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Ariana forecast 47% rise in Kiziltepe gold production


BP Share Chat (BP.)



Share Price: 518.20Bid: 517.80Ask: 518.00Change: 0.00 (0.00%)No Movement on Bp
Spread: 0.20Spread as %: 0.04%Open: 518.50High: 519.60Low: 513.20Yesterday’s Close: 518.20


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Daytradenovice
Posts: 583
Off Topic
Opinion:No Opinion
Price:0.00
RE: trump opening his gob again
Fri 14:37
completely agree Billy, just has to open his mouth though and the media are all over him. One thing you have to give Mr T is he knows how to shake the bag. Id be keeping the nice cheap shale in the Usa and taking a competative advantage over the opec world by letting them raise the price and cripple the competition.
 
billybigwig
Posts: 9,079
Off Topic
Opinion:No Opinion
Price:514.80
RE: trump opening his gob again
Fri 14:01
Day.I don't think trump can do much about it anyway deal is for end of 2018 and if $80 a barrel or above achieved before that that'll do me BP should be over £6 by end of the year bigger dividends too with all that extra profit ;-) I dont know what trumps complaining about all these fraking sites are profitable at $60 a barrel so that's good for USA
Daytradenovice
Posts: 583
Off Topic
Opinion:No Opinion
Price:515.40
trump opening his gob again
Fri 13:22
trump reported by bbc news to have said "crude oil prices are artificially very high" and that this was "no good" and would not be accepted".

not sure what he could actually do about it, but expect a few jitters. . . .
2227
Posts: 642
Off Topic
Opinion:No Opinion
Price:515.60
Asian oil demand
Fri 11:16
SINGAPORE (Reuters) - Asian oil demand will hit a record in April just as global crude values are lifted to levels not seen in three years by Middle East supply risks and top exporter Saudi Arabia withholding output and noisily pushing for prices at $80 to $100 per barrel.

https://uk.reuters.com/article/us-asia-oil-demand-analysis/asian-oil-demand-to-hit-record-but-industry-cant-take-eyes-off-middle-east-idUKKBN1HR16Q
2227
Posts: 642
Off Topic
Opinion:Strong Buy
Price:515.80
Investors buying back into oil
Fri 09:51
Formerly skeptical investors are buying back into oil majors in the hope that upcoming results will mark a turning point for energy stocks which have failed to keep pace with a surge in crude prices.

https://uk.reuters.com/article/us-markets-oil-stocks/oil-stocks-face-crucial-earnings-test-as-investors-venture-back-in-idUKKBN1HR0KC
chris47
Posts: 421
Observation
Opinion:No Opinion
Price:516.50
debt
Thu 17:59
i know goldman know whattheir talking about but bp and shell need to get the debt down
billybigwig
Posts: 9,079
Off Topic
Opinion:No Opinion
Price:516.00
RE: The Seven Sisters
Thu 16:36
BPs in the sweet spot for sure ;-) ill take them nice divis too :-)
2227
Posts: 642
Off Topic
Opinion:Strong Buy
Price:510.90
The Seven Sisters
Thu 13:22
Big Oil£s weight in equity indices to rise from 50-year low

Cost cuts, recovering oil prices put companies in a sweet spot

The world£s largest oil companies have survived a life-changing crisis, and are now poised to reap the rewards, Goldman Sachs Group Inc. said.

Big Oil is in a sweet spot with rising oil prices and low operating costs, leaving them with the biggest cash-flow growth in two decades and boosting earnings, Goldman said in a report Monday. That will increase their attraction for investors after years of elevated spending followed by crude£s slump sent their weighting in global equity indexes to a 50-year low, according to the bank.

£We see this as the start of a new golden age for Big Oil£s reborn Seven Sisters,£ said analysts led by Michele Della Vigna, referring to the seven largest non-state oil companies. It is £also a favorable environment for returns in the commodity.£

Crude£s slump since the middle of 2014 wiped out some smaller companies and changed the way the biggest operate as they continue to drive down costs in an attempt to survive. A downturn is typically followed by a period of relative plenty as the cost of getting new barrels out of the ground takes time to catch up with the crude price, widening profit margins.

The majors are leading the pack. While crude£s collapse pushed the weight of oil companies in equity indexes to about 5 percent, less than half their normal level, Big Oil is now in a position to regain its standing. The slump culled smaller drillers and has left the larger ones with the opportunity to take more market share.

Royal Dutch Shell Plc, Total SA and BP Plc are among the majors that reported the highest earnings in years last quarter. Some even started share buybacks and others are promising higher dividends.

They are also benefiting from the start up of projects sanctioned years ago but were delayed by the downturn, Goldman said.

The years from 2011 to 2013 £witnessed the largest number of project sanctions in the history of the oil and gas industry,£ Goldman said in the report. £While those investments are likely to yield low through-cycle returns, all these projects are now coming into production, releasing unproductive capital and providing the industry with the strongest production, cash flow growth in two decades.£

https://www.bloomberg.com/news/articles/2018-03-26/oil-s-seven-sisters-enter-a-golden-age-goldman-sachs-says
billybigwig
Posts: 9,079
Off Topic
Opinion:No Opinion
Price:509.60
RE: o/t Amerisur (AMER)..
Wed 19:17
Brent crude oil jumped to $73.41 a barrel on Wednesday, hitting the highest level since November 2014 as fears of supply disruptions and a draw in US crude stockpiles spurred a 2.5 per cent rally.

Oil has been supported by strong demand heading into the summer, while fears have mounted of supply shortfalls stemming from Venezuela’s economic spiral and the possible re-imposition of sanctions on Iran from the US.
billybigwig
Posts: 9,079
Off Topic
Opinion:No Opinion
Price:509.60
RE: o/t Amerisur (AMER)..
Wed 19:09
Bow!!? For now




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