Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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The simple message re the shares is that the rest of the investment community has finally caught up with what you bloggers have always believed. This is a multi billion business. Relax and enjoy the ride.
Quote from link below...Leading electrolyser manufacturer ITM Power appears to be the only one of the ten founding companies to be focused purely on green hydrogen. Combine that with the new BP strategy to be carbon neutral by 2050 and join the dots. https://www.rechargenews.com/transition/bp-and-shell-lead-call-for-100-clean-hydrogen-heating-in-uk/2-1-765729
Just a comment on BP. Surely no one believes BP is going green. Yes a token investment might come from them but just green wash.
https://www.electrive.com/2020/02/04/uk-aims-to-bring-ice-ban-forward-by-5-years/ to 2035 - that will be just one of the many drivers behind the new BP Strategy due out in Sep this year.
Not sure I completely agree re BP Bilbs. It will happen gradually but for sure demand will wane , the costs will remain high and FF’s will increasingly become the enemy. Their forecourts will eventually be selling H2 so why just take a small cut? Plus , if recent times have proven anything it’s the dodginess of relying on oil prices. With nasties like Covid and Trump out there how can you plan the mega numbers looking ahead. For sure their investors will expect growth. FF’s FFS , not sure? Good weekend all , suspect the SP could be interesting 1st thing Monday.
Sea, you may be right, I hope you are right but. They are only aiming for net zero in 30 years time. I guess 30 years is the life of 5 CEOs. They will sell on their assets not close them. So after 30 years they will possibly only achieve net.
They need to do far more.
I’m not sure what nett zero means for a company like BP. Will they have to offset everything they take out of the ground , presumably so? That’s pretty massive to be fair.
BB a couple of years ago I would have agreed with the greenwash comment, but there is a worldwide flight from oil going on currently and the major oil companies want to be ahead of the pack not behind. So I think that they are serious when they say that the focus for oil will be in manufacturing and not for burning. Therefore they want to be a leader in race to what replaces burning oil.
I agree - plus the pace of technology change driven by competition will accelerate the transition away from dirty fossil fuels. Car manufacturers are already playing catch up with Tesla and even hybrid models will be banned from 2035 on. ITM Motive is in the sweet spot with Shell as a partner. Who wants to be seen as a dinosaur.....
I remember when BP's logo wasn't green and when doing a deal with Putin would have been beyond the pale.
I suspect the corporate structure will modify to generate co2 in Russia and go net zero in Europe.
After the Mexican Gulf oil leaks all the MD wanted was "his life back".
Alternatively BP will continue to come down stream and invest in plastic businesses. So not pollution.
Don't trust a scorpion for being a scorpion.
Thanks TM. Puts our risk taking into perspective!
Good evening, just out of interest, has any of you invested in Nikola and thinks that they will succeed with their fuel cell trucks business, and do you think the oil companies will side with the H2 companies investing in the transition?
I have invested in a few H2 companies, including ITM, but I'm a bit worried with the soon-to-be-nkla sp and worried it may flop. I hope not because I really hope we can transition away from ice, especially for heavy duty transport.
Thank you
I think the Toyota truck is more likely to succeed, but only really CA has the infrastructure to support this technology
Thank you Bilboburgler, can I ask you why do you think that Toyota is more likely to succeed than Nikola? And regarding the infrastructure, Nikola wants to build that as well, as part of their leasing structure, do you think this is totally unrealistic?
I thought that was the main reason to justify the high sp (nearly $30 on nothing) but it will all collapse if they cannot sell trucks and therefore cannot raise the money to build the H2 refuelling stations, unless some big players come into play, like the oil giants.
I want it to succeed but it sounds like a catch-22 and can't decide whether it's overpriced or a brilliant idea and opportunity.
Built in cash flows and general knowledge of truck manufacture makes me confident in Toyota.
The other is higher risk but with larger benefits.
BB yes, but Nikola will build trucks with Iveco in Germany, the structure is already there, they're not starting from zero, and will have NEL and Bosch (involved with Ceres) for the fuel cells. Japan and Korea may be better advanced at this stage but Europe, Germany in particular, seems well placed as well