Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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I'm in at £4.68....Mind you i did sale a load back in March for £5.51....
Furthermore, staying with BP, I think a collaboration with RR to produce a hydrolysis plant with a dedicated SMR would be more attractive to investors (and the country as a whole) than more buy-backs. Beyond Petroleum...
If by chance it came below £4-60 today, I'll be having another 2000
Good luck roofer
The Westinghouse proposal is a private enterprise, with no public financing involved. The government's plan will be revealed shortly and the market certainly seems to expect a favourable outcome for RR.
Halma83, totally agree "has to be done", for me, 461/ 484, still watching not jumped back in yet . .atb
Has to be done, if only to stay in the game
We'll be fine in the new year, until then, enjoy the reduced priced fuel at the pumps
There's always a silver lining ;0)
Nice work, gains are gains
I couldn't agree more W.P but today I did look and at a price of £4-67 I bought back the 2000 I'd sold for £4-86 on the 30th
Good business in my book and with the divi also to come on the 19th
Happy days!
I'd recommend to detach yourself from day to day movements on oil price! None of the fundamentals on why you should invest here have changed over the past few quarters, so it back, reap the divi and all will be well!
We are in desperate need of an early Christmas present to halt this dreary decline. Could the over optimistic dream of £6 By Christmas be gone now. I hope we are reaching our lows of the season before new OPEC cuts kick in next year to give us a Rocket in the new year.
Thank you spights, but will it be a Good Day with oil price falling I wonder !!
Https://markets.ft.com/data/commodities/tearsheet/summary?c=Brent+Crude+Oil
Financial Times is the place to go for commodities prices. Great charts and layout.
Brent down 1% this morning to $78 as of 07:45 Not looking good this morning.
Https://www.livecharts.co.uk/MarketCharts/brent.php
Good morning all
Theaky, gotta wonder how Westinghouse could build SMR's for so much less than RR, all things other than costs being equal.
Houthi group says it targeted two Israeli ships
The Houthi militant group has claimed to have targeted two Israeli ships, Reuters has reported.
A spokesperson for the group's military said it launched a naval missile on one of the vessels and targeted the other with an armed drone.
They named the two ships as the Unity Explorer and Number Nine and said they were targeted after they rejected warnings from the group's navy.
The Houthis are allies of Iran and control most of Yemen's Red Sea coast.
It has previously fired ballistic missiles and armed drones at Israel and vowed to target more Israeli vessels.
Looks like Westinghouse have pipped Rolls Royce to build several Small Nuclear Reactors (SMR). Rolls SMR to cost approx £1.8 billion. Westinghouse SMR cost about £1 billion. I've never been a fan of buybacks V dividends. But 1 years buybacks would build 4 Nuclear Reactors and power 4 million homes. If green investment is necessary to show our commitment what better than an energy source available 24hrs day. (Just like Gas Power Stations) unlike unreliable solar and wind.
Well you Looney Lovers (strategy) have been whipping yourselves up into a frenzy during COP28. The announcement of BP's purchase outright of Light Source was met with rapturous applause. I hope Light Source goes on to be an exstremly profitable business which can raise capital independently of core BP and does not become a drain on the oil and gas business.
With regard to Murray Auchincloss automatically being made CEO would be a mistake. Truelly Murray has been an Outstanding CFO and should be congratulated. His presence during Looney's presentations demonstrated his abilities and made him shine considerably. However as the Top Man he is exposed as never before. With Looney's assembled Green Team around him I'm sure he is comfortable, but is he experienced enough to deal with the core business. I'm not so sure. This is why I hope this selection process isnt rigged and honest grilling of the candidates oil and gas experience is a main consideration. May the best man or woman prevail.
See my comment from a few days ago re: working for a few years and having more money you could ever spend. He’s still young at 53, Murray can do this for 6/7 years, steer bp through to 2030 delivery and then join the non exec gravy train and make more than he ever earnt to date
Cong
“ But privately, 53-year-old Auchincloss, whose partner is also a BP employee - a relationship he had previously disclosed - indicated he was interested in the top job, according to two sources close to the company.”
Was in an article posted on here 30 th November at 11:00.
Doesn’t mean it’s true, but it’s a waiting game till it all settles out
Maybe he doesn't even want the top job, has there been any confirmation he wants it?
Meoryou,
Appreciate your views, and i have no dought that murrey will move on if denied the post. have to waut and see i guess, but the delay is not a good thing for BP.
Busman
There must be a cut off time after which the only answer is Murray.
He cannot be acting CEO for a year and not get the job.
So if they cannot get someone in a reasonable time scale from January,it’s looking more likely to be him.
Also put yourself in his shoes, if you were acting CEO for 6 month plus and did not get the job, you would probably look for another job.( as you have probably missed your one chance)
So longer it goes on more likely it could be Murray.
Just how I see it.
Bp welcomes the finalization of a strong federal methane rule for new, modified and - for the first time - existing sources and congratulates the Administration on this important milestone.
A well-designed rule will help drive material methane emission reductions this decade and beyond. We are pleased to have actively collaborated with the EPA and a diverse group of stakeholders to support the development of strong, durable and well-designed methane regulation.
We look forward to reviewing the final rule and engaging with the EPA on the next phases of implementation.
But only 18 percent of big firms worldwide are cutting emissions "fast enough to reach net zero by 2050", according to a report last month by consultants Accenture.
Another by the Boston Consulting Group found that just 14 percent had reduced their carbon emissions in line with their own ambitions in the past five years -- and only one in 10 measured them precisely.
More than 200 major corporations including the likes of Ikea, Coca-Cola, Sony, DHL, Heineken and Nestle have recently called on national leaders to set a timeline for phasing out unabated fossil fuels –- without the use of controversial carbon capture and storage technologies.
Many of them are also urging their energy suppliers to do the same and decarbonise their businesses.