like it sold forties and bought into Russia, sounds ok to me

[hellscream] 16/9/2017 04:46

The poor never had it so good, the only austerity is for those with money. fact.

[optomistic] 15/9/2017 10:06

Easily slipped down through the 450 'support'...back into waiting mode again.

[optomistic] 13/9/2017 11:44

Well it's above 450...is it now going to become the support, been a difficult area for some time. Fingers crossed now.

[steve73] 12/9/2017 03:57

Selling off the Crown Jewels or disposing of potential future liabilities...?

I suspect the latter...

[ps0u3165] 11/9/2017 19:14

BP said on Monday that its wholly owned indirect subsidiary BP Midstream Partners LP had filed for an initial public offering (IPO) on the NYSE that is expected to take place in the fourth quarter this year, depending on market conditions.

The proposed maximum aggregate offering price is US$100 million, according to the filing with the SEC.

[grupo] 11/9/2017 17:01

LONDON -- BP PLC is moving forward with plans to float some of its vast network of U.S. pipelines in a move that would spin out cash from the company's infrastructure assets across America.

In a filing with the SEC on Monday, the company's subsidiary BP Midstream Partners LP said it was planning an initial offering on the New York Stock Exchange of up to $100 million. BP had flagged in July that it was considering such a spinoff and said in a news release Monday it expected the IPO to take place in the fourth quarter.

The new entity will be structured as a master limited partnership, or MLP, a tax-advantaged entity that has gained popularity among pipeline operators and other capital-intensive companies.

Though MLPs suffered in the oil price downturn as investors worried about the safety of their steady dividends -- another characteristic of the MLP structure -- they have proved a beneficial way for big energy companies to manage their midstream assets. When Royal Dutch Shell PLC floated its MLP in 2014 it raised nearly $1 billion. Shell Midstream Partners LP has a current market valuation of $4.9 billion.

BP Midstream Partners is expected to have a smaller valuation, said James Milligan, global resource strategist at Olivetree Securities. Its initial assets include pipelines for crude oil, refined products and natural gas.

The move comes as BP re-evaluates its portfolio in the wake of a dramatic slump in oil prices three years ago and as it seeks to raise cash to pay for continuing costs related to the Deepwater Horizon blowout in the Gulf of Mexico in 2010. The company wants to raise as much as $5.5 billion with various divestments this year, but also has been making acquisitions as it looks to grow elsewhere.

Write to Sarah Kent at [e-mail]



(END) Dow Jones Newswires

September 11, 2017 11:25 ET (15:25 GMT)

[bracke] 11/9/2017 14:45

Good day Penycae

All OK with me but I agree that at times it does seem that we appear to be in an Insane World.

You have a couple of shares that have plumbed the depths. I bought a few PFC myself. I thought that when the SFO have done there is a fair probability of a profit. I looked at PEG but thought PFC was a better bet.

[alphorn] 11/9/2017 14:26

Further extended my long position in BP today.

[penycae] 11/9/2017 11:48

Morning bracke. You OK?
Not been doing much with BP. Spending a lot of time and money on PFC, PFG , EZJ and WTB.
The swings there make for an interesting ride. Always think there's a good return here, but you've got to time it right, and buy large amounts to make it worthwhile.

Insane Asylum. I'd give lot to play in a band like that.

Trade well and prosper......

[bracke] 11/9/2017 10:07

Don't know what you mean Penycae.........