BP PLC

BP-N

NYSE:BP

16.03
0.22 (1.35%)
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
DON'T BUY
DON'T BUY
October 18, 2013

Doesn’t like. Integrated oils are tough to begin with but this one has its own issues. Prefers TOT-N. Thinks TOT does a very good job. Prefers service companies because of more predictable growth. Likes COSL. Also SCL-T.

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BP PLC (BP-N)
October 18, 2013

Doesn’t like. Integrated oils are tough to begin with but this one has its own issues. Prefers TOT-N. Thinks TOT does a very good job. Prefers service companies because of more predictable growth. Likes COSL. Also SCL-T.

COMMENT
COMMENT
September 11, 2013

The story on this is the liability surrounding the Gulf of Mexico oil spill. His understanding is that the liability has been adequately provisioned. The only upside to the liability claim would be that the US government would have to prove gross negligence, which is very difficult to prove. Likes the story long-term and he can see more upside. Attractive dividend that is safe. Definitely an out of favour occurring value story and if you are this kind of investor, this is one you want to own.

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BP PLC (BP-N)
September 11, 2013

The story on this is the liability surrounding the Gulf of Mexico oil spill. His understanding is that the liability has been adequately provisioned. The only upside to the liability claim would be that the US government would have to prove gross negligence, which is very difficult to prove. Likes the story long-term and he can see more upside. Attractive dividend that is safe. Definitely an out of favour occurring value story and if you are this kind of investor, this is one you want to own.

COMMENT
COMMENT
August 8, 2013

Stock has been flat over the last year. The trouble with many of the major oil companies is that they are going to have a very difficult time finding new assets that are going to give them growth. 5.2% dividend yield.

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BP PLC (BP-N)
August 8, 2013

Stock has been flat over the last year. The trouble with many of the major oil companies is that they are going to have a very difficult time finding new assets that are going to give them growth. 5.2% dividend yield.

PAST TOP PICK
PAST TOP PICK
July 25, 2013

(A Top Pick July 13/12. Up 13.57%.) Longer-term, the catalyst here is going to be the conclusion of litigation so he has some fairly bullish upside once that litigation is removed.

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BP PLC (BP-N)
July 25, 2013

(A Top Pick July 13/12. Up 13.57%.) Longer-term, the catalyst here is going to be the conclusion of litigation so he has some fairly bullish upside once that litigation is removed.

TOP PICK
TOP PICK
April 24, 2013

This company is on sale. Has a big litigation overhang. Had to sell off some assets and build a provision for the liability. Once the liability is removed, likely this year, stock should move higher. Recently sold off their Russian assets and rolled the majority of the proceeds into Rosniv (?), a substantial Russian oil company. With the balance of their $8 billion they are going to buy back shares and he sees some lift there. 5.13% dividend yield.

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BP PLC (BP-N)
April 24, 2013

This company is on sale. Has a big litigation overhang. Had to sell off some assets and build a provision for the liability. Once the liability is removed, likely this year, stock should move higher. Recently sold off their Russian assets and rolled the majority of the proceeds into Rosniv (?), a substantial Russian oil company. With the balance of their $8 billion they are going to buy back shares and he sees some lift there. 5.13% dividend yield.

COMMENT
COMMENT
March 28, 2013

Has gone through a very, very difficult time and he doesn’t think the legal issues are all over with but feels they are benign at best and it’s just about writing a cheque. Sold off their Russian assets for a reasonable price and now the question is, will they be able to reinvest those assets and get a better return off them.

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BP PLC (BP-N)
March 28, 2013

Has gone through a very, very difficult time and he doesn’t think the legal issues are all over with but feels they are benign at best and it’s just about writing a cheque. Sold off their Russian assets for a reasonable price and now the question is, will they be able to reinvest those assets and get a better return off them.

BUY
BUY
February 28, 2013

Litigation and Gulf of Mexico is not the issue with share price. It is built into the price. The issue with these oil companies is that it is tough for them to grow. Can they find and extract oil at a reasonable price. These companies need big assets to grow. They are getting very cheap and they are paying a good dividend. It is safe. 5.3%. This is a good point to buy them. Prefers CVE-T, however.

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BP PLC (BP-N)
February 28, 2013

Litigation and Gulf of Mexico is not the issue with share price. It is built into the price. The issue with these oil companies is that it is tough for them to grow. Can they find and extract oil at a reasonable price. These companies need big assets to grow. They are getting very cheap and they are paying a good dividend. It is safe. 5.3%. This is a good point to buy them. Prefers CVE-T, however.

