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Share Price Information for BP (BP.)

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Share Price: 510.40
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Ask: 509.50
Change: 0.00 (0.00%)
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Sunday share tips: Dairy Crest, Cluff Natural Resources, tightening cycle stocks

Sun, 20th Sep 2015 15:08

(ShareCast News) - Dairy Crest shares are worth buying, said Danny Fortson in the Sunday Times' Inside the City column. Investors are currently awaiting a Competition & Markets Authority decision on 19 October whether to allow Dairy Crest to sell its dairy business, roughly two thirds of group sales, to sector peer Muller for around £80m. The milk business has been a lossmaking one since 2011 due to high costs and supermarket price competition.Cheese and spreads are where the money lies for the FTSE 250 group, whose brands Cathedral City and Clover allow it to cream off profit margins near 15%. Offloading the dairy business would slash the headcount and allow for a likely increase in the dividend yeild from the current 3.5%. Dairy Crest also will soon move into the market for baby food ingredients, opening a gateway to emerging markets for the first time. Ahead of the CMA decision the shares have churned 50% higher, so a rejection by the competition watchdog would see a lot of this lost.Shares in Cluff Natural Resources are a buy, wrote Midas in the Mail on Sunday, but only for those willing to bear the not-insignificant risks and sharp movements of its illiquid shares. This tiny and still lossmaking business, set up by North Sea oil pioneer Algy Cluff, is worth a look for the potential for it to make a profit from its five North Sea oil exploration licences operations and an high risk-reward bet on underground coal gasification (UCG).As opposed to Victorian era coal-gas technology, nowadays UCG technology allows the production of gas without having to dig up the coal. Gas is created through raised temperatures at the coal seam, which is then pumped out for refining into other products. This process can extract gas from the North Sea at a fraction of previous prices. Cluff has several licences that it believes will throw up UCG gas but need to clear local planning resistance. Chairman Cluff maintains that drilling could be done offshore and still be economically viable if onshore processing is not approved, with central government intervention to encourage alternative gas extraction a possibility.Some UK companies' shares are likely to do better than others in the post-US-interest-rate-hike world, explained Questor in the Sunday Telegraph. Commodities, clearly, is a sector that is very exposed after the falls in prices of natural resources. The debt built up in previous years will now cost miners such as Anglo American, Glencore and oil companies including BP and Shell more to service, as well as hitting companies that serve these markets, like oil engineers. Utility companies, normally seen as defensive, also have built up sizeable debt, putting this sector's outfits such as at risk of the Federal Reserve's lift-off too, along with banks and real estate companies, which historically underperform in rising rate environments, as will housebuilders.Economist Simon French at Panmure Gordon has found telecoms and technology shares have historically performed best during rate rise cycles. Questor suggested companies such as Vodafone, Sage, BT and Sky should be able to weather the storm. If in doubt, there's always cash.Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only as not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.
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29 Jan 2024 17:02

LONDON MARKET CLOSE: Stocks slightly down pre US Fed, Bank of England

(Alliance News) - Stock prices in London closed mutedly lower on Monday, ahead of a busy week of interest rate decisions and economic data.

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29 Jan 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 nudges higher ahead of rate decisions

(Alliance News) - Stock prices in London were mixed going into Monday afternoon, ahead of a busy week of interest rate decisions and economic data.

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29 Jan 2024 08:41

LONDON MARKET OPEN: BP, Shell higher amid Middle East tensions

(Alliance News) - Stock prices in Europe opened mostly lower, ahead of an important week of central bank decisions and economic data.

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26 Jan 2024 23:06

Equinor, Orsted bid for better contract in NY offshore wind auction

Jan 26 (Reuters) - New York State said on Friday it received bids to supply power from three offshore wind projects in its expedited fourth solicitation that allowed developers to exit old contracts and re-offer projects at higher prices.

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26 Jan 2024 17:02

LONDON MARKET CLOSE: Stocks up as Fed's preferred inflation read cools

(Alliance News) - Stock prices in London closed up on Friday, as investors predicted and responded positively to a cooling inflation read in the US.

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26 Jan 2024 13:16

Equinor sticks to 2030 renewables targets after US wind project reset

OSLO, Jan 26 (Reuters) -

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26 Jan 2024 12:11

LONDON MARKET MIDDAY: China growth measures and LVMH lift mood

(Alliance News) - Stock prices in London were up at midday, with investors optimistic ahead of a key US inflation reading.

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26 Jan 2024 10:03

Equinor sticks to 2030 renewables targets after US wind reshuffle

OSLO, Jan 26 (Reuters) - Norway's Equinor maintains an ambition to reach 12-16 gigawatts (GW) of installed renewable energy capacity by 2030, despite dropping out of some projects in New York, its renewables head told Reuters on Friday.

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26 Jan 2024 08:48

LONDON MARKET OPEN: Oil majors boost FTSE; LVMH lifts Burberry

(Alliance News) - The FTSE 100 looked set to end the week on a high note in early Friday trading, buoyed by strong US economic data and rising oil prices.

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25 Jan 2024 11:00

Big turnout expected in New York offshore wind power auction

Jan 25 (Reuters) - Several offshore wind developers will likely bid in New York's fourth offshore wind solicitation by the Thursday deadline, including units of European energy firms Orsted, Equinor and BP.

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23 Jan 2024 17:25

BP sees Trinidad deepwater gas project getting greenlight as soon as 2025

PORT OF SPAIN, Jan 23 (Reuters) - BP expects the Calypso deepwater natural gas field off Trinidad and Tobago, which it shares with Woodside Energy, to get the greenlight when a final investment decision (FID) is made as early as the end of next year, a company executive said.

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23 Jan 2024 08:47

LONDON MARKET OPEN: Stocks see muted open; oil majors rise

(Alliance News) - Stock prices in London opened largely flat on Tuesday, failing to capitalise on broadly positive market sentiment elsewhere.

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22 Jan 2024 19:33

Trinidad in talks with Europe to supply Venezuelan gas

PORT OF SPAIN, Jan 22 (Reuters) - Trinidad and Tobago has begun talks with some European countries on the supply of liquefied natural gas (LNG) produced from Venezuelan gas, Prime Minister Keith Rowley said on Monday.

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22 Jan 2024 10:44

SDI promotes Chief Operating Officer Stephen Brown to chief executive

(Alliance News) - SDI Group PLC on Monday said its chief executive officer has stepped down, naming its chief operating officer as successor.

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