Bp Share Discussion Threads

[bracke] 04/12/2018 10:58

Good day optomistic


You will see on the chart the share price is being held at the black ML. It needs a good shove to break up and is then in with a chance of reaching the green ML.

BP. DAILY

[philanderer] 04/12/2018 09:01

Alliance News..


The world's biggest oil exporters have seen prices dwindle as US sanctions on Iran turned out to be less stringent than expected. As they mull production cuts this week, they must keep the global economy in mind. In light of oil prices plummeting from USD86 to below USD60 a barrel in recent weeks, major oil-producing countries are set to discuss ways to bolster prices on Thursday and Friday in Vienna.

Analysts say that the 15 oil ministers of the Organization of the Petroleum Exporting Countries and 10 other countries, led by Russia, will prolong their 2016 agreement to coordinate how much oil they supply to the market.

"It's very likely that new production cuts will be announced," analyst David Wech at the consultancy JBC Energy told dpa in Vienna. "This should stabilize the market, but I doubt whether the announcement will be notable and substantial enough to lead to a clearly positive price dynamic," he added.

[philanderer] 03/12/2018 23:40

Agreed :-)

[p0pper] 03/12/2018 18:52

phil, that's called a level playing field which is what it should be

[philanderer] 03/12/2018 18:25

Analyst Naeem Aslam at Think Markets said: "Qatar leaving the OPEC isn't as great news for the oil market and the market participants haven't digested the full impact of this news.

"Basically, Qataris have brought the biggest weapon out and it only means more instability between the Qatari and Saudi relationship. In fact, we would not be surprised if other counties start to follow the same path and then we have no control over supply or demand as each individual country could just do what they like."

[waldron] 03/12/2018 17:04

Total
49.815 +1.32%


Engie
12.55 +1.05%

Orange
14.975 -1.22%


FTSE 100
7,062.41 +1.18%
Dow Jones
25,747.24 +0.82%
CAC 40
5,053.98 +1.00%


Brent Crude Oil NYMEX 60.76 +2.19%
Gasoline NYMEX 1.43 +1.65%
Natural Gas NYMEX 4.36 -5.55%


WTI 52.1400 -0.33%



BP
532 +2.31%


Shell A
2,415.5 +1.92%

Shell B
2,460.5 +2.71%

[optomistic] 03/12/2018 14:22

Well over a week without a post on here.
Was the bottom in at 510p? Brent up over 5% today, OPEC looking to lower production...may not be long now before Penycae's monkey comes up with a buy :-)

[alphorn] 03/12/2018 10:32

Qatar pulls out of Opec as relations with neighbours sour. World’s largest exporter of liquefied natural gas to quit oil cartel in the new year.

[philanderer] 03/12/2018 09:47

'The next move on the oil price depends on Iran


The effect of increased US sanctions will sway Opec’s decision on cutting supply

[philanderer] 02/12/2018 09:24

'Oil’s plunge poses quandary for equity and bond investors'

Upcoming Opec meeting holds key to solving price decline puzzle

[waldron] 30/11/2018 17:42

Brent Crude Oil NYMEX 59.37 -0.90%
Gasoline NYMEX 1.43 -0.23%
Natural Gas NYMEX 4.53 -2.48%

- 30/11 17:44:53
WTI 50.97 USD -0.82%


Total
49.165 +1.50%


Engie
12.42 -0.56%

Orange
15.16 +0.93%

FTSE 100
6,980.24 -0.83%
Dow Jones
25,302.33 -0.14%
CAC 40
5,003.92 -0.05%








BP
520 -0.40%


Shell A
2,370 -0.08%


Shell B
2,395.5 -0.79%

[the grumpy old men] 30/11/2018 11:02

Volkswagen AG (VOW.XE) is partnering with British supermarket chain Tesco PLC (TSCO.LN) to rollout the U.K.'s largest electric-vehicle charging network at retail sites.

The companies said Friday that over the next three years they will install more than 2,400 charging bays across 600 Tesco stores. Customers will be able to charge their cars for free via a standard charger, or pay for a faster service.

Volkswagen said the plan would support its target of selling one million electric cars a year by 2025. The BBC reported that the German car manufacturer has sold 1,350 electric cars in the U.K. since launching two electric vehicle models four years ago.

Volkswagen is launching its ID. family of all-electric models in the U.K. in 2019.

