Bp Share Discussion Threads

[invisage] 25/10/2020 19:02

Sbb1x - Your short right? Looking forward to seeing you get screwed when the share price reverses sharply...

[sbb1x] 25/10/2020 19:01

Update 7am Tuesday morning. Tic toc

[wallywoo] 25/10/2020 19:00

Rubbish, the dividend plan announced in q2 was based on 40 dollars oil and 2 dollars gas price assumptions for 2020.The dividend is fine here, expect good news next week.

[sbb1x] 25/10/2020 18:38

Just read that. No oil company is making money with 40$ oil.The dividend will be cut and the next 6 months will be difficult for every oil company out there.Don't know why the select few have been abusing meTarget 180.There will be a time to buy buy buy but now is not the time people!

[the stinger] 25/10/2020 18:25

Quote below - if the dividend is cut again I cannot see this BOD still in post for long.



We are transforming from an International Oil Company focused on producing resources…
To an Integrated Energy Company focused on delivering solutions for customers.
From IOC to IEC.
This is a truly transformational step as we seek to become a net zero company by 2050 or
sooner.
Today is about a new strategy, a new financial framework and a new investor proposition.
And as part of that proposition we have announced a new distribution policy, which will
support us in facing an increasingly uncertain world, allow us to strengthen our balance
sheet and invest adequately in the energy transition.
The policy combines:
– A re-set and resilient dividend, intended to remain fixed at 5.25 cents per ordinary share,
per quarter, subject to the board’s discretion.
– And a commitment to return at least 60% of surplus cash to shareholders through share
buybacks, once our net debt target has been reached – and subject to maintaining a
strong investment grade credit rating.
And while this approach has been informed by the extensive engagement we have had with
our shareholders, I do want to acknowledge the impact it will have on many – whether an
individual retail investor or a large holder.
However, it is a decision that we wholeheartedly believe is in the long-term interest of our
stakeholders

[the stinger] 25/10/2020 18:21

Ex-dividend date for ordinary shareholders and ADS holders 5-Nov-20, therefore if they don't cut the dividend people have a week to buy in for a 9% dividend.

[purple11] 25/10/2020 17:54

i personally doubt theyll cut the dividend again.if they dont this will rally to the 2.30 to 2.40 area.

if they do itll probably collapse to about 1.70.

im betting on the former but will double up my holding if its the latter.

then just hold all of them until this corona nuiscance is forgotten about.6 months.

[waldron] 25/10/2020 17:52

HERALDSCOTLAND.COM




48 mins ago
Britain's two biggest oil companies set to update shareholders | Pandemic's impact on young people

By Brian Donnelly @BrianDonnellyHT Business Correspondent

In this week's Monday Interview, Scott Wright writes that Kate Still, director for The Prince’s Trust in Scotland, does not sugar coat the impact the coronavirus pandemic is having on young people, the very citizens the charity exists to support.

Ms Still notes that older and vulnerable people have sadly borne the brunt of the physical fall-out from Covid-19, as the grim and still-rising death toll tragically shows. But the effects on the younger generation are very real, too. And, Ms Still says, there is a danger that they could be long standing unless we are careful.

In Guy Stenhouse's Business Voices on Monday, he puts it to the reader: "The real constitutional question is whether Scotland should remain in the United Kingdom or leave it. Do we separate or not?"

Lance Gauld, of Cloud Cover IT in Bridgeton, Glasgow, says in Mark Williamson''s SME Focus: "During lockdown we secured innovation funding enabling us to complete exciting new products that we feel will have worldwide sales potential and directly respond to the new challenges businesses are facing."

See our business section on Monday for the full articles.

Business Week: Six by Nico restaurant launches UK-wide food and drink home delivery e-commerce platform | Eusebi's Glasgow wins court battle to stay open

Also this week, Britain's two biggest oil companies are set to update shareholders next week amid a low oil price and a race to reduce emissions.

Investors will be leafing through BP's results on Tuesday, while Shell will present how its third quarter went two days later.

Shares in both have cratered during 2020, as oil prices fell to record lows at one point at the beginning of the pandemic.

At one point sellers were paying buyers as much as 37.63 dollars to take a barrel of West Texas Intermediate oil off their hands, amid fears that storage space would run out for the crude in April.

Brent crude, the standard that is more commonly used in Britain, never turned negative but dropped to below 19 dollars per barrel.

Months later, both Shell and BP wrote off billions of dollars worth of assets after reducing the book value of the oil they still have in the ground.

"The focus (for BP) is now on getting the most out of its remaining oil fields while investing in a low carbon future, and given the rather precarious state of the balance sheet, it's a very tricky manoeuvre to pull off," said Susannah Streeter, a senior investment and markets analyst at Hargreaves Lansdown.

Chief executive Bernard Looney set out his views on climate change as he took the reins in February, promising to make the company net zero by mid-century.

He fleshed out his ideas in August when the company presented its most recent set of financial results and cut its dividend for the first time in a decade.

The company will cut its oil and gas production by 40% before 2030, and invest five billion US dollars a year (£3.8 billion) in low-carbon projects as it tries to reposition from a dirty fuel company.

Shell was also forced to cut dividends, for the first time since the end of the Second World War, earlier this year.

"Royal Dutch Shell is another FTSE 100 company that has faced difficulties since the markets dropped in March," said analysts at the Share Centre.

The oil price may have recovered from its April low, but it's still almost 40% below where it was a year ago, and Shell's shares have dropped to levels not seen in 25 years.

"The economic impact of the Covid-19 pandemic came on top of a failure by the Saudis to agree an oil production cut with Russia."

They added: "Investors will be hoping there is light at the end of the tunnel."