TOP PICK
TOP PICK
January 23, 2013

Stock is substantially on sale because of liability issues surrounding the Gulf of Mexico. Most of that is very well provisioned. Owns a ton of cash. Doesn’t think gross negligence will be proven. Good balance sheet and good dividend of 4.94%. Once settlement is actually finalized, you’ll find that a lot of capital is being raised so they can tie in high impact explorations. Just recently made a $20 million gain on the sale of the TNK assets. Also, they could buy back, up to 3% of shares.

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BP PLC (BP-N)
January 23, 2013

Stock is substantially on sale because of liability issues surrounding the Gulf of Mexico. Most of that is very well provisioned. Owns a ton of cash. Doesn’t think gross negligence will be proven. Good balance sheet and good dividend of 4.94%. Once settlement is actually finalized, you’ll find that a lot of capital is being raised so they can tie in high impact explorations. Just recently made a $20 million gain on the sale of the TNK assets. Also, they could buy back, up to 3% of shares.

BUY
BUY
December 27, 2012

Was involved in a lot of legal issues, which are now almost all behind them. Sold off non-core assets and management is really making an effort to make it a better company. Not an expensive stock. He prefers Canada, which has a number of wonderful oil companies although they are not getting the international oil prices.

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BP PLC (BP-N)
December 27, 2012

Was involved in a lot of legal issues, which are now almost all behind them. Sold off non-core assets and management is really making an effort to make it a better company. Not an expensive stock. He prefers Canada, which has a number of wonderful oil companies although they are not getting the international oil prices.

TOP PICK
TOP PICK
December 20, 2012

Near 5% dividend. More of a capital gains story longer term. Sold off T&K joint venture assets. Stock is on sale because of Gulf Liability, which starting to reach conclusion. Repositioning portfolio for growth. $41-$42 Could double in 3-4 years. In the next year could breach $50

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BP PLC (BP-N)
December 20, 2012

Near 5% dividend. More of a capital gains story longer term. Sold off T&K joint venture assets. Stock is on sale because of Gulf Liability, which starting to reach conclusion. Repositioning portfolio for growth. $41-$42 Could double in 3-4 years. In the next year could breach $50

BUY
BUY
December 11, 2012

(Market Call Minute.) Off slightly over the last year. Has been banned from doing US government contracts. PE of 6.9 and the yield of 5.3% so it is probably a buy.

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BP PLC (BP-N)
December 11, 2012

(Market Call Minute.) Off slightly over the last year. Has been banned from doing US government contracts. PE of 6.9 and the yield of 5.3% so it is probably a buy.

TOP PICK
TOP PICK
October 15, 2012

Big overhang on this is the Gulf of Mexico liability. For the most part, barring the US governments’ award of gross negligence, it should be well provisioned on the liability front. Selling off some of their old legacy assets and putting that capital to work into newer higher octane opportunities. 4.5% dividend.

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BP PLC (BP-N)
October 15, 2012

Big overhang on this is the Gulf of Mexico liability. For the most part, barring the US governments’ award of gross negligence, it should be well provisioned on the liability front. Selling off some of their old legacy assets and putting that capital to work into newer higher octane opportunities. 4.5% dividend.

BUY
BUY
August 14, 2012

(Market Call Minute) Expects asset sells to continue. Mexico is well resourced and it will grow moving forward. Thinks it will enter an exit-buying program.

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BP PLC (BP-N)
August 14, 2012

(Market Call Minute) Expects asset sells to continue. Mexico is well resourced and it will grow moving forward. Thinks it will enter an exit-buying program.

TOP PICK
TOP PICK
July 13, 2012
The Gulf of Mexico liability is getting close to a conclusion. There is a good possibility that the Russian joint venture will be sold off. These will lead to a substantial climb in the share price. 4.7% dividend.
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BP PLC (BP-N)
July 13, 2012
The Gulf of Mexico liability is getting close to a conclusion. There is a good possibility that the Russian joint venture will be sold off. These will lead to a substantial climb in the share price. 4.7% dividend.
PAST TOP PICK
PAST TOP PICK
February 13, 2012
(A Top Pick March 4/11. Up 0.30%.) Sold his holdings in the summer but at these levels it is probably fairly valued. In general, the super major oils have very little growth in them. Wouldn't buy this time.
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BP PLC (BP-N)
February 13, 2012
(A Top Pick March 4/11. Up 0.30%.) Sold his holdings in the summer but at these levels it is probably fairly valued. In general, the super major oils have very little growth in them. Wouldn't buy this time.
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