vish Posted February 6, 2007 Report Share Posted February 6, 2007 Clonk! Shares fall on lower profits. Time to buy some more? more bad news and it still doesn't go below 530p. Looks like a decent bottom. Link to comment Share on other sites More sharing options...
No6 Posted February 6, 2007 Report Share Posted February 6, 2007 more bad news and it still doesn't go below 530p. Looks like a decent bottom. I suppose if you are buying long term, now could be as good a time as any to buy, even though BP does seem to have a lot of bad news around it at the moment. I do wonder what might happen to it if there was a general sell off in the market? If the oil price holds up or gets back near $70 then BP would probably outperform the market, but if oil fell back, then it might be cheaper come the summer. Any chance 500 or below? Link to comment Share on other sites More sharing options...
drbubb Posted February 14, 2007 Author Report Share Posted February 14, 2007 added to my BP July calls yesterday, paying $1.91 this time. they traded even lower afterwards Link to comment Share on other sites More sharing options...
Tune2001 Posted February 21, 2007 Report Share Posted February 21, 2007 Bad news from Russia sends BP down again! When will things turn around for them? Link to comment Share on other sites More sharing options...
squeek Posted February 21, 2007 Report Share Posted February 21, 2007 They went ex-div today didn't they? So the drop so far has only been roughly what the dividend was. I suppose that it went down yesterday too. Link to comment Share on other sites More sharing options...
BillyPilgrim Posted February 23, 2007 Report Share Posted February 23, 2007 Bad news from Russia sends BP down again! When will things turn around for them? Up 2.7% today! Hopefully this will continue. I managed to top up at 525p. Link to comment Share on other sites More sharing options...
No6 Posted March 1, 2007 Report Share Posted March 1, 2007 BP now 517, getting ever closer to 500. Link to comment Share on other sites More sharing options...
dom Posted March 1, 2007 Report Share Posted March 1, 2007 BP now 517, getting ever closer to 500. There needs to be some finality with the business in Russia. I've been looking to buy for a while, but haven't because of this issue. Link to comment Share on other sites More sharing options...
Rikk03 Posted March 2, 2007 Report Share Posted March 2, 2007 There needs to be some finality with the business in Russia.I've been looking to buy for a while, but haven't because of this issue. Same here, we could be a long time waiting though. Link to comment Share on other sites More sharing options...
Rikk03 Posted March 3, 2007 Report Share Posted March 3, 2007 Financial Times article for Friday 2nd March. Gazprom yesterday said it was discussing forming an international joint venture with BP to sell liquified natural gas that the Russian energy company said could presage further co-operation with the British oil group. Lord Brown, BP chief executive held talks in Moscow yesterday with Alexei Miller, his counterpart at gazprom, as the two companies sought ways to settle a stand-off that has dogged BPs Russia venture TNK-BP. A Gazprom offical siad the discussions could mark the beginning of "wider cooperation between the two companies in oil and gas". The article goes on further - but nothing else new. Light at the end of the tunnel?? Link to comment Share on other sites More sharing options...
theChuz Posted March 3, 2007 Report Share Posted March 3, 2007 Financial Times article for Friday 2nd March. Gazprom yesterday said it was discussing forming an international joint venture with BP to sell liquified natural gas that the Russian energy company said could presage further co-operation with the British oil group. Lord Brown, BP chief executive held talks in Moscow yesterday with Alexei Miller, his counterpart at gazprom, as the two companies sought ways to settle a stand-off that has dogged BPs Russia venture TNK-BP. A Gazprom offical siad the discussions could mark the beginning of "wider cooperation between the two companies in oil and gas". The article goes on further - but nothing else new. Light at the end of the tunnel?? Hope so, i bought in yesterday.. Link to comment Share on other sites More sharing options...
Rikk03 Posted March 3, 2007 Report Share Posted March 3, 2007 Hope so, i bought in yesterday.. I think im gonna wait for indications of BPs 1st quarter results released at the end of April, - although rising oil prices should give a good outlook. A rise in out put would also really help share price considering their recent bad press. http://www.iht.com/articles/2007/01/09/bloomberg/bxbp.php I think its a good bet that after the recent bad news, that BP will want to put a shine on things - improve their media profile. I reckon the upcoming statement in April will be upbeat. Indeed I reckon there will be a continual flow of upbeat news releases (we need to keep posting any news reports here) from now until end of April, that Article above will be the first of many controlled release news bulletins. Link to comment Share on other sites More sharing options...
No6 Posted March 3, 2007 Report Share Posted March 3, 2007 "Russia's environmental agency said on Saturday that environmental violations at Orenburgneft, a subsidiary of Anglo-Russian oil firm TNK-BP (BP.L: Quote, Profile, Research), had caused an oil pipeline leak on February 28 which threatened water supplies." http://uk.reuters.com/article/businessNews...373048520070303 And some good news. "BP (BP.L: Quote, Profile , Research), operator of Vietnam's Nam Con Son gas project, said on Friday it planned to raise natural gas deliveries to power plants in the country's south by nearly 14 percent to 15 million cubic metres per day." http://investing.reuters.co.uk/news/articl...TNAM-GAS-BP.XML "Russia's OAO Gazprom has discussed forming a joint venture with BP PLC that could work with liquefied natural gas, the state gas monopoly said in a statement Thursday." http://kiplingerforecasts.com/apnews/XmlSt...?storyid=316806 Link to comment Share on other sites More sharing options...
