The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Amazing that even with buying back 1% of the company in Q4 alone still leads to a downgrade, despite them guiding it’ll roughly follow Q3 results
Just for information....
BP was downgraded to underweight from neutral at JPMorgan
BP was downgraded to underweight from neutral at JPMorgan, following the oil major’s third-quarter results. “This year is revealing BP’s cashflows as increasingly leveraged to wider standard deviation variables – notably trading and working cap,” said analysts led by Christyan Malek. Its price target was cut to 550 pence ($40.02 per U.S. listed share) from 615 pence, and the analysts said they have a clear preference for Shell SHEL and TotalEnergies TTE. The analysts also say there’s the potential for further, renewables-led clearing of the decks, as well as the rise the fourth-quarter buyback may be scaled down to $1 billion.
Good morning all
Well done to all those investors who have timed the market well. I am very confident that you will be handsomely rewarded over the next few quarters.
Mark
Nice move guys - I was a bit previous...as usual...;-)))
Back in to Bp @490 see opportunity in recent results and sediment
I've joined you, 7000@490.5457.
£24k at 488 - lets see if this was a good jumping in point, hoping to catch a quick trade and pick up some divis along the ways
Charlie
Yesterdays presentation was by 2 people who really don’t have the most interesting voices.
But it’s what they say that counts.
Do we really need a Rock Star to lead us ( no).
I’m still not sure it should be a Finance guy, but he has made less bad headlines than Looney did so far.
And I’m not so sure as some on here that there is going to be a major change of strategy
Auchincloss could not have been clearer yesterday, BP's growth engines will be clean energy and not oil and gas. There are going to be a lot less column inches written about BP, without the Looney schmooze.
I feel at times almost like a lone voice on here,saying that all renewables are not a costly mistake.
Lightsource BP is self financed and according to yesterday can make 16% returns.
EV charging can make 16% returns
Convenience can make 16% returns.
Some offshore wind I agree we overpaid for, and will struggle to make money from.
Others are in the right place to use to power our EV charging and Hydrogen generation.( which again due to owning the whole process allows higher returns).
Yesterday there was also a new message which appears to have been missed.
It was stated that the aim of many of these renewables was when up and generating cash ,to actually farm out some of the ownership in them and retain an approx 30-35% stake.
Murray, said this would make them cash light in terms of financial expenditure.
So once again my message is any renewable they can make money from is fine by me.
Any they can’t we should not be doing.
And we await our new CEO to lead us in whatever direction is decided.
Even if that turns out to be a merger with Shell
Wow - how oversold...will we ever get to stay in the 500p range for more than a few weeks
Expect us to close up today. This weakness is creating some nice trading ranges.
Unlike Chevron, which had big cost issues in Kazakhstan, our results were affected by what I would describe as non-core issues - gas trading and the writedown on wind. The core O&G operations have never been in better health and they should drive material production growth and profitability in the quarters ahead.
So will trade these dips...
All IMHO DYOR
Happy
Https://www.livecharts.co.uk/MarketCharts/brent.php
Good morning all
Results weren't great. Interesting article in the Telegraph about potentially the next mega merger in Oil & Gas - would BP garner a premium ?
Https://www.telegraph.co.uk/business/2023/10/31/why-oils-next-mega-merger-should-be-shell-and-bp/
All will come good, Again ;0)
Lightsource BP is doing very well. The returns are very high across the world for the development model that Lightsource has engendered. I think the average return, if I remember from looking backwards -- '22 backwards, the average return on the flip model was around a 16% return. So very, very strong returns that have come out of. I think it was [indiscernible] transactions was the last time I looked at it. So that continues to be a very good model that's working very well across Europe and Asia right now, a little bit sticky in the United States in 2023, but across the rest of the world. It's working very well. We'd expect the U.S. to return to normal in '24, '25.
50% back in, I sat on my fingers at 496 my mistake,gla
Cheers Charlie
I've always done very well here and these will most definitely go near £5-50 again in the short term
Even if you get the timing slightly wrong, it's quite hard not to make a profit trading BP.
I think we can safely say this is a five pound share all day long
Buy any drops under this, keep half and sell half on the decent rises
It always falls back but rises like a pheonix
Despite all the doom and gloom
We are still well above £4.928 which we were at just over 3 weeks ago on 5 th October.
We are still a company making historically good amounts of cash
We still have a good pipeline of oil projects going forward.
What we don’t have is visibility on who the CEO will be ,or if there will be any change in strategy.( even just a subtle change in direction).
The plans for BPX look very encouraging.
I’m still very positive
Halma1983, great if you get the timing right !! If you miss the right price you'll either be left without the shares or buying back at a higher price !!
I'm Holding anyway !!