Bp Share Discussion Threads

[planit2] 28/10/2021 14:57

Every qtr this year RDS has warned that it has taken a hit on hedging and every qtr BP has done well.
Seems to extend from BP having a bullish outlook for oil this year and RDS having a negative one. RDS seemed to lock in $40 oil (and gas) with long term contracts.

Of course I am probably completely wrong but I am loading up with BP as I am gambling that they have not made the same mistake.

[richvandam] 28/10/2021 09:51

It was just short of analyst predictions, by around 800mil; also looks like they retained same dividend payout. Looks like investors pulled the plug.

[zaxarobal] 28/10/2021 08:54

why is the market going up?"because people are buying"why are they buying?"because the market is going up"

[planit2] 28/10/2021 07:54

I am now hoping BP were on the other end of the terrible $5bn trading/hedging performance at RDS.

BP at least seems to have a clear strategy and direction and Shell are wondering around in the dark reacting to court rulings.

[hellscream] 28/10/2021 05:40

exxon upped dividend,Suncor Energy upped dividend 100%, yet this ceo said last year oil was never going over $60 again, tho the chancellor did force his hand. (tho i am shocked the chancellor didnt do any punishment tax on us).

[marktime1231] 27/10/2021 21:37

$500M is a trivial stake in view of Shell having a market cap around $140B. Probably visible in US filings whereas NBIMs larger stakes are not for some extraordinary reason dispensated from disclosure, but we now know the latter hold stakes in BP and Shell worth many billions.

Nevertheless, chatter of activist investment seeking to split energy companies into fossil fuel and green energy parts is overdue. It will excite in equal measure those who are struck on renewables and clean energy investment and those who see huge realisable value in oil and gas and don't mind the flack eg take private.

The sticking point is natural gas in transition, for BP anyway. Can't imagine RDS taking too much notice either, it is more frightened of being skewered by environmental rights activists in the Dutch courts. But I wonder why Third Point have chosen Shell (only?), and what price they have in mind. Everyone will be thinking the same logic applies to several energy majors in transition.

The chatter might trigger a sector rerating to please those who think BP should be at 420p already. Good if you want to trade your gain, not so good for the buyback if you are holding for income.

[spawny100] 27/10/2021 19:37

Agree planit. It's yin and yang for oil companies being forced to diversify. The 2 sides need each other to survive.

[porsche1945] 27/10/2021 19:34

Bloomberg. Activist investor Dan Loeb has built a position in Royal Dutch Shell Plc and is pushing for a break-up of the energy giant, marking the most serious challenge yet to its strategy of embracing the energy transition while continuing to pump oil and gas.

Let’s hope this pile of underperforming crxp gets a US activist investor onboard soon, its the only thing that gets prices moving on dog index of the world ftse100.

[planit2] 27/10/2021 18:42

I don't see how they can do that, as soon as the fossil fuel company is separate the activists will be asking what it is doing to go green and become net zero

[planit2] 27/10/2021 17:15

I thought BP had the biggest and most successful trading division. Shell's trading division is newer and not as successful.
Judging by the continual warnings Shell have been making regarding trading and hedging in the last 2 quarters and the success that BP has had my thoughts are not very wrong.

Shell in their RNS earlier this month warned on bad gas performance, I am hoping BP do significantly better than them this qtr and the share price catches up the ground it lost in the last couple of months.

[31337 c0d3r] 27/10/2021 14:50

How high is BP likely to go, and when is the share price likely to peak?

[1lock] 27/10/2021 14:37

Thanks.

I have the Ex Dividend date for the 11th November but I know this can alter slightly,

[veryniceperson] 27/10/2021 13:46

Your dead right. 2nd it is.

[1lock] 27/10/2021 12:58

Hello
Can someone be kind enough to confirm the date of results & Ex dividend please.

Thanks

[marktime1231] 27/10/2021 12:02

Can't imagine Sunak clobbering the gas sector with a windfall tax, but then I couldn't imagine a conservative chancellor promising money we haven't got on all sorts of spending programmes.

A good signal from Equinor, although my small brain is struggling with this ...

"The Marketing, midstream and processing segment delivered high results mainly due to the mark to market impact of derivatives related to gas sales to Europe. These gains will be followed by losses in the segment when volumes are delivered under the long-term contracts."

Worth noting that Equinor is more than doubling its quarterly buyback programme.

[sawney] 27/10/2021 07:17

Exclusive-Gas crisis helps to land BP $500 million windfall

Perhaps windfall is an unfortunate choice of description...Rishi has probably seen this too...

Equinor seem to have done ok 3Q...

[marktime1231] 26/10/2021 21:13

Good find gwatson thanks, not bankable comments (don't quote us because we are not supposed to reveal inside info to the press) but hopefully it is right that BP has netted a gas trading windfall to put icing on what we know will already be a bumper Q3. I thought BP were a major player but that article says smaller than Shell and Equinor, so maybe there is a case for investment in expanding LNG shipping.

Commentary on investing.com or was it oil.com reporting today one US forecast saying $100 oil this year looks increasingly on the cards and another that GS are contemplating a note to say its $90 forecast is likely to be breached. Given how well Q4 has started we have another massive surplus to look forward to.

The buyback is struggling to complete by the due date, it will be close with a late splurge or fall slightly short. Unable to acquire the volume in competition with other big buyers eg NBIM? The hiatus as the share price rose through 320p looking like a costly error in hindsight. The Dutch Pension Fund reportedly has been pressured into deciding to divest all its fossil fuel investments by 2023, it only has about E100M of BP stock but every little helps.

I can imagine UK blue chips including BP will be lined up to announce major renewables investments during COP26 to add tussle to Boris, but the negative PR is winning at the moment.

[hellscream] 26/10/2021 19:50

why is exxon up 2-3% today?

[gwatson56] 26/10/2021 19:27

Looking good for next week...

Exclusive-Gas crisis helps to land BP $500 million windfall