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“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 .

Of course, a lot of it won’t be pumped. BP don’t want a lot of it. BP really only want 5-10 years’ worth to be pumped. They are quite diversified.

A Green transition from coal can’t happen unless there is a massive investment in gas. This can’t happen unless the equity of the O&G companies goes up.

"Target up from 310 to 425"
@363 ?
well, they obviously have a history of being right.

https://www.bloomberg.com/news/articles/2021-10-14/big-oil-pays-hefty-price-as-u-k-electricity-suppliers-fail

Actually, maybe they had some before, but either way there should be a good feeling right now at BP.

Norges bank just invested £2.1B

BP is in the best shape it has been in post GOM

I dont understand why people think £5 by Christmas is that strange. No-one has any idea as to the timming of the upward move, which will come based on cash generation. I think it is a 50% chance, its not like it hasnt been there before !

This is also a reminder not to sh*t on the energy sector in the process of a green transition

Its nice if the tide is with you vs against you.

1. Oil and Gas at these levels on the 12th of October.
2. Interest rates rising.
3. High inflation environment.

Got to be feeling positive about this share.

Right now this should be just over £4, but by the end of Q4 this should be over £5.50

YTD they have bought back 1.8% of the shares and should be around 2.2% once Q3 BB are finished. I think they will go big in Q4 and buyback $2B, just under another 2%. A reduction of about 4% for the year.

This makes perfect sense if your look at their earnings potential in Q4.

Certainly what I think.

on a PE of 8, what is that ?

With between $6-$7b earnings.

Its starting to look like a blow-out Q4

Good hiring in the US airlines industry in September