Bp Share Discussion Threads

[optomistic] 10/5/2018 08:08

Correct x/d today

[phda] 10/5/2018 08:05

Correct me if im wrong but i presume we're xdiv today

[veryniceperson] 09/5/2018 19:55

Thanks Scooby. How's shaggy.

[scoobydoo99] 09/5/2018 18:14

2010 was last time we were at this price.

[sarkasm] 09/5/2018 17:51

BP’s North Sea sale risks delay as US-Iran sanctions loom

BP
The sale of BP's Rhum field could be delayed by looming US sanctions against Iran Credit: LUKE MACGREGOR

Jillian Ambrose

9 May 2018 • 4:23pm

BP’s bid to sell the North Sea gas field it owns with Iran could face an eleventh hour delay as the threat of US sanctions raises concern for the industry regulator.

The Oil and Gas Authority (OGA) is expected to pause the £300m deal agreed between the oil major and North Sea minnow Serica Energy late last year because the sale includes the Rhum gas field which is part-owned by Iran’s state oil company.

The deal was expected to close within months but the US decision to overturn the Iran nuclear deal and reinstate tough economic sanctions has reignited political concern over the field which was once shuttered for almost three years as a result of previous sanctions.



Industry sources believe the deal will move ahead but it will need a careful diplomatic "workaround" which can only be revived once the full scope of the US sanctions plans are understood.

The OGA said it is "working with government" and will monitor the US crackdown on Iran "carefully".

The field was forced to close following the US-EU sanctions against Iran in 2010 before a thawing of relations and powerful diplomatic lobbying helped secure a waiver to allow the field’s gas flows to restart.

The waiver required a legally complex arrangement to siphon off Iran’s share of the revenue which was earned from the field’s gas into an escrow account.

Industry sources say a similar "workaround" is likely to be agreed for Serica once the full scope of the US sanction plans are understood.

But the OGA, which was established years after this political test-bed, “will be nervous” so the close of the deal may well be delayed, an industry source said.

A source close to Serica said the group is "in regular contact with the OGA" as part of the acquisition and would expect the OGA to be "considerably involved" in plans to maintain production at the field.

"But at this stage it is too early to understand the full impact of the US move," the source added.

Others told The Daily Telegraph that the risk of sanctions is likely to have been held in mind ahead of the deal, which first emerged in The Sunday Telegraph last summer.

Serica agreed to pay just £12.8m upfront for stakes in the Bruce, Keith and Rhumm fields and pay the rest via a share of the field’s proceeds, which eliminated the need for financing from wary banks which have kept their distance from Rhum in the past.

Under the terms of the sales agreement Serica is unable to wriggle out of the deal unless political sanctions, or catastrophic physical damage, halt production from any of the fields.

Serica said it is “carefully evaluating the implications” of the US-Iran fallout and “will update the market, as appropriate, in due course”.

BP said it always takes great care to ensure it adheres to applicable sanctions.

[waldron] 09/5/2018 17:14

Total
52.78 +1.87%


Engie
14.6 -0.82%

Orange
15.225 +0.53%


FTSE 100
7,662.52 +1.28%
Dow Jones
24,363.79 +0.01%




BP
572 +3.92%



Shell A
2,633.5 +3.25%



Shell B
2,722 +3.38%


CAC 40
5,534.63 +0.23%



Brent Crude Oil NYMEX 76.91 +1.21%
Gasoline NYMEX 2.16 +1.06%
Natural Gas NYMEX 2.73 -0.15%

[veryniceperson] 09/5/2018 16:45

This must be on a 5 year high or possibility more than that. I can only get a 3 year high chart guessed the other, I think possibly more. Please someone would love to know.

[badtime] 09/5/2018 15:34

Bought for income ..now sitting in a 20% plus gain ..I hate it when a share does that :)

[bracke] 09/5/2018 13:55

optomistic

The chart looks very good. No sign of a reversal. A retrace is to be expected but it looks good to reach the upper parallel. (top blue line).

The current Iran situation and strong $ working well for the share price

BP. DAILY

[optomistic] 09/5/2018 12:47

Good afternoon bracke, yes I certainly do and looking forward to some more as oil appears to be very firm and maybe more so with Trump's latest move.
Also a potential for a pay out increase after the directors recent comments.
How does it all look to you when you apply your TA expertise?

