Bp Share Discussion Threads

[brahmsnliszt] 10/7/2018 09:18

Well established WTI trend certainly helping


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[skinny] 10/7/2018 09:15

RBC Capital Markets Top pick 589.55 600.00 675.00 Upgrades

[grupo] 10/7/2018 08:28

MASTERINVESTOR


Why BP and Shell could provide sound income returns
By Robert Stephens, CFA 10 July 2018
2 mins. to read
Why BP and Shell could provide sound income returns
JuliusKielaitis / Shutterstock.com

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The oil and gas sector has experienced a stunning turnaround in the last year. Boosted by a 50% rise in the oil price, companies across the industry are experiencing profit growth. In many cases, this is leading to increased investment in their operations. And for investors, it could mean that the dividends on offer across the industry become more sustainable over the medium term.

Even though investor sentiment has improved significantly in recent months, FTSE 100 oil majors such as BP (LON:BP) and Shell (LON:RDSB) continue to offer 5%+ dividend yields. As a result, their income potential could be higher than many of their index peers.
Oil price potential

In 2018 and 2019, demand growth for oil is expected to be relatively stable. It is forecast to rise at 1.4 mb/d (millions of barrels per day) due in part to a solid economic background. While non-OPEC supply is forecast to grow at 2 mb/d in 2018, the prospects for OPEC producers are less clear. US sanctions against Iran are expected to come into play in the latter part of the year. They have the potential to reduce production by between 0.5 mb/d and 2.5 mb/d according to various estimates.

The final figure may depend on how stringent the US government is on compliance. At the moment, it is suggesting that there will be few concessions, and countries such as South Korea and Japan look set to comply. As a result, there could be supply disruptions in the coming months, which could cause the price of oil to rise yet further.
Dividend growth

A higher oil price would clearly be positive news for oil and gas producers such as BP and Shell. Both companies have seen market forecasts for their EPS in 2018 and 2019 increase in recent months. Dividends at both companies are now expected to be adequately covered by profit over that time period, with BP’s shareholder payments forecast to be covered 1.35x by earnings and Shell’s due to be covered 1.5x.

If the oil price remains stable or even increases over the medium term, it would be unsurprising if the two companies increased dividends per share. They both prioritised dividend payments during the difficult period for the industry in recent years, and it would therefore seem natural for them to maintain this stance in future.
Improving outlooks

BP’s recent update showed that it continues to ramp-up its major projects. This led to a 6% increase in production in the most recent quarter, with Upstream reporting its strongest quarter since 2014. It also took final decisions on four new projects, which suggests the company is investing for future growth. Likewise, Shell is continuing to make progress with its $30 billion divestment programme. It expects free cash flow to improve over the medium term, with more focused capital discipline set to complement higher oil prices.

Although the two stocks may lack the stability of other high-yield shares, their commitment to maintaining dividends during tough market conditions indicates they may offer stronger income prospects than expected. With the oil price having the potential to rise and their dividend sustainability appearing to be high, they could deliver impressive income investing performance.

[waldron] 09/7/2018 17:29

Total
54 +1.29%


Engie
13.51 -0.55%

Orange
14.895 +0.24%

FTSE 100
7,687.99 +0.92%
Dow Jones
24,736.7 +1.15%
CAC 40
5,398.11 +0.42%


Brent Crude Oil NYMEX 77.85 +0.99%
Gasoline NYMEX 2.14 +1.38%
Natural Gas NYMEX 2.82 -1.05%



BP
584.6 +0.95%


Shell A
2,664.5 +1.78%


Shell B
2,756 +2.13%

[abbotslynn] 09/7/2018 12:11

Your right divi is orfull


Better to have a tiger in your tank

[waldron] 06/7/2018 18:12

Total
53.31 -0.76%

Engie
13.585 +0.44%

Orange
14.86 +0.27%

FTSE 100
7,617.7 +0.19%
Dow Jones
24,506.36 +0.61%
CAC 40
5,375.77 +0.18%


Brent Crude Oil NYMEX 77.24 -0.41%
Gasoline NYMEX 2.12 -0.77%
Natural Gas NYMEX 2.85 +0.78%


