RE: Supreme court suggests impact of oil in decisions on new licenses relevent20 Jun 2024 12:53
Ive bought back into bp on the basis that i do not view the supreme court decision as necessarily bad news. It sends a clear message to the BoD that there is no future for oilies in the UK which may, in turn, lead to a delisting. Furthermore, I note that the news did not negatively impact the SP. From a cynical investor viewpoint there is also the strong possibility of full scale conflict between Israel and Hezbollah as i cannot see the present or any future Israel government tolerating the presence of terrorists on its borders. GLA.