[bracke] 09/5/2018 12:29

Good day optomistic

You must be thinking your birthday and Christmas have both come at once with the relentless rise.

[waldron] 09/5/2018 12:21

Total
52.3 +0.95%


Engie
14.585 -0.92%

Orange
15.125 -0.13%


FTSE 100
7,601.47 +0.47%
Dow Jones
24,360.21 +0.01%
CAC 40
5,518.17 -0.07%



Brent Crude Oil NYMEX 76.78 +1.04%
Gasoline NYMEX 2.16 +1.09%
Natural Gas NYMEX 2.75 +0.37%




BP
561.9 +2.09%



Shell A
2,603.5 +2.08%



Shell B
2,688.5 +2.11%

[waldron] 09/5/2018 08:51

Total
52.38 +1.10%


Engie
14.585 -0.92%

Orange
15.025 -0.79%


FTSE 100
7,598.05 +0.43%
Dow Jones
24,360.21 +0.01%
CAC 40
5,520.75 -0.02%



Brent Crude Oil NYMEX 76.92 +1.22%
Gasoline NYMEX 2.16 +1.19%
Natural Gas NYMEX 2.74 +0.11%


BP
558.6 +1.49%



Shell A
2,595 +1.74%



Shell B
2,678.5 +1.73%

[optomistic] 09/5/2018 08:05

Nice start to the day +10p
...Brent up 2.2% @ $76.5

[ps0u3165] 09/5/2018 07:16

Iraq has signed an agreement with supermajor BP that would triple the oil production from the Kirkuk oil fields in northern Iraq to more than 1 million bpd, Iraq’s Oil Minister Jabbar al-Luiebi said at the signing on Monday.

[waldron] 08/5/2018 16:58

Total
51.78 -1.76%


Engie
14.72 +0.14%

Orange
15.13 +0.33%


FTSE 100
7,567.96 +0.01%
Dow Jones
24,369.91 +0.05%


Brent Crude Oil NYMEX 74.47 -1.44%
Gasoline NYMEX 2.10 -1.15%
Natural Gas NYMEX 2.71 -0.84%

CAC 40
5,520 -0.21%



BP
550.4 -1.38%



Shell A
2,550.5 -1.07%



Shell B
2,633 -0.85%

[waldron] 08/5/2018 12:50

Total
52.04 -1.27%



Engie
14.62 -0.54%

Orange
15.05 -0.20%



FTSE 100
7,567.98 +0.01%
Dow Jones
24,357.32 +0.00%
CAC 40
5,501.7 -0.54%


Brent Crude Oil NYMEX 75.38 -0.24%
Gasoline NYMEX 2.12 -0.19%
Natural Gas NYMEX 2.76 +0.99%



BP
553.3 -0.86%



Shell A
2,558.5 -0.76%



Shell B
2,642.5 -0.49%

[waldron] 08/5/2018 09:13

Total
52.33 -0.72%


Engie
14.715 +0.10%

Orange
15.115 +0.23%

FTSE 100
7,590.85 +0.31%
Dow Jones
24,357.32 +0.39%
CAC 40
5,523.37 -0.15%

Brent Crude Oil NYMEX 75.48 -0.11%
Gasoline NYMEX 2.12 -0.17%
Natural Gas NYMEX 2.74 +0.18%





BP
558.3 +0.04%



Shell A
2,585 +0.27%



Shell B
2,660.5 +0.19%

[toon1966] 07/5/2018 16:42

Broker Forecast - Goldman Sachs issues a broker note on BP PLC
By BFN News | 08:20 AM | Monday 07 May, 2018

Goldman Sachs today upgrades its investment rating on BP PLC (LON:BP.) to buy (from neutral) and raised its price target to 670p (from 610p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

[auks] 06/5/2018 13:36

https://m.youtube.com/watch?v=5_NbnLKgkKE? How to sign up QQ mail - YouTubY? How to sign up QQ mail - YouTubehttps://m.youtube.com/L?v=5_NbnLKgkKE WAS f?Kaqq How to sign up QQ mail - YouTubeqqQqq QQ qqwQQ qqQqHiq QA a QA q Q QQ q https://goo.gl/search/stocks:QQQA? PowerSharwes a Trust, Series 1 (ETF) (164.87 USD) TO THEWQ

[the grumpy old men] 05/5/2018 19:38

Business

BP buys Irish tech startup Ubiworx as 'smart home' battle hots up

Solar panels
BP's solar power company Lightsource wants to make big moves in the 'smart home' industry Credit: Tom Wang /Alamy

Jillian Ambrose, Energy Editor

5 May 2018 • 7:30pm

BP’s new solar arm is steeling itself to battle global energy and tech giants for a slice of the burgeoning “smart home” market with the acquisition of an Irish tech start-up.

