Bp Share Discussion Threads

[optomistic] 02/3/2018 13:55

Maybe he and his pooch are lost in the hills :-(

[ladywormer] 02/3/2018 13:51

Does anyone know where Penycae is lurking. I miss his posts. We didn't even get a St David's day greeting.

[w1ndjammer] 02/3/2018 10:31

i already own a nice wedge of these but if we go down to support
at 440 i might move half of my Centrica across. I like getting the quarterly divi

WJ.

[optomistic] 02/3/2018 10:03

At today's price BP yielding approx 7% ...should be getting some support from that.

[optomistic] 02/3/2018 08:56

Down again, I would have thought that as BP is a gas producer the share price would be firm to strong right now! a bit like Centrica...selling gas and the share price atays where it is. All takes a bit of working out.

[pete123456] 01/3/2018 16:43

Can anyone tell me why oil and gas prices fall when Europe is having coldest spell for 10 years and the bbc are saying that there is a gas shortage ?

[alphorn] 01/3/2018 10:27

Added to long position again this morning.

[anony mous] 01/3/2018 08:48

Alot of strength in this area 4.80.Looks like a curve back up over 5 quid.

[ariane] 28/2/2018 17:10

BP plc and this growth monster could make you stunningly rich

Harvey Jones | Wednesday, 28th February, 2018 | More on: BP WEIR
Image source: Getty Images.

I have kept one eye open for Glasgow-based hydraulic pump maker Weir Group (LSE: WEIR) ever since I almost bought it five years ago, and it has endured a bumpy ride since then. However, it is rising today, the share price up 2% on publication of its full-year results for the year ended 31 December.
Weir strong

The results are headlined “Delivering strong growth and strategic progress” and included a 20% rise in group orders as demand for its technology and services increased in its main markets. Profits before tax rose 47%, driven by excellent growth and operational leverage from oil and gas.

Weir is benefitting from the oil price resurgence and increased activity in US shale, which has boosted demand for its drilling and fracking equipment. Oil and gas orders increased 67% last year, with North American upstream increasing a whopping 82%. Return on capital employed increased 290 basis points.
Digging deep

Investors will also have been buoyed by this line from CEO Jon Stanton: “Looking to 2018, assuming market conditions remain supportive and despite anticipated foreign exchange headwinds, we expect to deliver strong revenue and profit growth and further balance sheet deleveraging.“

Stanton said the industrials group has worked closely with customers to identify opportunities to increase their productivity and invested early to take full advantage of improving conditions. This drove order momentum in its minerals operation, which delivered consistent growth in its high-margin, cash-generative after-market, and positioned it decisively for the anticipated upturn in the mining capital cycle. Its oil & gas operation took full advantage of improving markets in North America.

The £4.57bn company’s forward valuation of 16.9 times earnings now looks relatively undemanding, given today’s success, while its PEG is just 0.4. City analysts are pencilling in 39% earnings per share (EPS) growth for 2018, and 15% in 2019. Current yield is 2.4%, covered a healthy 2.5 times. My Foolish colleague Peter Stephens reckons it is a buy. Nothing more to add except a cheery: Here Weir go.
Buy BP

Oil and gas giant BP (LSE: BP) has also had a bumpy few years due to the fluctuating oil price, although it has also suffered a few embarrassing personal problems. The share price is slowly getting out of deep water, even if the last month has been bumpy. Brent crude at $70 a barrel was a turbocharger, although it may get little further support from that corner as energy prices slip.

RBC Capital Markets still reckons BP is set to outperform after the last year of transition, due to its growing upstream base and favourable dynamics in the downstream, the latter of which “may be under-appreciated by the market”.
$30 oil

My Foolish colleague Rupert Hargreaves is more than appreciative, recently naming BP the buy of the decade. With management driving down its break-even point to $47 per barrel last year and targeting somewhere in the $30s, BP could continue to pump out the profits even if the oil price plunges again.

The £95bn energy behemoth trades at a forecast valuation of just 15.1 times earnings, good for a company with such major prospects. Its EPS are forecast to rise a whopping 156% this year. The yield is 6.1%. If BP is not in your portfolio, you must really hate oil companies.

We reckon we could just have an even more exciting growth prospect for you right here.

This mid-cap company has been turning on the style lately and one of the Motley Fool's top analysts reckons it is the latest British brand with the potential to go global.

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Harvey Jones has no position in any of the shares mentioned. The Motley Fool UK has recommended BP and Weir. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

[datait] 28/2/2018 10:17

EDL about to zip up get in quick

[grupo] 27/2/2018 11:36

Should BP’s Peak Oil Forecast Concern Investors?

