Member Info for Akhtar234

You think this will go back to above £10? I doubt it, the company had been destroyed, why its value was knocked. A high Oil price and contracts will start to pour in.
CRL what do you know about the companies strategy then, if you are smart? they use to have one of the best balance sheets around until the IE, JSD6000 and Laggan Tormore messed that up. And then you had the SFO.

You cant argue from what perspective you look at, this company has been a failure for years, just hope they turn around, but your likely trading than being a value investor here.

I am happy to hear thoughts, as I have not researched this for a while, but note, legacy contracts are still hampering profitability, we are in a commodities bull run and the bottom line here has not been impressive in correlation. Would expect pipeline to increase over time.

Hasn’t reacted, but markets around the world especially i the US need to come down. I hope the US doesn’t take everything down as equally as the Dow and Nasdaq are over inflated compared to the European stocks

This is the one of the most disappointing companies around.strategy a few years ago and SFO issues really knocked this company down.
They need to rebuild but the current valuation is a joke fir a company that was £10+ in the past

Ageens
Your Israel and Palestine analogy is so off don’t think your mis understanding of that conflict really need to be brought here.
Perhaps you should look at the land taken away and shrunk from the Palestinians before commentating.

Share price will be down then , but they made the right decision but surprised they have rushed it.

Not a blink of an eye when Syrians were indiscriminately murdered but when it is closer to home everyone suddenly cares

True Gary , but why does bp need to sell, they could just not have any dealing with rosneft for now until these issues arise. Tbh another way to look when the world forgets this war Bp maybe in a stronger position as removing swift will add hurdles for Russia and the people of Russia.

Agree clued but down the Line they will have to be compensated.m, if Russia wants to deal globally again. Next year or maybe the end of this year, a lot of ppl will forget about sanctions, as it is looking like it’s not going well in Ukraine and the move that Russia did doesn’t look very smart at all. But hard to judge when the other side are being censored.

Let’s hope peace comes back soon for all.

£3.55 Akhtar
£3.20 Caitlin1....Putin is a dick
£3.40 Grezzz
£3.45 Emerald
£3.49 0hmarko
£3.85 ARMANI
£3.90 NSS
£4.05 Harmonica.
£4.09 Jezzoo
£4.29 Spights

No Arab country will buy lol. They depend on us military and when the US say jump they say how high.

China will probably buy oil instead but probably are waiting as it is not looking like that Russia will win this and the Chinese are not stupid

Hard to tell what’s really happening on the ground, but looks like this war is not going to plan and maybe this will end soon hopefully for the people of Ukraine.

No one wants to see people dying needlessly around the world

Sang why has ethics started only 4 days ago?

It’s about economically punishing putin and his own people are protesting, they were ok when people before that didn’t look like them were dying but now as it’s hit home a lot of people have a conscious.

Also there are a number of companies dealing with the Russians not just oil and gas companies, bp has a stake and likely sell up, but no one is explaining to who. Or wait it out not work with rosneft (if they actually do) and if the Russian government see a revolution people will soon forget about this incident.

£3.60

Long term this will be over £5

Just a side note what do ppl think of fxpo or evrAz?

Lol it is ok smartie thanks for the correction . Well I didn’t report it, everyone has an opinion, I don’t say trade so if the share price falls which it has I’m still up and long term a quality company like bp will do well.

Let’s hope there are no more wars in this world

All the best Smartie

Caitlin ppl are not supporting the war when they hold Bp, shell or even chevron. Russia is a very large country that supplies a lot of oil and gas that is hard to replace and that is why I said economics outweighs everything else , past events have showed that .

Also how come you waked up now? You do know it was far worse in Syria right? Look what happened there and many innocent people died from indiscriminate bombings. That’s not happening in Ukraine thank god.

If you want to say trade yeah ok, I look at bp for income, and the share price hasn’t quite matched where we are with oil.

Smartie you should read the bp presentations . They had a net debt target which they hit a year earlier than expected.

Debt is not an issue for Bp, a loss of income from rosneft won’t be too bad, short term pain but long term bp are divesting anyway. So this might change their plans.

Yes the Germans have come around and no surprise,

They can go around sanctions , may not be paid in dollars or have to use swift but they will have other ways.

Oil is going to go higher, worse case rosneft can’t pay Bp, the high oil prices and cost cutting are strengthening the Bp balance sheet.

What everyone is forgetting the EU has a big dependency of gas from Russia, who is going to make up the shortfall??? The US and Qatar will have to and doubt they can replace that Russian gas quickly.

See in a few weeks when gas prices rocket, economics really do matter.

People are commenting but don’t really understand the dynamics here. Bp are not the only company dealing with Russia many others are, also a lot of lobbying has happened in the uk also.

Who is Bp to sell a stake to? that’s probably worth north of $30bn?

If they do, it will either be the Russians or the Chinese, so not sure how by selling they are really going to help the situation here. You can talk about morales, there have been many events before this with other companies and still ongoing and nothing has happened as it doesn’t fit the narrative.

No real sanctions have been put on oil and gas YET but sanctions will not work, the Chinese will be happy to buy the oil at a discount when the world is being hit with inflationary pressures, I say yet as the Germans have started to come around now. But the Russians will
Circumvent the sanctions.

Thanks seisnav

Hi All,

Not been on here for a while but really no point as we was all awaiting news, great news.

What do you make of Fwiji news? have we hit copper or its an indication there is around the corner