Rikk03 Posted March 4, 2007 Report Share Posted March 4, 2007 A 2006 article that gives us an idea about future good news releases. http://www.cnn.com/2006/US/08/08/oilfield....down/index.html When BP officially announce that it is back to full capacity at that site it WILL help BP share price. "The U.S. Energy Information Administration said the field, the largest in North America, would fully recover from the shutdown by January 2007, Reuters reported." This next url is a very useful article - mixed bag of good and bad info. http://money.cnn.com/2007/02/06/news/inter....reut/index.htm http://www.findarticles.com/p/articles/mi_...18/ai_n16847490 This one above could certainly be a source of good news. Link to comment Share on other sites More sharing options...
Rikk03 Posted March 4, 2007 Report Share Posted March 4, 2007 The suggestion i have seen on multiple websites is that BP will merge with another major Oil company to deal with its supply issues. Question is what are the likely candidates? and ...... Likely effect on BP share price? Link to comment Share on other sites More sharing options...
theChuz Posted March 4, 2007 Report Share Posted March 4, 2007 The suggestion i have seen on multiple websites is that BP will merge with another major Oil company to deal with its supply issues. Question is what are the likely candidates? and ...... Likely effect on BP share price? Shell. 24 oct 2006 A Shell-BP merger would make a lot of sense and would allow [the BP chief executive Lord] John Browne to leave his company on a high note," Fadel Gheit, an analyst with Oppenheimer & Co in New York, said yesterday. Mr Gheit put out a note last week saying that Shell and BP could make annual savings of more than $5bn and significantly improve the new company's operating efficiency. This would help it compete with ExxonMobil. BP's share price has risen by less than 6% and Shell's less than 8% this year while ExxonMobil's has soared by 24% and Mr Gheit, unlike many of his fellow analysts, thinks regulatory clearance could be achieved without too many divestitures being demanded. http://business.guardian.co.uk/story/0,,1929784,00.html Link to comment Share on other sites More sharing options...
No6 Posted March 4, 2007 Report Share Posted March 4, 2007 BP merging with Shell? I fancy that one would end up on the desk of the Competition Commission. Link to comment Share on other sites More sharing options...
theChuz Posted March 4, 2007 Report Share Posted March 4, 2007 BP merging with Shell? I fancy that one would end up on the desk of the Competition Commission. Yea it would be a bit of a beast edited.. or would it.. Outdated info but a quick look shows that combined they would produce 1822M barrels which is still no where near saudi arabian oil co by itself, china venezuela and mexico would still give them a run for thier money... assuming production ratio's stayed about the same since 1998 which maybe very far fetched, ill try and find some more up to date figures for comparrison when i get time. COMPANY WORLDWIDE OIL PRODUCTION Million barrels per year, 1998 Saudi Arabian Oil Co.* 3028 Petroleos Mexicanos* 1278 Petroleos de Venezuela* 1258 China National Petroleum* 1168 BP Amoco + Arco 963 ExxonMobil 894 Royal Dutch/Shell 859 Nigerian National Oil Co.* 772 Iraq National Oil Co.* 770 Kuwait Petroleum* 757 Chevron + Texaco 756 Link to comment Share on other sites More sharing options...
No6 Posted March 5, 2007 Report Share Posted March 5, 2007 And now 511. Link to comment Share on other sites More sharing options...
theChuz Posted March 6, 2007 Report Share Posted March 6, 2007 And now 511. Yea i wont be logging into my portfolio until a few weeks time, I dont want to see the damage Link to comment Share on other sites More sharing options...
DontPanic Posted March 9, 2007 Report Share Posted March 9, 2007 I finally got around to buying BP in the past weeks correction. Also bought more British Energy and a little speculative punt on a JREIT (JRIC). To pay for the above some profits were taken on the uranium shares and injected a bit more cash. In hindsight the way the uranium bounced back id be better if i kept the lot. Link to comment Share on other sites More sharing options...
Rikk03 Posted March 18, 2007 Report Share Posted March 18, 2007 Two very bad news articles in mainstream press on BP this weekend, one in the Main section of the FT on Sat regarding the unlikely alliance between BP and Gazprom and how the Russian government has set impossible targets in production (as BP implies) that seems to be to force the default and reallocation of contracts (implying that BPs role with Gazprom is doomed), and a scathing attack from the US administration with regards to safety, - in the Investors Chronicle. If anything BP will fall this week to a new low - another buying opportunity perhaps? Dont forget annual results at the end of April. Link to comment Share on other sites More sharing options...
polo Posted March 18, 2007 Report Share Posted March 18, 2007 hmmm..........bp and sto both move together but its interesting to note the greater volatility of statoil which suggests trading sto would be more profitable than bp, both long and short! http://bigcharts.marketwatch.com/charts/bi...&mocktick=1 Link to comment Share on other sites More sharing options...
drbubb Posted March 20, 2007 Author Report Share Posted March 20, 2007 BP has been disappointing, and i am glad that i own calls (with limited risk), rather than outright longs. I had another look at the chart ... update-weekly-w/533wk i see that it broke the 200wk.ma. where's the next support likely to kick in? i use fibonacci numbers. the next one is: 330wk- which has broken, then the 533wk.ma. That one comes in about 517p- and BP has traded a touch below that. Closed yesterday at 515.5p. In NY there, was a nice bounce: $60.10 + Change +$0.53 i will take another look at the BP story. i am considering "resetting my options" which would mean: selling the July calls that i own, and buying a lower strike with more time Link to comment Share on other sites More sharing options...
drbubb Posted March 20, 2007 Author Report Share Posted March 20, 2007 The US$ chart tells a somewhat different story ... update-all data : last 26 weeks support is here, right near the $60 level. 203wk.ma is at $59 btw, if you are going to go long BP, the ideal way is through the US$ Call options (!!!) not straight longs, and not through the Gbp calls i think reading thru some of the previous posts may make that clear. but if you want to know more, please ask! Link to comment Share on other sites More sharing options...
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