BP Cheap On A Reserve Basis And Has Reflexivity In An Oil Recovery [Seeking Alpha]
BP p.l.c. (BP)
Last bp p.l.c. earnings: 4/29 04:01 pm
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US:NYSE Investor Relations:
bp.com/en/global/corporate/investors.html
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Source: Seeking Alpha
SummaryWe think the oil situation could improve better than expected despite the torpedoed kerosene demand.Factors like inefficient terrestrial use as well as strong political incentives are likely to push the price further into sustainable territory.Although BP isn't the safest proposition among the majors, it has a valuation that is attractive and assets that can generate cash to sustain ample dividends.On a valuation basis, a sustained oil recovery makes the company very cheap on a reserve basis with reflexivity to amplify the proposition.With rather low leverage, limited shale exposure and offsets to upstream with midstream exposure, we think BP is an attractive play among the oil majors.Major oil players are suffering, but for BP (RDS.ARDS.B(Source:wbtv.vomThe Oil SituationAlthough the price of oil has rallied recently, there is still a lot of downed capacity in the industry, and critical end-markets like the US are only just emerging from lock-down. Moreover, concerns about a se
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BP
News
- BP (BP) Sees a More Significant Dip Than Broader Market: Some Facts to Know [Yahoo! Finance]Yahoo! Finance
- Senior women leave BP in first management shakeup since Looney misconduct claims [Yahoo! Finance]Yahoo! Finance
- BP p.l.c. (NYSE: BP) had its price target raised by analysts at Piper Sandler from $40.00 to $43.00. They now have a "neutral" rating on the stock.MarketBeat
- BP Reshapes Its Leadership Team as Some Executives Leave [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Exploring VST Industries And Two Other Noteworthy Dividend Stocks In India [Yahoo! Finance]Yahoo! Finance
BP
Earnings
- 2/7/24 - Miss
BP
Sec Filings
- 4/18/24 - Form 6-K
- 4/9/24 - Form 6-K
- 4/2/24 - Form 6-K
- BP's page on the SEC website