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This aint gonna much help oilies performance in days to come
https://www.cnbc.com/2020/08/04/bp-reports-6point7-billion-second-quarter-loss-after-major-write-downs-cuts-dividend.html
The forward guidance from BP is concerning but expected. PMO wont escape the pain either IMO
Not great but who was expecting anything other than terrible results? Mostly priced in BP share price imo, can’t see them going much lower while still offering a decent divi in this climate
Good time to get more assets from BP at a discount ??
It's another Eon in the making
Someone missed topping up at the bottom!
Been filled my boots.
Gla
I hope we drop Bp asset buy and consolidate our position.
Saw big mistakes in financial crash of 08. Rbs being a good example.
All imop of course.
Looks like she is going test resistance at 33 again.
SK thanks.
Thing is will it not help them with their lenders if they can show massive increase in production at the expenses of extra shares. The current declines in production won't help, that is for sure.
I am staying out until RI is known.
The company has $1 billion debt. If I was running this company, I would lean on shareholders and reduce debt exposure.
We have lots of shale oil companies going bust. The company will have plenty of opportunity.
Some nice prem buys coming through
Woodstock1970,
The shareholders don't have any money ! and the market cap has been shorted to sh - - Its the bondholders and creditors who have all the cash Tony should and probably will lean on them !
guys i posted last night that BP results due today. seems i was right saying be careful! oil price soaring $44 brent!
resistance at $42 WTI. target $38.50