Bp Share Discussion Threads

[vlad the impaler] 19/6/2024 15:21

We have a vast network of skills. So vast, it is beyond comprehension. Everyone can do something for the next, and in totality

"We are immune and impune"

i only know that word because obviously i was around back then

[vlad the impaler] 19/6/2024 15:16

ABC, none of us are programmers. might know 1, or 50. But none of us are one

[abc_001] 19/6/2024 06:46

Are you a programmer?

[viscount1] 18/6/2024 14:15

More likely BPX will get sold off to fund green investments.

[philanderer] 18/6/2024 13:57

BP tipped to see growth from US shale business


BP PLC's (LSE:BP.) American shale business will be a large part of the group’s growth over the remainder of the decade, analysts at RBC today highlighted in a note.

RBC, which rates BP at ‘outperform217;, believes that the oil majors investment plans are shifting away from ‘transition growth engines’ (effectively a pseudonym for ‘net zero’ projects) in favour of upstream business, albeit, RBC notes that this has yet to be formalised as a strategy by BP.

The firm’s US shale business unit, known as BPX, operates across three basins: Permian, Eagleford, and Haynesville, with current production of approximately 425,000 barrels of oil equivalent per day (kboed), 80% of which consists of gas and natural gas liquids (NGLs).

By RBC’s numbers, BPX's earnings (EBITDA) are projected to reach around $4 billion by 2025, which, on a 5x multiple suggests, an enterprise value of $20 billion for the subsidiary.

BPX is pencilled in to invest some $2.5 billion a year between 2023 and 2030, with most of the funds expected to go on drilling and well completions within its existing footprint.

“From our meetings BPX, it is clear that it would like to grow, but is cognizant of BP’s wider commitments to the market,” RBC analyst Biraj Borkhataria said in the note.

“With significant consolidation ongoing in US shale, this is a challenge, as BPX effectively has no acquisition currency, and is cash-constrained, with a relatively small position in the Permian (75k net acres).

“That said, BPX noted that growth plans to 2030 are underpinned by its current acreage, and although it would need to “re-load”; oil inventory at some point, it was not a near-term concern.”

More broadly, commenting on the BP business as a whole, the analyst added: “BP screens with an elevated free cash flow (FCF) yield vs peers (14% in 2025e vs the sector average 10%), and even after adjusting for hybrids & other liabilities, we see a positive risk-reward.”

RBC has a 650p price target for BP, suggesting some 40% upside to the current price of 462.9p.

PROACTIVEINVESTORS.CO.UK

[auson1] 18/6/2024 13:27

I think this time we get to 480p

[auson1] 18/6/2024 11:29

Whilst the Aug contract Brent price is currently $84.21 If we take say June 2025 Brent price, open today was $78.81 current price $78.76 June 2026 is only $74.91.

[fiscal cliff] 18/6/2024 10:18

No rush mate, take your time.

[adg] 18/6/2024 10:13

Can Gateside (thread founder) ban the trolls?

[institutional investments] 18/6/2024 10:11

Interesting. We built a matrix pharmacy and going to issue home delivery prescriptions. Ironic

[institutional investments] 18/6/2024 09:54

Hope you guys realise all the offloading going on broadly in recent days. Its not consolidation. Its best dump prices whilst they have a level some will pay

Doom this week. Dunno which day though

Back later. Brutal technical coding to figure out on a project

[veryniceperson] 18/6/2024 07:23

Brent, back to $84, a barrel should see some uptick soon, hopefully.

[hellscream] 18/6/2024 07:16

8/9 down weeks, would be nice to see some ups.

[eat more aaapples] 17/6/2024 20:16

@@@@@@@@ @@@@@@ fill the larder with @pples @@@pples is 1 of ur 5 a day @@@@@@@pples is luvly@@@@@ @@pples is good 4 u@@@@@@@pples is YUMMY

[ming da merciless] 17/6/2024 20:16

Volatility on ftse is a damming outlook medium term

[ming da merciless] 17/6/2024 20:15

Oiler share dealers don't seem to care about crude prices across a fair few majors now

Gone to other pastures