Bp Share Discussion Threads

[hazl] 24/11/2021 09:14

These are up and coming countries.
BP Have the clout to get the best research out there.


'In addition to its Ohio manufacturing facilities, First Solar also operates factories in Vietnam and Malaysia, and has previously announced plans to build a new 3.3GW factory in India that is expected to be commissioned in the second half of 2023. With First Solar’s expansion in the United States and India and optimization of its existing fleet, the company anticipates that its nameplate manufacturing capacity will double to 16GW by 2024.
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[klotzak] 24/11/2021 08:45

I do wonder if this is the run to 400? Jingle bell rally, sound fundamentals, on the right side of the supply-demand chain and looking cheap to US investors.I could, of course, just be dribbling, but it's feeling good.

[veryniceperson] 24/11/2021 08:37

Shoosh, don't jinx it. Looks like it.

[hazl] 24/11/2021 08:35

BP. Going to have a good day again by the looks of it.

[hellscream] 24/11/2021 03:54

wish the government had the same concern with super high housing costs as with oil to push house prices down.

last time i checked housing is the number one cost to people. so lower housing equals hiher expendable income. no no lets have housing go up £50k per year and all cheer.

[marktime1231] 23/11/2021 18:33

Oh well, if it is only billions of losses on paper that is alright then? Read the last report again, where in connection with trading and hedging losses they hoped for prices to settle to ease the damage. Selling someone else's gas for future delivery is troublesome in a rising market.

Agreed, stockpiles other than those in surplus will need to be replenished which only serves to reinforce future demand. I can't work out how anyone will win.

[planit2] 23/11/2021 18:22

"I dread to think what invisible damage this is doing to BP's finances, they were praying for natural gas prices back to normal to stem enormous trading/hedging losses reported last quarter"

this is not correct, BP make money out of higher gas prices. The paper loss is because most gas is supplied on long term contracts making future income more predictable. when there is a large move up you will get a one off paper loss. All the current sales benefit from higher prices and their trading unit will love volatility.

"This can only be a temporary measure with limited effect."

It is even worse than that, the oil needs to be returned next year so they are reducing demand now and increasing it next year. It should flatten the backwardation curve and the companies involved (or the government) will make a packet.

Total US reserves (including SPR) are very low by historical standards so they can't keep selling it off.

[marktime1231] 23/11/2021 18:09

It sounds like the proposed release of reserves over extended periods are easily countered or ignored by OPEC+. In the UK, for example, a voluntary release from private stockpiles of 1.5 mbbl over three months would reduce the need for net imports by less than 2%. OPEC+ could very easily adjust its incremental 400,000 bopd production plan to compensate, the effect on prices and revenues will be slight and short lived.

An unsustainable gesture. Biden can only afford to deplete the US SPR so far. Even on a swap basis, where reserves are released now on condition they are replaced with cheaper futures, the policy doesn't have legs.

The real consequence will be an extra strain on relations between net importers and net exporters, specifically the top consumer nations which Biden has pressed to support his plan and the major Arab producer nations.

Once again interfering with markets in order to "protect" citizen voters from the real price of energy turns out to be difficult. The OFGEM price cap on domestic tariffs putting Bulb into special administration today surely not the intended consequence, and one which taxpayer voters will end up paying for one way or another.

Surely the free market solution would be to leave it to the forces of supply and demand to find a balance, with protection of course for those in need of support. Or does the green agenda oblige us to stop sourcing and producing the natural gas we need?

[charlie9038] 23/11/2021 17:19

When you think the market will drop, the reverse happens, this explains todays share price rise:

[pastyman3851] 23/11/2021 16:51

https://finance-yahoo-com.cdn.ampproject.org/v/s/finance.yahoo.com/amphtml/news/lightsource-bp-bp-sign-multi-133000456.html?amp_gsa=1&_js_v=a6&usqp=mq331AQIKAGwASCAAgM%3D#amp_tf=From%20%251%24s&aoh=16376857708122&csi=0&referrer=https%3A%2F%2Fwww.google.com&ampshare=https%3A%2F%2Ffinance.yahoo.com%2Fnews%2Flightsource-bp-bp-sign-multi-133000456.html

[pierre oreilly] 23/11/2021 14:41

BP one of the biggest in ev charging. 46p/kWh too. Buy at 4p, sell at 46p - that beats petrol retail profits.

[w1ndjammer] 23/11/2021 14:28

looks like its having the opposite effect Brent back above $80

WJ.

[hazl] 23/11/2021 13:10

A sudden jump.

[spacecake] 23/11/2021 08:44

I can only assume you must be antisocial, don't travel to work on crowed public transport but then again, the pandemic has only just started so continue to be careful it's still out there and get used to C-19 being around for a long time (think decades).

[hazl] 22/11/2021 21:38

A good day share price better than some.

[marktime1231] 22/11/2021 19:55

If you are OPEC+ faced with the threat of a co-ordinated switch to reserves by major consumers, intended to disturb the oil market and punish OPEC+ for not accelerating supply to dampen prices?

Stick to Plan A and steadily restore production keeping prices strong. And work out how to deal with a temporary sudden glut as nations drawing on reserves for a few weeks absent themselves. Call Biden's bluff.

Or Plan B. Punish uppity consumers for attempting to upset the cosy producer cartel. Turn off the pumps, cause a global fuel crisis, until one or more nations break step with Biden.

Or Plan C. Back down and agree to Biden's demand to ramp up production and see oil prices settle back.

[hazl] 22/11/2021 18:58

Lightsource bp has agreed to procure up to 4.3GWDC of modules for its US utility-scale projects, and bp will procure up to 1.1GWDC to power their projects being developed by Lightsource bp. bp acquired the projects as part of its net zero ambition and target to grow its net developed renewable generating capacity to 20GW by 2025 and 50GW by 2030. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas.

The framework agreements, the largest in First Solar’s history, will provide modules scheduled to be delivered between 2023 and 2025 to support the companies’ solar development pipelines in the United States. Under the agreement, First Solar has firm orders for 1.55GWDC of modules in 2023, 1.3GWDC in 2024, and 1.55GWDC in 2025.

“This landmark solar industry procurement deal is a testimony to Lightsource bp’s exponential growth in the United States, and our confidence in First Solar’s technology,” said Kevin Smith, chief executive officer, Americas, Lightsource bp. “As we continue to grow and progress our 10GW development pipeline across America, in addition to our partner bp’s 9GWs, executing significant long-term procurement agreements with bankable, world class suppliers like First Solar enables us to deliver on our growth plans and industry-leading global target of 25GW of solar by 2025. It also translates into competitively priced electricity for our customers.”

[hazl] 22/11/2021 15:32

Good ol' BP .
Making itself more ethical every day.