Bp Share Discussion Threads

[scruff1] 23/6/2023 07:20

Looking like another thumping today. My whole portfolio is mightily bruised

[hellscream] 23/6/2023 07:01

hope for a 5-10p down day today, no point being up for the dividend.

[gwatson56] 22/6/2023 14:22

I would agree adg as given the interest rate rise today to 5% and the £ heading south I honestly think the $/£ ratio will work in $ earner's (BP et al) favour as the markets take a good look at UK PLC prospects. Looking at what Labour are saying re energy and the state of the UK finances (pretty awful and getting worse) I am rejigging my holding's with the exception of BP. One thing that I did read was that Rysted estimates in excess of 2MBO per day deficit (world oil demand vs supply) second half. All it will take is sentiment to change and yes recent highs may indeed be possible this year.

[adg] 21/6/2023 21:15

Fwiw I think we will see new (recent) highs this year

[meb123] 21/6/2023 14:04

With Brent around $75 it looks like BP will hover around 460 . Can't see this changing unless oil goes up . Also I think I am right in saying that BPs profit guidance is based on oil at $70 . Someone please confirm this but if that's the case could have a glimmer of hope when the results are next released .

[meb123] 21/6/2023 09:21

Bad news on uk inflation and debt . Seems like BP likes it !

[gwatson56] 21/6/2023 08:25

See that UK debt now exceeds 100% of GDP. Core inflation up and the interest on Govt Debt I read is well over 100 Billion per annum pro rata. The £ is holding up as prospects of a 0.5% interest rate is now possible. Holding BP is as good a hedge against the £ given it's a $ earner as the markets are fickle and the £ might be targeted any time soon. Interesting times.

[scruff1] 21/6/2023 07:52

It is now.

[scruff1] 20/6/2023 17:52

Not certain its going up yet. Though Bailey is not the adventurous type so no doubt it will but I have heard a lot of good arguments leaving it alone.

[hellscream] 20/6/2023 17:21

hope they drop us 10p on thursday, the big build up on interest rates going up!.. dont know how it effects us tho.

[gwatson56] 20/6/2023 17:02

Seems to me that the oil market does not have a clear direction at the moment. Divi this week, so an option to top up assuming no gotcha's on the share price front. One thing that has become apparent to me is that Iran and Russia seem to have a lot of leverage with the POO. I just wonder come the Saudi 1MBO reduction in July that all that cheap Iranian and Russian (black) oil becomes less abundant ?... what will they want from the West to maintain the status quo, or is my guess work wide of the mark. Time will tell I suppose

[adg] 20/6/2023 08:19

BP 20% off recent highs, Shell only 10% off, not sure why the delta but defies logic. share price of both defies logic also - both should shut up shop in a country of haters (UK programmed to hate oil/gas and hate success) and move to the USA I say
Fwiw I see a big move up this year and new higher highs wouldn’t surprise me.

[scruff1] 17/6/2023 07:54

quatson
Dont get too excited. 72m were uncrossed and after 4.30 trades are even less clear than before

[hellscream] 17/6/2023 05:30

seen on the papers alot that only 4% of pension money goes into the stockmarket (was over 50% in thatchers years), this the reason the ftse has never gone up in the past 25 years?

atm its only shell looking that they have bottle to question the poor value of the ftse compared to the world... BP just rolls over as always.... i hope shell re-lists in the U.S.

[planit2] 16/6/2023 18:36

Hopefully it's all the ESG loving pension funds selling out. They seem to retain a position in order to cause misery for the holders.

It's not right when shareholders are cheering on the demise of the company.

[gwatson56] 16/6/2023 17:20

Another circa 130M volume today. Is someone taking a position ? I suppose it will come out 'in the wash' soon whatever the reason is. Eyes down Monday.

Edit 18.05. Just seen it is triple witching day today which could explain today's volume...

[gwatson56] 15/6/2023 20:55

Anyone any idea's re the circa 88 Million (seems off book) missing volume reported today

Total volume in excess of 132 million, just unable to trace the missing 88 Million. Perhaps 'off book'....

Bit of head scratching from me.... eyes down on the volume tomorrow, or perhaps a fat finger from someone today....

[hellscream] 15/6/2023 16:41

only thing that matter's is oil price, BP is making billions.

[daler1966] 15/6/2023 16:18

We need take over rumors from big US oilers

[veryniceperson] 15/6/2023 12:43

Probably right, worst luck.