Thoughts? Should hit $38 by Aug 7th. I know all the personal cynicism, but trends are all looking good.Production up, lower cost base, trading is back as a lever, divestments are progressing and people are very productive, have to park on 6th or 7th floor pretty much everyday!
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Ok, I am still optimistic about $38 by end of month. We are likely at the half way point of 9 months and I do expect an earnings surprise that will propel the stock to $38. Anyone thinks it will go down Aug 5th or should I short it?
Temper your excitement. company is worth 1/3 of it was worth 20 years ago.
Wait till quarterly results, we just had a town hall with GB and the LT sounded very upbeat on the upcoming quarter.12.75% increase in 3 months and if there is even a small positive we should get at least 10% by Aug 5 and a few more for a couple of days before the stock is shorted. I just see $38 in August and oil prices can have an impact, that’s where trading division hedges come in. Bp is not going anywhere inspite of all the skepticism from the sour grape folks! Bp is the largest leaseholder in GoA period. The penalties paid are nothing compared to the value.
share price was over 70 twenty years ago. wake me up when it hits 100-150
@ds one could afford to be cautiously optimistic given what the employees here have been through. It hurts nothing.
What will shifting the listing to the US do to the price?
How long does such a process take?
lol - are you sure we’re all talking about the same company here?
It’s only 3 weeks away, we will see soon enough!
muzza claimed bp will be worth 200 billion usd market cap by 2030. I highly doubt that...bp is in hospice. $38/share is a pipe dream.
Murray has certainly started to get our cost base down. If we can string a couple of good quarters together then it may be the start of something positive..
If we keep this momentum, hopefully we can hit $45. 10% growth per quarter for the remaining 2 seems more on brand, putting us around $38 by eoy.
Gosh I truly wish you end up being correct. However, oil and natural gas prices in the doldrums. Political, economic and tariff headwinds dominate. A leadership team that can’t pick or drive a strategy. A work force that has never had worse morale.
The only thing that pushed us to $40 IMHO is a bidding war.