Why I think the BP share price is too cheap to miss

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Markets around the world are reeling from the coronavirus pandemic…And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. 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Alan Oscroft | Friday, 28th August, 2020 | More on: BP Why I think the BP share price is too cheap to miss Earlier in August, BP (LSE: BP) announced its new dividend strategy. The company proposed 5.25 cents per share for Q2, down from 10.5 cents in the previous quarter. Shell had previously announced a dividend cut in the early days of the Covid-19 crisis, and that shocked the market. The oil price is weak too. The result? The BP share price is down 43% so far in 2020. That’s more than twice the FTSE 100‘s fall.But the picture is better than it might at first look. The firm says the dividend is “intended to remain fixed at this level, subject to the board’s decision each quarter“. But there’s more. It also makes “a commitment to return at least 60% of surplus cash to shareholders through share buybacks, once BP’s balance sheet has been deleveraged and subject to maintaining a strong investment grade credit rating“.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…I think that could do more for the BP share price over the long term than any amount of short-term cash handed out now. I’m always moaning about companies paying out high dividends, and letting them become entrenched in the minds of institutional shareholders, when they can’t afford it. But there’s a horribly pervasive short-term fear of losing face by not stumping up the big cash each quarter.Another oil price slumpCheap oil doesn’t help the BP share price, that’s for sure. And the lockdown has precipitated another crash. That’s certainly putting additional pressure on the oil companies even while they’re still sorting themselves out after the chaos of the previous slump.But the price of a barrel is already picking up. It dropped below $20 in April. And the crunch could spell serious trouble for heavily indebted smaller oil firms like Premier Oil. But the price is already picking up again, reaching around $45. And that’s with the economy still way behind the point it’s likely to recover to in the fullness of time. Transport still remains heavily depressed too, with a serious knock-on effect for fuel oil. But this will also pass.Dividends paid at the new lower rate of $21 per year would provide a yield of nearly 6% on the current BP share price. That’s still a cracking stream of income in my books. And we’ll hopefully see further shareholder returns in the form of buybacks, to realise that “commitment to return at least 60% of surplus cash“.BP share price pessimismNow, there’s also the big move away from fossil fuels, and that will be hurting the BP share price too. But all these ‘carbon neutral’ pledges are not going to make oil use disappear any time soon. And guess who’s in the vanguard of research into alternative energy sources? It’s the big oil companies, like BP.Yes, there are good reasons for pressure on BP as an investment. But I’m seeing the shares as significantly undervalued even with that in mind. It happens all the time when we’re in a stock market slump, and investors become disproportionately bearish. BP is an income buy for me, with potential recovery growth as a bonus. See all posts by Alan Oscroftlast_img read more

Transform your life for free!

