Bp Share Discussion Threads

[aleman] 15/2/2021 10:43

Seems awfully cheap compared to the oil price. Surely it must rise unless oil falls back. I've bought to hold for the longer term but the pattern on the averages is unusual. All 3 together with the share price is a rarity.

[crazi] 15/2/2021 10:41

I still feel 350 by Summer...

[gwatson56] 15/2/2021 10:30

When Looney took the helm he was very bullish re the trading arm as the contribution to the bottom line was significant. The last reported update noted the reverse of fortunes for trading.... must have been a pretty big number.... anyway I seem to remember that the reason was the bets on the US having a cold winter against Asia. The wrong bet qtr4, but looking at qtr 1 gas prices in the US have rebounded strongly. I think BP trading are coining it in now. I believe that the BP share price is undervalued, should be north of £3.

[invisage] 15/2/2021 10:25

Pressure indeed....clocks ticking, BP bank balance rising daily...

[crazi] 15/2/2021 10:20

Hedge Funds and MM's all trying very hard to limit any rises. The pressure is starting to build again though...

[geckotheglorious] 15/2/2021 09:28

Crazi,

Short squeezes coming across the board.
Poo side, Brent now $63 odd on back on US oil shut ins as atrocious weather impacts.
As to the squeeze rest of market side, another massive stimulus package coming - guess the destination of many of those stimulus cheques!!!
Stockmarket punting!

[jobs2view] 15/2/2021 09:03

Phew! Onwards and upwards!

[invisage] 15/2/2021 08:54

There is a very rational point to be made here: the oil price is disconnected from the share price.

That is the case across the sector. That disconnect cannot continue indefinitely.

With every dollar rise in Brent BP's cash on balance sheet is growing and in turn the net debt is reducing and we get closer to the magical $35bn net debt figure which triggers the buy backs.

It is a case of waiting....the longer the low price persists the more rapid the bounce will occur when it comes.

[kasamavic] 15/2/2021 08:19

"His expectations are hold and wait. Mine are like I want it now. So F off with your Chita chatta. So what if I show despair on one day. Did I sell? No! Ok then. You must be in deep shorts you bitter gremlin oh dear!"Not bitter at all, if you read the posts you'd see I'm holding shares His expectations aren't hold and wait, he advised you to sell a while ago and it shot up. Wrong again.Let's face it, would anyone trust him investing their hard earned money.

[jobs2view] 15/2/2021 08:15

Brent rising. Divi locked in Friday. Vaccine numbers rising. Lockdown easing. Should be a good week. Which would help as its been battered these last 2 weeks.

[klotzak] 15/2/2021 06:56

Short, no. Angry, no. It shouldn't have come across like it did,... apologies for that. I want to make money like you, and with the futures pointing up I reckon we're good today.

[hellscream] 15/2/2021 06:19

why are we a £2 share while oil is 64$, thought the market were forward looking??

[johnwise] 15/2/2021 05:05

Another rich guy Bill Gates falls for the government's climate change/global warming scam..

Bill Gates on climate change: I’m another ‘rich guy with an opinion’ — but here’s why you should listen




Global warming a total “hoax and scam” run by corrupt scientists, warns Greenpeace co-founder




Video: The truth about global warming


VIDEO: A Dearth of Carbon Dr. Patrick Moore


VIDEO: European Parliament Told 'There is No Climate Emergency!'


Exposed: How world leaders were duped into investing billions over manipulated global warming data

[slinkyj] 15/2/2021 02:55

His expectations are hold and wait. Mine are like I want it now. So F off with your Chita chatta. So what if I show despair on one day. Did I sell? No! Ok then. You must be in deep shorts you bitter gremlin oh dear!

[leadersoffice] 15/2/2021 00:45

Close your shorts you suckers.... or get burnt. Rightly or wrongly the rise in oil prices shows no signs of abating and with each pull back serves more rocket fuel for the next leg up. Commodities in general may continue to enjoy a much longer rise.

[invisage] 14/2/2021 23:26

BP Will know more than most players in the market whether the current oil price is sustainable and obviously as they have Dividend payments and Debt interest to service they are likely to hedge their Oil production if they think Oil price likely to drop back...........


The outlook is so much better than where they were a year ago when Oil was last at $63/bbl yet the share price is half.

The penny will eventually drop.....6 more weeks until Q1 ends and we get another cycle of results....

[invisage] 14/2/2021 23:12

FTSE now 6640 - Up 0.8% on Fridays close

[invisage] 14/2/2021 23:01

Brent just hit $63/bbl

[kasamavic] 14/2/2021 22:44

Slinky, let's face it, your mates tips have been dire Your last one when you said buy and it went up 5-6 points was followed by you saying "no words" or similar as if to say he's got it right. It was followed by a big drop, so any credibility has gone out of the window.Even a broken clock is right twice a day. He'll get it right at some point.

[invisage] 14/2/2021 22:34

UK MINISTERS ARE LOOKING TO BEGIN LIFTING RESTRICTIONS FROM MARCH 8TH - THE TELEGRAPH

[slinkyj] 14/2/2021 22:32

Not oil pal, do some dyor before you rant. Angry as you are short no doubt. Oh dear

[planit2] 14/2/2021 20:49

It would be great to see a nice move up in the morning and over the next week.

Oil up 12% and BP down 15% over the last month with the economic outlook improving [in the press coverage] during the last week.

I really can't see why anyone would be short at the moment and the zerohedge article summed up my feelings (so I must be going mad LOL).