mishmosPosts: 56
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RE: BP may take
21 Mar '18
There's a first time for everything.
2227Posts: 643
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RE: BP may take
20 Mar '18
BP will more likely stay the course in Russia
Amid previous concerns over Russia's incursion into Ukraine, BP's chief executive cited the company's long-term history: "We have worked in countries through ups and downs...to draw a conclusion at a point in time about being there just wouldn't be our nature."
In principle, it makes sense for BP - a near £95 billion company - to be in Russia given it's the world's largest oil & gas producer bit is relatively poor in terms of living standards and infrastructure, hence Putin's regime is realistic towards co-operation with multinational oil & gas companies - e.g. for access to technology to maximise Russia's key aspect of strategic wealth. Yet, mind how BP has in the past also cautioned how a worsening of its relationship with Rosneft or the effect of sanctions, might "adversely impact our business and strategic objectives in Russia, the level of our income, production and reserves, our investment in Rosneft and our reputation."
With the EU presently weighing behind Britain versus Russia, anti-use of chemical weapons, and the EU being Russia's largest trading partner, this would appear to make it less likely Putin's regime will play for the leading edge, with limitations on commerce as a means to up the ante.
But the situation needs watching since elicit Russian wealth may be far higher than initial estimates of £1 billion, if offshore secrecy is uncovered. This is liable to drag on a while as the UK government determines actions and the Putin regime possibly counters - "not irrationally" BP shareholders need to hope. However, with Putin now re-elected, Russian foreign policy may also respect (commercial) damage limitation than a show of strength.
http://www.iii.co.uk/articles/490028/stockwatch%3A-6-yield-could-get-even-betterhikeaholickPosts: 2,065
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RE: BP may take
20 Mar '18
I it's best it you don't know pal it's happened to me before :(
billybigwigPosts: 9,144
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RE: BP may take
20 Mar '18
You know it's naughty when you have to wear the bag of shame on your head :-(
billybigwigPosts: 9,144
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RE: BP may take
20 Mar '18
Hahaha depends what you've done this naughty ;-)
RE: BP may take
20 Mar '18
I don't know, what happens to naughty boys who get it wrong on the internet?