Volkswagen and Tesco's plan represents a 14% increase in the number of public-charge bays in the U.K., according to Pod Point, the British electric-vehicle infrastructure company which will carry out the installations.

Figures released earlier this month by the Society of Motor Manufacturers and Traders showed new registrations of electric vehicles, including hybrid models, came to 121,577 or 5.9% of the total market in 2018 to date. The British government has said it aims to phase out the sale of petrol and diesel cars by 2040.

In addition to car makers, oil companies are also readying themselves for mass adoption of electric vehicles. BP PLC (BP.LN) earlier this year bought Chargemaster, the U.K.'s largest electric-vehicle charging company for 130 million pounds ($166.4 million), after Royal Dutch Shell PLC (RDSA.LN) bought its Dutch peer NewMotion in 2017.



Write to Adam Clark at [e-mail]



(END) Dow Jones Newswires

November 30, 2018 05:39 ET (10:39 GMT)

[waldron] 29/11/2018 17:07

Total
48.44 +0.40%


Engie
12.49 -0.60%

Orange
15.02 +0.43%

FTSE 100
7,038.95 +0.49%
Dow Jones
25,284.05 -0.32%
CAC 40
5,006.25 +0.46%


Brent Crude Oil NYMEX 60.37 +2.17%
Gasoline NYMEX 1.43 +3.89%
Natural Gas NYMEX 4.49 -4.36%



BP
522.1 -0.29%


Shell A
2,372 +1.07%


Shell B
2,414.5 +1.32%

[ariane] 29/11/2018 15:41

Broker Forecast - JP Morgan Cazenove issues a broker note on BP PLC
By BFN News | 10:50 AM | Thursday 29 November, 2018

Factsheet BP PLC USD0.25 (BP.)


JP Morgan Cazenove today reaffirms its overweight investment rating on BP PLC (LON:BP.) and cut its price target to 575p (from 650p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

[ariane] 29/11/2018 11:34

Home » Reports » Broker Ratings » BP plc 10.2% Potential Upside Indicated by JP Morgan Cazenove
broker ratings
BP plc 10.2% Potential Upside Indicated by JP Morgan Cazenove

Posted by: Charlotte Edwards 29th November 2018

BP plc using EPIC/TICKER code (LON:BP) had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘OVERWEIGHT217; today by analysts at JP Morgan Cazenove. BP plc are listed in the Oil & Gas sector within UK Main Market. JP Morgan Cazenove have set their target price at 575 GBX on its stock.

[waldron] 29/11/2018 08:37

Where next for BP plc, Tullow Oil plc, Premier Oil PLC and Royal Dutch Shell Plc?
Do these oil shares offer recovery potential? BP plc (LON:BP) (BP.L), Tullow Oil plc (LON:TLW) (TLW.L), Premier Oil PLC (LON:PMO) (PMO.L) and Royal Dutch Shell Plc (LON:RDSB) (RDSB.L)
November 29, 2018 Robert Stephens FTSE 100




Royal Dutch Shell Plc
Royal Dutch Shell Plc

With the oil price having fallen by 33% in the last two months, I’m considering the investment prospects of BP plc (LON:BP) (BP.L), Tullow Oil plc (LON:TLW) (TLW.L), Premier Oil PLC (LON:PMO) (PMO.L) and Royal Dutch Shell Plc (LON:RDSB) (RDSB.L). Could they offer improving outlooks?

BP’s share price has fallen by around 12% since early October. I wouldn’t be surprised if there is further volatility ahead for the FTSE 100 oil major. The sanctions waivers on Iran put in place by the US may mean that supply growth is stronger than previously expected, and may lead to continued weakness in the oil price in the near term.

BP, though, seems to have an improving asset base in my opinion. It continues to invest in its operations, while the recent acquisition of BHP’s petroleum assets may boost its long-term growth potential.

Premier Oil may also experience share price volatility. Fears surrounding the world economy and its growth rate may lead to uncertainty among investors with regard to the oil price.

The company, though, seems to be making progress in maintaining cost discipline as well as ramping-up production. Trading on a P/E ratio of around 5 using current year EPS forecasts suggests to me that Premier Oil could offer a margin of safety.

Tullow Oil is also ramping-up production, and this could create a business with less debt. In the long run, this may allow it to better cope with the volatility of the oil and gas industry.

The company is also investing in its exploration activities. This could offer a growth catalyst in future years. A P/E ratio of around 10 and a forecast rise in EPS next year suggest to me that Tullow Oil may be undervalued, but could experience further volatility in the near term.

