Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Getagrip
“The history book on the shelf it’s always repeating itself”
Think most of John Brownes mergers happened on the golf course.
Perhaps it all awaits the general election,so they only have to deal with one party.
Nothing worse than getting the nod, then changing horses half way and having to start to please a whole new set of politicians.
MOY - I think they must still have a room at each HQ dedicated to Shell & BP merger discussions, which probably even predate what Lord John Browne stated on regrets in his autobiography. As you know his final chapter was a UK court lifting an injunction on publishing revelations about his private life - how the past has come back to haunt BP!
Congrats to those who bought yesterday at 490-492, well done
JAB, If as appears likely, Starmer becomes PM then delisting in uk might be a very attractive option God help us
Within the framework of an eight-year offtake agreement, UK-based tyre pyrolysis specialist Circtec will annually supply energy company bp with up to 75,000 tonnes of fuel and feedstock recovered from end-of-life tyres. Circtec will process these tyres at a plant it will set up in The Netherlands. In support of this offtake agreement, bp is providing Circtec a €12.5 million debt finance facility to contribute to the capex for expanding this plant into a commercial-scale operation.
Https://www.livecharts.co.uk/MarketCharts/brent.php
Thankyou for all the excellent posts
Beautiful sunny day :)
BP plc will continue to pump out “prolific” natural gas volumes from the Haynesville Shale as hedges are in place pricing the supply at around $4.00/Mcf through this year, CEO Murray Auchincloss said Tuesday.
For UBS, however, the main takeaway from the update concerned the company’s confidence in its 2025 earnings guidance, which currently sits 16% above the City consensus.
Reiterating its buy rating, the bank highlighted the potential for earnings and dividend growth and said the valuation looked undemanding at a 10% discount versus peers.
What has been awarded is the maximum they can receive which is highly unlikely - they haven’t just been handed that amount today. Do your research before spouting nonsense please
The share buybacks improve the EPS. Nothing improved in the business, but bonus measure delivered. Easy work if you can get.
Obscene ….they already trouser more than ‘cancer surgeon salaries’ for the very short period they have been learning the ropes around the complexities of ‘the counting of the BP beans’.
Not to worry - the BoD can just issue a new block of shares to make up the deficits.
What was all this buyback smokescreen ?
Thank heavens these extra extra bonus awards are performance related.
What performance KPI, one wonders ?
Transaction in Own Shares
BP p.l.c. (the "Company") announces that on 8 May 2024 it has purchased, in accordance with the authority granted by shareholders at the 2024 Annual General Meeting of the Company, a total of 4,581,151 of its ordinary shares of $0.25 each ("Shares") on the London Stock Exchange and Cboe (UK) as part of the buyback programme announced on 7 May 2024 (the "Programme")
Did anyone take a look at the shares issued to Murray and Kate today.... absolutely disgusting, £11-15million in freebie bonus when shareholders have seen their value shrink today.... Something needs to be done about the insane remuneration committee's especially the one at BP.
Getagrip posted this on the Shell board
“Wael Sawan will not necessarily go down in economic history books as the CEO who did a lot of buybacks, but he will if he takes over/merges with BP - it must be something he is considering!”
My reply basically says they wouldn’t be doing their job right if they are not at least discussing it
Does anyone really think we will get taken over or delist and join U.S.
We have been hearing all this positive news for 2 years now, yet struggle to get over 550.
Lydia Rainforth (Barclays) never gives up lol and nor will I.
I am not enamoured with the transition / IEC bulcaca but the underlying oil and gas franchise is tantalisingly cheap and eventually there will be a big rerating at some point.
Until then I'm happy to keep picking up one of the best covered and safest dividends in the FTSE. It will increase by at least 10% next quarter so highly attractive.
Buybacks of at least $14m over next few years will rapidly reduce share count and allow further increases in divi.
Very be attractive ISA share for long term.
All IMHO DYOR
Happy
Yes I know it’s Barclays,but think we need cheering up after last 34 hours.
BP is a standout in an oil sector that on fundamentals has appeal, according to analysts at Barclays.
Sticking with a share price target of 1000p or double the current market level, the group's unfashionable focus on oil production and cost-cutting are likely to be the catalysts for a share price rally, said analysts at the UK bank
“We continue to see significant value in bp shares as the group adds higher-margin upstream volumes and starts to deliver additional profitability from the low-carbon business.
“The new ambition on costs is both welcome and much needed as the management team aim to close the perception gap.”
'Outperform' is the rating on the shares.
A defensive playy that, as they are now firmly on the chopping block for someone to make a bid. this price is ludicrously cheap now.
BP did buy back BP Midstream Partners in an all stock deal.( 2022)
But I am sure they used Treasury shares, not ones from the buybacks.
Not that it makes a huge difference as it’s still increasing the number of shares with voting rights which again need purchased back in future.
The company would need to have a rights issue or a new issue of shares to raise new funds.
The shares being bought back are eventually cancelled.