Bp Share Discussion Threads

[kasamavic] 27/7/2023 13:22

Gas has been retreating since June last year when it peaked at 10.In January this year it's bottomed out at the average around 2 and yet it's taken 6 months before our bills have come down.I just can't see how they've justified holding prices so high.It's not surprising British Gas earned 10 x what it should have.https://www.m.livecharts.co.uk/MarketCharts/ngas.php#google_vignette

[marktime1231] 27/7/2023 12:30

A quick look at the consensus of analyst forecasts which predicts BP Q2 2023 replacement-cost profit of $3.5B down from $5B in Q1. That is a 40% fall, for obvious reasons like oil and gas prices retreating. Shell just posted a 47% profit decline so we could be due an earnings miss, or has Shell suffered bad trading which is exceptional to them?

However the BP share price has firmed recently with Brent back over $80, it may have further to travel, and we can expect dividend progress and continuing buybacks. Is the market for gas going to spike again this Winter, is delaying the transition plan undermining BP's future, has IC's change in recommendation from Sell to Hold put the kibosh on prospects?

Trying to time selling off my final tranche of BP bought during lockdown to bank the gains. Maybe use the proceeds to try and trade myself out of a really deep hole on i3E. Or invest in cheap stocks paying better yield which are likely to twang in response to strong signs of inflation under control, such as ...

[ariane] 24/7/2023 06:56

adg
23 Jul '23 - 21:19 - 8222 of 8222
0 0 0

[adg] 23/7/2023 21:19

hxxps://oilprice.com/Energy/Energy-General/Oil-Major-BP-Navigating-Geopolitical-Uncertainty.html

[adg] 19/7/2023 20:20

Definitely a differential of around 10% in recent shell vs bp performance since recent highs - shell are off around 10% whereas bp are off almost 20%
She’ll new CEO undoing damage done by eco-muppet Ben VB - Just need our resident Looney to follow suit - he did 6 mths ago when he upped oil production forecasts and look how positively that was received - seems to have fallen back from there

[meb123] 19/7/2023 14:18

Funnily enough Shell had more positive ratings and one of them raised the target. Given that BP and Shell are likely to move in the same direction, one wonders what their assumptions are .

[adg] 19/7/2023 11:57

Suppose it’s time to fill yer boots then - the ANALysts are generally cutting targets for share price and buy ratings so that’s a big flag to do the polar opposite to the “experts”;

[philanderer] 19/7/2023 09:52

Berenberg cuts BP price target to 490 (560) pence - 'hold'

JPMorgan cuts BP price target to 530 (570) pence - 'neutral'

[veryniceperson] 19/7/2023 09:45

We might just touch $80.00 a barrel, Brent crude.

[mortlolc] 17/7/2023 18:49

40% in differential price between themselves & how ExxonMobil is valued.

[scruff1] 17/7/2023 18:12

He also said something like a move to NY would increase the share price by 40p (I think it was)

[mortlolc] 17/7/2023 15:42

True, the new Shell CEO is a different breed to last one, the fact he mentioned no decisions on a potential move for 3 years, for me is a sign that he will do it if things don't change here in the UK. I like the fact he said 3 years as it gives him chance to see what happens politically after the GE here and the Presidential Election in the USA.

[meb123] 17/7/2023 15:25

We already had that with Shell when it moved it's main listing and HO to London from the Netherlands . Circumstances different granted .

[mortlolc] 17/7/2023 15:14

I think BP don't want be seen to be deserting the UK - Shell's new CEO recently was asked about the "value gap" between here & listings in the USA, he said "Shell has no plans to leave London" adding that he refused to rule out a future move."I would never rule out anything that could potentially create the right circumstances for the company and its shareholders,Ultimately, I am in the service of shareholder value."If things don't improve here in the next few years with the share price it won't shock me for the big fund managers to start to apply pressure to the board to move the listing to the USA - if Shell go then BP won't be far behind them.

[veryniceperson] 17/7/2023 14:35

Yes indeed, meb. Bloody frightening. Hopefully, revolt shareholders revolt maybe?

[meb123] 17/7/2023 13:32

If it has a big trading arm in the UK makes sense to move it somewhere else . But given its corporate woke nature, I think it wants to pay UK windfall taxes lol

[waldron] 17/7/2023 10:55

Thanks for the response Mort

appreciated

Have great week

[mortlolc] 17/7/2023 09:23

The reason I think the EU would be more of an issue is purely on the assets BP has within the EU & the potential job losses ,closures in the name of synergies and decreased competition in a much bigger market.BP doesn't really have many assets in the UK anymore & those it has ( thinking offshore assets) it's been slowly trying to get rid of - exception being Claire Ridge 1 & 2. It's trading arm is huge here, perhaps that could be a big issue here for the UK?

[scruff1] 17/7/2023 07:49

Not good data from China - seems to have affected the oil price. No doubt another day of losses

[waldron] 16/7/2023 15:13

Would not be surprised to see the likes of BP and Shell splitting out its assets and becoming less fossil fuel orientated

In other words

THE SUM OF THE PARTS WILL BECOME WORTH MORE THAN THE CURRENT WHOLE

Smaller and more refined

[waldron] 16/7/2023 14:26

Mort

what makes you speculate that,i would have thought it would be the UK initiating the first hurdle

Certainly makes one wonder which company would turn up to the party

If the EU could intervene,would it not be protecting UK from its self

Apparently over the years the UK has sold off the countries assets on the cheap,primarily to the Yanks

Mortlolc
16 Jul '23 - 13:48 - 8203 of 8203
0 0 0
If there was a T/O or merger the EU would be the biggest obstacle for any deal.

[mortlolc] 16/7/2023 13:48

If there was a T/O or merger the EU would be the biggest obstacle for any deal.

[viscount1] 16/7/2023 11:13

WindEurope is a lobby group of the wind industry. Their argument does not actually make any logical sense, they are just trying to get lower lease costs.