NYSE:BP

25.05
0.33 (1.33%)
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

Signal
Opinion
Expert
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.)

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BP PLC (BP-N)
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.)

BUY
BUY
February 16, 2017

He thinks oil prices have bottomed and will start to move higher in fits and starts. They had issues in the past that are behind them now. They are a good company to own and are a cash cow.

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BP PLC (BP-N)
February 16, 2017

He thinks oil prices have bottomed and will start to move higher in fits and starts. They had issues in the past that are behind them now. They are a good company to own and are a cash cow.

BUY
BUY
January 27, 2017

At current oil prices, most European oil companies are going to cover the dividends. Most of the baggage for this company is now behind them. As we get into an environment where oil starts to stabilize politically, at around the current price and a little higher, then you will start to see yield compression. You are looking at some pretty decent upside from here. An interesting company and the balance sheet is reasonable. 6.5% dividend yield.

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BP PLC (BP-N)
January 27, 2017

At current oil prices, most European oil companies are going to cover the dividends. Most of the baggage for this company is now behind them. As we get into an environment where oil starts to stabilize politically, at around the current price and a little higher, then you will start to see yield compression. You are looking at some pretty decent upside from here. An interesting company and the balance sheet is reasonable. 6.5% dividend yield.

COMMENT
COMMENT
September 19, 2016

One thing is that safety issues are not new to this company. Within the majors that operate within the US, this has been the one with the worst safety record. You can’t attract and retain quality employees if they are concerned about health and safety. Also, they have basically run all of their foreign operations through the US, so they are very exposed in terms of liability. He also is not interested in investing in oil and gas.

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BP PLC (BP-N)
September 19, 2016

One thing is that safety issues are not new to this company. Within the majors that operate within the US, this has been the one with the worst safety record. You can’t attract and retain quality employees if they are concerned about health and safety. Also, they have basically run all of their foreign operations through the US, so they are very exposed in terms of liability. He also is not interested in investing in oil and gas.

BUY WEAKNESS
BUY WEAKNESS
June 22, 2016

Any time he sees a dividend over 5%, he starts to get a little concerned. Higher-quality names like this have really seen capital flow into them, given the meltdown we have seen on oil. Trading in the 30s in regard to PE, and at these levels there isn’t much patience for any bad news, and he would expect a pullback.

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BP PLC (BP-N)
June 22, 2016

Any time he sees a dividend over 5%, he starts to get a little concerned. Higher-quality names like this have really seen capital flow into them, given the meltdown we have seen on oil. Trading in the 30s in regard to PE, and at these levels there isn’t much patience for any bad news, and he would expect a pullback.

COMMENT
COMMENT
May 30, 2016

Very much like all the other super majors. A very disciplined, very large project company with global assets. They are all categorized as safer businesses, more steady stream, not a lot of growth, and in really bad oil markets funds tend to allocate their money into them as safer places. His view is that the oil cycle is turning. This one is cheap trading at 4.5 X this year’s EBITDA. There is virtually no growth in the business. Prefers Suncor (SU-T), which has non-declining assets. (See Top Picks.)

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BP PLC (BP-N)
May 30, 2016

Very much like all the other super majors. A very disciplined, very large project company with global assets. They are all categorized as safer businesses, more steady stream, not a lot of growth, and in really bad oil markets funds tend to allocate their money into them as safer places. His view is that the oil cycle is turning. This one is cheap trading at 4.5 X this year’s EBITDA. There is virtually no growth in the business. Prefers Suncor (SU-T), which has non-declining assets. (See Top Picks.)

COMMENT
COMMENT
August 24, 2015

(Bought when Cdn$ was at par. Sell and convert back to Cdn$?) You probably made 30% on the currency, but you lost 30% on the stock. Sector is cheap now, so wouldn’t recommend selling, but would recommend buying. He would look to sell some of those and lock in the FX gain, but roll that exposure into a Canadian ETF like an XEG-T so that when oil recovers, you don’t have the currency risk.

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BP PLC (BP-N)
August 24, 2015

(Bought when Cdn$ was at par. Sell and convert back to Cdn$?) You probably made 30% on the currency, but you lost 30% on the stock. Sector is cheap now, so wouldn’t recommend selling, but would recommend buying. He would look to sell some of those and lock in the FX gain, but roll that exposure into a Canadian ETF like an XEG-T so that when oil recovers, you don’t have the currency risk.

