Bp Share Discussion Threads

[swerves1] 30/4/2020 14:21

Maybe BP next for a divi cut?

[veryniceperson] 30/4/2020 13:29

I can see the OPEC + country's getting together again soon and agreeing a bigger cut in output.

[djb3] 30/4/2020 11:58

Maybe Faz, but the 2nd quarter results of 2020 for most companies will be a lot worse than 1st quarter. They will not yet be factored into share prices and I think they will come as a shock. Companies can't just start straight back up after such a shock to the economies it takes time.

[hasin] 30/4/2020 11:51

Agree every prudent is getting nothing free then gets screwed again
with no dividends,glad i punted bp and took profits yesterday little
bit of a gain.

[skinny] 30/4/2020 11:48

I assume the reason BP is being hit today - despite the rise in Brent, is the fact that Shell have set a precedent and BP could potentially pull the dividend after the event.

[wllmherk] 30/4/2020 11:42

I share your pain Gecko :)

wllm

[wllmherk] 30/4/2020 11:24

I'm not convinced BP will hold the dividend in the next quarter, much will depend on what happens in the next 12 weeks. If they do cut it's going to hurt, my 3 largest holdings are BP, LLOY and BT.A in that order.

wllm

[skinny] 30/4/2020 10:51

A bit of a jump in Brent in the last hour or so $26.48.

[nigthepig] 30/4/2020 09:34

mreasygoing going gone

[mreasygoing] 30/4/2020 09:00

Sub £2 coming in the next few months. Patience for a golden opportunity.

[montyhedge] 30/4/2020 07:47

Set a precedent, BP will follow next time.

[boatman123] 30/4/2020 07:45

Shell has cut dividend from 47 cents to 16 cents , just announced

[ny boy] 29/4/2020 18:32

Not a ramper, just bullish on BP, CNA etc, the latter showed a technical reserve trend after support at 30p, market action today has proved this right. I have been bullish on BP since I started buying when it dropped to silly levels ie. 220/230’s

BP I already said should rise to at least 350p before 7 May, might even achieve that level by Friday. As US markets are very bullish at present, only concern “sell in May” has been touted, if Rocket Man pops his clogs then that could rattle markets big time but all no sign of rumors being anything other than rumors.

Fed 2 day meeting needs to be closely observed, other than that rally should continue but not all in a straight line.

So I remain greedy and have been for some weeks, until the markets proves me wrong.

[waldron] 29/4/2020 17:20

Brent Crude Oil NYMEX 24.34 +7.04%
Gasoline NYMEX 0.78 +10.41%
Natural Gas NYMEX 1.88 -3.54
WTI 16.139 USD +23.35%

FTSE 100
6,115.25 +2.63%
Dow Jones
24,609.66 +2.11%
CAC 40
4,671.11 +2.22%
SBF 120
3,684.29 +2.29%
Euro STOXX 50
2,999.45 +2.40%
DAX
11,107.74 +2.89%
Ftse Mib
18,062.31 +2.18%



Eni
8.957 +3.14%


Total
33.82 +3.13%



Engie
9.99 +6.62%



Bp
333.5 +3.54%

Vodafone
118.9 +5.18%

Royal Dutch Shell A
1,485.8 +3.70%



Royal Dutch Shell B
1,451.4 +3.35%

[younasm] 29/4/2020 14:25

I am reducing long positions - sold some at 334p. Waiting to sell more around 350p

[la forge] 29/4/2020 13:33

Broker Forecast - Citigroup issues a broker note on BP PLC
By BFN News | 10:10 AM | Wednesday 29 April, 2020

Factsheet BP PLC USD0.25 (BP.)


Citigroup today reaffirms its neutral investment rating on BP PLC (LON:BP.) and raised its price target to 330p (from 310p).


Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

[sarkasm] 29/4/2020 12:21

Financial Ratios

$$$$$$$$$$$$$$$$$$$$$2020e $$$$$$$$$$2021e

Capitalization $$$$$$80 602 M $ -

Entreprise Value (EV) 136 437 M $ 132 063 M $


obviously undervalued

[sarkasm] 29/4/2020 12:16

Strengths

As regards fundamentals, the enterprise value to sales ratio is at 0.66 for the current period. Therefore, the company is undervalued.

The company is one of the best yield companies with high dividend expectations.

Weaknesses

As estimated by analysts, this group is among those businesses with the lowest growth prospects.
The company sustains low margins.

Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.

With an expected P/E ratio at 267.52 and 11.22 respectively for both the current and next fiscal years, the company operates with high earnings multiples.

The company's sales previsions for the coming years have been revised downwards, which foreshadows another slowdown in business.

For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.

For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.

For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.

Below the resistance at 373.75 GBp, the stock shows a negative configuration when looking looking at the weekly chart.

[sarkasm] 29/4/2020 12:10

kasamavic
29 Apr '20 - 11:59 - 3720 of 3720
0 0 0

I can agree with your view point

there are optimists and pessimists so they formulate their forecasts by taking strengths and weaknesses into account

For me its the long term view that i consider and try the glean information no matter
where from to help me with my decision as to whether to buy,sell or hold

At present nothing seems to react to the norm


lol ny boy surely is no damper

[kasamavic] 29/4/2020 11:59

Sarkasm,You do have to wonder where these analysts get their figures from. They all bar one are saying BP should be below £3. It isn't the PIs who have driven the price up nearly 10% from yesterday's low.As much as you say NY boy is a damper, we have buywell3 who is saying it's a sell down to £2.50.I agree that we'll probably get nearer to £4 before or if we get down to the £2.50 level.

[sarkasm] 29/4/2020 11:47

next strong resistence 353p

[sarkasm] 29/4/2020 11:44

BP’s Q1 results illustrate offshore’s predicament
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BP’s Q1 results illustrate offshore’s predicament

April 29th, 2020 Sam Chambers Sam Chambers Europe, Offshore, Tankers 0 comments

BP reported Q1 figures yesterday with the oil major warning it will slash its group capital expenditure program by 25% to $12bn for 2020.

In upstream activities, brokers Lorentzen & Stemoco reported this morning this means delaying exploration and appraisal activities, curtailing development activities in lower margin areas and being more cautious on early development projects.

Consequently, underlying production in 2020 will be reduced by 70,000 bbl oil equivalent on an annual basis.

Other oil majors will report results this week including Exxon Mobil on Friday and Royal Dutch Shell tomorrow, both expected to outline how they will handle the sudden, dramatic fall in the price of crude.

According to American oil field services company Baker Hughes, which reported its Q1 results last week, the oil and gas rigs in Canada and US counted the lowest number since at least the year 2000, with particularly the Permian Basin and New Mexico being affected by cuts in rig usage.