Bp Share Discussion Threads

[waldron] 10/10/2024 14:45

09 October 2024


BP wins ICC case over African LNG supplies


BP has won an ICC award blocking its US partner in a West African subsea project from selling LNG supplies to third parties during the life of their sales agreement.


Global Arbitration Review

GAR’s Daily Briefing, access GAR 100


Jack Ballantyne
[e-mail]

[putinaire] 10/10/2024 14:45

you may deem such as trader only stuff. But i tend to only trade at relevant prices to institutions so its as valid for any outlook

[putinaire] 10/10/2024 14:43

Either way, BP is not being traded like this in the US. They are too used to their own kind haha

[putinaire] 10/10/2024 14:41

Be be a simple trade if one breaks as other fails. But given its first real test for crude, not so simple yet

Got that correlation threat until its not

[putinaire] 10/10/2024 14:40

Usually takes news to break crude through those. But that would mean equity up if crude fails? Hardly.

[putinaire] 10/10/2024 14:33

Re first time they had reason to sell both markets at the same time if they ignore volatility. See anyway

Thing is, US wont execute if going to, until market is all theirs re UK/EU out and Asia not yet open

Find out much today

[putinaire] 10/10/2024 14:30

Putinaire10 Oct '24 - 15:28 - 12400 of 12401 Edit
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No idea Action. Not been reading it..but either way, they have now aligned crude and equity broad at kill zones at same time simultaneously

.....

Took crude a while to get there, so dramatic was the last tanker (pardon the pun)

[waldron] 10/10/2024 14:29

)
Should I 'buy' Shell or BP? Here's what a leading investment bank has to say

Published: 13:22 09 Oct 2024 BST


Shell PLC (LSE:SHEL, NYSE:SHEL) and BP PLC face mixed forecasts as they prepare for third-quarter reports, according to JP Morgan’s latest research on the oil and gas sector.

Both companies are expected to see lower profits in the upcoming quarter, though Shell's outlook is seen as more stable than BP's, reinforcing its position as a preferred investment.

The Anglo-Dutch giant, which will release its results on October 31, is forecast to post a net income of $5.4 billion for the third quarter. This is a drop from the $6.3 billion reported in the same period last year.

The decline reflects weaker trading in refined products and a seasonal reduction in liquefied natural gas volumes, but JP Morgan analysts suggest Shell remains a resilient performer.

The company’s robust cash flow, forecast at $12.5 billion, will likely support ongoing share buybacks of $3.5 billion and an attractive dividend yield of 11.1%​.

BP, on the other hand, faces a more challenging quarter. Net income is expected to be $2.3 billion, down 30% from the prior year, while BP's cash flow is also projected to fall to $6.3 billion.

Analysts highlight higher maintenance costs and lower production in key regions as significant factors behind the weaker performance. BP’s long-term strategy could be under scrutiny amid reports that it may reconsider its target to cut oil and gas production by 2030.

Looking at the broader market, oil prices are expected to remain volatile, with forecasts for Brent crude at $70 per barrel in 2025, down $10 from earlier projections.

This could impact the long-term earnings of both companies, though Shell appears better positioned to weather the market’s ups and downs due to its higher free cash flow and disciplined capital management.

BP’s outlook, by contrast, remains more uncertain as it contends with the fallout of strategic shifts and potential reductions in production.

JPMorgan analysts have reiterated their 'overweight' rating on Shell, maintaining that it is one of the best-equipped companies in the sector to handle volatility. BP, however, continues to carry an 'underweight' rating.

PROACTIVE

[putinaire] 10/10/2024 14:28

No idea Action. Not been reading it..but either way, they have now aligned crude and equity broad at kill zones at same time simultaneously

[thevladslayer] 10/10/2024 14:23

its official



this thread IS DEAD

[action] 10/10/2024 14:21

Is Iran oil fields are targeted??

[putinaire] 10/10/2024 14:15

Word has it, the US will align crude n equity

[putinaire] 10/10/2024 14:14

You are going to get minced tonight. Im sure it is obvious no though

[putinaire] 10/10/2024 13:10

Note the time. Fun in America

[putinaire] 10/10/2024 13:10

Putinaire - 10 Oct 2024 - 10:13:33 - 12362 of 12393 BP. - Charts & News - BP.
Ive seen an extensive report written on BP. And it draws on all other variables as well, macro to scenarios of x wars etc. TBH, the best you can hope for here bulls, is short term volatility....]

.//

Jees, even that hope remains dead. Awful via crude v.

[putinaire] 10/10/2024 12:33

Awful. Must be qE going on as the combined is thrash

Crash imminent

[putinaire] 10/10/2024 12:12

KOF leading them all to water - to drown themselves

[putinaire] 10/10/2024 12:11

Slaughter data assured

[putinaire] 10/10/2024 12:10

oh dear lord. all the uk gerbils are buying into it.

[thevladslayer] 10/10/2024 12:06

🤣😂😂🤡9313;