Bp Share Discussion Threads

[skinny] 05/1/2021 15:04

OPEC ? or the GS effect :-)

[crazi] 05/1/2021 14:35

OPEC+ No increase until March.

Brent heading to $55+ soon :-)

[invisage] 05/1/2021 14:32

Amena Bakr


According to 2 informed sources: Russia will accept a one month rollover provided there will be an increase in March

[imastu pidgitaswell] 05/1/2021 12:59

They're very nice ............ people, obviously. The niceness radiates from every pore of every person they employ. Who all earn a lot of money for Goldman, thanks you very much. And deservedly so. 'God's work' I think their CEO referred to it as. And who are we mere peasants to question him?



You see? All those bonus billions paid to their people decades (OK, months, but let's not be picky) after they were bailed out by the taxpayer, without which they would have gone bust. God's work, obviously.

It's that sort of cynicism, which I for one condemn in the strongest possible terms, that makes me despair, it really is...

Along with the BP share price.

[bracke] 05/1/2021 12:51

Good day imastu

I had no idea you were such an admirer of GS. I tend to think they are a devious, conniving bunch of.......people, who will do whatever is necessary to make money.

Was there a hint of sarcasm, surely not.

[imastu pidgitaswell] 05/1/2021 11:56

430? 🤷‍a94;️

Honest as the day is long, Goldmans, salt of the earth. If only every player in the financial markets had their integrity, the world would be a better place...

[philanderer] 05/1/2021 11:41

GOLDMAN CUTS BP PRICE TARGET TO 430 (450) PENCE - 'CONVICTION BUY LIST'

[invisage] 05/1/2021 11:27

Irish

Invisage
Yes, BP will return hopefully to £4, but what a long time to wait.
There are more gaps above atm to be filled so 284 is a target short term.
I am a day trader looking to make money every day, and yes some days I get it wrong.
If I was a long term holder I would not even bother posting, no disrespect, but seems such a waste of time.
The secret is to try and have indicators that show oversold or overbought conditions and trade them.
I really hope all you guys do make money, because that's what share trading is all about, but to fall in love with one share and be oblivious to what's going on out at sea is crazy.

The above sounds very clever, gaps etc but in practice very difficult to time the market in and out consistently.

99% of traders lose money, the odds are stacked against you. Not only is what you are doing high risk, you are also risking missing out on the bigger move.

Brent is firm above $52/bbl again today.....No one knows when BP share price will rally to correct valuation...


This game requires a lot of patience and waiting for the inevitable.

The hardest thing is doing nothing in investment, but boring investing is what makes the big money long term. Not the constant in and out.

[grupo] 05/1/2021 10:40

FWIW

BP vs Premier Oil: which oil stock would I buy now?

Stuart Blair | Tuesday, 5th January, 2021 |


Oil stocks were some of the worst performers among UK shares in 2020. This is due to the collapse of oil prices caused by the lack of demand. Worries also abound over the future of the oil industry, and BP (LSE: BP) believes that oil demand has already peaked. This has led to its ambitious renewable energy programme, announced last year.

However, this is not the view held by everybody, and BP’s US counterpart, ExxonMobil, expects demand to climb until at least 2040. This is due to rising incomes and population. Is it therefore a good time to buy oil stocks, and if so, which one would I buy?


Premier Oil will soon ‘disappearR17;

Subject to shareholder approval, Premier Oil (LSE: PMO) is shortly going to be renamed Harbour Energy after a reverse takeover by private equity-backed Chrysaor. This means that Chrysaor will soon become a publicly traded company without the need to go through an IPO.

As part of this deal, Premier’s stakeholders will own up to 23% of the enlarged group and current shareholders will hold only around 5.5%. It will also create the largest independent oil and gas company on the London Stock Exchange.

Due to the tough environment for oil stocks at the moment, particularly smaller ones like Premier Oil, I believe this is a shrewd move. This is because it allows the company to pay off its large debt pile. The debt of over £2bn has held back the company for years, and previous plans to pay it off included issuing more shares and buying BP assets to generate more cash. I believe these had a number of problems and taking the tiny stake in Harbour Energy seems a preferable option.