BP
579.1 -0.58%


Shell A
2,618 +0.04%



Shell B
2,698.5 +0.30%

[waldron] 06/7/2018 18:12

Total
53.31 -0.76%

Engie
13.585 +0.44%

Orange
14.86 +0.27%

FTSE 100
7,617.7 +0.19%
Dow Jones
24,506.36 +0.61%
CAC 40
5,375.77 +0.18%


Brent Crude Oil NYMEX 77.24 -0.41%
Gasoline NYMEX 2.12 -0.77%
Natural Gas NYMEX 2.85 +0.78%


BP
579.1 -0.58%


Shell A
2,618 +0.04%



Shell B
2,698.5 +0.30%

[waldron] 06/7/2018 18:12

Total
53.31 -0.76%

Engie
13.585 +0.44%

Orange
14.86 +0.27%

FTSE 100
7,617.7 +0.19%
Dow Jones
24,506.36 +0.61%
CAC 40
5,375.77 +0.18%


Brent Crude Oil NYMEX 77.24 -0.41%
Gasoline NYMEX 2.12 -0.77%
Natural Gas NYMEX 2.85 +0.78%


BP
579.1 -0.58%


Shell A
2,618 +0.04%



Shell B
2,698.5 +0.30%

[tewkesbury] 06/7/2018 10:16

Petro Matad (MATD)

Fully funded six well high impact drilling program in Mongolia, total prospective resources targeted 850 MMBO, ranging from near field E&A to basin opener potential:

1) Snow Leopard-1 well (Block V)
- Spud week commencing 9 Jul 2018.
- Targeting 90 MMBO, drill to depth of circa 3,350 metres, 70 days to complete.

2) Wild Horse-1 (Block IV)
- Spud Sep 2018, complete Nov 2018.
- Targeting 480 MMBO.
- Named by Wood Mackenzie as one of the top 20 exploration wells worldwide to watch in 2018.

3) Block XX
- Near field Gazelle prospect targeting 13MMbo & rapid commercialization.
- Spud 1st well Q4 2018, immediately followed by 2nd well.

- New Red Deer prospect, 48MMbo in a basin analogous to nearby producing basins in Mongolia + northern China, within easy reach of existing infrastructure.
- Spud H1 2019.

4) Fox-1 (Block V)
- Spud early Q2 2019.
- Mean prospective resource 200 MMBO. High-quality 3D seismic late 2017.

5) Management hosting a presentation for investors in week commencing 9 Jul 2018.

(Country already produces 21,000 BOPD (2017) from fields close to Chinese border, including from Blocks XIX + XXI adjacent to Petro Matad’s Block XX. Very attractive fiscal terms).

[waldron] 05/7/2018 18:55

Total
53.72 +1.44%

Engie
13.525 +0.93%

Orange
14.82 +0.61%

FTSE 100
7,603.22 +0.40%
Dow Jones
24,331.19 +0.65%
CAC 40
5,366.32 +0.86%


Brent Crude Oil NYMEX 78.15 -0.10%
Gasoline NYMEX 2.14 +0.51%
Natural Gas NYMEX 2.85 +0.42%


BP
582.5 +0.43%


Shell A
2,617 +0.75%


Shell B
2,690.5 +0.99%

[abbotslynn] 05/7/2018 17:07

Filled up again yesterdayDividend very good too

[tewkesbury] 05/7/2018 08:43

Petro Matad (MATD)

Six well high impact drilling program in Mongolia, total prospective resources targeted 850 MMBO, ranging from near field E&A to basin opener potential:

1) Snow Leopard-1 well (Block V)
- Spud week commencing 9 Jul 2018.
- Targeting 90 MMBO, drill to depth of circa 3,350 metres, 70 days to complete.

2) Wild Horse-1 (Block IV)
- Spud Sep 2018, complete Nov 2018.
- Targeting 480 MMBO.
- Named by Wood Mackenzie as one of the top 20 exploration wells worldwide to watch in 2018.

3) Block XX
- Near field Gazelle prospect targeting 13MMbo & rapid commercialization.
- Spud 1st well Q4 2018, immediately followed by 2nd well.

- New Red Deer prospect, 48MMbo in a basin analogous to nearby producing basins in Mongolia + northern China, within easy reach of existing infrastructure.
- Spud H1 2019.

