Bp Share Discussion Threads

[creddy] 20/6/2020 16:32

Solid and stable but boring here. More excitement at pmo. Always do your own thinking.

[waldron] 19/6/2020 18:11

Looks like we can start referring to the Box channels,resistences and supports

THE WISH LIST


300 to 330p$$$$$$$$$$$WE ARE HERE$$$$$$$$$$$$$$$$$$
330 to 360p
360 to 390p
390 to 420p
420 to 450p
450 to 480p
480 to 510p





Strong support 296.40p,weak support 300.80p

Strong Resistence 365.80p

Current share price 321.45p

[waldron] 19/6/2020 17:48

Brent Crude Oil NYMEX 42.19 +1.64%
Gasoline NYMEX 1.27 +0.92%
Natural Gas NYMEX 1.76 +1.68%
WTI 39.448 USD +0.73%

FTSE 100
6,292.6 +1.10%
Dow Jones
26,184.96 +0.40%
CAC 40
4,979.45 +0.42%
SBF 120
3,918.24 +0.25%
Euro STOXX 50
3,269.1 +0.57%
DAX
12,330.76 +0.40%
Ftse Mib
19,636.78 +0.78%


Eni
8.874 +0.44%


Total
35.69 +0.03%



Engie
11.25 +0.49%

Orange
10.565 +1.73%


Bp
321.45 +2.10%

Vodafone
127.76 +0.58%

Royal Dutch Shell A
1,375.8 +1.03%


Royal Dutch Shell B
1,318.2 +1.12%


TULLOW OIL (TLW)
33.75 GBX +2.58%

[whitestone] 19/6/2020 16:50

I found this quite interesting from FT Alphaville ………



“…Elsewhere . . . . requests below the line for BP post its $12bn hybrid bond issue. It’s the biggest such offer ever, probably, with BP issuing perpetual bonds in five tranches across three currencies at a weighted average coupon rate of 4.0 per cent. It brings total debt issued this year to $21bn.

Morgan Stanley says the fundraising “substantially improves its balance sheet gearing ratios whilst only modestly reducing dividend cover,” which “should help BP navigate the current weakness in oil & gas prices. At the same time however, the magnitude of the issuance highlights the challenges that BP faces.”

Given their perpetual nature, IFRS accounting standards allow for these bonds to be reflected on the balance sheet as equity rather than debt. Therefore, equity on BP’s balance sheet is boosted by ~$12bn, whilst at the same time, net debt decreases by the same amount through the increase in cash & cash equivalents. Because this hybrid bond issue improves both the numerator and the denominator, the impact on BP’s gearing ratio is material. We now estimate BP’s gearing ratio at ~33% by year-end, down from our previous estimate of ~43%.

Small negative impact on dividend cover: The aggregate annual coupon payment of the five hybrid bonds issued amounts to ~$480m per year. However, assuming that BP generates a modest return on this extra cash and taking into account tax effects, we estimate that the net cash outflow associated with this is just $200-300m per year. Incorporating this into our dividend cover calculations would lead to a reduction of just ~3 percentage points - i.e. relatively small.

Does it mean the divi can be defended though? Yes it does, in theory, though it probably doesn’t in practice because paying divis with debt went out of fashion soon after 2016. Back to Morgan Stanley:

We [believe] that BP’s capex budget of $11-12bn per year would likely turn out to be materially too low to defend its $8.4bn dividend over the medium term. With our current outlook for oil prices, we see some room to increase capex in the future, but not much. Therefore, to restore balance in BP’s financial framework, we expect the company to reduce its dividend by ~50%. That would leave BP trading on a relatively uncompelling dividend yield - hence Underweight. BP’s large hybrid bond issue could change this outlook, at least for now. The extra liquidity will undoubtedly help the company to navigate the current weakness in oil and prices, and BP management may decide to leave its dividend unchanged until it has more visibility on the long-term outlook, say this time next year. Still, we expect that this scenario still has only modest likelihood. The hybrid bond issue equates to roughly six quarterly dividends. Leaving the dividend changed would effectively mean that the company just issued $12bn in new bonds at a cost of 4% p.a., accounting for them as equity, only to make $12bn of distributions to equity holders over the next six quarters, who discount those cash flows at 9-10% p.a. In the end, the medium term outlook for oil & gas prices is deeply uncertain at the moment, and in combination with the ‘net zero’ ambition, provides a real challenge to Europe’s oil majors, including BP. Hence, our base case expectation for BP remains unchanged.”

[garycook] 19/6/2020 12:36

Quadruple Witching today !

[fhmktg] 19/6/2020 10:53

Could be a leak ahead of the announcement of the fall in the Corona 19 aero level?

[fhmktg] 19/6/2020 10:37

Make that 10 million BP.

[andy flower] 19/6/2020 10:37

Does anyone know what is the large trade that happened around 10.15am? Happened for both BP and Shell. Thanks.

[fhmktg] 19/6/2020 10:36

Somebody went into the market in a big way at 10.15.2 million Bp,2 million Shell, 2 million BT and 500k David Smith Group........

[ny boy] 19/6/2020 09:11

Yep a nice fat juicy credit arrived, not sure if it’s the last one...as I am expecting a 50% divi cut next quarter.

Added my final lot @ 312p recently, tucking the lot away for 5-10 year hold

[grupo guitarlumber] 19/6/2020 09:06

DIVI Payment date


Dividend payment date and first date of dealings in the new shares 19-Jun-20

[w5amh] 19/6/2020 09:02

Has anybody got their divi yet.

