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BP Midstream Partners LP (BPMP)

NYSE - Nasdaq Real Time Price. Currency in USD
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14.14-0.16 (-1.12%)
At close: 3:59PM EDT
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  • K
    KingKobe II
    Distribution for 2021 Q2 is unchanged:

    BP Midstream Partners LP (“BPMP” or the “Partnership”) today announced that the Board of Directors of BP Midstream Partners GP LLC,the general partner of the Partnership, declared a quarterly cash distribution of $0.3475 per unit for the second quarter of 2021, consistent with the level of distribution for the first quarter 2021.
    The second quarter 2021 distribution will be payable on August 12, 2021, to unitholders of record as of July 29, 2021, with an ex-distribution date of July 28, 2021.
  • K
    Kevin
    Demand keeps going up. Price of oil really does not matter here. Demand flowing is what is going to continue to make BPMP SP go ⬆️.
    Bullish
  • J
    Jerry
    Looks like a very good quarter....most gas utilities can't keep up with demand due to heat wave....very bullish for pipe infrastructure.
    Bullish
  • S
    Steve
    $SHLX conversation
    $BPMP announced its cash dividend of $0.3475, a slight increase from $0.347.

    My guess is that $PSXP, $SHLX may follow...
  • K
    Kevin
    Oil demand way up. BPMP paying close to 10% dividend yield and with demand surging. What is not to like?
    Bullish
  • K
    Kevin
    Earnings will be good and SP will continue to rise while we get paid fat dividend
  • g
    gene
    Distribution increase tomorrow in my opinion
  • K
    KingKobe II
    I expect that BPMP will announce their quarterly distribution next Thursday (7/15); I think that an increase is in the cards, but not quite sure how much. Anyone have any educated guess?
  • S
    Steve
    $0.3475 quarterly dividend announced - 7/28 ex-date
  • g
    gene
    I"m not a Zacks fan but they have raised their Rating and consensus EPS estimate.Distribution will be announced mid July and there is some reason to believe it will be increased...Imo.
  • S
    Steve
    issue w oil pipeline business is that the demand for oil wasn't as high as what we all thought
    also, higher oil price doesn't mean anything for midstream co as there is no incentive on it
    we expect midstream stocks to be staying 10% div yield price range for next 24 months
  • K
    Kevin
    Expect this to gravitate back towards $15 , especially with dividend capture date approaching.
    Bullish
  • g
    gene
    FERC typically allows Rate increases for Regulated Pipes in July..I assume that includes all Interstate lines and most certainly those transporting from Federal Leases like Offshore..Bpmp and Shlx among others are in the sweet spot in that regard..
  • p
    pops
    Cost basis 22k, gains $9k.
    If I had a time machine I would go back and put everything on BPMP when it was $9 a share.
  • g
    gene
    Another new 52wk high. Distribution increase in the cards ??
  • J
    John
    Well Gene you are right, I guess people are just busy celebrating. I own lots of pipelines shares spread across 9 companies. I have been out buying stuff and eating way too much. I bought into BPMP bigger than SHLX the same day both have gone up but I had a better initial cost on BPMP. I doubted myself last week buying even more ET, but darn I am buying more even today. I stopped buying WES and EPD way to early.
    The profit that’s coming especially in the third quarter is going to be simply amazing.
    Regards
    John
    Bullish
  • g
    gene
    Bp and Shell started Manuel development with the first 2 wells each producing about 10kb/d as wells are added Bpmp. And shlx will benefit Gulf of Mexico is a major source of production growth for BP and Shell....and therefore Bpmp and Shlx..
  • J
    John
    Where is everyone? I bought BPMP again today and all my pipelines went up. All month it has been great to own a lot of pipeline shares.
    Regards
    John
    Bullish
  • g
    gene
    52 wk high Friday....
  • g
    gene
    Distribution declaration is usually on the 17th.. so a month from today...Here's hoping we get a raise..