Shell’s asset disposal programme could help to reduce its debt levels while allowing it to focus on core assets. This may lead to a stronger and more flexible business which is better able to overcome the inherent risks of the oil and gas industry.

With Shell having a dividend yield of almost 6%, I think it could offer good value for money. In the long run, there is no guarantee that the sanctions waivers on Iran will continue, which means I remain optimistic about the prospect of a recovery for the oil price. But in the meantime, further volatility could be ahead.




About Robert Stephens 4992 Articles
Robert Stephens is a CFA Charterholder and an Equity Analyst by trade. He is a passionate private investor who has been buying and selling shares for many years, owning a wide range of UK shares in the process. He has written for Citywire and The Motley Fool US and now runs his own business. To contact Robert, please email [e-mail] or use one of the other contact methods available on the 'Contact Us' page

[waldron] 29/11/2018 08:14

BP Plc: JP Morgan remains overweight but reduces its target FROM 650 to 575 GBp.



Compagnie Financière Richemont: RBC reduces its target from 100 to 85 CHF, while remaining outperform


ENI: JP Morgan remains overweight but reduces its target FROM 16 to 13.50 euros.


Equinor: JP Morgan goes from neutral to underweight with a reduced target FROM 230 to 190 NOK.


Royal Dutch: JP Morgan remains overweight but reduced its target FROM 3,250 to 2,800 GBp.

Total: JP Morgan goes from underweight to neutral despite a target reduced from 54 to 49 EUR.

[waldron] 28/11/2018 18:17

Total
48.245 +0.45%


Engie
12.565 -0.83%

Orange
14.955 -0.30%

FTSE 100
7,004.52 -0.18%
Dow Jones
25,176.54 +1.73%
CAC 40
4,983.24 +0.00%



BP
523.6 -0.13%


Shell A
2,347 -0.21%


Shell B
2,383 -0.04%


Brent Crude Oil NYMEX 60.55 +0.25%
Gasoline NYMEX 1.41 +0.73%
Natural Gas NYMEX 4.41 +2.82%

[adrian j boris] 28/11/2018 18:14

BP Is Comfortable With $50 Oil
By Irina Slav - Nov 28, 2018, 11:00 AM CST
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offshore rig

The oil price plunge of the past weeks has had OPEC considering a fresh production cut to prevent the next oil glut and steer Brent Crude prices back up closer to $70 per barrel.

WTI Crude at $50, on the other hand, may soon start testing the U.S. shale patch if the U.S. benchmark oil price stays at that level.

But oil majors are not worried about the recent slide in oil prices. Bruised by the 2014-2015 price crash, Big Oil has been planning projects, production, and profit margins at an oil price range assuming a conservative floor at $50 Brent Crude.

BP, for example, sees a range of between $50 and $70 as “sensible̶1; and plans on that range, the UK supermajor’s Regional President of BP Middle East, Michael Townshend, told CNBC on sidelines of a conference on Iraq’s reconstruction in Dubai.

“Our investment decisions are all based on a range of pricing, they’re in that $50 to $70 range — whatever today happens to be, we have no control over whatever tomorrow happens to be,” Townshend told CNBC.

BP’s Regional President for the Middle East echoed comments from BP’s CFO Brian Gilvary, who said on the Q3 earnings webcast at the end of October:

“As oil prices stay up over $50 a barrel, we will be surplus free cash as we go into 2020, and 2021. And, of course, we have said our breakeven goes down to $35-40 a barrel by the end of 2021, unless we chose to distribute to shareholders.”

Answering an analyst question at what oil price BP is basing its plans, Gilvary said that this year the company set that at $55 a barrel.

“We run those cases at $50 and $75 a barrel. And at $75 a barrel real over a very long period of time, and $50 is the base case that we run everything at. That’s how we look at our projects,” Gilvary noted.
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Regional President of BP Middle East Townshend was a keynote speaker at the conference ‘Iraq – Reconstruction & Rebuilding, how to deliver Vision’ organized by the Iraq Britain Business Council, of which BP—operator of the world’s third-largest producing oil field, Rumaila in Iraq—is a founding member.
Related: How Much Does OPEC Need To Cut To Balance The Market?

“Working closely with State owned Basra Oil Company and PetroChina has allowed BP to develop Rumaila, which is now one of the most efficient fields in the world and contributes around 30% of the budget of Iraq,” Townshend said ahead of the conference.

