Register
Login:
Share:
Email Facebook Twitter

Ariana forecast 47% rise in Kiziltepe gold production Watch here

Ariana forecast 47% rise in Kiziltepe gold production


BP Share Chat (BP.)



Share Price: 511.90Bid: 511.90Ask: 512.00Change: 2.30 (+0.45%)Riser - Bp
Spread: 0.10Spread as %: 0.02%Open: 512.50High: 512.50Low: 509.50Yesterday’s Close: 509.60


Share Discussion for BP


Thread View

Please login or register to post a message on Share Chat.

Posts per page:


2227
Posts: 640
Off Topic
Opinion:Strong Buy
Price:510.90
The Seven Sisters
Today 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: 9,052
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: 9,052
Off Topic
Opinion:No Opinion
Price:509.60
RE: o/t Amerisur (AMER)..
Wed 19:09
Bow!!? For now
billybigwig
Posts: 9,052
Off Topic
Opinion:No Opinion
Price:509.60
RE: o/t Amerisur (AMER)..
Wed 18:08
I'll take £5.09 for bow ;-)
leas
Posts: 4,180
Off Topic
Opinion:No Opinion
Price:506.60
RE: Bp
Wed 13:43
leas
Posts: 4,180
Off Topic
Opinion:No Opinion
Price:506.40
RE: Bp
Wed 13:33
fruit, cannot find anything coming from the US. Just the news on the 'oil spill' being resolved and the final payable amount over the next 17yrs. That is the only news that is at the forefront and no doubt accounts for the rise today. May spark a few analyst reports later this week that may determine the sp.
fruitbat
Posts: 177
Off Topic
Opinion:Strong Buy
Price:505.50
No rise
Wed 13:09
Any Econ rummours surfacing state side??
leas
Posts: 4,180
Off Topic
Opinion:No Opinion
Price:504.90
RE: o/t Amerisur (AMER)..
Wed 12:56
I have been watching AMER for a few months. Was going to buy but was a little concerned over their distressed seller. When I know that MH has finished then will look again.
Other than that the fundamentals look ok.

BP looking a little more resilient of late. Billy I'm hoping the 510 target of yours is exceeded. Good broker note yesterday so see what happens later this afternoon on the DJI
Rocket79
Posts: 2,007
Off Topic
Opinion:No Opinion
Price:504.00
o/t Amerisur (AMER)..
Wed 12:20
Amerisur resources AMER. Recent results show generating cash and directors buying in. Plenty of upside to come with upcoming drills dyor.
billybigwig
Posts: 9,052
Off Topic
Opinion:No Opinion
Price:499.50
Bp
Wed 09:26
Is looking strong for a further push up £5.10 and ex divi 10th of may so all being well ie no trump gaffs! We should see that £5.10 or above before that ex divi date ;-)




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk






Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.