[waldron] 25/10/2020 16:11

BP investors brace for another dividend cut as oil price continues to struggle

By Harriet Dennys, Financial Mail On Sunday

Published: 13:56 GMT, 25 October 2020 | Updated: 13:56 GMT, 25 October 2020


Oil giant BP could have to cut its dividend again, analysts warn.

BP halved its dividend in August after a record $6.7 billion loss for the three months to June.

On Tuesday, it is expected to report an underlying loss of $120million for the quarter to September. It had a $2.3billion profit for the same period last year.
In the red: BP is expected to report an underlying loss of $120million for the quarter to September
+1

In the red: BP is expected to report an underlying loss of $120million for the quarter to September

Russ Mould, investment director at AJ Bell, said BP's plunging share price 'reflects investors' scepticism that its dividend is sustainable longterm without a considerable recovery in the oil price'.

Susannah Streeter, from Hargreaves Lansdown, questioned 'whether BP will continue to be able to afford to pay the current dividend'.

[the stinger] 25/10/2020 15:50

Hence the share price where it is... as it currently yield's 9%...if they maintain the dividend expect a decent rise.

[laptop15] 25/10/2020 15:18

https://www.thisismoney.co.uk/money/markets/article-8877363/Warning-BP-dividend-cut-oil-price-struggles.html

[sr2day] 25/10/2020 14:59

this is as cheap as chips.chips and oil quite a likeable combination.

[gibbs1] 25/10/2020 14:50

Superiorshares
25 Oct '20 - 08:20 - 4709 of 4709 (Filtered)


0 0 0

as was your unhelpful idiot post

[pander45] 25/10/2020 11:35

Oil back into 30s

[purple11] 25/10/2020 08:49

fortune favours the brave

[la forge] 25/10/2020 07:36

The Guardian
Investors fear there'll be no bright post-Covid dawn for oil majors
Jillian Ambrose
Sun, 25 October 2020, 1:05 am CEST·3-min read

The oil market may have heaved itself out of the darkness of “Black April” but investors are far from convinced that major oil companies will walk away unscathed from the coronavirus pandemic.

Royal Dutch Shell and BP will both face investors this week with quarterly financial results that will deliver profits well below those achieved a year ago, against a backdrop of tumbling share prices and rising Covid infections across major economies.

On Tuesday, BP is expected to report an underlying loss of $120m for the last quarter, according to analysts’ estimates. This would be a major improvement on its underlying loss of $6.7bn in the second quarter, following heavy writedowns on the company’s exploration business, but would still be well below the $2.3bn third-quarter profit reported in 2019.

BP’s announcement will come days after its share price fell below 200p a share for the first time since 1994, and months after the company cut its dividend for the first time since the Deepwater Horizon oil spill and set out plans to cut 10,000 jobs.

In the same week, Shell is expected to reveal a modest underlying profit, of $146m, for the third quarter, according to analysts, after plunging to a loss of $18.4bn for the second quarter. This is still a fraction of the $4.76bn profit recorded in the same quarter last year, and follows the company’s decision to cut 9,000 jobs and reduce the dividend for the first time since the second world war.

This trend is expected to be followed across the world’s oil companies, tracking the fragile and uncertain recovery of global oil markets amid a second wave of coronavirus infections. The price of oil reached an average of $43 a barrel in the third quarter – stronger than the average of $30 a barrel in the second quarter, when US oil prices fell below zero for the first time in April – but still well below the $62 a barrel price that prevailed in the third quarter a year ago.

[pander45] 24/10/2020 16:53

That is brave considering, oil price likely to fall due to increased supply reports late Friday, Covid cases hitting record levels, tighter restrictions inevitable and the free pot of money to keep so many ships barely afloat will surely run out soon.....and as for Brexit well enough said.....Can you actually give me a fundamental positive at present?

[purple11] 24/10/2020 12:21

im betting on a rally to 2.30 area if they keep the dividend.

but noone knows what it will do

[laptop15] 24/10/2020 10:02

https://finance.yahoo.com/news/factors-pay-attention-ahead-bps-121512106.htmlWether to buy more or wait until after Q3 results that's the question

[johnwise] 24/10/2020 08:18

VIDEO

From Lara Flynn 3 hours ago.. "Dude! You forgot Alaska! I am at work on the oilfield right now "


Hannity: Biden finally tells truth with stunning debate confession

Sean Hannity calls the Democratic nominee's plan to 'transition' from oil and gas a jobs killer.

[sbb1x] 23/10/2020 20:16

Oil rigs up US oil rig w/w changes in key shale basinsPermian +3 to 132Eagle Ford +1 to 16Williston unchanged at 12Cana Woodford unchanged at 7DJ Niobrara unchanged at 3Baker Hughes #oott

[purple11] 23/10/2020 18:29

maybe maybe not.

we'll know on tuesday..........

and stocks are often marked up on fridays.if you were experienced youd know that.

[waldron] 23/10/2020 17:35

Brent Crude Oil NYMEX 41.96 -1.11%
Gasoline NYMEX 1.13 -1.39%
Natural Gas NYMEX 3.22 -1.26%
WTI 40.129 USD -1.02%

FTSE 100
5,860.28 +1.29%
Dow Jones
28,252.21 -0.39%
CAC 40
4,909.64 +1.20%
SBF 120
3,894.66 +1.14%
Euro STOXX 50
3,198.86 +0.91%
DAX
12,645.75 +0.82%
Ftse Mib
19,215.9 +0.73%



Eni
6.444 +1.62%

Total
28.08 +1.67%


Engie
11.365 +1.38%

Orange
9.518 +1.86%

Bp
205.5 +2.04%

Vodafone
112.6 +3.53%

Royal Dutch Shell A
971.8 +2.47%


Royal Dutch Shell B
940.6 +2.84%


Tullow Oil (TLW)
21.63 1.83 (9.24%)