Https://pgjonline.com/news/2024/april/bp-nears-deal-to-sell-trinidad-upstream-gas-assets-to-perenco
Morning Spights and all
I always said we are worth £8 in a take over.
Shell even thinking about a move to US is a game changer.
BP likes to be a trend setter, but I just see them being slow to act.
Onward and Upwards
Here is a little thought
Shell decide to list in US
BP stubbornly stay listed in UK.
18 month later Shell have indeed been re rated.
Just before BP decides to follow Shell to US,Shell use their newly re rated shares to buy out BP ,taking advantage of a 40% -50% increase in sp.
BP have stubbornly managed £6.( about 20%)
Could you see it playing out
The world’s top independent oil trader, Vitol, booked a net profit of $13 billion for 2023, wrapping up a second consecutive year of very high net income following record 2022 earnings, the Financial Times reported on Monday, quoting sources familiar with the privately-owned group’s results.
The disruptions in the energy markets and the high volatility in commodity prices in 2022 and 2023 benefited the largest independent trader, and all other major independent trading groups such as Trafigura and Gunvor, but Vitol’s earnings far outpaced those of its closest rivals.
My very very simple take on Vod buybacks is
If you think sp is currently over valued buybacks at this price are a disaster
If you think sp is close to value buybacks are fairly neutral.
If you think sp is under valued buybacks are a good thing at these values of sp.
My personal view for what is worth ( probably very little) is that buybacks at these prices are roughly worth buy one get one free, as I believe a fair value is about £1.40.
I expect these low levels of sp to continue even during buybacks ( sell in May and go away).
But only time will answer that.
These personal views are only that, ( an opinion and may or may not be what actually happens)
Hi Gingy
“BP will be impacted by downtime at Whiting and Freeport LNG".
That should not be a surprise as it’s well known,so expecting a reasonable announcement,due to oil price, but not spectacular.
It’s what the market makes of it that counts.
But markets are meant to be forward looking and with oil above $90 it’s easy to feel optimistic about the rest of the year.
But that can change in a moment
From Proactiveinvestors
If it is anything like Shell’s update on Friday, BP’s first quarter numbers on Tuesday will be a low-key announcement.
The upshot from Shell is that gas profits are falling following the bumper returns it saw in 2023, but otherwise, trading seems solid enough.
Something similar is likely from BP though analysts at Jefferies said that "BP will be impacted by downtime at Whiting and Freeport LNG".
BP has already allocated US$3.5 billion for share repurchases in the first half of 2024 and has set its sights on executing buybacks of at least US$14 billion (£11 billion) by the end of 2025.
In other words, BP is aiming to redistribute at least 80% of its surplus cash flow back to its shareholders.
Again, quite a few billions not going towards green investments (in BP’s defence, it has been fairly candid about scaling back its green-transition targets); something that has angered its critics.
Div yield last 10 years
https://www.dividenddata.co.uk/dividend-yield.py?epic=BP.
WP
Is this what you are referring to posted by Boyobach
Oil Price isn’t the problem here: BP is underperforming, particularly since May2nd last year.
https://invst.ly/13me5v (chart of BP against Brent and Shel over 5 years)
OP is well above 2019 levels, when BP was around 550 with Brent at $66 .
It’s not just BP all my shares are down.
Market down 80 pts.
Sp not important short term as long as it can stay above £5.
It’s all about the oil price and earnings for now.
Although $90 oil will start to affect inflation again.