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£5.49 last Thursday, £4.99 today. Market is having a ball.
I'm sure Dudley and Auchincloss have had a meeting in Abu Dhabi, he would have learned more in 1 hour with Dudley than 3 years with Looney. When asked about BP's future and strategy, Dudley was as succinct as ever, 'Great people, great assets, great cash flow'.
Moy, I sold all my BP shares last Nov and have been trading it ever since. Since the market imploded in Mar 20 I have become increasingly short term in my outlook. The only one tucked away is FLTR.
Back in at £5.20.
I was expecting more of a reaction in the share price with Lawler leaving. I think it indicates those wanting an 'oil man from Houston' getting the top job will be disappointed. Consultants from McKinsey seem to be en vogue.
Kyle Koontz will become the CEO of BPX. He probably thinks if Looney can get the top job with that name, why can't I?
There has been no FSPO at Stag for a couple of years. H1 23 tanker costs rose by over $5m at Stag compared to H1 22.
The £ has risen over 1% against the $ since yesterday morning. That accounts for 6 pence off the share price.
BP is in good shape, with the macros offering support. Oil companies have always demanded a yield premium due to the inherent risks of investing in O&G. The yield here is 4%, which historically has been a sell signal. I expect continued volatility here, a trader's paradise.
I couldn't resist that temptation and sold at 548.4. The cable rate as well as the oil price have been working in unison for the benefit of BP shareholders, it won't always be the case.
You want me to email the vastly overpaid CEO and ask him if the shares are undervalued. The facts you need to address are why the shares are 31p. If you're getting a Frank Sinatra salary, shareholders deserve more than a Frank Spencer performance.
Why do you ramp this share day after day. New investors looking for a balanced appraisal should ignore your daily nonsense.
So at £5.27 you must be doing handstands compared to what you felt like when it was sub 2. The price you paid is not that far away.
Moy, good for you, the best I got was £2.30ish. What's Gingy moaning about?
If you're a LTH and depressed by a share price of £5.25, can you articulate how you felt when the share price was sub £2, not that long ago.
Manaus water levels lowest at this time of year, the lowest in the last decade. I didn't check further back.
This looks like the seamless transition BP wants and needs. Auchincloss/Thomson have a proven working relationship, I'd be surprised if they don't get the jobs full time.
I believe the next 6 weeks till 3Q results are the Auchincloss job interview. As long as he doesn't frighten the horses, I think he'll get the job. He'll tweak the present strategy, I think investors will welcome the 'less schmooze, more substance' message.
Next week's H1 results will be dire. The market will want to see a clear demarcation between them and the future financial health of the company.
Looney's tenure saw BP ranked bottom of the oil majors table, in terms of share price performance. He should never have been CEO, but I wish him well for the future.