George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I am in the anode business in Mallorca.
Ships sitting in salt water consume anodes whether they're moving or not.
We mostly do luxury private boats up to 100m, but I'd imagine a big steel hulled cruise ship would consume many thousands of dollars of anodes per year.
Then off course you have to maintain the engines, repaint, etc.
Boats are NEVER cheap!
...given the big rises in FTSE, DOW, etc. to see BP languishing, unable to follow.
As much as I see all the pluses and benefits in BP, I'm not known for my patience and if this doesn't start to do something soon, I think I might pack my bags and go elsewhere.
Same for Shell and Total.
BBB, you are wrong.
I have the divi money in my account and can withdraw all and close that account if I so wish.
I would imagine that BP have placed the divi money into a kind of secure 'escrow´account that cannot be touched and therefore the divi payment is guaranteed.
No way would Plus500 give it to me if they weren't 100% sure of getting it themselves.
Sounds expensive.
I wonder what it was doing in Southampton?
Odd, because I already got the divi added to my account and I could sell my length now, and still keep the divi.
I use PLUS500 and I received the dividend in the middle of the night.
Don't have to wait till December.
Proud that 100 million people have voted for Trump, a man who cannot pass a dementia test and can barely string a coherent sentence together?!
Why? If it's because of fracking, this has already been kind of written off the SP anyway as it's not really economically viable at these price levels.
Stunning hypocrisy from those criticizing Shell for it's green question on Twitter. One has to assume that none of those critics ever filled their car or flew on holiday ever in their lives.
Shell, as with other majors, exist to supply a demand. A demand from the public for oil products. So the real criminal is Joe Public, not Shell.
Why bullish crude? Short term.
Demand is about to take a big hit.
Caitlin, it's on Apple TV and it's very good! Ewan and Charley are a great pair.
One electric Harley currently dead and awaiting repairs....
You only have to watch Long Way Up to see them calling in lorries carrying big diesel generators to charge their empty electric Harleys up to understand that EV's are simply not there yet.
And they hire trucks to tow charge their Rivian electric SUVs too.
But the level of passenger reduction is miles apart.
Perhaps 10% max back then, compared to 80% now.
In fact, through Summer 19, the SP moved between 8.30 and high 10's. And now we're in high 11's?? To my mind that can only make sense if a) all competition, Easy included fails and disappears, and b) COVID disappears after Xmas. Neither of those is likely to happen IMO.
The SP is at the same level as Oct/Nov last year when no one had heard of COVID and Ryan was running a full and busy schedule, firing on all cylinders and there was barely a dark cloud on the horizon.
How can the SP be at the same level today?
John, that, to me, the SP looks overpriced. It is remarkably resilient, so credit for that, but I can't help thinking that the next announcement of figures / trading will not be pretty.
Long term, (i.e. much later in 2021) of course we all see recovery. But that is too long term for me.
..is far more than just the oil price. They have a big refining division that has done very well lately. Cheap oil products yes, but crude is even cheaper....
Nat gas has been doing pretty well lately too, (despite a recent drop).
They have a large trading arm that usually generates significant profits, whatever the oil price. In fact with the strong contango of late, it's like free money.
A huge chain of distribution outlets where people HAVE to go to fill up, so captive audience.
And developments and investments in green energy.
The COVID situation will see a shake out of the weak companies who will either go bust or be bought for a song. In the same way that Ryanair is priced way above where it should be because it is seen as the strongest in a weak field, so should BP (and Shell) attract a premium for being the ones that will be still be standing once this is over.
And electric cars? Still inconsequential, too expensive, too impractical, not enough government aid money to go round. And petrol and diesel are cheap.
With lockdowns now in place in France, and soon to be in other countries, how is Ryanair going to maintain even the barest of flight schedules? No one is going on holiday, no one is flying on business, and in some countries (France) you cannot even leave the house. It is highly likely there will still be various types of lockdown in place over Xmas, thus ruling out festive flying too.
And ski season? Forget it.
French lockdown is surprisingly tough and long. Quite similar to the Spring one.
You need a signed certificate just to walk out of the house.
And this from a country that said 'there will not be another lockdown' at the end of the last one.
And 'we will not let one single business go bust due to COVID'.
Hmmm.
So that means you're buying now, right, Davee?