first_img  21 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 22 April 2004 | News Transform your life for free! Tagged with: Digital Fed up? Bored of life behind a desk? Bills to pay? Boss getting on your nerves?Christian Aid is offering you the chance to start again, and find out what your life could be like if you were born somewhere else in the world.You can transform your life within seconds with LifeSwitch.org, a revolutionary new web site, which is being launched in time for Christian Aid Week 9-15 May 2004. LifeSwitch will enable you to swap your life with someone else’s in a different country. As the tantalising slogan suggests ‘The True You can be the New You’. It is a surprisingly easy process and a new life could be just 5 simple steps away at www.lifeswitch.org:1. Choose a dream country for your new life2. Submit your details and check out a few testimonials and the company disclaimer if you are still not quite sure whether to proceed to the actual morphing of yourself3. Keep your fingers crossed during the transformation process – your profile will be matched with someone else’s in the country you have chosen4. Celebrate the new beginning of your life, or seek help if you are not happy with the outcomeSuranne Jones, who plays Coronation Street’s Karen Macdonald, was one of the first people to give it a go. “I was yearning for a change and a bit more sun”, said the award winning young actress. However, having entered her details Suranne discovered that she would have been a rice farmer. “I was transformed into a young woman in Sierra Leone. My life had not been a happy one. Having been assaulted during the ten-year civil war by a group of soldiers, I was driven out of my home. But there was hope, I approached Christian Aid, and they helped me return to my village and become a rice farmer.” she said.Sara Chamberlain, Christian Aid’s web manager, said: “We take no responsibility for users of LifeSwitch catapulted into a life they may not have expected. While some users may find themselves living a life of luxury in the golden sands of the Dominican Republic, others will ‘experience’ the day-to-day struggle of poor people in developing countries.”Christian Aid Week 2004 aims to raise money for people like Hawa and Patience. Hawa is a real rice farmer in Sierra Leone and was forced out of her home during the civil war five years ago, and Patience is from Zambia, who is a widow and HIV positive. Thanks to money raised through Christian Aid, Hawa was able to move back home and has just had her first successful harvest. Christian Aid’s support means that Patience has a volunteer carer who helps with chores and gives her medicine and food. Hawa’s and Patience’s stories depict the theme of Christian Aid Week, which is: “We believe in life before death. Life is for living, not merely surviving.”– Ends –For more information about LifeSwap.net contact Kati Dshedshorov on 020 7523 2452 or email [email protected] to Editors:1. Christian Aid Week (9-15 May 2004) is the UK’s longest running and most successful door-to-door fundraising week. It started in 1957. Last year more than £14.3 million was raised with the help of over 350,000 volunteers.To make a donation to Christian Aid Week please go to onto www.caweek.org or call 08080 006006.2. Christian Aid is an international development agency. It works with some of the poorest communities helping people irrespective of race, religion, culture or background, exposing the scandal of poverty and injustice. Christian Aid has nearly 600 partner organisations in over 55 countries worldwide.3. Other Christian Aid websites: www.christianaid.org.uk – includes news stories, features, press releases and reports, web clips and photo galleries. The site also offers up-to-date information about Christian Aid’s campaigns, partner organisations, events, exhibitions and a variety of resources that can be downloaded for fundraising events and for campaigning initiatives to raise awareness about issues such as Trade Justice, HIV/AIDS, emergency relief, the environment and sustainable development.4. Digital media company Hi-Res! has been commissioned with the design of LifeSwitch. They are well known for their work on web advertising for films like “Donnie Darko” and the site “Minority Report Experience” for LEXUS cars, as well as thirdplace.com, a site for Sony Playstation2. Awards won include a Golden Cyberlion, a BAFTA, the Grand Jury Prize, and the Gold Pencil. Visit www.hi-res.net for further details. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

Police beat TV cameraman who filmed police attack on protest organiser

first_img Follow the news on Gabon News to go further Organisation Weekly seized from Gabon’s newsstands Reporters Without Borders condemns the beating which cameraman Claude Aba Mboula of privately-owned TV station Télé Africa received from police when he filmed police violence during a street protest against cost of living increases in Libreville on 25 April.“Cases of journalists on the job being physically attacked by police are increasing dangerously in Gabon and must one day be punished or else the climate of impunity will just encourage them to continue,” the press freedom organisation said. “The Gabonese authorities must carry out an investigation into the attack on Mboula and punish the police officers responsible.”The police beat Mboula and seized his camera after noticing that he was filming their use of violence against Jean-Robert Menié, the spokesman of the civil society coalition called Fairness and Quality that organised the march. Mboula was taken to a Libreville hospital where he was treated for three broken ribs. The camera was later recovered from Libreville police headquarters without the videotape of the attack on Menié, Télé Africa editor Snella Ange Pambo said.When Télé Africa reporter Ginette Moussadji was clubbed by police in similar circumstances on 21 December 2005, footage of the incident was filmed by an amateur cameraman and shown on the Libreville news media, causing widespread outrage.But neither the attack on Moussadji nor any other case of police violence against journalists has been punished or condemned by the National Council for Communication, which regulates the broadcast media. Receive email alerts RSF_en January 24, 2020 Find out more GabonAfrica December 31, 2019 Find out morecenter_img GabonAfrica The 2020 pandemic has challenged press freedom in Africa News News Reports Gabonese journalist could spend New Year’s Eve in prison Help by sharing this information November 27, 2020 Find out more April 28, 2008 – Updated on January 20, 2016 Police beat TV cameraman who filmed police attack on protest organiserlast_img read more