Member Info for Android101

'Why have I been sending NSS a tenner every week!'
Me too. Whats going on?

and why BP is part of the solution
https://www.bp.com/en/global/corporate/what-we-do/strategy-and-sustainability.html

£3.06 Sigma1
£3.09 Bugerov
£3.12 Terraplane
£3.15 rjb92
£3.17 JSB
£3.19 ShareNinja
£3.23 NSS
£3.33 Android

..didnt think we'd see sub £3 today ..

a while back there was a discussion about fib retracement. I had to learn about the 'golden rule' and had a go at it.. LoL
Using the fib spiral (unknown formula..) from 2006 high when BP buybacks peaked over several years, to last year low and then add a fib pitchfork to extend from pre pandemic high to the low, it looks like 420 incoming? maybe as soon as Q4/Q1 2022 with confirmation of a few more quarters of buybacks, $60+ oil and carbon capture driving sentiment?
https://invst.ly/vm-ov

NSS, 'NSS 0.000000000001%'
you got 2 shares??

'Guess it's reference to GoM payment !'
or Exxon Valdez?

Think we are at a tipping point. There is no recovery without oil and BP probably now confounding the ethics, risk and governance committees. But BP got a radical green agenda so its ethical, right?

Yes, change in emphasis back toward oil on the webcast and calibration of the 'greening glide path' in order to scale carbon capture projects. Looney telling the world to wise up how they get to net zero if its not organisations like BP with the scale required.
https://www.bbc.co.uk/news/uk-scotland-scotland-business-57809448

Thankyou Happy for the analysis.
You are in fine form today. And why not? Great Q2 results, couldn't really be better and H2 to look forward to.
GLA

..anyway, BP accounts at $45/$50, averaged $61 in Q1 and is going to be higher than that in Q2.
They wont be taking on more risk by reporting up on Q1 and forecasting a better H2 imo.

There is a lot of politics involved in climate targets and country leaders need big institutions to stand up.
On the other side of that coin, what is the potential for a large international oily to bid for BP and import the management team and green strategy? Eg. could Exxon build its green strategy by acquiring BP or Aramco build a moat around its oil whilst greening?

£3.10 emgomg
£3.20 NSS
£3.24 Android
£3.25 Jeffrey

Mesh
You referencing the BP ADR?
If you look at BP LSE, market cap c£59Bn
30.84% % of shares held by institutions
31.11% % of float held by institutions
544 Number of institutions holding shares

..was $0.5m last qtr

If they get $800m pretax margin per $1 oil price per annum and say average $20 on oil price over published numbers/ guidance etc, that would be c$4Bn per qtr, less gom payment, should give $1bn to $2bn buybacks Q2?

'BP issued that guidance on 28th April when they would have had pretty much transparency with regards to both volumes and oil price for the remaining 2 months of the quarter.'
Agree. The CFO said in the webcast they were being conservative as the high oil price couldnt be assumed in the run rate, thinking about full year guidance. So we can expect something materially bigger than $45 but also some sandbagging working capital, strengthening balance sheet etc

I was thinking that too. Last year was 4th Aug so I am not reading anything in to it other than we know the cash will be in excess of guidance because oil price is more than $45 in the qtr.

Sigma1 269
IceyDicey 277
Android 292

'II’s don’t want to dirty their hands with hydrocarbons anymore'
I think its a mix. In this research..
'Rather than just excluding polluters, many funds are now specifically buying companies or projects that transition to more sustainable practices from dirtier or less responsible ones'
https://m.uk.investing.com/news/economic-indicators/central-banks-wealth-funds-going-greener-and-more-activist-survey-2421202#