By Robert Rapier on February 27, 2018

Last week BP (NYSE: BP) released its 2018 Energy Outlook (EO). The EO projects future energy trends under a number of different scenarios.
BP Warns of Peak Oil Demand

One scenario, in particular, got a lot of media attention. That was the company’s forecast for the impact of electric vehicles (EVs) on oil demand:

BP sharply raised its forecast for EVs in the ET scenario to nearly 190 million by 2035, versus 100 million in last year’s report. This helped shift the company’s forecast for peak oil demand from the mid-2040s in last year’s EO to the mid-2030s in this year’s report.

For oil companies, future oil demand is of utmost importance. Remember that when coal demand fell in recent years, investors in coal companies got burned as many coal companies saw their market caps evaporate.

Some analysts have warned that the same thing will happen with oil companies. I would argue that such concerns are one factor helping to weigh down oil prices.
Garbage In, Garbage Out

The timing of peak oil demand is important, but we have to take these forecasts with a grain of salt. For example, two years ago Bloomberg suggested that at a continued annual growth rate of 60%, electric vehicles could displace two million BPD of oil by 2023 — marking the beginning of a permanent decline in oil demand. It was then widely reported in the media that peak oil demand could occur early in the next decade.

But the Bloomberg scenario ignored the sharp upward growth trajectory that oil has experienced for many years. This resulted in the assumption that in 2023 the displacement would take place from 2016 demand levels.

In other words, if 2016 demand was 95 million BPD, the Bloomberg scenario presumed 2023 demand at 93 million BPD and falling. But oil demand is growing at more than a million BPD every year, which would mean the baseline could be 102 million BPD in 2023.

So, instead of Bloomberg’s scenario of 2023 oil demand being 93 BPD, it might be five million BPD higher than 2016 demand (instead of seven million BPD higher). Notably, oil demand today is two million BPD higher than it was when Bloomberg made its forecast in February 2016.
The World Still Needs a Lot of Oil

But here is the bottom line from the latest BP projections. If oil demand doesn’t peak until 2035, the world is going to continue to need a lot of oil in the years ahead. In fact, lost in the headlines about peak oil demand was this comment from BP’s Chief Economist Spencer Dale:

“The suggestion that rapid growth in electric cars will cause oil demand to collapse just isn’t supported by the basic numbers, even with really rapid growth.”

It’s important to “do the math.”

Investors who continue to focus on quality oil companies needn’t fear projections of peak oil demand. Companies that generate positive free cash flow, while funding capital expenditures and dividends should be near the top of your wish list. Over time these companies’ business models may change in response to changing oil demand, but BP reckons that’s still nearly 20 years out on the horizon.

[waldron] 26/2/2018 19:43

RIL, BP get panel nod for $4-billion investment in KG Basin: DGH
ET Bureau|
Feb 26, 2018, 11.37 PM IST
2
2Comments

Read more at:
//economictimes.indiatimes.com/articleshow/63086048.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

[nw99] 26/2/2018 13:41

Bought in on back of the Nice chart support here

[grupo] 26/2/2018 11:16

BP upgraded as RBC eyes improving cash flows
10:37 26 Feb 2018
“We look to 2018 for continued earnings momentum, both in the upstream and downstream, and more importantly we expect cash conversion to improve this year.”
oil and gas operations
RBC raises BP to ‘outperform217; with a new target price of 570p

Growing production volumes and better market conditions mean BP Plc’s (LON:BP) asset base will throw off more cash in 2018, that’s the view of RBC Capital analyst Biraj Borkhataria who has today upgraded the oil ‘supermajor217;.

The Canadian bank raises BP to ‘outperform217; and lifted its price target to 570p from 550p - the new marker suggests some 19% upside to the current price of 479.65p.

In a note, the RBC analyst said: “2017 was a transition year for BP, with a number of major projects in final execution stages and still a significant Macondo burden (c$5.3bn).

“We look to 2018 for continued earnings momentum, both in the upstream and downstream, and more importantly we expect cash conversion to improve this year.”

Confidence in BP’s cashflow in effect means there’s confidence in the oil firm’s cherished dividend.

“BP trades on an approximate 6.1% dividend yield, which we see as well covered on an organic basis between US$50-55/bbl,” Borkhataria added.

“We expect improving earnings and cash generation to show through in early 2018 as BP captures higher commodity prices and widening crude spreads.”

RBC’s also upgraded its cash flow estimate for this year by 4%.

