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If this past year has taught me anything its that sentiment alone drives at least 20% of share price in bp and shell
Can't believe where we are with the share price. Just a few days ago we were knocking on the door at £6. We don't seem to hold on to none of our gains. Let's hope for a good run up to Christmas. LTH
Totally agree with you on that.
Was having a think about the take over thing.
Wouldn’t BP s first line of defence be to reinstate the div.
Hopefully adding a huge chunk to sp.
I would think it would easily take us back above £6.
So with takeover premiums my £8 looks very achievable.
Obviously that only applies to a hostile take over.
But the numbers should be similar in a friendly merger to reflect the value there.
Why? So you can buy aload of cheap stock, give over.
More and more attractive to a suitor
Just take your money and move on before the drop.
UK Oil and Gas Decommissioning Could Overtake Capex by 2040, Industry Group Says
The amount of money spent on dismantling aging North Sea oil and gas infrastructure could overtake capital expenditure by 2040, according to the sector’s leading UK trade group.
https://www.bloomberg.com/news/articles/2023-11-21/uk-oil-and-gas-decommissioning-could-overtake-capex-by-2040-industry-group-says?srnd=premium-uk&leadSource=uverify%20wall
Suprised it opens low
Https://www.livecharts.co.uk/MarketCharts/brent.php
Excellent posts thankyou:)
WeirdPal
Thanks for the alternative and equally valid view.
You have an employee's perspective, which gives you a different and better insight into strategy and culture. It's very interesting that you stress how corporately ingrained the new strategy is.
"Imagine the questions if the board and c-suite pivoted now, just three years after they signed such a sector divergent strategy. They may as well resign themselves if they do so."
This paragraph made me smile. Personal view only but I would happily replace the entire board in a heartbeat. They should have gone with Looney tbh after all they appointed him to the top job despite having apparent knowledge of his past shenanigans. An error of judgement coupled with (what I believe) is a poor strategic direction for the company.
Thanks for the reply. Certainly food for thought. In any case, I'm not selling at this price. It's way too cheap based on hard financials.
All IMHO DYOR
Happy
Found this article very good reading. The title says it all ....
https://www.msn.com/en-gb/news/world/the-hunt-for-clean-energy-s-holy-grail-buried-beneath-the-ground/ar-AA1keEx2?ocid=msedgntp&cvid=4b12bf88a9f04b38b04e032bddcdac70&ei=118
Just sit back and wait, it's only a matter of time,
We all know where the S.P will be in the new year
Price has gone up 2% this evening due to opec announcement could see some gains first thing tomorrow morning.
The Iran-aligned Houthi rebels of Yemen have seized a cargo ship linked to an Israeli company in the Red Sea in the latest flare-up in the Middle East that could roil the oil market ahead of the OPEC+ meeting next weekend.
Houthi spokesperson Yahya Saree said in a statement that the rebels “carried out a military operation in the Red Sea, the results of which were the seizure of an Israeli ship and taking it to the Yemeni coast,” The Times of Israel reported.
The vessel, Galaxy Leader, is owned by a company registered under Isle of Man-headquartered Ray Car Carriers – a unit of Tel Aviv-incorporated Ray Shipping, per LSEG data cited by Reuters.
Israel blamed directly Iran for the cargo ship seizure, while Iran denied any involvement in the incident.
“Israel strongly condemns the Iranian attack against an international vessel,” a statement by Israel’s Prime Minister's Office said on Sunday.
“The ship, which is owned by a British company and is operated by a Japanese firm, was hijacked with Iran guidance by the Yemenite Houthi militia.”
“This is another act of Iranian terrorism and constitutes a leap forward in Iran's aggression against the citizens of the free world, with international consequences regarding the security of the global shipping lanes,” Benjamin Netanyahu’s office added.
Iran, for its part, rejected Israeli claims it was involved in the seizure of the ship.
“These accusations are false and caused by the difficult conditions that the Zionist regime is dealing with,” Iranian media quoted Iran’s Foreign Ministry spokesman Nasser Kanani as saying on Monday.
“Unlike the US, Iran does not have proxy forces and the resistance groups in the region are the representatives of their nations, and they act based on their interests, and their actions are part of the reactions to the regime's crimes. It is a Zionist who is committing genocide and war crimes in Gaza under the support of US,” the Iranian foreign ministry spokesman added.
Be this price area within few pops until Christmas.maybe y11 working with santa bring us 400
One of our Non-Executive Director bought $71,000 worth of ADRs on Friday see
RNS for more details.
That’s a vote of confidence,and I guess he thinks he will still be there after CEO is sorted.
I see the Motley Fool has suddenly changed his stance on BP, after knocking them for an eternity
Must be a sign of things to come
Interesting comment Happy.
The potential for an IEC is 100% there and live - its a hedging strategy to have a diverse power/ energy portfolio as the world weens itself off O&G.
The limited cross-over of renewable technologies isn't a big deal - bp have proved through lightsource they can enter areas of little competency and stand-up a sustainable business - the value, as in O&G is the integrated value chain. What differs in renewables is the production, the rest of the value chain is largely the same, i.e. the renewables power can still be traded, can still be transported to customers or retail sites and sold alongside other areas of the downstream portfolio.
I don't forsee a pivot coming, the IEC strategy is too ingrained in the company, from the board to exec team to what we publish externally to the major shareholders. Imagine the questions if the board and c-suite pivoted now, just three years after they signed such a sector divergent strategy. They may as well resign themselves if they do so.
A bet on bp is a bet that a diverse energy portfolio will come good as governments legislate against carbon, we've seen it in auto and it won't be long until we see it in energy also.
The good thing is, we'll still be here when it does
I think the 5 will come well before anything happens
Be grateful if it starts with a ‘5’ for our currently disfunctional, leaderless, vectorless company…..
It will ultimately soar (when we get swallowed up or find a proactive leader and the BoD get replaced by more visible industry competents).
Wonder if my £5-10 estimate at Christmas will be on the money?
Let's hope it starts with a 6 lol
Brent 81.70$