Lightsource BP will buy software developer Ubiworx for an undisclosed figure after two years working alongside the “internet of things” specialist. The acquisition secures the group’s plans to implement a global roll-out of its energy systems following a £150m investment from oil major BP late last year.

The Lightsource system brings together a solar panel, battery and electric vehicle charger to create a digital system which responds on a second-by-second basis to changes in the power market.
EV charge point
Electric vehicle charging could change the way consumers look at their energy use, says Lightsource BP Credit: Peter Byrne/PA



By using artificial intelligence and algorithms, Lightsource customers are always using the cheapest possible power with no upfront technology costs.

The digital energy system is also set to create “virtual power plants” by simultaneously releasing stored power from groups of batteries and vehicles to help National Grid meet customer demand when capacity is in short supply.

Kareen Boutonnat, chief operating officer of Lightsource BP, told The Sunday Telegraph that the UK is at the forefront of regulatory developments which could mean “we are not far off” customers earning money by switching their energy use from the grid to their car and solar batteries when demand is high.

In a major vote of confidence for the booming home energy space, BP bought a 43pc stake in Lightsource late last year for £150m. It was the oil major’s first significant solar power investment since turning its back on the sector in 2011.

“We cannot underestimate the power of the home and its vital role in shaping this new energy future,” Ms Boutonnat said.

Ms Boutonnat added that the electric vehicle market is likely to drive demand for smarter home energy solutions by tripling the energy use of an average household. Many households are still apathetic about their energy use, she said, “but the minute they have an electric vehicle their behaviour changes”.

“This is becoming a very competitive market and a very attractive space,” she said.

The Ubiworx deal will also give Lightsource BP access to systems which are used by large industrial users, opening a wider market to the energy-tech company, she added.

The company struck the deal with Ubiworx amid a rising number of acquisitions in the smart home technology space.

Centrica, the owner of British Gas, said last week it will begin a trial of the blockchain technology company it bought last year.

LO3 Energy systems will be used to create a local energy market in Cornwall, where users can buy and sell energy directly with each other through peer-to-peer trading.

Mark Hanafin, of Centrica, said: “The proliferation of digital technologies is having a significant impact on the energy industry, allowing us to find new and better ways of delivering energy and services to our customers.”

Ms Boutonnat added: “More connected, intelligent, efficient and sustainable energy systems will turn ordinary homes into ‘self-learning smart homes’.”

[the grumpy old men] 05/5/2018 10:01

News ID: 214494
Published: 0658 GMT May 05, 2018
Oil companies ask judge to kill NYC's global warming lawsuit
Oil companies ask judge to kill NYC's global warming lawsuit
LUKE SHARRETT/BLOOMBERG
Five of the world’s biggest oil companies asked a judge to throw out New York City’s lawsuit seeking to hold them responsible for costs related to the environmental changes caused by their products.

BP Plc, Chevron Corp., ConocoPhillips, Exxon Mobil Corp. and Royal Dutch Shell Plc argued that the court lacks the authority to resolve broad policy questions with ‘profound implications for the global economy, international relations and America’s national security’ bloomberg.com reported.

“Plaintiff attempts to use state tort law to regulate the nationwide — indeed, worldwide — activity of companies that play a key role in virtually every sector of the global economy,” the companies said. They urged US District Judge John Keenan, who’s overseeing the case, to follow the example of other judges who have rejected similar suits.

The companies argue that claims involving the effect of greenhouse gases on the environment must be considered under federal, rather than state, law. And federal law doesn’t permit the type of claims New York is pursuing, they said.

New York, the biggest US city, sued the companies in January, claiming they’re the world’s largest public companies contributing to global warming. The city claims the companies have denied the findings of climate-change scientists despite knowing that the use of gas and oil posed ‘grave risk’ to the planet. New York claims the oil companies’ actions constitute a ‘public nuisance’ — an illegal threat to community welfare.

