A super major energy company. Their growth and capital allocation don't make this compelling at all. EOG-N is much better and will snap back better after this oil sell-down.
A super major energy company. Their growth and capital allocation don't make this compelling at all. EOG-N is much better and will snap back better after this oil sell-down.
BP recently made a big acquisition that the market liked. Its balance sheet is reasonable and its last earnings results were good. It recently increased its dividend. Oil is finding a level at $70 or higher, which is good for BP.
He still likes it. They got their cost structure down. It is a free cash flower with a 5% dividend. The dividend will remain if oil drops to $50. The balance sheet is in good shape.
(A Top Pick May 16, 2017, Up 20%) Lots of free cash flow which covers their dividend, unlike other companies that borrow money to. He expects dividend increases. They're actually investing big in renewables. Big oil is investing their profits in green because they see renewables as their future in 20 years as oil declines.
(A Top Pick May 16, 2017, Up 20%) Lots of free cash flow which covers their dividend, unlike other companies that borrow money to. He expects dividend increases. They're actually investing big in renewables. Big oil is investing their profits in green because they see renewables as their future in 20 years as oil declines.
This was the big oil leak in the Gulf of Mexico. The US changed the rules and applied therapeutic sanctions and retroactively wrote legislation. The company had to sell off some assets and slowly started to rebuild. European oil is starting to recover quite nicely and generally had a decent year. The company has started to go back into exploration, and is now starting to be followed by the other majors. Assuming the conditions of OPEC supply constraint remain, the Saudi/Aramco goes public, then longer-term we will see a higher energy price, but it won't be immediate. A company like this will do okay. Thinks it has a more upside. Prefers Royal Dutch Shell.
This was the big oil leak in the Gulf of Mexico. The US changed the rules and applied therapeutic sanctions and retroactively wrote legislation. The company had to sell off some assets and slowly started to rebuild. European oil is starting to recover quite nicely and generally had a decent year. The company has started to go back into exploration, and is now starting to be followed by the other majors. Assuming the conditions of OPEC supply constraint remain, the Saudi/Aramco goes public, then longer-term we will see a higher energy price, but it won't be immediate. A company like this will do okay. Thinks it has a more upside. Prefers Royal Dutch Shell.
BP PLC is a American stock, trading under the symbol BP-N on the New York Stock Exchange (BP). It is usually referred to as NYSE:BP or BP-N
In the last year, 2 stock analysts published opinions about BP-N. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is PAST TOP PICK. Read the latest stock experts' ratings for BP PLC.
BP PLC was recommended as a Top Pick by Darren Sissons on 2020-06-18. Read the latest stock experts ratings for BP PLC.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered BP PLC In the last year. It is a trending stock that is worth watching.
On 2021-04-23, BP PLC (BP-N) stock closed at a price of $24.275.