Bp Share Discussion Threads

[adg] 12/4/2024 16:44

Didn’t think I’d ever say this about BP but here goes;
“Wouldn’t wannne be out of this for the weekend”

[adg] 12/4/2024 16:01

Perhaps more press coverage & speculation over the weekend?

[abcurtis] 12/4/2024 15:59

That would explain the drive to cut costs, to show max profitability and to get max price

[meb123] 12/4/2024 15:53

Takeover by Abu Dhabi. How ironic as BP started life as a colonial vehicle in the Middle East lol

[wolansm] 12/4/2024 15:27

I think it's more likely Scirocco mounts a bid..... Gov wouldn't allow a foreign country to takeover in my view but never say never

[smurfy2001] 12/4/2024 14:49

Abu Dhabi Takeover target. HA HA HA HA

[richvandam] 12/4/2024 14:48

It was well known it was a takeover target, I would imagine others are looking as well. Chevron top bet for a buyout of BP so the rumours go.

[johnwise] 12/4/2024 13:35

BP Anticipates Robust Q1 Performance Amid Trading Surge

April 10, 2024

BP plc (BP - Free Report) , a global leader in the energy sector, anticipates robust results from its trading operations in the first quarter of 2024, with a notable uptick in oil transactions. In its latest trading update released on Tuesday, BP emphasized the positive performance of its trading arm, highlighting concurrent increases in oil and gas production and improved margins within its refining division.

More

[johnwise] 12/4/2024 13:23

BP share price nears key level amid heightened M&A rumours


Adnoc, a major Abu Dhabi company, considered buying BP.

There have been rumours of BP acquisition for many months.

BP is seen as a good and undervalued oil and gas company.

Still, any BP buyer would receive an undervalued company that makes billions of dollars in free cash flow. BP trades at a cheap PE multiple compared to the likes of Exxon and Chevron.

[daler1966] 12/4/2024 12:21

Hopefully the start of many bids :-)

[viscount1] 12/4/2024 10:46

Their "strategy" probably involves not getting into a toxic stand-off with the market-unfriendly "conservative" government of the UK.

[the pie] 12/4/2024 10:40

Well this is a rather pleasant end to the week! I am confused however why the potential UAE oil giant stated that the reason they didn't bid for BP is that it did not fit in to their strategy, but then went on to say they have worked in partnership with BP for several decades. Surely they know the business...

[viscount1] 12/4/2024 10:20

BP's debt is easily manageable with their cash flows.

[younasm] 12/4/2024 10:15

It's gone outside my trading range, 460-500p - will have to adjust my risk next month.

[veryniceperson] 12/4/2024 09:39

Rolling along nicely!

[veryniceperson] 12/4/2024 08:49

Meb. They are buying their shares back at a cost of over 100 million a day. Not a company worried about debt.

[meb123] 12/4/2024 08:23

Some analysts are saying the discount is due to the level of BPs debt . Hopefully that will be put to bed soon with the cash it is generating.

[adg] 12/4/2024 06:40

70% uplift to put us on equal footing to US peers would put BP at nearly £9 and Shell at a staggering £48
I’d be up for a bit of that no worries

[hellscream] 12/4/2024 04:18

to think shell is moaning... we are 70% undervalued to US majors.

to think we are wroth near the same to an booze company on the FTSE...

[philanderer] 12/4/2024 00:47

RE Daler's post..

The Telegraph

BP draws takeover interest from UAE oil giant

[nk104] 12/4/2024 00:20

Excellent news. BP should be very clear with the Government that loyalty is conditional. In other words, we've been shown none therefore they can expect none.

Should be exploring a move to the USA or positioning for a takeover - pay debt down and look like you want to be in a beauty contest. There's no long term future on the LSE. Only a matter of time before ESG rules force BP out anyway.

[daler1966] 11/4/2024 19:53

Exclusive: UAE's ADNOC recently eyed BP as takeover target, sources say

[gwatson56] 11/4/2024 19:04

Eyes down on 2nd May as Shell report and the CEO may expand on ‘upping sticks’ to the US. The Guardian has another piece on this subject today. BP report on the 7th May, enough time for Murray to decide if he should join the discussion or keep ‘stum’. I am minded that he will say just enough to keep people on their toes. Both SP’s imo should move north, the size of the move dependant on the language / firmness of opinions as to the best home for the company. An interesting time ahead for US holders.