Bp Share Discussion Threads

[veryniceperson] 19/4/2021 13:17

We might see $67 + a barrel this week. Gut feeling.

[portside1] 19/4/2021 11:13

Mark the news coming out is all good nothing bad Which in my view means 400p no problem

[portside1] 19/4/2021 11:07

Very sad news Lorna Brooke as died very sad only 37

[marktime1231] 19/4/2021 11:04

It all depends if you are looking at things as an income investor or seeking capital growth. Of course if stock is discounted it makes sense to buyback, but upping the dividend would restore the share price much quicker.

Keep wondering how different things would be without the near £50B cost of the Deepwater Horizon disaster. Are payments nearly complete, so we have £5B a year to spend on other things? Who got all the dough?

Pleased to read over the weekend BP has finally determined to quit flaring natural gas while exploiting the shale oil assets Looney acquired from BHP in the Permian Basin, a no-brainer to capture the gas to put it to good use. An utterly filthy operation, flaring and venting greenhouse gases the very worst by-activity, it would be hard to regard BP as anything approaching green until it solves this.

[portside1] 19/4/2021 10:49

Looking good for update

[portside1] 19/4/2021 10:46

Nutter with many names

[dominiccummings] 18/4/2021 19:30

Looking good for tomorrow then!

[planit2] 18/4/2021 10:16

Buying back shares at the current price is much better than dividends as you are effectively paying 80p per pound of value.

Zero debt would be bad if they issued $35bn of new shares at a discount to the current price to cancel the debt.

I am very happy with both leaving debt at $35bn and using as much money at possible for share buybacks whilst the price is so low. In 2 years time we will reap the rewards.

[portside1] 17/4/2021 21:44

No reduce debt even more is the answer ,debt is never good

[marktime1231] 17/4/2021 17:24

That is three bits of good news in a row ... Looney announces debt target has already been hit allowing buybacks to start, they strike commercial oil adjacent to existing operations in the Gulf of Mexico, and HSBC join the consensus chorus that BP is now a 355-360p BUY. Brent holding up around $65.

The niggle then might be that Looney will put any and all surplus cash in to buybacks, with no prospect of the rebased dividend improving on 5.25c/qtr for how long? Hmmmmm, I quite like my shareholder returns in cash.

[portside1] 17/4/2021 10:48

Never believe a word what any so called ANALYST says they are no more than liars and crooks Bp is a big buy and now think that 400 plus is on the cards

[gwatson56] 16/4/2021 20:41

HSBC analyst Gordon Gray upgraded BP Plc. (BP:LN) (NYSE: BP) from Hold to Buy with a price target of GBP3.55

edit 17/4.....the previous note from HSBC analyst Gordon Gray

30/11/20

HSBC analyst Gordon Gray downgraded BP to Hold from Buy with a price target of 300 GBp, up from 260 GBp. While Gray likes the BP story, the analyst feels the stock could struggle to outperform further, arguing that the potential catalyst of future buybacks is still a few quarters out.

[portside1] 16/4/2021 16:54

Look at the buys after close , these are being manipulated for buyers in the know , 350 easy

[meb123] 16/4/2021 16:10

Sorry misinterpreted. Does anyone know what HSBC's price target is?

[meb123] 16/4/2021 15:50

But with BP it's almost there ie 305 So how does the but recommendation work?

[philanderer] 16/4/2021 13:28

Today’s biggest blue-chip risers included BT Group, which jumped 2.85p to 153.4p after analysts at JP Morgan raised their price target to 230p. BP also lifted 2.25p to 305.75p after HSBC placed a “buy” recommendation on the oil giant.

[planit2] 15/4/2021 20:52

The first date would fit in with the trading update on the 27th, I can't believe it didn't rerate slightly on the update from the 6th but it could rise into the update and continue afterwards.

[chartistic] 15/4/2021 20:21

might be possible pivot highs of 359p on 30 april and 410p on 16th july from charts

[planit2] 15/4/2021 18:45

UK US opening up but India etc having a bad Covid wave. Not surprising investors are worried currently.

I think we are at least 4 weeks away for confirmation that India cases are under control. After that we can start looking ahead if World covid cases are dropping.

[gwatson56] 15/4/2021 17:55

See POO is on the way up again. BP options expiry is 16/4 in the US. I suspect the share price will bounce around tomorrow before continuing its upwards move next week. Looking at MarketScreener the average of analysts estimate for the share price is showing fair value at 350.

[maximus57] 15/4/2021 17:32

Not so sure there seems a lack of appetite here, low volume and a couple of big sells over last couple of days. Surprising right enough given current price of oil and latest update. Is it just me or do others get the impression the market is a bit flat just now. Its as though it's waiting on some form of momentum movrr either upwards or downwards.