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BP. Share Chat - RSS Feed

BP Share Chat (BP.)



Share Price: 439.00Bid: 438.60Ask: 438.95Change: 6.60 (+1.53%)Riser - Bp
Spread: 0.35Spread as %: 0.08%Open: 428.00High: 439.40Low: 422.10Yesterday’s Close: 432.40


Share Discussion for Bp (BP.)


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moneymakerxxx
Posts: 103
Off Topic
Opinion:No Opinion
Price:439.00
CK
Today 22:11
I put the rise down to the attached link, maybe investors are hoping BP will get deliver an increase as well ?

http://www.dailymail.co.uk/money/markets/article-2925500/Shell-expected-report-sharp-rise-profits-despite-huge-plunge-oil-prices-summer.html
 
CheeseKing
Posts: 15
Observation
Opinion:Buy
Price:439.00
The Man from OPEC
Today 21:32
The mornings lull was followed by an uptick which was from what I can see due to the Man from OPEC saying he thought the price of oil had bottomed out. There's also been a few stories about how soon the price of oil will recover due to all the cutbacks. Should be an interesting next couple of weeks for BP, results next week, & ex div the week after. I'm hoping results are factored in so no surprises and as rising price of oil is anticipated to see 450 to 460 for ex div. Or am I dreaming ? Comments welcome....
Davross1
Posts: 12
Off Topic
Opinion:No Opinion
Price:439.00
This share is bonkers
Today 20:30
I totally get that the share price is volatile due to oil, I also get there's a lot of worry about the fine coming soon. What I do not get is why it would drop 8/9p this morning to go up 6p this afternoon. A daily spread of 14p?? The force is strong with this one!
MY21
Posts: 5,491
Off Topic
Opinion:No Opinion
Price:432.40
BP's woes
Sat 12:15
The challenge for BP is not so much the oil price but the open ended nature of US litigation fines.

Once the legal costs associated with the US is capped; we shall have greater clarity about the company's trading outlook and dividend level over the next 12-18 months.

Large companies such as BP are very cautious in budgeting for lower oil prices which is a good thing resulting in lower share price volatility hopefully.

Notwithstanding the above; I personally feel the oil price is bumping along the bottom and it may go lower still due to short selling by Hedge funds or Derivative Traders but I am quietly confident we shall see an oil price in the $55-60 range in 8/9 months otherwise a lot more people will lose their jobs in global Oil Exploration industry plus replacement work for diminishing reserves will low down to a snail's pace.

Remember: for every barrel of oil produced daily; two barrels are consumed according to OPEC and US Government.
Davross1
Posts: 12
Off Topic
Opinion:No Opinion
Price:432.40
BP's woes
Sat 12:03
Personally I think the oil price is likely to rise now. Saudi can soon stop gushing as it settles into a new era, and they are hurting themselves with low prices. Shale has had a warning shot, though I do believe oil won't go much above the price of shale....more than $50 but less than $100. BP will soon know it's punishment and then it will be game on again.
I'd say we'll hit 450 by the end of Feb......
Da_Roadrunner
Posts: 216
Off Topic
Opinion:No Opinion
Price:425.40
View Thread (2)
RE: BP's CEO on Oil Price
Fri 11:08
"Chief executive Bob Dudley said BP is preparing for the price to stay low for at least a year." Considering the problems he has endured I am amazed how he continues to steer the company and is planning ahead. There will be problems caused by low oil price and Rosneft / Russia, but the GoM court case is coming to a conclusion and the final decision should clear the way upside for BP.
MY21
Posts: 5,491
Off Topic
Opinion:No Opinion
Price:428.00
View Thread (2)
BP's CEO on Oil Price
Fri 09:04
Today at 9:03 AM

BP: Oil price could stay low for years

The spectacular slump in the price of oil to less than $50 (£30) a barrel could remain for another three years, sending petrol prices to below £1 a litre, the boss of BP predicted yesterday. Chief executive Bob Dudley said BP is preparing for the price to stay low for at least a year and there was no guarantee the price will rise. Brent crude has crashed 60 per cent since June to around $48. But Italian oil group Eni's chief executive Claudio Descalzi called for more stability in the markets and said prices could hit $200 in four years. The industry has cut investment and jobs in the wake of the price crash with hundreds of job being lost in the UK's North Sea industry. Descalzi predicted the entire oil industry will cut spending by up to 13 per cent this year as a result.
Da_Roadrunner
Posts: 216
Off Topic
Opinion:No Opinion
Price:426.00
View Thread (2)
RE: Results due on 3rd Feb
Wed 18:59
"This could drag it back down!"........ If it does we'll just take it as a buying opportunity.

It's gonna go up again once the court case ends in 3 weeks time.
MrB386
Posts: 744
Off Topic
Opinion:No Opinion
Price:426.00
Fines
Wed 17:46
Also been mentioned today the possibility of paying in installments rather than all in one go. £20 a week sounds fair to me!!





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