Bp Share Discussion Threads

[waldron] 23/6/2020 17:38

Brent Crude Oil NYMEX 43.34 +0.60%
Gasoline NYMEX 1.31 +1.52%
Natural Gas NYMEX 1.71 -1.67%
WTI 40.85 USD -0.07%


FTSE 100
6,320.12 +1.21%
Dow Jones
26,236.19 +0.81%
CAC 40
5,017.68 +1.39%
SBF 120
3,943.43 +1.33%
Euro STOXX 50
3,298.83 +1.82%
DAX
12,523.76 +2.13%
Ftse Mib
19,877.71 +2.05%



Eni
8.896 +1.06%


Total
36.185 +2.12%



Engie
11.215 +1.04%

Orange
10.515 +0.29%


Bp
321.45 +1.90%

Vodafone
129.14 +1.86%

Royal Dutch Shell A
1,389.8 +2.33%


Royal Dutch Shell B
1,331 +2.21%

TULLOW OIL
Price (GBX)33.38 + 0.51%

[optomistic] 23/6/2020 16:22

imastu...looking for volunteers? I once played the triangle (on the front row) first night, then subsequently on the back row...I think I must have been taking a too commanding position ;-))

[waldron] 22/6/2020 17:24

Brent Crude Oil NYMEX 42.60 +0.97%
Gasoline NYMEX 1.28 +0.95%
Natural Gas NYMEX 1.78 +2.00%
WTI 40.26 USD +1.13%

FTSE 100
6,244.62 -0.76%
Dow Jones
25,875 +0.01%
CAC 40
4,948.7 -0.62%
SBF 120
3,891.71 -0.68%
Euro STOXX 50
3,239.83 -1.00%
DAX
12,262.97 -0.55%
Ftse Mib
19,484.01 -0.69%



Eni
8.803 -0.80%


Total
35.435 -0.71%



Engie
11.1 -1.33%

Orange
10.485 -0.76%

Bp
315.45 -1.87%

Vodafone
126.78 -0.77%

Royal Dutch Shell A
1,358.2 -1.28%



Royal Dutch Shell B
1,302.2 -1.21%

TULLOW OIL
33.21 -1.60%

[imastu pidgitaswell] 22/6/2020 14:50

Somewhat against my better judgement (which often goes missing), I'm thinking about getting the band back together...

It has been a while, but today looks a good time.

[adrian j boris] 21/6/2020 07:08

Energy Giants To Bring Greener LNG To The Market
By Jon LeSage - Jun 16, 2020, 12:00 PM CDT
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As global LNG demand continues to grow into the foreseeable future, supplying ‘green LNG’ could give producers an edge in this burgeoning market. French oil and gas giant Total and Siemens Gas and Power division are conducting studies that could greatly benefit each company.

Reducing greenhouse gas emissions at LNG liquefaction facilities, and improving plant reliability, maintainability, regulatory compliance and development costs, are targets for the study. Decarbonizing LNG production can feed into more demand for the fuel with stringent government regulations and corporate mandates kicking in. Being considered the cleanest fossil fuel, the European Commission sees it as an excellent alternative energy to reduce emissions and combat climate change.

As we’re seeing with green hydrogen, several countries have started committing billions of dollars in a bid to combat climate change. The US has been particularly fond of LNG to meet these targets — and as the domestic gas supply is ample enough to grow exports.

McKinsey & Co. forecasts that the global gas and LNG market will continue to expand 3.6 percent each year through 2035.

Total has been expanding its energy portfolio in recent years, with LNG being prioritized. Last month, Total was able to round up $15 billion for an LNG-project in Mozambique for a signing scheduled in June. It will be expanding to $23 billion and make up Africa’s largest private investment yet, binding in about 20 banks. The project will chill natural gas into a liquid for export.

Siemens sees great potential in LNG, having taken on another major alliance. The company found equity investment partners for a new combined cycle power plant for the integrated LNG-to-Power project in Rio de Janeiro, Brazil. Siemens owns one-third of project company Gás Natural Açu (GNA) with Brazil logistics company Prumo Logística S.A. and oil major BP.

Siemens will benefit from the new study’s exploration of gas turbine compression trains in rolling systems. Its Houston-based Gas and Power unit produces products for power generation, such as gas and steam turbines, generators, turbine packages, and tailored OEM power plant solutions.

The new study will look into using gas turbine- and electric-driven compression trains in conjunction with proven single-mixed refrigerant and double-mixed refrigerant technologies for the coolant function in drivetrain and power systems. Another method being explored is developing techniques to improve the efficiency of onsite power generation facilities; that might include heat recovery systems, inlet air chilling, supplementary firing, renewables integration, and battery storage.
Related: The End Of The OPEC Deal Could Be The Start Of A New Oil Price War

“Siemens Gas and Power is committed to supporting the LNG industry’s efforts to reduce carbon emissions through the application of proven equipment solutions and by providing financial, technical development, and strategic support to customers in the early concept development and pre-front-end engineering design (FEED) stages of projects,” said Thorbjoern Fors, CEO for Siemens Energy Oil & Gas Division. “We are proud to continue these efforts by partnering with Total to drive towards the lowest possible plant emissions profile and attain the highest degree of sustainability in LNG production.”

As part of the agreement, Siemens in conducting studies to explore possible liquefaction and power generation in plant designs. The endgame here will be hitting targets for decarbonizing LNG production. But other efficiencies are part of the overall goals, according to the two companies. That will include leveraging digitalization and automation platforms to optimize plant design and achieve seamless project execution.

Siemens thinks that application of digital technologies, such as artificial intelligence, digital twins, and predictive analytics, offer substantial gains for LNG developers and operators to improve the economic viability of their facilities. Participating in the Hammerfest LNG plant above the Arctic Circle, Siemens has been able to divert unplanned downtime in the plant. Siemens developed an advanced digital system that monitors and rapidly responds to the entire system to keep it operating efficiently.

By Jon LeSage for Oilprice.com

[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........