[grupo] 26/2/2018 10:23

RBC CAPITAL RAISES BP TO 'OUTPERFORM' ('SECTOR PERFORM') - PRICE TARGET 570 (550) PENCE

[la forge] 24/2/2018 11:35

BP Sees Peak Oil Demand In 2030s
By Nick Cunningham - Feb 23, 2018, 11:59 PM CST BP

BP says oil demand will peak in the 2030s, and that EVs will rise 100-fold to capture about a third of the car market.

BP released its annual Energy Outlook, with forecasts through 2040. Unlike in years past, this version sees more upheaval on the horizon as the energy landscape evolves rapidly. “Indeed, the continuing rapid growth of renewables is leading to the most diversified fuel mix ever seen,” BP CEO Bob Dudley said in a statement. “Abundant and diversified energy supplies will make for a challenging marketplace. Don’t be fooled by the recent firming in oil prices: the focus on efficiency, reliability and capital discipline is here to stay.”

BP believes that just about all of the growth in energy demand will come from fast-growing developing economies, with China and India alone accounting for half of the total growth in global energy demand through 2040.

BP offered several different forecasts, but all predict a peak in oil demand in the 2030s, with varying degrees of decline thereafter. Its central forecast sees peak oil demand in the mid-2030s at about 110 million barrels per day (mb/d), with consumption plateauing and declining through 2040 and beyond. In other words, demand grows for another two decades, rising by 15 mb/d, before consumption tops out.

BP sees the number of EVs on the road surging to 320 million by 2040, capturing about a third of the market in terms of miles traveled. That equates roughly to a 100-fold increase from the 3 million EVs on the road today. It is also sharply up from the 100 million EVs BP expected to be on the road in 2035 in last year’s Energy Outlook.

Yet, it doesn’t equate to the total EV revolution that many hope to see. In fact, BP still sees carbon emissions rising by 10 percent through 2040, a scenario incompatible with what scientists say are needed to hit climate targets. And in BP’s most aggressive scenario for EVs in which many more governments follow in the footsteps of France and the UK and put in place a ban on gasoline and diesel vehicles by 2040, BP still only sees EVs eliminating about 10 mb/d worth of demand, which would be about 10 percent of the current market. “It’s a big number,” BP’s chief economist Spencer Dale says, but “even in that scenario, oil demand in 2040 is still higher than it is today.” BP says carbon pricing is needed to drive down emissions.

Dale argues that cars will be used more in the future, traveling longer distances, but that autonomous vehicles, electricity and efficiency will offset the increase in oil consumption from more vehicles on the road. “The suggestion that rapid growth in electric cars will cause oil demand to collapse just isn’t supported by the basic numbers — even with really rapid growth,” Dale said, according to the FT.

Dale predicts the average EV in the future will be used to travel about two and a half times more than the current internal combustion vehicle. “What we expect to see in the 2030s is a huge growth in shared mobility autonomous cars...Once you don’t have to pay for a driver, the cost of taking one of those share mobility fleets services will fall by about 40 or 50 percent,” Dale told reporters. The upshot is that demand for crude oil used in cars remains largely flat at 18.6 mb/d in 2040, down just a hair from 18.7 mb/d in 2016.

Another interesting prediction was the expected impact of regulations on plastics. BP sees taxes and regulations on things like plastic bags will help eat into crude oil demand by about 2 mb/d. Still, petrochemicals grow in importance over time, taking a greater share of the demand pie as EVs keep demand flat in transportation.

Related: Brazil’s Coming Oil Boom Will Weigh On Oil Prices

The opinions of other oil majors vary on this hotly contested subject. Officials from Royal Dutch Shell have said that a peak could come as soon as 2025, whereas ExxonMobil and Chevron see demand rising steadily for the foreseeable future, with no peak in sight.

In that sense, there is a bit of difference between the European and American oil majors. Shell, BP and Total have begun stepping up their investments into natural gas, utilities and renewable energy. Royal Dutch Shell recently bought First Utility, a UK-based utility. It also purchased a U.S. solar company last month. Total purchased SunPower years ago and is now looking to building up generating assets in France to rival incumbents. BP recently announced plans to jump back into the solar sector after pulling out years ago.

To be sure, these are marginal forays into clean energy; the majors are still overwhelmingly invested in oil and gas, and will continue to be for years. Yet, they mark a small but significant pivot away from oil.

“The outlook here shows that the world is going to need all forms of energy,” BP Chief Executive Bob Dudley said at a news conference Tuesday, according to the WSJ. “Gas has to be part of the transition, if not a destination fuel” for lowering carbon emissions.

By Nick Cunningham of Oilprice.com

[linton5] 23/2/2018 19:57

Looks like that fi the fields o fife pal

[scottishfield] 23/2/2018 17:49

Maybe turning up at this point.