GAS COMPANY BP/INTERESTING OPPORTUNITY AND GROWTH POTENTIAL
Plans to Reduce Hydrocarbon Production by 40% by 2030: $BP announced plans to reduce hydrocarbon production and invest in clean energy technologies.
Growth Plans to 2030: Goals include increasing U.S. production by more than 50% by 2030 and achieving EBITDA of $55 billion.
Return to Core Business: A return to oil and gas production may attract activist investors and increase company value.
Change Strategy as a Spark for the Future: A significant change in BP's focus could provide impetus for better and more stable returns in the future.
Skeptical vs. Confident Investors: While some investors are skeptical, a Bernstein analyst sees the potential for the stock to nearly double in value.
Dividend Yield and Share Buybacks: BP offers the highest dividend yield among oil companies (5%) and conducts share buybacks to promote shareholder value.
BP is making some really interesting moves and offers some really interesting long term entry points within the energy sector. How do you view this company and the energy sector in general?