BP PLC

UBS AG set a GBX 525 ($7.08) price objective on shares of BP plc and gave the company a buy rating in a report on Friday, September 15th. Kepler Capital Markets reaffirmed a reduce rating and issued a GBX 430 ($5.80) price objective on shares of BP plc in a report on Friday, September 15th. The company’s market cap is GBX 91.86 billion. Ferguson Plc, formerly Wolseley plc, is a Switzerland-based holding company.

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Stock Alert and Holding Pattern: Arcos Dorados Holdings Inc Price Volatility Hits An Amplified Level. Arcos Dorados Holdings Inc (NYSE:ARCO) Price Volatility Hits An Amplified Level Date Published: 2017-09-22. Stock Alert and Holding Pattern. ↪ The 3-month stock return of +25.3% has a substantial impact on the price volatility rating for ARCO. ↪ The small difference between the 3-month and 6-month stock returns does not impact the price volatility rating for ARCO.

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But as we look ahead to the coming weeks, there will be even more companies hitting the markets to raise cash. 27. Roku plans to offer about 9 million shares at a range of $12 to $14 a piece, meaning at the midpoint the company would raise about $117 million. Among its competitors, CarGurus lists TrueCar Inc. (TRUE) , which raised $70 million in a 2014 debut. The company plans to offer about 3.1 million shares for between $7 and $9 per share to raise $25 million at the midpoint.

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BP Becomes One of the First Producers to Transport Gas in Mexico Under Energy Reform. The London-based major said Tuesday BP Energía México is one of the first private companies to supply gas to the domestic market under Mexico’s energy reform measures. BP already is exploring and developing oil and gas in Mexico. In the Cenagas open season BP won 200 MMcf/d of capacity on NET Mexico, which connects into Los Ramones, which in turn connects with Los Ramones II.

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Earlier this week, the second topsides unit built for the Shah Deniz Stage 2 project, the production and risers (PR) platform, was installed. The installation of the first unit, the quarters and utilities (QU) platform topsides was completed in early-July. Shah Deniz Stage 2, which will add an additional 16 Bcm per year of gas production; The flagship vessel was specifically designed and built to install the biggest subsea production system in the Caspian Sea as part of the Shah Deniz Stage 2 project.

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BP’s marketing and trading arm in Mexico, BP Energía México, has commenced the delivery of natural gas to eight states in the country. The development comes after BP Energía México won the contract for pipeline transportation rights under an auction conducted earlier this year by CENAGAS, Mexico’s national centre for natural gas control. "We intend to continue to grow our Mexican customer base and be a reliable supplier of natural gas into the country for many years to come. " “We intend to continue to grow our Mexican customer base and be a reliable supplier of natural gas into the country for many years to come.

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* "The economically rational thing to do is not to keep cutting," de Caux said. * Production cuts of 1.8 million barrels per day (bpd) orchestrated by OPEC are succeeding in drawing down global oil inventories, and it would not be "economically rational" for the group to continue cutting for much longer, BP's head of refining economics said on Thursday. (c) Copyright Thomson Reuters 2017. Click For Restrictions - http://about. " * OPEC will meet in Vienna on Friday and discuss whether it should extend its deal to cut production with some non-OPEC producers, which has been in place since January.

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BP relaxes its grip on Argentine oil and gas producerBP is giving up control of the boardroom at Argentine giant Pan American Energy, and it could be a canny move by the supermajor. The supermajor gets no cash and will no longer call the shots at Argentina’s largest private oil and gas producer. If you already have a subscription, sign in to continue reading this article. Sign up for free trial access to demo this service.

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According to a news release from San Francisco city officials, the lawsuits mirror 1980s-era lawsuits against tobacco companies. Shell said in statement the issue should be addressed by government policy and cultural change, not by courts. The cases are People of the State of California V. BP et al. CGC 17-561370, and People of the State of California V. BP et al.

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Business-to-consumer jet charter marketplace Victor has announced the signing of a strategic investment agreement with BP Ventures. Specifically the funding will allow Victor, the world’s largest ‘on-demand’ marketplace for private jet charter with 946 per cent revenue growth, to expand its unique digital, data-driven ecosystem into a new transactional business-to-business marketplace connecting suppliers, re-sellers (brokers) and other service providers. BP’s strategic investment in Victor is an investment in the company’s dynamic, advancing digital platform and its intellectual property as it looks to unlock wider changes and efficiencies across the general aviation and transportation industries. In turn, the funding round reinforces BP’s on-going commitment to invest in high-growth, game-changing companies driving innovation across the entire energy spectrum within general aviation – a market worth $12-14 billion per year.

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BP says it has restored power at its Thunder Horse platform in the Gulf of Mexico after losing power yesterday due to an electrical outage. BP restores power at Thunder Horse platform. BP says it is redeploying staff to the platform, which is BP's largest producer of its four operated platforms in the Gulf, with the capacity to produce up to 265K bbl/day of crude oil. The outage had caused the Mars sour crude benchmark to rally to its highest premium vs.

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As a result, the company's stock has vastly outperformed BP(NYSE: BP) since I pitted them against each other around this time last year. That said, while ConocoPhillips has outperformed over the past year, the primary reason I chose BP was due to its more visible long-term growth prospects since ConocoPhillips lacked a clearly defined plan at the time. What's unique about that strategy is that, unlike most oil companies, ConocoPhillips isn't targeting an absolute production growth rate. Meanwhile, thanks to the flexibility of its asset base, its go-forward plan has the potential to deliver the following production growth rates depending on oil prices and repurchase activity:.

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For one, a potential floor under oil prices could boost company margins. With global producers working together to cap oil output, it seems likely oil prices remain supported in coming months, befitting BP’s operating margins. Additionally, as BP cuts costs, and sees margin expansion through this strategy, optimism should improve surrounding the company, leading to a higher valuation multiple. Moreover, as the company cuts costs and boosts margins, it is likely the dividend will continue to grow, as it has in previous years.

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