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.
Interest rates go up Thursday so even a better return cash in the bank. 1 year fix will get you 5.5 percent next week. BP offers 4.6 percent and most likely a drop down to £4 a share in the next couple of quarters.
Probably about 3 opportunities to sell out at £5.70 during that time period
But I’m sure you already know that.
Currently the good times as far as sp is concerned still appear to be an illusion.
The underlying business however is still a cash cow.
I’m sure you don’t miss the frustration of watching the BP sp.
"Been one of my best as well, plenty of opportunities to buy at the low price and sell out when it got hot around £5.70"
And exactly how many opportunities to sell at £5.70 have presented themselves in the last 5 years or so?!!!
Planit is correct on what he says,
Been one of my best aswell, plenty of opportunities to buy at the low price and sell out when it got hot around £5-70
Hold the cash and buy back as and when you feel comfortable, more money to look forward to on the 23rd aswell.
Buy now at these prices, because it's virtually a cert, that oil will rise again and we'll be comfortably back over five quid again and possibly going on six.
Only a 'Looney' wouldn't see this.
I've been saying this all along as have many others.
Looney went early and he went hard on a quest to "save the planet". And he's wasted money on crown leases, Archea, Travellers and any amount of other rubbish. Money that could have gone directly into shareholders' pockets.
That said, BP represents stonking value v US peers. If he can't fix the valuation, a US predator will do it for him. If the Republicans win the Presidency, the green bulcaca will become especially useless. Either way Looney faces a day of reckoning.
All IMHO DYOR
Haapy
Owldwodger,
I couldn't agree more. Looney has made some decisions that have cost BP a fortune, and thats not before opening his mouth with ill thought out statements like "we are a cash machine". His green initiative's are costing billions with nothing but a few "service stations" to show for it. His decision to cut 40% of oil production (reduced to 25%) whilst Shell and other have stated "drill baby, drill".
And yet his salary balloons to millions whilst shareholders suffer with poor leadership and bad returns.
The dividend is still 37% lower than pre-pandemic levels.
I for one, would certainly love to see Looney walk the Plank.
Cheers.
Nice idea but it will never happen
Been invested in BP for over 5 years which I know means I am newbie. But it's about time the top bosses at BP and their salaries should be linked to shareholder dividends because all the other matrix's they are tied to are irrelevant. When BP does well, shareholder do.well then the looney gets his salary. If looney wants any bonuses then that comes AFTER a dividend rise and not before , I want my pocket lining because I'm taking all the risk asa shareholder.
I agree.i invested at 3 34 few year ago.to see this constantly held back is frustrating to say the least.
I'm in for long term regardless but when you see pizza companies shares rise even during cost of living crisis its ridiculous.im in no way knowledgeable about shares.with all the investment and profit put into BP surely its value is well underrated.and for a reason no doubt.when it hit 570 I honestly thought reality was coming aboard.but alas!!soon got shot down.
Like I say I'm heavily invested in this(to me personally) so will just ride the roller coaster I guess and hope next 10 years provides me enough to get my winnebago on retirement and travel the world!!have a good evening all.
The issue is Mr Looney the market does not like his strategy, he has been blessed by high oil prices which has made him look like his ideology is paying off. If during the last three years had oil remained around $70 -$75 dollars per barrel he would of been found out and replaced IMO. The dividend is also a sticking point Bp has shown no gratitude to the long term holders but doubled Mr Looneys pay packet for buying questionable green investments , forecourts, shops and none profitable investments. Still i am happy to hold even though my investment is 10k down in 3 months it will rise again at some point and to be honest nothing is really doing that well at the moment.
It's one of the best for me, I suppose it's the luck of the draw with the timing.
BP was stitched up with the spill and we have been through a decade of unfriendliness for commodities.
I intend to hold through the decade so buybacks at a lower price can only help the long term. At the moment it's
'buy 100m shares and get 25m free' for the company.
If you want a popular share NVDA is where to go but I am happier going with the unloved one that 'prints money like a cash machine'.
I ever did with this company… down down and still down and never up up or up….
As q2 closes out it seems we wont surpass Q1 results maybe this is why SP is stagnant - https://www.bp.com/en/global/corporate/investors/regulatory-news-updates-and-filings/trading-conditions-update.html
refining cost is down, spreads largely neutral as is core commodity price - lets hope trading pulls it out the bag!
Brent live
Bp is still down.. there must be a secret agenda to drag this sp down, a takeover bid comes to mind…..
I bought 2 baby oilers UNION JACK OIL & EUROPA OIL & GAS
Over 100% up on ujo & about 25% up on eog . If like check out Wressle oil field
I've just had a look at the Brent average and refining margin average for this week in June over the last 4 years, with the net debt at the end of each Q2 period and the buybacks announced with those Q2 results.
Brent RFM Net Debt Buybacks
2020-$26.19-$5.8-$40.9bn-NA
2021-$67.23-$14.0-$32.7bn-$1.4bn
2022-$110.53-$42.3-$22.8bn-$$3.5bn
2023-$79.55-$23.7(to date)
Theaky
Some reply’s from earnings call
Our bio production capacity across the business is about 27 KBD at the end of 2022, and we continue to grow that through the decade as we bring online biofuels plants and expand the efficiency of the existing ones. Of course, an awful lot of the profit we make inside Bios inside trading as well. And we'll start to bring disclosures on the bio side and 2Q results. We'll show you where we're getting to on EBITDA from our transition growth engines. So there'll be more to provide you with their Irene as opposed to today. I hope that's okay.
On current performance, it's a bit of an anomaly in the quarter, where the fuel margins were in refining as opposed to in the inside mobility, a fairly sizable number. So that's what makes it look a little bit suppressed. Additionally, we're really pushing hard on the bio space, and we're really pushing hard on the electrification space. So those create losses, again, we'll come show you a bit more granularity on that at the second quarter results. So because you've got growth engines inside that, it creates a little bit of a suppressed number along with the fuel margin that we saw.
Okay. Great. I think in Archaea, as you said, I mean, it's a little bit early to be saying anything. We'll update the markets at our event in October in Denver, where we'll go through Archaea as well. I think that will be a more appropriate time. I think we remain pleased with that 50 operating plants, 80 to build. When we bought it -- when we put the economics together for the bid, such on Archaea, the IRA really wasn't in place and we were unclear in it.
So it looks like they are slowly starting to give out a little financial info on all these renewables.
I agree it time we understood a lot more about them ,so we can understand what is actually delivering.
We’re now the Ftse equivalent of Crufts; EVERY day is a dog day.
Tinker
With Shell's comments yesterday and Looney's change of speed the other month it makes me wonder whether they are worried about their future direction. There is not much good news for oilies out there at the moment though I listened to a group of analysts this am who said that the peak in demand and fall in prices and predicted yesterday by the IEA and GS earlier will be nowhere near as soon or as severe as those two are predicting. My own feeling is that there includes a bit of wishful thinking for some of them.
Another frustrating start to the day for BP share holders, down, down and down again.
Looney must surely release a statement to put some hope into the hearts of investors with the promise of increased fruits (dividends) going forward.
As it's been 3 years now since the start of Bernard's Green Strategy, don't we need to get 3 monthly updates on the spend/return of these initiatives.
How many Gigawatts were we supposed to produce by 2025, and where exactly are we now.
Cheers.