4) Fox-1 (Block V)
- Spud early Q2 2019.
- Mean prospective resource 200 MMBO. High-quality 3D seismic late 2017.

5) Management hosting a presentation for investors in week commencing 9 Jul 2018.

(Country already produces 21,000 BOPD (2017) from fields close to Chinese border, including from Blocks XIX + XXI adjacent to Petro Matad’s Block XX. Very attractive fiscal terms).

[waldron] 04/7/2018 19:40

Total
52.96 +0.44%

Engie
13.4 +0.22%

Orange
14.73 +2.22%

TSE 100
7,573.09 -0.27%
Dow Jones
24,174.82 -0.54%
CAC 40
5,320.5 +0.07%

Brent Crude Oil NYMEX 78.23 +0.45%
Gasoline NYMEX 2.13 +0.33%
Natural Gas NYMEX 2.84 -0.66%


BP
580 -0.24%


Shell A
2,597.5 -0.50%


Shell B
2,664 -0.93%

as expected a quiet 4th july with no fireworks to write home about

[florenceorbis] 04/7/2018 07:54

Agreement with ConocoPhillips
BP ‘significantly’ raises stake in key North Sea oil field
Terry Murden, Editor | July 4, 2018

BP rig pic from company

North Sea: great potential



BP is significantly increasing its holding in one of the North Sea’s biggest oilfields in a sign of continued confidence in the region.

The company is acquiring from ConocoPhillips a 16.5% interest in the BP-operated Clair field. It is also selling its non-operating interest in the Kuparuk and satellite oilfields in Alaska.

The transaction takes BPs stake in Clair field, west of Shetland, to 45.1% and leaves ConocoPhillips with a 7.5% interest.

Separately BP has entered into agreements to sell to ConocoPhillips BP’s entire 39.2% interest in the Greater Kuparuk Area on the North Slope of Alaska as well as BP’s holding in the Kuparuk Transportation Company.

Details of the transactions are not being disclosed but are expected to be cash neutral for BP and ConocoPhillips.

BP Upstream chief executive Bernard Looney, said: “This is a further step in focusing our portfolio around core assets and developments which have the potential for significant growth.




“Clair is a key advantaged oilfield for our North Sea business, a giant resource whose second phase is about to begin production and which holds great potential for future developments.

“In Alaska, this transaction will increase our focus on managing our deep resource base at the massive Prudhoe Bay oilfield and help enable a more competitive and sustainable business for BP.”

The giant Clair field west of Shetland, 47 miles (75 kilometres) west of Shetland, was discovered in 1977. The field had more than 7 billion barrels of hydrocarbons estimated originally in place but held in a highly complex and fractured reservoir. .

The field is operated by BP which currently holds a 28.6% interest. Production from Clair’s first phase of development began in 2005 and the field produced an average of 21,000 barrels of oil equivalent a day (boed) in 2017.

A major second development phase, Clair Ridge, is expected to start production later this year with production capacity of 120,000 boed. Appraisal has also identified potential for future stages of development of Clair.

[waldron] 03/7/2018 20:21

Total
52.73 +0.90%

Engie
13.37 +1.67%

Orange
14.41 +1.16%

FTSE 100
7,593.29 +0.60%
Dow Jones
24,174.82 -0.54%
CAC 40
5,316.77 +0.76%


Brent Crude Oil NYMEX 77.62 +0.28%
Gasoline NYMEX 2.11 +0.25%
Natural Gas NYMEX 2.86 -0.03%



BP
581.4 +1.43%

Shell A
2,610.5 +0.54%

Shell B
2,689 +0.60%

[moneytree1] 03/7/2018 09:32

xXTiPSXHEETSXx

[waldron] 02/7/2018 22:29

BP Starts Up $28 Billion Shah Deniz 2 Gas Project
By Tsvetana Paraskova - Jul 02, 2018, 3:00 PM CDT flare

BP and its partners have started up the US$28-billion Shah Deniz 2 gas development in Azerbaijan which is the starting point of the Southern Gas Corridor for gas supplies into Europe and which is expected to reduce European dependence on Russian gas.