While BP looks unfazed by the latest oil price plunge, analysts warn that the lower oil prices will reduce Iraq’s oil revenues, which cover nearly 90 percent of the country’s budget.

With Brent Crude at $60 a barrel, Iraq can afford to meet the current expenditures, but there won’t be anything extra left for infrastructure investment to rebuild the country after it pushed ISIS out, Frank Gunter, professor of economics at Lehigh University in Bethlehem, Pennsylvania, said at the conference this weekend.

“A lot of infrastructure is needed — electricity and water come immediately to mind. Yet it does not appear that the money will be there,” CNBC quoted Gunter as saying.

Iraq’s new Prime Minister Adil Abdul-Mahdi is currently trying to pass the 2019 budget bill through Parliament, but politicians in many areas, including Nineveh in the north devastated by ISIS and the oil-rich key southern region Basra rejected a first budget draft, saying their regions are not getting enough for reconstruction and services infrastructure such as water and electricity.

If oil prices stay at their current level, Iraq—despite boosting oil exports and production—will have lower revenues to allocate to rebuilding the country.

The oil price slide in recent weeks with Brent now at $60 may not be an issue for Big Oil, but it is an issue at OPEC’s second-largest oil producer Iraq, and at all other OPEC members for that matter. It’s no surprise at all that OPEC is discussing a sizeable production cut to reverse an oversupply and lift oil prices.

By Tsvetana Paraskova for Oilprice.com

[waldron] 27/11/2018 21:40

Shell: EV Demand To Grow Regardless Of Oil Prices
By Tsvetana Paraskova - Nov 27, 2018, 3:00 PM CST
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EV Charger

Oil supermajor Shell sees electric vehicle (EV) enthusiasts buying into the ‘cool factor’ of zero emission vehicles, driving EVs fleet growth regardless of the oil price fluctuations, the head of Shell’s global retail business, Istvan Kapitany, told Bloomberg in an interview published on Tuesday.

“They get a joy out of it, they feel passionate about it, they think it’s a great driving experience,” Shell’s executive said, noting that EV enthusiasts are emphasizing the social desirability of zero-emission fun-driving-experience cars—a factor important enough to ignore the fact that EVs are currently more expensive than vehicles with internal combustion engines (ICEs).

“Customers don’t always make rational decisions -- if it weren’t like that, it would be very difficult to sell sports cars,” Kapitany told Bloomberg.

Shell’s executive is not the first top manager at a Big Oil firm to say that customers’ passion to own EVs could be a big driver for EV fleet growth.

As early as in 2016, BP’s group chief economist Spencer Dale said that the ‘cool’ EV factor could lead to faster penetration of zero-emission vehicles.
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“Suppose people buy electric cars, even if they are more expensive, because they like what the car says about them: how modern they are; their responsibility to the planet. Because they’re cool. Economists don’t do cool, but it can be a huge factor in how quickly some new technologies are adopted,” Dale said two years ago.

Over the past two years, both BP and Shell have been busy making deals with EV charging networks. Last year, Shell bought NewMotion, one of Europe’s largest electric vehicle charging providers. Less than a month before that, Shell had announced an agreement with high-powered charging network operator IONITY—a joint venture between BMW, Daimler, Ford, and the Volkswagen Group with Audi and Porsche—to offer charge points across ten European countries.

BP said in June this year that it would buy the UK’s largest EV charging company Chargemaster in one of the latest deals of a major oil company venturing into EV charging networks.

According to Wood Mackenzie, EVs will become competitive on commercial terms with ICE vehicles by 2027.

By Tsvetana Paraskova for Oilprice.com

[veryniceperson] 27/11/2018 21:12

Added a few more Friday afternoon. Good company great dividend. Got a nice holding now. Dudley has done a great job. Buy on the dips.

[philanderer] 27/11/2018 18:40

Tempted :-)

[waldron] 27/11/2018 17:44

Total
48.03 -0.56%


Engie
12.67 +1.85%

Orange
15 +0.74%

FTSE 100
7,016.85 -0.27%
Dow Jones
24,594.47 -0.19%
CAC 40
4,983.15 -0.24%



Brent Crude Oil NYMEX 59.02 -2.41%
Gasoline NYMEX 1.38 -2.81%
Natural Gas NYMEX 4.28 -0.49%



BP
524.3 -0.10%


Shell A
2,352 -0.49%


Shell B
2,384 -0.67%