NYSE:BP
38.81
0.03
(0.08%)
BP P.L.C., formerly British Petroleum, is a British multinational oil and gas company headquartered in London.
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Analysis and Opinions about BP-N
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Opinion
Expert
PAST TOP PICK
PAST TOP PICK
October 8, 2019
(A Top Pick Dec 27/18, Up 3%) Oil prices continue to struggle, but BP pays a big, safe dividend. They generate great return on capital even at current oil prices. They also run fuel stations in Europe and sell natural gas products, not just oil. They're a leader in using data to make equipment use efficient.
Show full opinionHide full opinion
(A Top Pick Dec 27/18, Up 3%) Oil prices continue to struggle, but BP pays a big, safe dividend. They generate great return on capital even at current oil prices. They also run fuel stations in Europe and sell natural gas products, not just oil. They're a leader in using data to make equipment use efficient.
TOP PICK
TOP PICK
June 11, 2019
Their business is optimized at below-$50/barrel oil while energy prices are slowing creeping higher. Safe dividend over 5% and there's growth ahead. (Analysts’ price target is $50.32)
Show full opinionHide full opinionTheir business is optimized at below-$50/barrel oil while energy prices are slowing creeping higher. Safe dividend over 5% and there's growth ahead. (Analysts’ price target is $50.32)
TOP PICK
TOP PICK
May 7, 2019
Huge cash flow. They made a big acquisiton of BHP in 2018 and their timing was impeccable. Pays a 5.5% yield that'll grow. They're a big investor in renewables. A cheap stock at 11x earnings. (Analysts’ price target is $50.32)
Show full opinionHide full opinionHuge cash flow. They made a big acquisiton of BHP in 2018 and their timing was impeccable. Pays a 5.5% yield that'll grow. They're a big investor in renewables. A cheap stock at 11x earnings. (Analysts’ price target is $50.32)
HOLD
HOLD
March 11, 2019
Looks fine and doesn't see downside risk. Hold and collect the yield or add now.
Show full opinionHide full opinionLooks fine and doesn't see downside risk. Hold and collect the yield or add now.
PAST TOP PICK
PAST TOP PICK
February 26, 2019
(A Top Pick Dec 27/18, Up 14%) BP is how he plays oil. It's the gold standard in oil operations. They've focussed on cost and discipline, using technology to improve recoveries and cost overruns. Even with $50-60 oil, they'll double their cash flow within five years. Pays a safe 6% dividend.
Show full opinionHide full opinion(A Top Pick Dec 27/18, Up 14%) BP is how he plays oil. It's the gold standard in oil operations. They've focussed on cost and discipline, using technology to improve recoveries and cost overruns. Even with $50-60 oil, they'll double their cash flow within five years. Pays a safe 6% dividend.
BUY
BUY
February 22, 2019
He owns this one and he likes their lack of exposure to WCS oil prices. It is good value here and he expects to see them continue to grow. He would prefer them to SU-T for this reason. Yield 5.8%
Show full opinionHide full opinionHe owns this one and he likes their lack of exposure to WCS oil prices. It is good value here and he expects to see them continue to grow. He would prefer them to SU-T for this reason. Yield 5.8%
BUY
BUY
January 8, 2019
We had oil oversupply which pushed down prices. At these levels BP has an attractive yield. Good reserves and balance sheet. He's happy with their current levels.
Show full opinionHide full opinionWe had oil oversupply which pushed down prices. At these levels BP has an attractive yield. Good reserves and balance sheet. He's happy with their current levels.
TOP PICK
TOP PICK
December 27, 2018
The oil price is nearing its bottom, he thinks. $45 is the marginal cost of U.S. shale production. BP uses new technology and data to reduce their costs and boost productivity. Even if the oil price stays within $45-65, he thinks BP will still bring on more production. They can increase their free cash flow. Pays a decent yield. (Analysts’ price target is $49.30)
Show full opinionHide full opinionThe oil price is nearing its bottom, he thinks. $45 is the marginal cost of U.S. shale production. BP uses new technology and data to reduce their costs and boost productivity. Even if the oil price stays within $45-65, he thinks BP will still bring on more production. They can increase their free cash flow. Pays a decent yield. (Analysts’ price target is $49.30)
BUY
BUY
July 31, 2018
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.
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.
BUY
BUY
May 7, 2018
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.
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.
PAST TOP PICK
PAST TOP PICK
April 9, 2018
(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.
HOLD
HOLD
December 20, 2017
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.
DON'T BUY
DON'T BUY
November 6, 2017
It is an ADR so she does not typically trade it. It has been out of favour, however. She is hesitant to jump into any energy stocks.
It is an ADR so she does not typically trade it. It has been out of favour, however. She is hesitant to jump into any energy stocks.
COMMENT
COMMENT
October 23, 2017
Compared with other integrateds?A company that makes money at $50 oil. Part of their business benefits from oil prices, petrochemicals and refining. They are earning their hefty 6% level dividend with their own free cash flow. These large integrateds are going to underperform if oil does really, really well. They are using their free cash flow to make intelligent acquisitions. Rising dividends are in the cards even if oil stays at $50.
Compared with other integrateds?A company that makes money at $50 oil. Part of their business benefits from oil prices, petrochemicals and refining. They are earning their hefty 6% level dividend with their own free cash flow. These large integrateds are going to underperform if oil does really, really well. They are using their free cash flow to make intelligent acquisitions. Rising dividends are in the cards even if oil stays at $50.
TOP PICK
TOP PICK
May 16, 2017
The Macondo Gulf of Mexico disaster is now past and they have taken all the charges. They’ve rebuilt the company. The balance sheet is in very strong shape. With the cost structure where it is, even at these commodity prices, this company is throwing off lots of cash flow. Dividend yield of 6.7% is sustainable at current commodity prices. This is the cheapest of all the major integrateds. (Analysts’ price target is $37.50.)
The Macondo Gulf of Mexico disaster is now past and they have taken all the charges. They’ve rebuilt the company. The balance sheet is in very strong shape. With the cost structure where it is, even at these commodity prices, this company is throwing off lots of cash flow. Dividend yield of 6.7% is sustainable at current commodity prices. This is the cheapest of all the major integrateds. (Analysts’ price target is $37.50.)
