Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Is the BP Value Gap to our peers now to juicy to ignore.
BP P/E 4.3
SHELL P/E 8.1
EXXON P/E 10.8
CHEVRON P/E 11
Is BP a juicy Plumb just ripe to be picked. Lol.
Https://theenergyyear.com/news/bp-sets-sights-on-mauritania-senegal-gas-production/
Back up over £5 again
Good morning :)
I’m still adding … she’ll results really interesting and bodes well
Https://oilprice.com/Energy/Energy-General/Big-Oil-Investors-May-Not-Win-From-MA-Streak.html
I use Brave browser and don't have a problem. It's based on Chrome but set up to be more secure with cookies and ads.
Get ad guard and it will make you able to view the site in peace.
Wtf its not letting me post - in short, shell super impressive, shell CEO & CFO super impressive, think more long term value in bp as we are so severely undervalued which is why i went back into bp and not shell
LSE cut half my post off, full post below:
I watched the Shell earnings call just now and a few observations:
1. Shell are ever so careful to keep reinforcing the focus on O&G at every turn
2. There is little to no discussion about downstream businesses, their performance or cap. ex.
3. Plenty of questions on wind - no asset write downs but incurred a
Sick to death of all these popups. cant read comments now. off to iii.
Agree - I think we won't see a complete climb-down however - I believe it will be gradual, starting with moving the phasing of cap. ex. out past 2025 and from there it'll be held steady at a lower % of cap.ex. already stated.
WP
The new CEO will also have a ready made scapegoat for anything they do not like.
Looney has become the Bogey Man
Responsible for anything bad
I watched the Shell earnings call just now and a few observations:
1. Shell are ever so careful to keep reinforcing the focus on O&G at every turn
2. There is little to no discussion about downstream businesses, their performance or cap. ex.
3. Plenty of questions on wind - no asset write downs but incurred a
I use both, but mainly PC
Are you on tablet or pc? I use a pc generally and have have had good results with "AdBlock".
Still see a few adverts but nothing like what you see.
Is it me, or am I going mad. Every time I come onto the site, more and more pop up ads appear (and sometimes more than once) it's starting to put me off coming here. Some of them even cover up the messages themselves
Jakers,
Amen to that. It would be ideal if Bob Dudley could rejoin as CEO for a couple of years. His leadership would hopefully realign the company to focus on our core very profitable base, and regain market confidence. We have to remember though that Mr Dudley tenure led to Looney. Surely someone with impeccable oil and gas credentials can be found as out long term CEO.
Exploration
"I’m surprised no-one comments on the ‘methane from rubbish dump’ project."
A comment on the rubbish dump project !
Recently, BP’s renewable natural gas (RNG) plant in Medora, Indiana, went into operation. The plant is part of Archaea Energy, the largest RNG producer in the United States, which BP acquired in December last year. It is reported that this RNG plant can process 3,200 cubic feet of biogas into RNG per minute. According to BP, the plant will be able to heat approximately 13,000 homes per year once it is put into operation.
Ahoy Bob Dudley, where are you ??? Please come back and kick ass on this BOD
Excellent points meoryou
Really interesting views since results day with opinion against the current board and the transition strategy and calls for a renewed focus on the hydrocarbon business but here are some numbers to consider
Last quarter for every £20, BP returned £9 to shareholders through dividends and buybacks. Invested £11 in the hydrocarbon ( O&G) business and invested only £1 on low carbon investments.
This gives a little perspective to the real priorities of the board.
Just some thinking aloud.
If Shell were even considered buying up BP, would they increase their buybacks as they have or would they secretly buy up some BP before their interest came out.
My initial thought was the increase in buybacks probably means they are not interested.
But that’s more how take overs used to happen.
Just maybe the plan could be increase the Shell sp by buybacks and thus increase the difference in the share prices.
Then when a bid comes the same conversation of BP shares to Shell would look so much better to holders of BP.
Just a thought, and in no way saying it’s what’s happening, or likely to happen
DrPatience
At the time in 2020 BP were trying to put a finger in as many pies as possible.
Now is the time for the following
1) to understand what we are good at and can make money from.
2) to pick our new leader ,who will decide the companies future direction
3) to get out of what does not work.
I personally don’t think it’s as simple as some say to get out of Net Zero,as some thing do work but only in some areas.
Eg US Offshore wind no one is defending in its current form.
It’s kind of funny that people are so down on BP ( and yes I understand based on sp that is a valid position), but expect someone to buy us up.
So there is no doubt the value is there, just currently not being recognised in sp.
There is a lot good about BP,and many of their plans make sense.
But how do we unlock the hidden value