Bp Share Discussion Threads

[viscount1] 11/4/2024 13:00

The EU has not sanctioned Russian gas, so why would EU energy companies reject Russian LNG?

The EU could sanction Russian gas if they wanted to.

[marktime1231] 11/4/2024 12:37

Very disappointing to read reports of the extent to which Europe countries ... Belgium, Netherlands, France and Spain ... are importing arctic Russian LNG, facilitated by TotalEnergies which still owns roughly 20% of the Yamal operator Novatek.

Apparently TE (delivering record profits) say it would be "unreasonable" to terminate long term supply contracts before 2025-26. Presumably it means it will take that long to replace supplies, otherwise Europe will endure another energy price spike crisis.

Netherlands import companies say thay can't reject Russian LNG for fear of commercial reprisals unless their government imposes sanctions. The Netherlands government say they can't interfere with commercial contracts between private companies. France and Spain at it the most, and unconfirmed suggestions they may be re-exporting Russian supplies. The EU no doubt also vacillating. While supplying arms to Ukraine. I seem to remember the UK were swift to impose an embargo on Russian imports, wasn't there a tremendous direct response to attempts by Shell to sneak through a tanker of diesel. Hopefully we are not facilitating this ongoing trade with insurance, ship broking, commodity trading, finance. BP took its medicine.

Meanwhile Putin is bombing Ukraine energy facilities and no doubt laughing at us all. I wonder what it might take to do the right thing. Disruption to the Yamal facility or the US extending sanctions to LNG. Strike while Europe has enjoyed another mild Winter and stored reserves are high, and so what if "cheap" gas prices spike again.

[wolansm] 11/4/2024 12:35

I think higher yet 5.60 to 5.70 then hover but your guess is as good as mine

[huckers] 11/4/2024 12:33

viscount1. That is exactly my plan, too! I have other oil & gas investments I will hold onto longer though.

[viscount1] 11/4/2024 12:29

Sell at 545p.

[zam1] 11/4/2024 11:51

Definitely worth holding long term good dividends as well.I am in profits but nowhere I will be selling near term.This has a long way to go I believe.Good luck those invested.

[adg] 11/4/2024 10:44

Vnp- I agree but bitter experience tells me that when you start to feel good about bp holding it’s time to sell 🤣
I have to sell 5k before 23rd to pay toward next car , said months ago 530 would be great so I should sell

[gwatson56] 11/4/2024 09:47

Bloomberg UK Javier Bias firmly of the view that Shell is serious about moving listing to the US….

[veryniceperson] 10/4/2024 17:06

I do agree hellscream, I don't think they have the balls to talk tough.

[hellscream] 10/4/2024 16:48

shell pushing ahead. bp needs to make threats too.

[pj84] 10/4/2024 13:29

"BP on track for a strong first quarter

Energy giant reports a bigger uplift from buying and selling oil, although it notes that prices have slipped

The energy giant BP has said that it expects a “strong” performance from its trading business during the first quarter, with a bigger uplift from buying and selling oil.
The improvement in trading came alongside better upstream production of oil, gas and low carbon energy, which are set to be higher than the final three months of last year.

The FTSE 100 group said in advance of first-quarter results, which will be released at the start of May, that “the oil trading result is expected to be strong following a weak result in the fourth quarter”."

[daler1966] 10/4/2024 10:43

Can we get to 550 this year , looking good :-)

[philanderer] 09/4/2024 18:05

Analysts at Jefferies commented:

‘BP’s first trading update suggests limited downside to consensus numbers (Bloomberg $3 billion net income). Strong gas trading will address a key concern during the quarter, while strong oil trading provides a good uplift quarter-on-quarter.

Key operational upsets in the quarter (Whiting, Freeport) seem to have caused a lower impact than feared.’

[hellscream] 09/4/2024 17:18

we need £7 to catch shell up.

[gilesy911] 09/4/2024 12:52

City shock as Shell threatens to quit London for U.S. https://www.thisismoney.co.uk/money/markets/article-13285171/City-shock-Shell-threatens-quit-London-stock-market-U-S.html?ito=native_share_article-top

[johnwise] 09/4/2024 08:24

What a pity Barclays Bank went Woke on oil ..With all their analysts you would have expected them to have recognized the Global Warming Scam scam? $$$



With the oil price rising, the BP share price is gushing again

Though the BP share price has surged since January, this FTSE 100 stock has lost value over one and five years. But I’ve no interest in selling my stake.



Video: The truth about global warming


VIDEO: A Dearth of Carbon Dr. Patrick Moore

[adg] 08/4/2024 13:06

Agreed…… but there are so many of them now though…
The aristocrats were a tiny number comparatively speaking

[k mon] 08/4/2024 12:28

"Country is being sucked dry by the masses of non-contributing lazy takers
working the system."

--- T'was always thus adg...

They used to be called the 'Aristocracy' .... & lived from Rental income ..
- Hence the 'UK'.. Ran on a 'feudalistic' .. Social & legal framework..

Because the Aristocracy .. made the 'Laws'.. so that they benefitted..


Nothing much has changed ..
- Hence we have 'Windfall tax' etc.. introduced by 'Government'


--- It's just the same old racket ...
The 'Wokieans'.. just want a slice of that cake..

[hellscream] 08/4/2024 06:51

anything to get oil down under $90, oil didnt go up because of Israel (remember them saying they are not an oil country)so no effect on production.

this share going back to £4.50, am tempted to sell.

[adg] 07/4/2024 11:46

Yea it sucks being British in almost every way - we have our history but the woke brigade are taking that too. Country is being sucked dry by the masses of non-contributing lazy takers working the system.
Shell up on decent update - always wondered why bp don’t do one.
Think BP / oilers still have legs - agree about the ceiling though, that sucks too.
I so much hope that BP and Shell Foxtrot Oscar to USA listing - between BP (almost 4% approx) and shell (6.5% approx) making up over 10% of the FTSE index what a brilliant message that would send to “the city” & more-so to our pathetic conservative and soon to be labour governments - any backfilling were BP and Shell to leave would be done by companies circa £5b mkt cap so the damage would be over a 10% drop to the FTSE100 - imho that would be very apt and a huge wake up call for our inept and incompetent and blinkered leaders
I say JUST DO IT
Sums may be a little out but not far away I think

[veryniceperson] 05/4/2024 18:54

We're down nearly 3 Shell up 16. You can kind of tell that Shell might pick up sticks and cross the pond. It certainly wouldn't surprise me. There's no confidence in BP. Still say they should have searched outside of BP for a new CEO. IMHO

[hellscream] 05/4/2024 16:41

problem is this share always caps out at £5.50, been waiting 11 years.

our market is dead. why bother investing in the uk?

[adg] 04/4/2024 22:43

The average price target is 634.55p with a high forecast of 1,000.00p and a low forecast of 510.00p. The average price target represents a 25.45% change from the last price of 505.80p.