Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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The reason the price is low is bcos someone like you didn't pay at the pump this morning they drove off so BP goes bankrupt business was hanging on a string
Happy, I agree with your analysis of the recent drop, I was trying to remind people that the USA took so much from BP that £10 is implausible whereas , had the USA recognised the part their contractor paid and been less generous in compensating all and sundry in the area, BP would likely be double its current size.
Well reasoned Happy
Taversham
I don't think it is correct to say Deepwater Horizon is the reason the SP is 360 today. That was more than 10 years ago and since then much has changed and the SP has been much higher (almost 600p at one point) well after Deepwater The reason the SP is lower is the impact of the pandemic, the heavy dividend cut and the pivot to net zero (including a 40% cut in oil production by 2030). The market is still not fully bought in to BP's strategy.
I agree the £10 valuation by 2025 (note still more than 3 years away) is implausible IF viewing BP as "only" a fossil fuel company. But I contend that in time BP will be valued differently - as a renewables growth business with a legacy (yet still highly efficient and profitable) oil and gas business. That is what Looney is trying to achieve. If he pulls it off the returns could be spectacular but the jury is still out.
All IMHO DYOR
Best
Happy
Y11, the USA took tens and tens of billions out of BP as punishment for deepwater horizon [ which was in part attributable to a us contractor] and that explains where the value has gone and £10 looks implausible imv.
Anybody saying this hasn’t got the potential to break £10 doesn’t understand financial economy and what’s going on.
I think we will get a drawback, then a strong lunch up approaching Q3 results.
I think that much has been priced in, but if the market start to see $80+ as the new normal in a supply constrained world, I think I will have to revise my current Target to start selling, of 530p. May well be tempted to keep a fair chunk of BP, as I think they have lots of potential going forwards in the 5-10 year window
... think we'll have another red day on Tuesday.
Back into the 350's.
It will be a hell of a long time, if ever, that bps share price will be £10. I would love it to be £10 but I don’t think so. I think £5 within a year or two is a good possibility as long as no more financial disasters don’t crop up along the way. Unfortunately there could be one around the corner depending on what happens in China over the next few months
In 2007 bp was worth 230 billion, today it’s worth a mere 100 billion. The valve of money down, assets bp has today and now oil prices has the potential to go much higher £10 is very possible in the not so far future and with the great dividends on the way I’m happy to hold whilst we find out.
Annalisa clearly has a PhD in ignorance - best ignored
Well said happy
Well Annalisa, if you say so.
Why don’t you remortgage your mobile
Home and more than double your money
Then if it’s hitting £10
Live by your convictions
Anyone saying £10 is a idiot end of
Annalisa
If you want a reasoned response from someone, you don't start by calling them an "idiot". You appear to have a very high opinion of yourself but very little to back it up. If you read back your own posts, they comprise telling people how fabulously wealthy you are proceeded by illogical, rambling nothingness.
I will longer waste my time addressing you directly because you come across as a narcissistic fantasist.
Best
Happy
10 quid, I'd be in dreamland. There are fewer shares in circulation. Perhaps a large American player flush with CASH from high oil prices might sneak in a bid. Never say never!!
Profit taking. We were range bound between 287 and 322 for most of the early part of the year. No reason we now won't become range bound from 360 to 380 even 390. We've established this level for three or four days, which means there are as many buyers as sellers at this price. Once we've flushed, the profit takes at this level it's onwards and upwards. Oil is going to hit 100 not if but when. Once we touch 400, we will see a big blow off again, and we will repeat. This on only going in one direction for the few years. Add in a dividend increase and we could be at 500 before Xmas.
O think we are all.in for a shock on the criticality of energy to us.
It's a stable absolute necessity which has gone up over 4 times price wise in 12 mths plus demand is rapidly accelerating. Maybe 10 is too high but I can easily see 5+ next year. Plus it is going through a major transition
He said "tell me how", so I told him how.
It's not my prediction, but it is possible. It is not the median projection, but a high end one.
Pray tell me? I am not a God, but £10 is pushing it even with a good wind
“Pray tell how it’s going to get to £10”
If energy prices (gas and oil) stay where they are at the moment by next October there is a good chance that this share could be £10.
It really should be in the low £4’s right now, and looks like it should be £5+ at the end of Q4 .
I am not a shorter and still hold all my shares bp , iag, Vodafone
However idiots putting silly high valuations
On here need to stop
Pray tell how it’s going to get to £10
It can’t get to £4 so stop being daft
PeterH1
I am in for the duration.
Holding and hoping for a bigger rise than I have already (currently 30% uplift, sweet!) but with divis looking good as well, I am happy to hang onto these for quite some time.
Would only look to sell if it hit £5.