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Https://oilprice.com/Latest-Energy-News/World-News/Raging-Wildfire-Threatens-Texas-Oil-Rigs-Refinery.html
Might all be over in a day or two, or not.
But we are back into lots of small disruptions,which should be adding up.
Instead they are all being regarded in isolation.
Problem you have is for them that don’t understand the economy is oil prices have to drop first before interest rates drop.
Gingy
We all feel it.
The fundamentals do not add up to the current sp.
But for some reason they do at the moment.
Is it the div play
Or the renewables
Or the feeling we are reducing our total,oil output.
Or the board of directors
Or a UK stock market thing.
Or Brexit.
At some point with less debt ,less shares, more earnings( as convenience comes good).we will earn silly money.
I think some parts of the message make very good reading, so either one day the value will be there, or someone will take us over.
But how many times can we think this without seeing any proof.
We all feel your pain Gingy! I think we're all pretty comfortable that we'll get a fairer valuation at some point soon, however who knows when this is.
You also have to realise this is an income stock, you can get this income at no risk in a savings account currently. I suspect when we see base rate decreases we'll see an inflow of cash back to income stocks, at which point we'll have less shares, a sustainable dividend and a P/E thats ridiculous for an oil major. hang tight
Is it just me that's disgruntled about the share price?! What's going on, it's madness! All gains from the last update gone and oil's at 83. LTH
Or Underperformer.
Maybe that’s what we need a Name Change
We could be BPU.
U for Upwards
Or Unlimited.
Or in Gingy,s case Unmoving.
Royal Dutch Shell (AS:RDSa) ?? Someone not paying attention...
Royal Dutch Shell (AS:RDSa), Total (PA:TTEF) and BP (LON:BP) declined on both the strengthening dollar, as well as the escalating Delta variant contagion in Asia, which has the potential to hit summer demand amid social restrictions.
Here we go again ??
Meoryou, I have no doubt that with Brent at $83 and the digital investment across the business that margins are solid. I thought Travel Centres was a great buy, as they didn't have a highway presence before. Every update from the retail network reports a growing average basket size and margins increasing. The plan is, in the latter part of the decade for an IPO of its retail operations. That will be a humdinger.
Charlie
I’m also hoping particularly the US business is becoming more profit centric.
They appear to only be expanding where they see value in US.
And this is more than one or two places.
US offshore wind set for a long pause also
When BP bought Travel centres last year they had 290 sites. They are at 300 now, with plans for 20 new locations in 24. They are rebranding some to the Amoco brand. With the GoM, BPX and it's rapidly growing retail network, the business is becoming more and more US centric.
Rolls Royce are taking off yet again … if they win the order for engining the new 757max.
When is it our turn ?
No violin needed for me squire! I got out with my face clean, thousands of others didn’t!
.
- UK oil major BP (NYSE:BP) is facing increasing investor pressure to roll back its energy transition plans, with activist investors such as Bluebell Capital calling on the new CEO to embrace a Shell-style return to oil publicly.
I sold over £5 so I was right. What was you saying about HE1 let me get my little violin out for you.
Ahh right, so it wasn’t because your prediction was wildly incorrect. Gotcha
I have patience and in the meantime I can get risk free which pays better in a savings account or I can risk and make 40 percent like I did today on PHE