[waldron] 19/6/2020 07:43

European stocks set to edge higher as investors monitor coronavirus developments

Published Fri, Jun 19 20202:27 AM EDT

Elliot Smith
@ElliotSmithCNBC

Key Points

Investor focus will likely remain on a resurgence of coronavirus cases in some parts of the world, with four U.S. states reporting a spike in new cases and hospitalizations amid attempts to reopen their economies.

Germany’s Wirecard saw its shares plunge 60% on Thursday and will be in the spotlight again Friday, after auditor EY refused to sign off on its 2019 full-year accounts due to a missing $2.1 billion.

European markets are heading for a cautiously higher open Friday as investors monitor recent upticks in coronavirus cases in various countries.

Britain’s FTSE 100 is seen around 11 points higher at 6,235, Germany’s DAX is expected to open around 35 points higher at 12,317 and France’s CAC 40 is expected to edge around 11 points higher to 5,970, according to IG data.

[waldron] 18/6/2020 17:31

Brent Crude Oil NYMEX 41.46 +2.27%
Gasoline NYMEX 1.24 +1.93%
Natural Gas NYMEX 1.74 +0.81%
WTI 38.756 USD +3.60%


FTSE 100
6,224.07 -0.47%
Dow Jones
26,042 -0.30%
CAC 40
4,958.75 -0.75%
SBF 120
3,908.4 -0.66%
Euro STOXX 50
3,249.9 -0.48%
DAX
12,281.53 -0.81%
Ftse Mib
19,495.6 -0.46%




Eni
8.835 -0.69%



Total
35.68 -0.74%



Engie
11.195 -0.49%

Orange
10.385 -2.17%


Bp
314.85 -0.60%

Vodafone
127.02 -1.61%

Royal Dutch Shell A
1,361.8 +0.06%



Royal Dutch Shell B
1,303.6 -0.02%


TULLOW OIL
Price (GBX)32.90 -3.24%

[superiorshares] 18/6/2020 17:20

gwatson56.
Not me :-)

[gwatson56] 18/6/2020 16:38

New CEO looks to have hit the ground running... what with the re-alignment of the balance sheet, issuance of hybrid bonds as reported today, significant senior staffing changes, and as noted ..

“BP seeks to sharply reduce its spending and costs to be able to generate profit at oil prices below $35 a barrel by next year compared with $56 a barrel last year.”

I like other's are drip feeding purchase's on the dips

[waldron] 17/6/2020 17:27

Brent Crude Oil NYMEX 40.77 -0.46%
Gasoline NYMEX 1.22 +2.11%
Natural Gas NYMEX 1.71 +0.59%
(WTI) 37.883 USD +0.34%

FTSE 100
6,253.25 +0.17%
Dow Jones
26,260.33 -0.11%
CAC 40
4,995.97 +0.88%
SBF 120
3,934.24 +0.71%
Euro STOXX 50
3,265.68 +0.63%
DAX
12,382.14 +0.54%
Ftse Mib
19,586.86 -0.20%



Eni
8.896 -0.44%


Total
35.945 +0.32%



Engie
11.25 +0.99%

Orange
10.615 -0.66%


Bp
316.75 -1.52%

Vodafone
129.1 -0.02%

Royal Dutch Shell A
1,361 -1.10%



Royal Dutch Shell B
1,303.8 -1.11%


TULLOW OIL (TLW)
34 GBX -0.35%

[la forge] 17/6/2020 11:42

cool hand kev
17 Jun '20 - 11:36 - 49646 of 49646
0 0 0
India Looks To Double Oil Refining Capacity By 2030



copied from OEX board on LSE

India Looks To Double Oil Refining Capacity By 2030
By Tsvetana Paraskova - Jun 16, 2020, 5:00 PM CDT
Join Our Community

The world’s third-largest crude oil importer, India, plans to double its refining capacity by 2030 from the current 5 million barrels per day (bpd), Oil Minister Dharmendra Pradhan said at a webinar on Tuesday.

India aims to boost its refining capacity from the current 250 million tons per year (or around 5 million bpd) to 450-500 million tons a year (up to 10 million bpd) in next ten years, in order to meet growing domestic fuel demand as well as to export fuel, the oil minister said.

The refinery capacity additions will consist of both expansion of existing refineries and the construction of new ones, Pradhan said.

India plans the construction of the huge proposed refinery on its west coast to start soon, the minister said, as quoted by Indian media.

The mega refinery complex that India plans with the national oil companies of Saudi Arabia and the United Arab Emirates (UAE) will cost more than the original US$44-billion estimate, Pradhan said last year, confirming earlier reports that the huge project would likely see costs swell.

In June 2018, Saudi Aramco and the Abu Dhabi National Oil Company (ADNOC) signed a framework agreement and a memorandum of understanding with a consortium of Indian national oil companies to join the mega project.

By investing in the giant Indian refinery, the national oil companies of leading OPEC producers Saudi Arabia and the UAE would secure off-take for their crude in a strategic fast-growing oil market in Asia.

According to the latest BP Energy Outlook from 2019, India’s consumption of oil will jump from 5 million bpd in 2017 to 9 million bpd in 2040, growing at a compound annual growth rate (CAGR) of 3.1 percent through 2040. India’s share of total global primary energy demand is set to roughly double to around 11 percent by 2040, underpinned by strong population growth and economic development, according to BP.

By Tsvetana Paraskova for Oilprice.com