0HKP trade ideas
$BP Confirming $27 Support LevelBritish Petroleum $BP
Current Price $27.38 Price Target $32
$27c 10/15 ( $216, 6% till breakeven)
Good stock to own as we continue to see Oil move higher as we go into the summer driving season. If we get $75-$80 a barrel on oil BP’s earnings will benefit greatly.Under 10PE almost 5% dividend makes BP very attractive here. Now that we have confirmed $27 support level we should move up to the top line of resistance in current trading range to about $32.
Crucial Moment For $BPCurrent Price $26.50 Price Target $32
I Like the oil sector (RDSA,KMI) going into the summer as prices are expected to rise which will have a significant positive impact on earnings for oil & gas companies. BP is trading less than book value (0.97) at only 9 PE (FWD) with a solid 5% dividend. This is a safer hold than most pure play oil & gas companies as BP has made investments into sustainable energy production via its Wind energy projects. They have partnered with Tesla, bp is testing how effectively wind energy can be stored at its Titan 1 wind farm in South Dakota. The high-storage battery technology stores excess energy that can then be used across the site when the wind isn’t blowing. The project will help bp learn more about energy storage applications that could be useful across its entire portfolio.Given the investments into sustainable energy BP shouldn’t be hurt as much as other pure oil and gas plays when we get negative climate headlines (Policy changes, new data).
BP SET TO ROCKET RESISTANCE @$27 IS BROKENBP - Current Price $26.69 Price Target $32
I love oil going into the summer RDS.A KMI are both great plays but I love BP this week as BP is approaching a crucial resistance level around $27. They beat earnings last quarter like almost all oil and gas companies did, their dividend of almost 6% is very attractive as well.
BUY $BP - NRPicks April 04
BP is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2019, it produced 2.3 million barrels of liquids and 9.5 billion cubic feet of natural gas per day, including volumes from its 20% ownership interest in Rosneft. At year-end 2019, reserves stood at 19.3 billion barrels of oil equivalent, 59% of which are liquids. The company operates refineries with a capacity of 1.9 million barrels of oil per day.
Market Cap: 83 B
Rev: 180 B
Dvdn Yld: 6.41%
Operating Cash Flow (Proxy): -551 M (covid) 30 B(TTM 2019)
LT Debt: 72 B
Employments: 63K
ROE: 5% (TTM 2019)
P/S 0.45
Earnings and Revennue growth: 50% (Next 3 Years)
BP Looking for break of consolidation and Long entryLooking for a move like this on BP stock. Consolidation on Moving Averages and hoping for a break up and move higher.
Long | BP | Earning DayNYSE:BP
Possible Scenario: LONG
Evidence: Price Action
TP1~ 25.5
Call options, Strike 25$, 04/30/21
BP p.l.c. (NYSE: $BP) Could Double, Triple OR More 📈BP p.l.c. engages in the energy business worldwide. It operates through Gas & Low Carbon Energy, Oil Production & Operations, Customers & Products, and Rosneft segments. It produces and trades in natural gas; offers biofuels; operates onshore and offshore wind power, and solar power generating facilities; and provides de-carbonization solutions and services, such as hydrogen, and carbon capture, usage and storage. The company is also involved in the convenience and mobility business, which manages the sale of fuels to wholesale and retail customers, convenience products, aviation fuels, and Castrol lubricants; and refining, supply, and trading of oil products, as well as operation of electric vehicle charging facilities. In addition, it produces and refines oil and gas; and invests in upstream, downstream, and alternative energy companies, as well as in advanced mobility, bio and low carbon products, carbon management, digital transformation, and power and storage areas. BP p.l.c. was founded in 1908 and is headquartered in London, the United Kingdom.
$BP close to breaking out of a key level. $BP and $BPMP look poised for breakouts with the right market conditions.
BP PLC (LSE) respects fibonacci retracement Interesting patterns are emerging in BP PLC, we're observing an ascending channel, respecting support at 250 GBX and Fib 0.5 at 289 GBP. The next level at 327 GBP and then 374 GBX.
$BP with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $BP after a Negative over reaction following its earnings release placing the stock in drift C
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British Petroleum *BP Long Setup Long Setup at the bottom of a ascending channel for BP
4HR TF
Areas of confluence too include 200EMA
0.618 Fib pull from High to Low
Volume Profile *POC Point of Control
.618 Fib Speed fan
All confluences within the orange Box in the chart
Be responsible for your SL and Invalidation
Like and Follow is always appreciated
$BP PT 39 and higher BP PLC engages in the energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, and field development and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power, and natural gas liquids (NGLs). This segment also engages in the ownership and management of crude oil and natural gas pipelines; processing facilities and export terminals; and LNG processing facilities and transportation, as well as NGLs processing business. The Downstream segment refines, manufactures, markets, transports, supplies, and trades in crude oil, petroleum, and petrochemical products and related services to wholesale and retail customers. It offers gasoline, diesel, and aviation fuels; lubricants, and related products and services to the automotive, industrial, marine, and energy markets under the Castrol, BP, and Aral brands; and petrochemical products, such as purified terephthalic acid, paraxylene, acetic acid, olefins and derivatives, and specialty petrochemical products. The Rosneft segment engages in the exploration and production of hydrocarbons, as well as jet fuel, bunkering, bitumen, and lubricants activities. This segment also owns and operates 13 refineries in Russia; and approximately 3,000 retail service stations in Russia and internationally. The company also produces ethanol, bio-isobutanol, bio-power, and solar energy; transports hydrocarbon products through time-chartered and spot-chartered vessels; and holds interests in wind sites. BP PLC was founded in 1889 and is headquartered in London, the United Kingdom.
BP Cup and handle in cup and handle. LongBP has formed 2 cup and handles, a smaller one inside the larger one. Price target remains retracement upward, around 31. following 31 we can see 37 by EOY. On the fundamental side take a look at the 20 year crude futures chart. W We just broke out of immense resistance line at 60 dollars a barrel. Crude can expect to see $75 shortly which only helps oil stocks like xom cvx and bp.
BP LongWith prices looking to have reaches oversold levels the stock price has created some real value.
Short-term Long for BPNYSE:BP
There is an upside potential to test the nearest resistance 25.72, despite the retreat of oil price last week.
The hourly chart shows bullish indicators following the golden cross ema.
Additionally, 30-minute charts emphasize this short-term bull for the coming week.
happy trading and stay safe.
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
