Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
You say CONOC (COP)could launch a bid for BP. There smaller than BP, and think the US market has learnt a big lesson from Oxy’s Acquistion of ANDARKO in 2019. It destroyed them.
COP don’t have prowess as XOM or CVX, and note COP have already completed M&A of Burlington for $36bn
https://intellizence.com/insights/merger-and-acquisition/largest-merger-acquisition-deals/
BP is not going to be acquired guaranteed .
Significant acquisitions included ExxonMobil's acquisition of Pioneer Natural Resources for $64.5bn and Chevron's $53bn deal to buy Hess I think says it all.
The EIA noted that these deals are the largest in real terms since Occidental Petroleum Corporation acquired Anadarko Petroleum Corporation for $55bn in 2019.20 Mar 2024, and Crownrock for $12bn in 2023.
No one has the dosh to acquire BP which have to be north of £100bn.
I’d just be happy that the FTSE still has it as SHEL is leaving FTSE. That’s for sure.
It’s dropping because people in the know BHP will be paying over the odds while stockmarket indices are trading at roppy levels.
In US, everyone was under impression interest rates coujd be cut by May, that isn’t happening, maybe not in 2024 at all. That is a red flag, there’s gossip that FEDS could be looking at raising rates to bring down inflation as it has started to rise this yr.
Factors for BHP sp direction is not all about BHP, it’s the wider picture out in this big nasty world we’re now living..
Gla
Hopefully picks up in May,
Signals still have this as a BUY.
Though HFEL went a similar way before 2020
Just read earnings call of Total Energies
There looking at possibilities of a NYSE listing too
I think I’ll be buying more RIO this yr than BHP, i meant
What about FIRST QUANTUM LTD in Canada?
They have great Copper assets too, and coujd get them on cheap due to debt they carry.
Whom are HILLS main US competitors?
I guess Morgan Sindall & Balfour Beatty are in UK.
You’re wasting your time with setting an order.
Try buying 1/3 of your possible total cost your prepared to buy in BP, and top up with the 2/3 if and when it drops 10%. It will happen, as stocks don’t always go up for ever.
This is not environment for orders.
Best of luck.
Unsure due to FTSE hitting 8000, and the issues in Gaza and Ukraine etc all settling down on the news, whether investors would have appetite to buy BA over oilies or riskier assets.
The weaker pound will be hitting BAE I’m thinking …
Thanks for bringing this to light. I only pay attention to that DWT if buying shares on other indexes.
Bought more on Feb, and have just calculated my dividend (72c)payout versus what was paid and yes it’s 30% less
Don’t get carried away with SPT’s off any broker.
Bernstein setting a preposterously absurd target in a top heavy stockmarket ain’t clever.
Yes with interest rates maybe coming down mid ye, but that’s going to only do opposite thing and raise inflation.
I’d trade carefully and not get too greedy.
The last SPT set was £126, never got there, due to many reasons.
Brokers will manipulate every Uk share now to get us buying every share to reduce the gap versus US competitors.
I’d look at £120 first and to hold above that.
I’m spread over 6 pharma’s
AMGN
AZN
ABBVIE
JNJ
ROCHE
VERT
National Grid still outperforms SSE over 1yr, 6months, YTD, 3months 1month and 1week
I believe it’s due to having that higher yield that is keeping holders happier?
So, changing topic to BP.
If Shell does leave FTSE, that would propel even further.
I’m presuming that is what BARC are basing their SPT on Bp at 1000p to be
Barclays analyst Lydia Rainforth maintains his Buy rating on the stock. The target price remains unchanged at GBX 1000p
Iran hold the upper hand here on oil price direction as they control the sea passage of the Strait of Hormuz.
This is what could and will cause a major oil spike.
I see this going higher than $100 .
Americans are talking about $120-130 already last night on CNBC, and Bloomberg.
Don’t want it to happen, but it could easily burst too.
The FTSE's 12-month forward price-to-earnings ratio, at around 11.22 compared to the S&P 500's 21.14, representing a discount of around 47%, the widest since at least 1990’s
Will it change??
On Friday US oil majors drop 1-1.8% across the board.
Though suppose they gain on the geopolitical gibberish in Asia.
I have seeing the discount between US v UK oilies gain in the current quarter.
The discount on P/E to our counterparts id say by calculations has to be between 20-25% over the last couple of decades .
On a different but will have a direct impact is interest rates.
I can’t see interest rates being reduced thus yr at all, it’s far too risky on the inflation aspect.
Inflation will obviously pick up with lower rates, which we don’t want to happen, so believe me, rates are to stay this way for LONG period as we first knew.
The world has to pay for their mistakes.
Governments should never have reduced to zero, that was a dumb plan, but hey I don’t work for inept BoE or FEds who has this problem now.
It would have given governments tools to use further down line LIMITING thus bubble effect they have manifested, and profited from.
Iv still got my 2500 holding h3re, not adding to it until the next total collapse happens in markets.
Truth hurts, but we will have something happen when no one knows
Biggest mistake BoE made and possibly nearly every monetary controller, has been in 2009 when they lowered interest rates down to zero.
This just restarted the same trend of making a quick buck for the Feds and governing bodies on them buying bonds and holdings in banks etc.
If they had left at 1-2% rather than increasing lower rates so aggressively
Then again I’m not working for BoE, but look what they got do so wrong
I only hold US real estate SPG in property, but PSN on my watchlist this year along with Volvo trucks.
Hi all,
I’d wait and not jump in to add more still at the minute. This geopolitical is going to continue and the markets are going to suffer if we have Iran doing what they say.
This share cheap, still, but then again the whole of the UK FTSE is cheap versus S&P I’d say as much as 20-30% based on P/E’s.
We also have the real possibility of no rate cuts in UK which will possibly be the case for USA too.
Inflation is still high, but we all know that when they lower rates, inflation undoubtedly rise again. It’s a conundrum …
I’m around 4% here, not increasing unless we get close to 3000-35000p.
I believe we’re looking at Jan/Feb ‘25 for rate cuts
I’d wait and not jump in coz this share is cheap. EVERY SHARE is cheap in UK.
We’re possibly 20-25%undervalued to the S&P competitors.
On that, I would also not see any rate cut this yr, as it’s just going to propel higher which we DONT WANT.
I believe we’re looking at Jan/Feb 25.