Bp Share Discussion Threads

[jackpotjack] 07/7/2022 19:33

It's good to keep it bouncing around as that keeps shale less confident to pore billions into drilling programmes...

[smurfy2001] 07/7/2022 15:35

Shell raises value of oil and gas assets as refining soars

[younasm] 07/7/2022 12:14

Some of oil the producers are happy to manipulate the news for "short supply " whilst they are over producing oil to cash in prices above $100 bbl.Things will eventually settle down. $80-$110 is a very healthy/ acceptable price for WTI

[adg] 07/7/2022 11:58

Agree totally - every single gram of my being is saying this is all utterly crazy, on one hand the saying that "the market is always right" nags at the back of my mind and I sit here wondering what i am missing. - there is the other saying that "value will always out"
On the other hand I am thinking that the market has got it wrong here and because of the utter chaos in the world coupled with the woke/green lunatics coupled with short sightedness of the masses but i really don't know what is right.
Common sense would dictate that the unfeasibly vast amounts of cash that the oil co's have generated, are generating and will continue to generate while oil/gas is high should in some way out itself in reflection of share price - but it isn't !
Oil demand will stay strong to some greater or lesser degree, oil supply just isn't there - so WTF?
I sit perplexed.... whilst a lot of people are making a lot of money out of this chaotic mess.

[smurfy2001] 07/7/2022 11:36

Interesting, thanks biddy.

[biddy74] 07/7/2022 11:34

Pop it on a weekly chart and it’s actually clinging to the uptrend channel so hopefully holds and pushes on to the next quarterly figures.

[smurfy2001] 07/7/2022 10:56

These price movements have me scratching my head..

[hellscream] 07/7/2022 05:33

america released 5 million barrels of oil from its reserves this week, trying hard to manipulate the price. think hes blew through 120+million barrels now! gonna be fun when hes gotta refill.

[smurfy2001] 06/7/2022 21:48

Bison's Young: Oil and Gas Stocks Are Very Mispriced
demand will be higher than expected even if Russia resumes providing oil to the European Union




US, Allies Discuss Capping Russian Oil

[moneyman50] 06/7/2022 18:51

Hellscream my post mentions the exchange rate-
$150 at 2 dollars to the pound gives £75 a barrel
$100 ar 1.2 dollars to the pound gives £83 a barrel
Take into account the 5p cut in fuel duty there is very little difference but hey!

[f56] 06/7/2022 18:47

Gordon Brown. HaHa! There’s no money left.

[f56] 06/7/2022 18:43

Biden using up the US strategic reserves is the equivalent of the Labour Party borrowing money. Eventually, it will run out.

[hellscream] 06/7/2022 18:35

you lot wanted to stay home for 2 years hiding from a little cold called covid, now pay the price cos it costed us £1 trillion pounds.

[hellscream] 06/7/2022 18:33

moneyman 50 you do know oil is bought in dollar right? back than £1 was $2, now £1 to $1.19

[f56] 06/7/2022 18:25

Global warming supporters can help the situation by ceasing all personal use of oil and gas. If they haven’t already done so.

[f56] 06/7/2022 18:02

Nordstream1 goes offline on 11th July. A catastrophe which will mark the end of life in Europe as we know it.

[moneyman50] 06/7/2022 17:30

Exactly Porsche 1945-2008 150 bucks a barrel -petrol price circa £1.45 a litre-now circa 100 bucks a barrel -petrol price £2 a litre after 5p duty cut-know exchange rate variable and refining costs have increased (although these I believe are owned by the likes of Shell and BP) but we are being totally ripped off.Transport costs have increased but this is mainly due to high fuel costs set by the likes of BP and Shell.
BP and Shell should be ashamed of themselves -feel blood pressure rising every time I fill up my Porsche

[hellscream] 06/7/2022 17:00

so why is america blowing 7 million barrels of its reserves of oil per week than porsch1945?

[porsche1945] 06/7/2022 16:34

2008 oil rocketed to 150 bucks a barrel, a year later it was 42, same happening again. There was no shortage of oil, when have you not been able to fill your car, yeah I know basket case U.K. but that was drivers not the product.

[moneyman50] 06/7/2022 16:16

Oil tanking again -let’s hope this is reflected in lower petrol and domestic fuel prices -or will the daylight robbery of all of us continue

[veryniceperson] 06/7/2022 15:18

Marvellous. 372 per share go figure. A company in real trouble, right!

[smurfy2001] 06/7/2022 15:15

Oil tanking again.

[hellscream] 06/7/2022 04:54

i dont class £2.5 trillion debt as a good job smurfy. any joe public can do a good job if all we did was print free money.
your job as a chancellor is too manage spending and borrowing (that involves cuts). if i wanted this i would of voted labour or the greens.

[hellscream] 06/7/2022 04:51

BP got the tools to counter this manipulation going on. should be taking full advantage of those buybacks, hoping for a big increase on those on results.