the Barclays 10 target price makes sense , didn't know bout their report , it confirms what I was saying re the 100% premium currently demanded by US oil stocks , not justifiable any longer with new strategy
RE: nothing to do with potential take over8 Feb 2023 08:53
weirdpal that is exactly what am saying, in addition as I wrote yesterday in another post to expect the price higher on US open is because the major flow is coming from US institutions as such discount on US oil stocks is not justified any longer after the new strategy if you project cash flow and earnings over the next few years, US oil stocks currently demand 100 % premium over BP PE
nothing to do with potential take over8 Feb 2023 08:34
this is due to re rating after new strategy with new DCF coming in really powerful and still at substantial discount to its peers especially US oil stocks
such (still) a cheap stock a day before ER we all knew it was going to be in the worst case scenario decent, am asking those who sold yesterday ....this is a stock to hold forever unless they change their quarter dividend payment policy and stop their commitment to increase it
Gideons well of course....bp is a different story today from the rest of the market , but what I was saying is that when bp went down from the 360s to the 350s all other stocks felt downside pressure ...momentum was similar