But while this makes Premier Oil a more tempting buy, I’m still not going for it. It may be a shrewd move for the firm, but the fact that Premier’s stake of the merger is extremely small means that it’s not worth a considerable amount for shareholders. With oil stocks currently under pressure, I also struggle to see the reformed company flourishing. I’m leaving it on the shelf for now.


The oil stock I prefer

Even after the Deepwater Horizon oil spill in 2010, the BP share price was still higher than it is now. This highlights the pain inflicted on the firm throughout the pandemic. However, as a leading energy company worldwide, I still remain bullish on BP shares.

Indeed, the company has already made “a commitment to return at least 60% of surplus cash to shareholders through share buybacks, once BP’s balance sheet has been de-leveraged”. This accompanies a dividend currently yielding around 6%. The BP share price therefore looks far too cheap to me right now.

Of course, the company will face significant headwinds over the next few years. For example, BP’s debt is still too high and lockdowns around the world should continue to depress oil prices. But I believe that Bernard Looney is a competent leader and the renewable energy transition shows progress. Questions still remain over whether this will make BP more profitable, but I’m willing to take the risk.


Stuart Blair owns shares in BP. The Motley Fool UK has no position in any of the shares mentioned.

[irish luck] 05/1/2021 10:38

Grupo

Thank you for your comment.

Invisage
Yes, BP will return hopefully to £4, but what a long time to wait.
There are more gaps above atm to be filled so 284 is a target short term.
I am a day trader looking to make money every day, and yes some days I get it wrong.
If I was a long term holder I would not even bother posting, no disrespect, but seems such a waste of time.
The secret is to try and have indicators that show oversold or overbought conditions and trade them.
I really hope all you guys do make money, because that's what share trading is all about, but to fall in love with one share and be oblivious to what's going on out at sea is crazy.

[invisage] 05/1/2021 10:16

Irish

You are trading the pennies, my eyes are on the pounds.......60% return by end 2021

£4 target.

Brent Blue again......Easier to think long term and sit tight, it is the holding that makes the money.

Time in the market.

[irish luck] 05/1/2021 09:39

Invisage

Dont get to excited , they have left yesterdays close gap to fill at 254.50

[invisage] 05/1/2021 08:14

Nice rally to start the morning

Institutions dumped the price yesterday to pick up stock, they realize no luck with getting stock in large size so now they have to bid up and chase the price up.

[waldron] 05/1/2021 07:45

European markets head for lower open as coronavirus weighs on sentiment

Published Tue, Jan 5 20211:08 AM EST

Holly Ellyatt
@HollyEllyatt

Key Points

London’s FTSE is seen opening 25 points lower at 6,554, Germany’s DAX 54 points lower at 13,682, France’s CAC 40 20 points lower at 5,571 and Italy’s FTSE MIB 112 points lower at 22,048, according to IG.

[invisage] 04/1/2021 23:07

The majority of the Opec Plus group are favoring a rollover of the current production levels, while Russia and Kazakhstan want an increase of 500k in Feb. For now the OPEC Plus meeting tomorrow is scheduled at 15:30 vienna time.



Guess they were waiting and watching to see what happens to UK lockdowns etc and more time to think it through, hopefully they hold production steady.


Boris and co will be working their backsides off to get the vaccines into more arms quicker, probably would not have been as urgent as it is now if we didn't have this lockdown.

Still don't think it will be anywhere as bad as March though, there are quite a few exceptions like those who can't work from home can work outside etc

[creddy] 04/1/2021 18:39

Time to top up. Opec set to announce production cuts/cap. Always do your own thinking.

[invisage] 04/1/2021 18:22

Energy only sector blue in the US

[skinny] 04/1/2021 18:20

Bracke - and me!

Here comes the DOW and the £/$ might make things brighter in the morning.

[invisage] 04/1/2021 18:18

BP rallying hard in the US since london close.

The number of 80 year olds getting Ill in the UK from COVID has dropped dramatically according to the UK, that is the vaccine taking effect.


A few more weeks of this and the number of deaths should drop sharply.

[bracke] 04/1/2021 17:58

Quite right too Skinny but had it been a black swan it could have been misconstrued.

Not heard that song for years, it took me back......