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Same with anything in life,
Try and give yourself the best opportunity by staying infront
It's swings and roundabouts with investing, I think we'll do ok here as things stand.
It could ofcourse go much higher if good news is forthcoming, we shall await developments before making any knee jerk decisions.
I personally find it hard to understand why so many stay invested in BP if they have so little faith in the board.
This is not about believing the board are right or wrong, but believing that you only invest in what you believe in.
There have been 4 times this year where you could minimise losses and get out.
And picked a winner elsewhere
If I felt so strongly I would have taken a loss,instead of keeping hoping for a new board ,or new oil CEO, or a merger, to rescue your investment.
Just my opinion and all have differing circumstances.
And as said above that’s not apologising for the board,who definitely could have done some things differently.
Https://www.livecharts.co.uk/MarketCharts/brent.php
Excellent posts.
Great discussion.
I think MA will not get the top job and he will resign.
I think they will appoint an American CEO and strategy will change to appease US investors, in particular.
All IMHO DYOR
Happy
No No No. This company belongs to the shareholders not greenies types looking to build a green eutopia. We are seriously undervalued due to bad decisions and leadership. Murray Auchincloss has made statements that he will proceed with Looney's legacy. In my mind, Mr Patience, you are quite right in questioning our current direction. C156 is quite wrong to criticize. He may be a Murray fan but I am most certainly NOT.
C156: I actually agree with you, but I am waiting for the announcement. Other people are clearly also being considered, otherwise it wouldn't take this long. If MA is the permanent CEO and the board remains in one piece, then I will wait for the first opp to get out with a decent gain.
You don't agree with MA becoming CEO, you don't agree with BP's current strategy. My advice is sell the shares, because the strategy ain't changing and MA will be appointed the next CEO.
Https://www.bp.com/en/global/corporate/what-we-do/production-and-operations/oil-and-gas.html
In profit already with the divi bagged
Onwards from here
@Exploration, thanks for your insights re M.A: I can only agree.
However, what we can we do as small shareholders (and some here are clearly employees as well) apart from moaning?? Ideas welcome from anybody.
It's blatently obvious the board slept while on watch and MA doesn't have CEO authority; not even close.
I also vaguely remember you talking about some big BP / Abu Dhabi deal to be revealed at COP28...sorry if I have missed something, but interested in your views. Thanks.
Seasonality should have nothing to the with the share price. If the game was that easy, everyone would make so much, right? Imagine if you expected Apple to go nuts because of the holiday season. New iPhones, new Macs, people are buying more anyway because Christmas is coming....with the higher demand of a season, the higher expectations are set by analysts.
Meoryou
I can only see this going higher from £4-80
Any decent news and this will be over a fiver rapid style
Sold all mine at a slight loss, hoping to offset some capital gains with RR shares… hoping BP will stay around this price for a month so I can buy them back
You have got to assume some of the bigger holders are a bit frustrated with BP underperforming.
So the right CEO should give a bounce.
Will the wrong CEO give another fall?
Many parts are still performing very well.
So new CEO by Christmas?
So that’s the first cut off time for a bid.
But if you were watching from the sidelines,
Would you wait and see if BP get it wrong, and sp drops even further.
I really hope we get it right, and start to return to some normality especially with the sp
I'm thinking we could hit £4-90 at some stage this week and over the fiver the week after
Let's see if my calculations are close?
Anyone think this is likely to rise in the near future?
Thought the war and winter would have had this rocketing but it seems to of largely stagnated….
Can’t see anything really boosting the share price in the near future… maybe a new ceo?
Any thoughts?
Agreed.
As for the "little England (or Scotland for that matter) brigade, BP is no longer "British " either in terms of turnover or shareholders.
We are unlikely to get a switched on replacement and the sooner we are bought out the better.
Nd
Poor Murray - he didn’t ask for this, and has done an excellent job in tax and finance roles.
What concerns me more is the quality, dynamism and industry relevance of our BoD incumbents - have a look at them, and then join me in prayer for a swift takeover by a savvy competitor.
This is hardly a "skewering".. and particularly from an ex-employee who is no doubt earning huge cash as a contractor.
The pension blowback blows my mind as a current employee - why should they get an inflation matching rise when working employees foister the standard 2-3%. Its a joke by a generation who had have seen gold plated pensions, pay-offs and record asset price rises. Nothing more than a cash grab
Charlie - he was taken to task on the mess BP has created in the UK pension issue. The questioner was a former BP employee now working as a contractor for BP in Aberdeen.
Exploration,
Thanks for the reply. It seems that there is NO substitute for experience. You cant foister someone on the employees if they have no confidence in them. Especially in Scotland. Hopefully we have a list of suitable replacement for Looney who can inspire the workforce and drive the company forward.
What was he skewered over. More facts, less tittle tattle.
Interesting, mind sharing more Exploration?
I hadn't heard this and I'm and employee!
Theaky
Auchincloss was ‘skewered’ by staff at a Town Hall’ meeting in Aberdeen last week and I heard the event fell flat as he scurried back to London. To put it another way, he doesn’t seem to be CEO material even in opinion of BP staff.
Whoever gets the top job must have the support and authority to replace all FOBL with a new, experienced leadership team. Ironically, I expect Auchincloss will also be ‘pursuing other interests’ before long.
As for the Board, their next big test is BL’s leaving package!