New York City says the companies have contributed to rising sea levels and more frequent extreme weather events, including storms and heat waves that threaten to harm the city and the people who live in it.

“Defendants knowingly and substantially contributed to climate change,” lawyers for the city argued in papers arguing that Keenan should let the case go forward. “They are not exempt from tort law claims requiring them to internalize the environmental costs of their products instead of foisting them onto property owners, local governments, and the public.”

Keenan will consider both sides’ arguments in a June 13 hearing. On May 24, a judge in San Francisco will consider whether to dismiss similar suits filed against the companies by the cities of Oakland and San Francisco.

The case is New York v. BP P.L.C., 18-cv-182, US District Court, southern district of New York (Manhattan).

[the grumpy old men] 05/5/2018 07:22

Stockwatch: Buy or sell BP?

Growth/recovery
Income
Long-term growth
Over-priced?
The big picture

By Edmond Jackson | Fri, 4th May 2018 - 09:43
Share this
Stockwatch: Buy or sell BP?

Should you lock in gains in oil-related stocks after their strong rally over the last month? It's firmly linked to expectations that in a few days, President Trump will withdraw US support for the 2015 "Iran accord" where Iran is allowed to raise oil production so long as it gives up the means to make nuclear weapons.

In recent days, oil prices have spiked as the Israeli Prime Minister alleged clandestine nuclear development, as if to pressure Trump to get tougher. Meanwhile, the United Nations argues the Middle East is in a dangerous position and the deal must be preserved to avert war.

• Stockwatch: This stock is fundamentally cheap

• How energy shares could rally 60%

Oil traders recall the last time sanctions were imposed on Iran it took a million barrels of oil from the world market, forcing up prices as availability fell. The sense is, oil could jump another $5 to $10 a barrel according to what extent of new sanctions, and if tensions continue in the medium term then prices will be supported. It's also said Saudi Arabia wants to see $100 oil while it floats off its state oil company, Saudi Aramco.
Yet BP's FD warns prices are exposed

When interviewed over the Q1 2018 results, BP (BP.)'s chief financial officer Brian Gilvary suggested oil prices have climbed to unsustainable levels and could soon start to fall away from a three-year high.

"Sometimes people forget that actually, it was not that long ago we were down at $28 a barrel... I think oil prices today feel a bit frothy."

He also sees the rally as linked to elevated global demand and a stronger-than-expected alliance for OPEC-led production cuts.

Meanwhile, the economist Roger Bootle has cautioned that oil prices over $70 risk a global slowdown, thereby hurting demand. Producers are due to meet in June to review policy that came into effect in January 2017 and has already been extended to end-2018.

A potentially medium-term supportive element is major oil producing nations reducing output back to a five-year average, possibly mitigating downside on prices from US shale output. Yet oil remains highly sensitive to geopolitics, with Trump's decision now in focus. Does he continue suspending sanctions against Iran in line with the accord, or get tougher?
Coincides with BP's strong results and efficiency

When I drew attention to BP at 460p in mid-March, it offered a base-level 6% yield amid fears that Britain-Russia tensions - originating from the Salisbury poisonings - would result in an asset-grab now a third of BP's production derives from Russia. But frankly, Russia needs the money from its BP alliance, thus "in due course the stock will rise as a 6%-plus is judged unnecessary for the risks".

The price has risen 22% to 460p, but there are profit-takers also, wary how oil has moved up sharply and could correct once the Iranian issue is clarified either way.

After I assessed BP, the city consensus for 2018 pre-tax profit jumped from £9.3 billion to £13.2 billion, also the dividend per share target was marked up from 36.7p to 38.2p in respect of 2018 and 38.5p for 2019, implying a prospective yield of 6.9% with the stock at 550p (or 8.3% if you bought in March.

Even so, the Q1 results surprised on the upside with earnings 17% ahead of consensus: BP making its own luck to capitalise on higher oil prices as a result of strong operational efficiency and project ramp-ups.

Underlying production has enjoyed a sixth consecutive quarter of growth, up 13.8% year-on-year, and lower refining margins were mitigated by cost-cutting. Capital spending is also a bit lower and gearing has kept constant.

