bp's stock hits 52 week high on historic debt reduction and beating wall street estimates on earnings despite the heavy net impairment charges expected in Q3
Meg's simple strategy is really working. The stock is finally moving and so are the investors sentiments. Time to go bullish on bp!
@3er looking retrospectively, I’m glad I got rid of them all at $50, and was able to use the proceeds to buy the dips of tech stocks this week! Working at the WL1 call center is not the only way to make a living!
@3ef WTI fell off a cliff and dems won the election. Reactionary response, not indicative of bp’s actual performance. Check in again after the February reporting!
This aged well!
@1bd $64 here we come!
@kz profit taking is holding the stock down this week. One of the best bargains with 6% dividend and at least $75 by end of year. Debt down, maximized diesel production, trading desk surprise will blow the analyst expectations away. I really do not see why BP will not follow other operators stock price increases with what leadership has done. Just a week to $55 imo and a good ole o&g company that will do what it does best. Back to sponsoring F1, everyone working hard to hold on to their jobs, productivity at a high, most whiners out of the way and flattened decision making.
@k8 cool story. Can’t wait to hear it again the next time something goes right here!
Shoot, I didn’t realize the stick price was increasing quickly this week and sold all my remaining company shares at $50, and it’s still increasing…I can only tell myself don’t be greedy!
@k8 thanks for all your efforts mate, keep up the good work
bP is kicking a-s! it is worth more than 50% of what it was worth when i joined well over 20 years ago. winning!
Non of the dividend relates to underlying business performance. Expect bonus to be low. Predict the war dividend goes to shareholders and management with stock options.
Should I sell now? Or is there more potential gains?
@am it does not matter, it helped pay down debt to less than target ahead of time. With Horizon payments coming to a close BP at an all time high in 2-3 years ie higher than 76$ is a real possibility. A lot of folks won’t like this, a lot of folks said BP stock will never cross $40, yet here we are. Simple math is that post covid increase in share price that happened to other operators; it’s been long overdue and Bp’s turn.
pure management brilliance. i can only imagine what would happen to bp share price if there were a war with Iran and oil prices skyrocketed