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BP Share Chat (BP.)



Share Price: 424.80Bid: 424.55Ask: 424.80Change: -13.35 (-3.05%)Faller - Bp
Spread: 0.25Spread as %: 0.06%Open: 425.05High: 433.35Low: 421.85Yesterday’s Close: 438.15


Share Discussion for BP


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jacko678
Posts: 436
Off Topic
Opinion:No Opinion
Price:424.80
RE: BP WHY THE PRICE RISE
Thu 22:46
Also consider the amount of investors who have been sitting on the sidelines for the Brexit result to pass. There has been a big influx of cash into the FTSE and BP is a solid company with good dividend and posted better than expected Q1 results. No reason why the Sp can't move up more from here oil market has balanced out considerably over the last month. BP was knocking £4 before brexit so it's just continued on the upward curve.
 
NorbertDentressangle
Posts: 5,679
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:424.80
RE: BP WHY THE PRICE RISE
Thu 20:19
It's not just the dividend, the company trades/accounts in dollars so is benefitting from the weak pound.
riddock57
Posts: 379
Observation
Opinion:No Opinion
Price:435.05
Time to Watch BP p.l.c. (BP.)
Thu 17:09
Charlie156
Posts: 83
Off Topic
Opinion:No Opinion
Price:424.80
RE: BP
Thu 17:07
Sold 40% of holding at close. The market is still pricing in a dividend cut which is understandable. $50 oil means cash flow covers capex, you need $60 oil to pay a sustainable dividend. BP seemed to draw a line in the sand when they said the upper gearing level was 30%, I think it's circa 25 now. Interesting times.
MrMan
Posts: 1,801
Observation
Opinion:Hold
Price:427.55
BP
Thu 15:44
BP will do well with this welcome tail wind but it might go down from here though not much. All the "smart money" going to stocks with foreign money maybe due to interest rates still being low.

The funny thing is oil prices are lower yet BP is up. If that keeps up expect a bit of a correction because we do not know how much of a tail wind the pound crashing.
Bonz1957
Posts: 2,503
Answer
Opinion:No Opinion
Price:428.25
RE: BP WHY THE PRICE RISE
Thu 12:50
Partly down to looking for companies with a large element of foreign earnings which, with the pound being low, will boost profits. Plus BP's div is declared in dollars which should see the yield rise. ATB.
DESONEABE
Posts: 1
Question
Opinion:No Opinion
Price:429.05
BP WHY THE PRICE RISE
Thu 12:33
Why is BP shares rising , is it because oil is bought in dollars and the pound is low , does this make sense or is it another reason ??? any views very welcomed as to why
johncharles15
Posts: 619
Off Topic
Opinion:No Opinion
Price:432.35
BP/cna
Thu 11:20
both doing well today
Crystal_Balls
Posts: 33
Off Topic
Opinion:No Opinion
Price:432.15
Technical level?
Thu 11:06
Anyone know the next technical support level?
tep1
Posts: 5
Off Topic
Opinion:Strong Buy
Price:427.00
large buys
Thu 08:17
recorded at 16.35 yesterday




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