Bp Share Discussion Threads

[planit2] 15/4/2021 07:57

I have been going through the last presentation slides from Feb. I can't understand why the market took the update badly.
The announcement last week that net debt target was hit 3 qtrs early was also under-appreciated.

Looking at their own projections from the presentation there would be about $7bn of share buy backs on $60 oil. We have been above that figure for most of the first qtr and if you add on the excellent 1st qtr profits (sounds like mainly from futures trading) then the buy backs could be approaching their $70 oil prediction which was $10bn. This sounds a bit too good to be true but we will see.


FT also has an article on US shale today, investors don't want to sink money in so they are producing as fast as they can at the moment to increase cash flow. Production will be sinking in the second half. In my opinion oil will need to be sustained at over $70 for investment to start flowing in (and then there will be a delay till production)

Overall I am of the opinion that BP is very under valued.

[veryniceperson] 14/4/2021 18:13

Hi hellscream. They wasn't going to pay a dividend at 10% plus and I've been caught out as well. Let's just hope they raise it as the share price rises.

[portside1] 14/4/2021 18:00

It was a wise decision now about to resume div policy The div is a bonus. The share price is going to rise big time

[hellscream] 14/4/2021 16:37

dividend was cut 50%, thats my beef.

[meb123] 14/4/2021 16:09

Absolutely What's there not to like about it ? Surging profitsDebt being cutOil well above 60Sharebuy backs Have I missed anything? Maybe I have according to Citi if they stick with a 300 price target

[portside1] 14/4/2021 15:54

As I posted a great buy 350

[plastow] 14/4/2021 15:48

At long last daily looks good for a leg up

[portside1] 14/4/2021 15:12

A great buy looking for 350

[portside1] 13/4/2021 15:31

Another good update ,350 is coming by June

[waldron] 13/4/2021 12:50

BP PLC said it has discovered oil at the Puma West prospect in the deepwater U.S. Gulf of Mexico.

The well, drilled by BP on behalf of co-owners Chevron U.S.A. Inc. and Talos Energy, is located west of the BP-operated Mad Dog field and is about 131 miles off the coast of Louisiana in 4,108 feet of water, the company said Tuesday. The well was drilled to a depth of 23,530 feet, it said.

BP said preliminary data points to the potential for a commercial volume of hydrocarbons.

BP operates Puma West with a 50% stake, while Chevron and Talos Energy each own 25%.



Write to Dave Sebastian at [e-mail]



(END) Dow Jones Newswires

April 13, 2021 07:17 ET (11:17 GMT)

[zaxarobal] 12/4/2021 20:43

Oil at $60 is undoubtedly a comfortable price level for U.S. shale. The longer OPEC+ is careful not to sink prices by easing the cuts too much, the more comfortable U.S. producers will be in their spending and drilling activity. OPEC+ will be closely watching and responding with production hikes to the potentially faster-than-expected recovery of American production. But the alliance will also need to be careful not to further ease the cuts sooner than the market requires, because sinking U.S. shale again by crashing oil prices will also sink the budgets of the OPEC producers, who continue to be too dependent on oil revenues and haven't yet recovered from last year's price collapse.

[babybear] 12/4/2021 19:44

? class aftertiming from them

[spagboll] 12/4/2021 15:08

ha ha I think we all know the answer to that even if we do get excited when they mention stocks we are invested in.

[meb123] 12/4/2021 14:42

With Citibank predicting 300 , do these banks really know what they are talking about ?

[sarkasm] 12/4/2021 09:15

Analyst Giacomo Romeo from Jefferies research gives the stock a Neutral rating. The target price is reviewed upwards from GBX 270 to GBX 320.

[portside1] 11/4/2021 10:30

Mercer 95 , yes that is why I started to buy And still buying

[mercer95] 10/4/2021 13:25

It’s not dishonest, the mms just move the price where the most price action is, I bought in yesterday, Trading Update on the 27th of this month, the share buyback can be indication the board thinks the company is being undervalued by the market at the moment IMO GLA

[portside1] 09/4/2021 11:54

By latest update on debt ,The buy backs only help those that want to sell up And it reduces the number for divs But it does very little for long term holders It should be paid out in special div in my view

[wolansm] 09/4/2021 09:21

Perhaps 7 or 8 years time

[rogerramjett] 08/4/2021 18:15

What's the chances of the divi returning to previous levels or somewhere in between ?

Based on 5.25c it's 15.1p per year and just over 5%. BP always seems to pay around 6% at 500p.

I hear share buy backs could be on the cards

[portside1] 08/4/2021 17:19

Their know how to manipulate the share price that's why they are in the job you have to be dishonest that is why they work in finance

[portside1] 08/4/2021 16:16

It's just mms doing what they are paid for Buy buy buy