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BP p.l.c. (BPAQF)
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BP said it will buy back $500 million of shares in the second quarter
There's only 2 weeks left for BP to start buying back 500 million of shares
Why I think BP is a better investment than COP. I have no illusions . COP is the better company fundamentally . COP's break even for a barrel of oil is about$35 and BP's is $45. COP , during the pandemic , had better cash flow than BP . But I still think as an investment BP is the better of the two. COP currently trades at it's pre-pandemic price while BP is $10 away from that . BP pay's about 4.5% dividend and COP pays under 3%. And for the same amount of money I can own twice as many shares of BP than COP. COP is expected to make $3.45 this year and $3.69 next (I think it's safe to say that will be a bit higher as oil get into the $70s) , while BP is expected to make $2.67 this year and $2.92 next . You see the disparity in valuation by their forward PE ratios Overall , considering COP's run up of late , BP has the most potential for total return.
BP needs to take off this week. Shares should be hitting $35 by now with Oil likely surpass $72 this coming week. BP needs to close the gap on XOM valuation.
Are we getting our dividend back, buying back more than expected shares, or reducing debt level beyond goals with all this free cash flow?
I hope OPEX+ squeeze the price up to the pips squeak. It's time to cancel the 'oil is dead' narrative.
After positive remarks from the ceo today and bank of america calling for 100 oil this should move to 35-40 over the next few months ...if oil did move that high BP would have about 8-10 billion on free cash flow every 3 months and billions in dividend from rosneft ..they could knock out more than half their debt in one year if oil tracked that high
Love it!! BP gasoline $3.19/gallon. High Oil Prices are just FANTASTIC, it cuts down traffic on roads because lower class people can't afford to drive their cars. Its all good all part of the Plan. Now where is my Dividend Increase?
Come on BP, what are you waiting for, $80 a barrel, lol, won't be long now.
Rally mode just beginning
Good to see some positive movement.
Vastly under valued
The time is now. The earnings will show the profits. Dividend will be back. Also, the fact that company will be less and less dependent on oil price will present it as a stable value stock. I thought of selling some 2 months ago but ... not anymore.
Company spinoff...no comments..this has to be good for 2-3 per share in value
BP is underperforming XOM rn, but the fundamentals look fantastic.... stay long..... The world is re-opening, and I still think a super demand spike is coming......
The oil Sands has had some political stigma around it for years. I’m staying away from the “one trick pony”. I’m sticking to BP- XOM- RDS - Cvx
Early 30's by next week
Hmm.. I though this would have moved a lot higher by now. Anyway BP will be making mega profits, there might be a 40% increase in the share price someday very soon. Don’t miss out!
Plus $70 oil here for a while. Only a month or 2 till we hit $30 stock price.
BP is like a bubbling volcano..... when it blows, it will be to late to try and chase it.. Its 50% undervalued compared to its peers...
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