Bp Share Discussion Threads

[trikytree] 22/10/2020 09:36

Pure speculation that Stinger based on nothing but plucking a number out of the air. My break even 260 so I’d take it tho.

[the stinger] 22/10/2020 09:11

Be a take over or merge.. that's what the market wants here. Takeover at £3 I say.

[w1ndjammer] 22/10/2020 09:06

buywell

did you forget all about the Vaccine...........

WJ.

[buywell3] 22/10/2020 08:58

We are now in a new area due to Covid-19 that the world has never seen before

Cases worldwide just hit over 430K in a day which means with the whole of the EU now a seething Covid-19 cess pit due to the incompetence of incumbent governments --- that Hospitals are going to get overrun and cease to function properly as nurses fall sick or drop from overwork

OIL demand set to slump for the foreseeable future === $30 coming in as little as 2 weeks time imo as cases go through the roof

[spawny100] 22/10/2020 08:45

Dunno I think that RDSB and BP are doing so badly precisely BECAUSE of their intended foray into 'Green Energy'. I don't think the market likes it. Some small oil and gas companies have actually gone up in 2020 rather than get completely hammered like these too.

[blueball] 22/10/2020 08:31

180p near target.

[the stinger] 22/10/2020 08:30

Looking at joining the party here... in batches. Bottom probs £1.85 - £1.90.

[buywell3] 22/10/2020 07:45

OIL to $30 for several months from 2020 xmas onwards and buywell calls BP. to 99p


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[p5tvr] 22/10/2020 07:43

hellscream...Sell then before that happens.

[buywell3] 22/10/2020 07:42

No long term chart support left apart from one

Which is not good

[oakville] 22/10/2020 07:39

Fair price in the pennies?

[oakville] 22/10/2020 07:38

Going bust?

[gaffer73] 22/10/2020 07:28

2 day high today

[buywell3] 22/10/2020 07:26

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[buywell3] 22/10/2020 07:18

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One more support left

[hydrogen economy] 22/10/2020 06:24

BP back to early 90's price, way below the depths of Macondo crisis, maybe not too surprising as the list of risks and uncertainties is pretty scary.

-When will COVID stop killing demand and how quickly will it ramp up?
-Have we passed peak oil, will renewables on one side and cheap coal on the other
crush O&G?
-Will OPEC+ and USA continue production discipline or let it rip?
- Can BP make a profitable clean energy business and will the investment costs of
doing do plunge the company into a debt crisis like that of the late 80's?
- Does BP have the skills and cost base to compete in the renewable energy sector?
- Will the dividend be cut or stopped?
- Does Management have what it takes?
- Will ESG divestment continue to crush SP?

No-one really knows, though many will tell us they do. The market is taking a pretty bleak view and it's hard to do otherwise.

Not all the above may drop on the downside and there could well be positive surprises. No doubt the share price will overshoot on the way down so there may be a trading opportunity here. I don't hold BP but have a small number of RDSB, I think neither looks like an investment at present, just trades and rather risky ones.

Clean energy funds/ETFs seem a much better investment prospect, even after the recent run up. INRG (which has a bias to clean energy technology over utilties) is up over 75% YTD BP down 57%. If Biden wins and spends $2T on clean energy there will much more to come.

[hellscream] 22/10/2020 05:32

50 year low

[hellscream] 22/10/2020 05:32

49 year low

[hellscream] 22/10/2020 05:32

48 year low

[hellscream] 22/10/2020 05:31

47 year low

[hellscream] 22/10/2020 05:31

46 year low

[hellscream] 22/10/2020 05:31

45 year low

[hellscream] 22/10/2020 05:31

44 year low

[hellscream] 22/10/2020 05:31

43 year low