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BP p.l.c. (BPAQF)

Other OTC - Other OTC Delayed Price. Currency in USD
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5.28+0.09 (+1.83%)
At close: 01:40PM EDT

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  • D
    Doug
    Europe shouldn’t have embraced the ESG, climate-change, and “green” crowds in demonizing Big Oil. Big Oil is the solution, not a pariah. GLTA.

    https://oilprice.com/Energy/Energy-General/Drought-Is-Driving-European-Energy-Markets-Toward-Disaster.html
  • h
    hydrogenH2
    Europe is experiencing what may be its worst drought in 500 years, with river flows down by around a third on average. The drought, which is likely to have been intensified by global warming, is having a serious effect on food production and river transport at a time when there is already a food crisis and soaring energy costs due to the Russian invasion of Ukraine.
  • R
    Robert
    BP’s trading unit(largest in world) is purchasing oil future contracts at these low prices knowing by November they can sell them when oil hits $120 again. It’s an almost certain trade gain and they don’t even have to pump the oil. Winter fuel tanks need to be filled and it hasn’t even begun.
  • r
    rob
    GBp currency is not cooperating for the ADS holders.
  • D
    Doug
    Continued extreme natural gas prices in Europe coupled with moderating oil prices will continue to strongly drive the replacement of natural gas with fuel oil. Estimates call for an additional 1 million barrels of oil per day or more to be used in this replacement of natural gas.

    Extreme electricity prices in Europe with moderating gasoline and diesel prices will stall the adoption of electric vehicles. Electric vehicle usage in Europe may quickly stall or even start to decline.

    Both of these trends are very bullish for oil prices in both the long and short terms. The future for BP and its shareholders is bright in so many way. GLTA.
  • r
    rob
    Bp closed up around 1.3% in London.
    There was a manipulative dump of greater than 3 million ADSs at the close in the U.S.
    Somebody wanted bp to close lower in the U.S. today.
  • r
    rob
    OPEC SG Haitham Al Ghais sits down with CNBC’s Hadley Gamble to talk about the challenges facing global energy markets today and the future of OPEC.#CNBC #OPEC
    OPEC SG Haitham Al Ghais sits down with CNBC’s Hadley Gamble to talk about the challenges facing global energy markets today and the future of OPEC.#CNBC #OPEC
    www.youtube.com
  • N
    Nasir
    BP on the march - I predicted this would hit £5 in London and looks like it hopefully will - without even breaking a sweat 😓 - winter is coming and Europe is NOT prepared, oil prices will go through the roof
  • D
    Doug
    Here’s another example of how electric vehicle prices are going to continue to go up and never be competitive versus the good ole reliable, affordable internal combustion engine.

    https://www.zerohedge.com/markets/ford-hikes-price-electric-f-150-7000-almost-exact-same-amount-bidens-inflation-reduction
    Today in both "price fixing is useless" and "your taxpayer dollars at work" news...
    Today in both "price fixing is useless" and "your taxpayer dollars at work" news...
    www.zerohedge.com
  • r
    rob
    Reported: bp repurchased 145,425,684 ordinary shares in London
    during the time frame 8/2/22 thru 8/18/22.
    Equivalent to 24,237,614 ADSs
    Approximately 0.76% of outstanding shares
  • D
    Doug
    Where’s Greta? Europe’s energy quagmire is exactly what she called for.
  • r
    rob
    Analysts are very slow in updating their forecasted earnings on bp.
    Analysts huge understatement error of 2nd qtr, 2022 didn't change much.
    I guess analysts focus on U.S. peers at the exclusion of others.
  • r
    rob
    Reported: bp repurchased 123,786,916 ordinary shares in London
    during the time frame 8/2/22 thru 8/16/22.
    Equivalent to 20,631,153 ADSs
    Approximately 0.65% of outstanding shares
  • D
    Doug
    Huge crude draw according to the EIA.

    Crude -7.06 million barrels, biggest draw since April 2022

    Cushing +192k

    Gasoline -4.64 million, over 3 million barrel draw from what was expected

    Distillates +766k as expected
  • D
    Doug
    still think it would be extremely wise of CVX to find a way to acquire BP for around $50 per share. This price would cost CVX just over $150B, more than double revenue, almost double earnings, and give CVX oil and natural reserves that the entire industry would envy. Adding trading, pipelines, refinery capacity, and trading would provide tremendous synergies.
  • r
    rob
    Reported: bp repurchased 156,082,511 ordinary shares in London
    during the time frame 8/2/22 thru 8/19/22.
    Equivalent to 26,013,752 ADSs
    Approximately 0.82% of outstanding shares
  • D
    Doug
  • D
    Doug
    Europe will definitely be switching more and more from natural gas to fuel oil. This is an unexpected increase in crude oil demand to the tune of an additional 1 million barrels per day or more. GLTA.

    https://www.businessinsider.com/russia-gazprom-europe-natural-gas-price-gain-winter-2022-8?amp
  • S
    Sally
    BP used to do everything wrong but now they are doing everything right! From oil and gas to renewable energy like solar and wind. This companies future is very bright!