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Look at the optics of this, about to publish a Green bill and Biden's focus is calling out OPEC to open the taps, the US govt know a supply squeeze is coming and prices will rocket, we've seen what the OM can produce cash wise at these demand levels with POO at high 60s average in Q2... now imagine a 30-50% increase in price. No wonder OPEC is limiting the taps... higher margins per bll are coming and Biden administration knows it. This is a headline that I think went widely unnoticed and I'm not sure why. Bullish... (but first gimme those divi's)

Broker price forecasts are usually given on a 12m timeline

A critical part of the investment story of oil co's is a disciplined capital frame, this means they need to be consistent in how excess cash flows will be spent in order for institutional investors to fully understand what they are buying into, buybacks vs. increased dividend has arguments on both sides... but due to current SP levels it makes logical sense to keep buying back shares at an incredible discount for when the world is back on its feet we'll see returns of 40%. Buybacks are just one element of this disciplined capital frame that wont change unless something material occurs internally/externally.

I wish I could just publish an article and state based on “my DCF model” the share price is worth x. What a joke of an article ??

Cash flow machine for under 290p? Just stocked up, don’t understand the current SP but I’m not questioning it! Great buying opp and be surprised if we see 270s with results around the corner

it geneuinely scares me how many people come to oil stocks looking for a quick gain or to day trade it. These stocks are moved only by the big boys placing huge orders based on macro events. top up at these levels and forget about it, you'll be the one laughing when reality is back and oil co's are a cash flow machine... I've maxed S&S isa so might enter a holding for bp in my dealing account, at these prices you're crazy to not buy and hold for >1 year

I pop into this board every now and then with the same comment, invest in fundamentals, $70+ Oil Price, OPEC risk in my eyes in non existent they wont crash the market again as it serves no one, bp's been trading in a range for months now so its pretty clear where the value entry is... top up whenever it hits the bottom of the range and walk away for 12 months... collect one of the best divi's and get on with your life.

WeirdPal £3.16
Henrythecat £3.12
sb £3.14
Codders £3.15
Bp or not 2 b £3.17
Android £3.18
Stockready £3.20
Rjb92. £3.22
Jezzoo £3.24
Robbyw £3.25
Share be alright. £3.27
Razu3.28
45Bob £3.29
NSS £3.33
Thronegames £3.36
Spights £3.42

if oil hits $30 a barrel again I'm pouring 50k into bp & shell, fingers crossed :D

$75 oil price and we're under 330p... market making all the right sounds about increasing demand as economies open up... for those not in this is the last chance for a guaranteed 10-20% return + divis.. park your capital for 6 months and thank me later

Few things here:

1) they forecast a decline in FCF - wheres the impact of a potential $100 oil price?
2) They are using an 11% discount rate which is insane and stuck in the 90s... not sure if this is an American thing as I used to work at one of the big three auto players and they insisted using 11/12% as the standard
3) Intrinsic value analysis is one dimensional, with all thats going on in oil/energy plays at the moment you'd be crazy to use this as a guide

Oil at mid 60's, improving outlook, talk of a supply gap, western economies open up and its the inflation fears that are having the impact, just topped up RDSB @ 1300 and will be back into bp if we reach mid 290's. Insane opportunity to load up. Holding £10k of each now, come this time next year I expect 20/30% returns plus divis! better than a savings account

Added 3k more shares to my 212 account, on top of the 20k I hold in a more reliable brokers trading account.
Thanks for the shares, this will only grow over the next month as anticipation builds in the EU and US. Presentation tomorrow should help with exposure but when the US properly comes on board I expect a £200m mcap company based on prospects a line. Have always said 30p is my limit in which I sell. Personal goals

GLA

bpornot2bp Aware of recent history but oil majors are cash machines with oil prices this high... look at saudi aramco results.. As long as the good news re: oil price continues I'll hold and pick up divi's

avg. price of 270

Oil prices increasing, major economies back on their feet, all oil majors posting great results, stay for the fun

Must drill can mean a lot of things remember. It could be that it’s met internal parameters equal to other drill locations or it could mean they are sure it is a no1 candidate. We don’t know yet remember this

Yep many thanks! lets hope I can pay off loans and leave a little bit in HE1 as a free play

Yep I should receive a payout, already got a lawyer on it but this could take 6-12 months to get... anyhow my wrist is on the mend and is useable... although it'll be another 4-6 weeks before I'm back in the gym/ able to load the wrist joint :(

Thanks, father. Hopefully you're investing your own money and not the money thats just sitting in your account! ;)

Could it be possible we hit $70 oil in early July and bp still trades around £3-£3.20?

Obscene opportunity here