Bp Share Discussion Threads

[richvandam] 02/2/2023 08:23

All media reporting; their profits were due to the war in Ukraine….

[scruff1] 02/2/2023 08:14

A similar visit to the road to Damascus instead of Davos by our Loonytic government would also be welcome

[adg] 02/2/2023 08:11

Great set of results for Shell today, 15% dividend hike. BP on Tuesday so here’s hoping for similar theme for us also

[veryniceperson] 02/2/2023 08:07

Good post adg and totally agree.

[stevenrevell] 02/2/2023 07:40

When are annual results out

[hellscream] 02/2/2023 03:33

restore 20%-30% of the dividend will help.

[adg] 01/2/2023 23:08

The chief executive of BP plans to “dial back” a push into renewable energy after disappointment with the financial returns it has so far generated, according to reports.

Bernard Looney is said to have told colleagues he is disappointed with the outcomes so far from the company’s push into areas such as wind and plans to narrow its focus.

He is also said to believe that BP needs to do more to convince shareholders that it is focused on maximising profits and will place less emphasis on so-called ESG (ethical, social and governance) commitments, the Wall Street Journal reported.

Even a partial reversal on BP’s push into renewable energy would mark a significant change in tone from Mr Looney.

... Daily Telegraph

[adg] 01/2/2023 10:39

Actually makes me laugh out loud that there is a pathetic cretinous delusional tree hugging keyboard-eco-warrior on this bb who looks in now and then and gets some sort of perverse satisfaction down ticking each and every post 🤣

So back to business - where are we going? 500p is proving to be a tough nut to crack but I do think it’ll go sometime soon - also the murmur of bp being a cheap target for Chevron / Exxon is encouraging - money aside just the prospect of giving this countries moronic government Pand mainly brainwashed WOKE population a great big “FU & goodbye” would be perversely satisfying - and Shell too.
Fwiw I still think mid to late 500s is entirely achievable this year. Need to lift dividends both here and at Shell. Also need to cut investment in the UK to send a strong message to government and the idiotic masses that it’s just not worth doing business here in the UK anymore - and his help is of that other idiot (and bunch of idiots) get in power next year…………… will have to introduce fart power for when the wind don’t blow and sun don’t shine

[dondee] 31/1/2023 11:46

A good buying opportunity today. Shaking the tree.

[hellscream] 31/1/2023 06:58

LEAVE the country please BP. the country is NOT entitled to our money.

[dondee] 30/1/2023 08:56

SBRY and BP. both suggested possible takeover targets in the weekend press.

[hazl] 29/1/2023 14:54

OT Perhaps but I think there's just as much of a chance of a takeover of SMRT
as Goldman Sachs and now Jeffries in the last month have both aquired stakes.
I have known them hunt together before.
For example ICON.

[scruff1] 29/1/2023 12:07

Nothing to do with M&G as far as I can tell - just a comment from one of its analysts. Not exactly a new observation really. My own gut feeling is that I cant see it happening.

They havent blocked much else. Maybe they will slap a windfall tax on Chevron and Exxon!

[hazl] 29/1/2023 11:53

Thanks skinny.

Philby there is a critical article about Shells broadband, in the paper, which you might want to read?

imo

[viscount1] 29/1/2023 10:47

I hope M&G is not in charge of anything important. There is a very high regulatory/antitrust bar for a deal that big amongst supermajors.

Also the "conservative" UK government will go mental and probably block it using anti-terrorism powers or some such nonsense.

[skinny] 29/1/2023 10:03

This link?

[hazl] 29/1/2023 09:28

The Times has a short article claiming that BP. is vulnerable to a bid with it's low valuation.

[hazl] 29/1/2023 09:25

The Times has the takeover theme,too, in a short article.

[scruff1] 29/1/2023 09:16

I see M&G has warned that low valuations for listed companies leave some vulnerable to takeover, singling out BP

[hellscream] 29/1/2023 06:27

i doubt we get a dividend raise, looney is not for turning, hes sticking with hes yearly increase. dont want to upset the people...

[viscount1] 27/1/2023 11:40

And you may well be lucky, given there is a hint of continued energy price volatility (and I mean volatility not necessarily just rises). BP has a world class trading operation that makes pots of money during volatility of either gas or oil.

[adg] 27/1/2023 11:39

The Yanks could placate all the idiots this side of the Atlantic (all the deluded politicians and kid-keyboard programmed eco-warriors) by just buying the O&G side of the businesses and leave bp and shell with all the rest…. Ermmm so……R30;…. Basically which is ermmmmmm…. Nothing

[optomistic] 27/1/2023 11:35

So 450-500 would be a good trade then but but do not invest for the long term. I like the 50p trade idea but I think our pension funds have substantial amounts in BP for long term.
My thoughts were to sell at 500 but so much is happening soon ie the results and oil firming up again I am looking for a little more than 500 now.

[viscount1] 27/1/2023 11:24

450 in the short term, never in the long term.