COMMENT
COMMENT
July 7, 2015

Would not have particularly favourable momentum characteristics for him. It is great that the lawsuits are behind them, but in general the price momentum on some of the stocks is not favourable.

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BP PLC (BP-N)
July 7, 2015

Would not have particularly favourable momentum characteristics for him. It is great that the lawsuits are behind them, but in general the price momentum on some of the stocks is not favourable.

PAST TOP PICK
PAST TOP PICK
May 4, 2015

(Top Pick Apr 24/14, Down 7.09%) We may see a roll over again, but otherwise he would say it is a buy. Chip away at it.

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BP PLC (BP-N)
May 4, 2015

(Top Pick Apr 24/14, Down 7.09%) We may see a roll over again, but otherwise he would say it is a buy. Chip away at it.

PAST TOP PICK
PAST TOP PICK
February 12, 2015

(Top Pick Jan 6/14, Down 8.78%) It is such a cheap stock with a single digit multiple and a 5% yield, but that could get cut. It throws off a ton of free cash flow. They may become a net acquirer of cheap energy assets.

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BP PLC (BP-N)
February 12, 2015

(Top Pick Jan 6/14, Down 8.78%) It is such a cheap stock with a single digit multiple and a 5% yield, but that could get cut. It throws off a ton of free cash flow. They may become a net acquirer of cheap energy assets.

COMMENT
COMMENT
February 3, 2015

British Petroleum (BP-N) or Royal Dutch Shell (RDS.B-N)? If you are looking for as much safety as you can in the commodity sector, Royal Dutch Shell has the best balance sheet of the 2. If you want a little more volatility, this would be the one. He likes both companies.

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BP PLC (BP-N)
February 3, 2015

British Petroleum (BP-N) or Royal Dutch Shell (RDS.B-N)? If you are looking for as much safety as you can in the commodity sector, Royal Dutch Shell has the best balance sheet of the 2. If you want a little more volatility, this would be the one. He likes both companies.

PAST TOP PICK
PAST TOP PICK
December 22, 2014

(A Top Pick Dec 5/13. Down 11.96%.) Feels the majors generally are on sale. They have performed better, relative to the smaller/mid-cap stories. It gives you a relatively defensible dividend and you will get some upside. Up 13.5% from its 52 week low.

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BP PLC (BP-N)
December 22, 2014

(A Top Pick Dec 5/13. Down 11.96%.) Feels the majors generally are on sale. They have performed better, relative to the smaller/mid-cap stories. It gives you a relatively defensible dividend and you will get some upside. Up 13.5% from its 52 week low.

PAST TOP PICK
PAST TOP PICK
November 20, 2014

(Top Pick Dec 05/13, Down 5.72%) He is still buying it for clients. The Russian event affected this stock. This company is on sale and longer term oil prices are going higher.

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BP PLC (BP-N)
November 20, 2014

(Top Pick Dec 05/13, Down 5.72%) He is still buying it for clients. The Russian event affected this stock. This company is on sale and longer term oil prices are going higher.

COMMENT
COMMENT
October 14, 2014

This has been a challenging story over the last few years. Strategically the Macondo disaster in the US basically forced them to strategically make some moves that a normal operating company wouldn’t want to be doing. Sold off some very prospective energy assets in the Gulf of Mexico and got into some huge litigation problems. This would not be his favourite name.

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BP PLC (BP-N)
October 14, 2014

This has been a challenging story over the last few years. Strategically the Macondo disaster in the US basically forced them to strategically make some moves that a normal operating company wouldn’t want to be doing. Sold off some very prospective energy assets in the Gulf of Mexico and got into some huge litigation problems. This would not be his favourite name.

TOP PICK
TOP PICK
August 28, 2014

It was on sale because of the Gulf fiasco. They started to recover from that, then they sold a major asset and now there is the Ukraine situation. He thinks it will go higher. Has an attractive dividend. It has a substantial exposure to Russia.

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BP PLC (BP-N)
August 28, 2014

It was on sale because of the Gulf fiasco. They started to recover from that, then they sold a major asset and now there is the Ukraine situation. He thinks it will go higher. Has an attractive dividend. It has a substantial exposure to Russia.

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