Analysts at Barclays reacted: "This is the fifth consecutive quarter that BP has delivered a beat to consensus expectations and highlights to us that the market does not appear to fully reflect the improvement in the portfolio in the estimates as yet... the only slight negative we can see is share buybacks running lately below what's needed to offset scrip dilution. We rate the stock 'overweight' with a 675p target."
BP - financial summary Consensus estimates
year ended 31 Dec 2013 2014 2015 2016 2017 2018 2019

Turnover (£ million) 243,536 215,140 145,891 135,572 171,122
IFRS3 pre-tax profit (£m) 19,412 3,012 6,265 1,700 5,115
Normalised pre-tax profit (£m) 13,988 9,375 -5,364 -3,020 5,860 13,153 13,179
Operating margin (%) 4.9 3.6 -4.2 -2.9 4.7
IFRS3 earnings/share (p) 79.1 12.4 -23.2 0.44 12.2
Normalised earnings/share (p) 50.6 46.8 -18.2 -6.6 23.0 49.5 49.7
Earnings per share growth (%) 35.5 -7.5 115
Price/earnings multiple (x) 37.7 11.1 11.1
Annual average historic P/E (x) 9.5 8.8 53.2 21.9
Cash flow/share (p) 71.6 108 68.3 42.3 -4.8
Capex/share (p) 21.7 68.6 62.8 82.9 82.9
Dividend per share (p) 23.4 23.8 26.4 29.4 39.9 39.2 38.5
Yield (%) 7.4 5.7 5.7
Covered by earnings (x) 0.6 1.3 1.3
Net tangible assets per share (p) 309 277 247 274 253

Source: Company REFS Past performance is not a guide to future performance

Does that make BP a robust momentum play?

Such dynamics, if coinciding with broadly supportive oil prices for the medium term, argue for BP as a strong hold, or buy-the-dips say if oil prices correct after Trump makes his decision and/or the finance chief's wariness about froth is borne out.

Experienced traders of oil-related stocks know that however good are company fundamentals, in the short to medium term you often need oil prices working in your favour. Besides scope for the Iran story to end up in profit-taking, sentiment could turn on a perceived wobble in global growth. Were that to happen, a market shift could get accentuated given the extent of leveraged trading by hedge funds, e.g. as those late to the party get stopped out by losses.

Lakshman Achuthan of the Economic Cycles Research Institute reckons global growth has rolled over; that quarterly GDP in the US, Eurozone and Japan peaked in mid-2017 then fell in Q4, contradicting consensus how 2018 is set to be a strong year.

That may only be a couple of quarters, but the early 2018 data makes Q1 look lower still, so it's important to be aware of another potential scenario than robust growth and strong oil.
Tactical trading

Long-term investors have comfort that BP's high dividend yield should limit downside if oil prices fall; but if you hold lower/no yield exploration & production stocks, they would be prone to volatility, i.e. consider trimming gains.

Services' shares also tend to be sensitive, linked not just to sentiment but firms' underlying demand for work which can alter within weeks of oil price changes.

In drawing attention to Petrofac (PFC) at 454p last December, like BP it was backed by a high yield of 6.4%, and covered at least twice by earnings, possibly more by cash flow. This is a special situation in oil-related services: a Serious Fraud Office investigation into the Unaoil bribery scandal affecting various service firms; which had depressed Petrofac shares especially; yet announcements have shown clients are not put off (renewing) contracts.

As things stand, therefore, I'd be a content if wary holder of such stocks, minding how things can easily change against expectations in oil markets.
Swelling US crude inventories

Looking forward, oil prices are a tussle between hopes of maintaining compliance with the OPEC cap, thus a perceived $70 support level, and US shale producers testing the cartel's domination.

A latest US Energy Information Administration (EIA) report shows US crude inventories rising to a 2018 high during the week to 27 April, much larger than expected. US oil production is also up to a record 10.62 million barrels per day, more than a quarter since mid-2016.

This puts the US just behind Russia but ahead of Saudi Arabia, effectively incentivised to raise production as OPEC limits its output and raises prices. It's a potential spoiler to bear in mind despite OPEC looking on course to maintain broadly stable output.

So, consider taking profits where oil-related equities are exposed to low/no dividend, and be steeled for the likes of BP and Petrofac to turn volatile. Hold.

These articles are provided for information purposes only. Occasionally, an opinion about whether to buy or sell a specific investment may be provided by third parties. The content is not intended to be a personal recommendation, and is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.

Full performance can be found on the company or index summary page on the interactive investor website. Simply click on the company's or index name highlighted in the article.