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Don't understand why there should be such a value gap especially when we benefit from the weak £ vs $ which US majors don't.

The arbitrage process must surely level up the value discrepancy shortly. Not worried at all though still think we are at bottom end of a value cycle. I'd rather be here than top end

Is the divi safe here like people's. Given the strong buy ratings and price targertsway higher than where we are assume all safe just wait

No idea why this is so low then but it's very we underpinned by super high yield

DYOR

Stockteady

You are correct. When you put a point of view fwds with a rationale and all you get back is personal trashtalk it says more about them than you. Kee posting please and ignore the commenters who don't have the mental capacity to respond with any better than calling you names. Every board has to tolerate them as a by nuisance

It will break 3.60 though it's just a restistance point

340 was too but smashed it on 3rd attempt

3.80 let's see what shell results do this week

The demand for all shows a very different picture to the one you described oil stocks dwindling and price at $85. Look at the facts.

Well Im not good enough to fill his shoes sorry

Not sure you are that clued up. BP supply globally not just UK. In UK womt be a lickdown but run to masks and distancing.

Read the news

Great Post but just goes to show how undervalued it is trailing PE of 5 is ridiculous. Long term FTSE 100 ave is 19 and BP aren't looking at a future earnings reduction

He can't hoard all this cash glgrom nearly highest oil price in 10 tlyears. The shareholders will put alot of pressure on him to get their share

No its not his strategy and fwds earnings guidance was based on $60 people. We are now 40% above that

No its not his strategy and fwds earnings guidance was based on $60 people. We are now 40% above that

But they are via buyback which is the NPV of future dividends

Please explain your last point more

Good post tinker

My only response would be that the cash is piling in every day and sat in bank and will be in the eps figure. It will have to make its way back to shareholders somehow it can't just sit there and shareholders go ok.

It's the enterprise value that matters when you value a business ie steuctured debt plus equity not just debt in isolation
It makes sense fir a high gearing when debt is so cheap and the shareholders return from the debt is higher than the cost of debt
Read up educate yourself

Haha. The London vote is dead now for him after brexit. He is only in power from the red wall so he must focus on that or he's dead and we get Dianne Abbott and the other special needs "running" the show. Still the bouns is we get to pay the new 10k police £30 each a year!