The Southern Gas Corridor consists of several separate energy projects with a total investment of around US$40 billion. Apart from the Shah Deniz 2 development, the Corridor will include three pipelines—the South Caucasus Pipeline (SCPX) to Azerbaijan and Georgia; the Trans Anatolian Pipeline (TANAP) to Turkey; and the Trans Adriatic Pipeline (TAP) planned to cross Greece, Albania, and end up in Italy.

From the South Caucasus pipeline, gas will be transported across Turkey through the new Trans-Anatolian Pipeline (TANAP), and, when complete, TAP will then supply gas as far as Greece, Albania, and Italy. Commercial deliveries to Europe are expected to begin in 2020, delivering natural gas from the Caspian Sea direct to European markets, BP said in a statement today.

Shah Deniz, in the Caspian Sea offshore Azerbaijan, is the largest gas discovery ever made by BP, in 1999. The first phase of field development, Shah Deniz 1, started gas production in 2006 and currently supplies gas to Azerbaijan, Georgia, and Turkey.

Related: Stranded BP Cargoes: A Red Flag For Chinese Oil Demand?

BP is the operator of the Shah Deniz consortium with a 28.8-percent stake, TPAO has 19 percent, Petronas 15.5 percent, AzSD 10.0 percent, SGC Upstream 6.7 percent, Lukoil 10 percent, and NICO another 10 percent.

“Together with the Southern Gas Corridor pipeline system, Shah Deniz 2 will deliver significant new energy supplies to Europe, further diversifying its sources of energy and providing new supplies of natural gas which will be essential in the energy transition,” BP group chief executive Bob Dudley said.

“As our largest start-up for the year, Shah Deniz 2 is also a very important milestone in delivering our plans for growth, including from our pipeline of new higher-margin projects,” said Bernard Looney, BP’s chief executive, Upstream.

By Tsvetana Paraskova for Oilprice.com

[waldron] 02/7/2018 22:29

BP Starts Up $28 Billion Shah Deniz 2 Gas Project
By Tsvetana Paraskova - Jul 02, 2018, 3:00 PM CDT flare

BP and its partners have started up the US$28-billion Shah Deniz 2 gas development in Azerbaijan which is the starting point of the Southern Gas Corridor for gas supplies into Europe and which is expected to reduce European dependence on Russian gas.

The Southern Gas Corridor consists of several separate energy projects with a total investment of around US$40 billion. Apart from the Shah Deniz 2 development, the Corridor will include three pipelines—the South Caucasus Pipeline (SCPX) to Azerbaijan and Georgia; the Trans Anatolian Pipeline (TANAP) to Turkey; and the Trans Adriatic Pipeline (TAP) planned to cross Greece, Albania, and end up in Italy.

From the South Caucasus pipeline, gas will be transported across Turkey through the new Trans-Anatolian Pipeline (TANAP), and, when complete, TAP will then supply gas as far as Greece, Albania, and Italy. Commercial deliveries to Europe are expected to begin in 2020, delivering natural gas from the Caspian Sea direct to European markets, BP said in a statement today.

Shah Deniz, in the Caspian Sea offshore Azerbaijan, is the largest gas discovery ever made by BP, in 1999. The first phase of field development, Shah Deniz 1, started gas production in 2006 and currently supplies gas to Azerbaijan, Georgia, and Turkey.

Related: Stranded BP Cargoes: A Red Flag For Chinese Oil Demand?

BP is the operator of the Shah Deniz consortium with a 28.8-percent stake, TPAO has 19 percent, Petronas 15.5 percent, AzSD 10.0 percent, SGC Upstream 6.7 percent, Lukoil 10 percent, and NICO another 10 percent.

“Together with the Southern Gas Corridor pipeline system, Shah Deniz 2 will deliver significant new energy supplies to Europe, further diversifying its sources of energy and providing new supplies of natural gas which will be essential in the energy transition,” BP group chief executive Bob Dudley said.

“As our largest start-up for the year, Shah Deniz 2 is also a very important milestone in delivering our plans for growth, including from our pipeline of new higher-margin projects,” said Bernard Looney, BP’s chief executive, Upstream.

By Tsvetana Paraskova for Oilprice.com