Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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v interesting article - thanks for posting it
Interesting article on current t affairs of oil and why some people even betting on $200 per barrel... Yes may not get there but all indications are the green targets are nothing but fantasy to achieve in that time frame they set. So the reason oil will be around for years and years to come .... so as fund managers getting back to what MAKES MONEY that is energy stocks such as BP and others...
https://www.google.com/amp/s/uk.sports.yahoo.com/amphtml/news/peak-oil-demand-forecasts-turn-230000037.html
So, the last time it had a "completely bonkers" move of that magnitude was last year around this time. RR had one a few weeks ago. And of course, several analysts are also certifiable.
Maybe you don’t agree with his prediction but nobody really knows what the price will be.
A 42% rise in 8 weeks is needed to achieve a SP of £5!!
No chance!..
..
But hope I'm completely wrong.
I think what Stockready1 said is perfectly feasible. It’s gone up £1 in nine months & results keep getting better. Perfectly possible if you do the maths on earnings.
Corrections ....
9 weeks .. I meant
Pastyc
Thanks for your inputs
Dig in a bit more to understand why it can still happen.
We have 4 weeks with huge pressure on oil and gas and BP as global player in this market
There is every chance this can be achieved and beside we all soon learn the profits BP have made out of surge in oil price and healthy balance sheet combination with huge demands divi rise and buy back are absolutely reciepes for upwards move faster than you might think at the moment
But for sure we heading upper 400 before Christmas
So yes possible 500 still achievable
In anycase I respect your views but my view is different
All the best
GL
IMHO
Stockready1
I'm optimistic about BP in the medium/longer term.
But to keep saying we're going to see £5+ THIS YEAR! is bonkers. It will never happen.
Invstart
Good point you made but it is always about the balance of spending and what adds most values
Spending spree is one but buy back and divi is another
I think we get combinations with different proportions
Buy back of shares gives really good control and confidence to shareholders and future investors so that is really essential
BP. Will add values in many fronts for many years to come.
We all know and learned how dependent we are to fossil fuel for many many years and transitions will be slower than expert predicted
The true value of BP. comes in the next 6 months or so and accumulated profits will be something which no institutional investor can ignor specially with green commitments of BP which values be realised in coming years.
Extremely confident on growth here
GLA
IMHO
I have seen buybacks come and go over the years - to no avail normally.
Much wiser to pay off some of our horrendous debt or go on an acquisition spree with the cash that has been apparently led to zero tangible effect on our SP or balance sheet.
IMHO the buy back with continue and so the oil price hike
The massive profits will be put to support the share price upwards and the ownership control of the floating shares in the market which is a right direct for BP longer term plans as recovery is happening.
I also think divi will go up hand on hand as global oil demand in the next 6-8 months looks massive
I truly believe we have seen nothing yet on oil hike and potentially we might see as high as 100 this year.
BP. is well positioned to benefit from current market and the share price will soon reflect that.
I still say we will see a persistence rise towards 500 mark this year despite the ups and down and I believe the buy backs will continue
We have seen nothing yet and we get there soon.. (not in stright line as I always say)
I am still invested here and as a long temrer sitting on very good profits and not sold a single share and only added on any weaknesses.
GLA
IMHO
DYOR