Bp Share Discussion Threads

[meb123] 16/8/2023 19:33

Oil is taking a beating this evening. Tomorrow is going to be pretty for BP shares

[adg] 16/8/2023 07:31

Fwiw I think if Brent hits $90 BP will be over £5 let alone WTI hitting $90 (which would infer a Brent price of circa $95)
Imho 3Q figures will be the springboard to the next leg of BP and Shell journey to £6 and £30 respectively

[younasm] 15/8/2023 17:37

BP went as high as 497p within last 10-trading days (intra day)Assuming WTI does not exceed $90, we can expect BP trading range of 455-490pLet's see what happens with inflation and interest rates in September

[tuftymatt] 15/8/2023 12:38

I would say $90 should see us at £5 subject to a half decent market also which we most certainly don't have right now!!

[hellscream] 15/8/2023 06:20

wonder what price we need oil to be to hit £5? you can tell this is being held down.

[younasm] 10/8/2023 10:31

Yep, xdiv today BP doing well supported by oil price.

[veryniceperson] 10/8/2023 09:23

Is it x div today? Doing OK if is

[peterp] 10/8/2023 08:46

Probably fat finger

[apol70] 09/8/2023 18:49

I see a trade went through today at a price rate of 428p. Can anyone explain how that is possible if the share price hasn't been at that level for a very long time..... Cheers.

[younasm] 09/8/2023 15:38

I am not bullish on oil price; I think it's high enough, especially with lots of spare capacity to flood the market.$60-$80 bbl looks reasonable until interest rates peak in the New Year.

[tuftymatt] 09/8/2023 15:14

Yeah oil is on a tear right now. Can we touch 500 ahead of tomorrow morning and the 7p drop due to the divi??

That said with oil looking strong will it drop by that much??

Good luck all 👍🏻

[younasm] 09/8/2023 15:06

Decent move up before xdiv day (tomorrow )

[stemis] 08/8/2023 21:39

OK workforce, I want you all to come in whenever the wind blows, otherwise stay at home..... How can you possibly build that in to your financial model???

Wind turbines don't have a work force...and business deals with all sorts of uncertainty.

The actual answer is that the country has a variety of power sources but still needs a base source (either, gas or nuclear) that can be varied to changing input from renewable and other sources (which themselves aren't correlated). That dosn't mean we shouldn't maximise renewable sources though.

[scruff1] 08/8/2023 20:31

Yeh? How many Chinese AAA are needed to run Britains steel mill on a calm day- or a windy day? (Well India's steel mill.).
Couple of headlines today
Britains demand for power surges.
Wind power generators demand more subsidies from tax payer as development costs surge
France solves nuclear hitches as it becomes Europes largest power exporter

By the way Im invested in GSF :-(. Battery storage is not ripping up any trees.

As for 24/7 renewable - how come they cranked up the coal fired ps's and paid people to not use electricity at certain times of the day.?

Nowt like wokeyness to keep folk happy

[gateside] 08/8/2023 17:10

That's where battery storage comes into play.

[pvpower] 08/8/2023 16:55

OK workforce, I want you all to come in whenever the wind blows, otherwise stay at home..... How can you possibly build that in to your financial model???

[stemis] 08/8/2023 10:43

Seemed clear to me - wind power is intermittent and unreliable. Am I wrong?

So what? Do all factories, shops, other facilities operate 24/7? The <100% availablilty of wind turbines is built into their financial models, as it is with all facilities.

[scruff1] 08/8/2023 09:37

In fact todays chart could be indicative of a rather less than gentle breeze

[scruff1] 08/8/2023 09:36

Seemed clear to me - wind power is intermittent and unreliable. Am I wrong?

[stemis] 08/8/2023 08:52

Please inform BP
No wind = No electricity

Whilst wind = electricity, so not sure what your point is.

[johnwise] 08/8/2023 08:10

Stupidity is infinitely more fascinating that intelligence. Intelligence has its limits while stupidity has none...

Please inform BP
No wind = No electricity

BP Plans Two UK Wind Farms for Own Power Supply

BP Plc is considering building two offshore wind farms in the Irish Sea without any support from the government — marking a first for the sector where development has been hindered by rising costs.

[johnwise] 08/8/2023 08:10

Stupidity is infinitely more fascinating that intelligence. Intelligence has its limits while stupidity has none...

Please inform BP
No wind = No electricity

BP Plans Two UK Wind Farms for Own Power Supply

BP Plc is considering building two offshore wind farms in the Irish Sea without any support from the government — marking a first for the sector where development has been hindered by rising costs.