Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Cheap at the price if he can take the the SP out of Intensive Care and it recovers strongly:
https://www.ft.com/content/dab207e2-d90b-4365-90b2-49f5fcf7b6b5
Chinese Demand and Geopolitical Risks - Impact on OP:
https://oilprice.com/Latest-Energy-News/World-News/Geopolitical-Risk-and-Chinese-Demand-Could-Boost-Oil-Prices.html
Https://oilprice.com/Latest-Energy-News/World-News/OPEC-Lifts-Production-in-February.html
Https://oilprice.com/Latest-Energy-News/World-News/OPEC-Lifts-Production-in-February.html
Individual investors should focus on the performance reality of their investments rather than cloaking the actual performance of a particular share, or their overall portfolio with glib generalisations.
The gain on any share is defined by its performance over a defined time (less inflation in the interests of opportunity cost calculations) - this might be from initially buying the shares through to the point of selling them. Ideally, clearer perspective is obtained by annualising the gain.
With the same exercise carried out for loss-making shares, these can be subtracted from your gains to obtain your overall share portfolio performance, whether it be actual or annualised performance.
BP is arguably a quality share, over time "every dog has its day" so it may perform well in the future, but these might be "crutch to lean on" factors that distort the reality of continuing underperformance & self-justify holding an underperforming share indefinitely!
DP - the Pensacola deal will happen, but if it takes more time than we are happy with, or say we wish it was July and the drills were turning, we all need to think because we are effectively wishing our lives away!
DP - don't worry Deltic is in very good hands. Through the Selene deal the Board has reassured all stakeholders that a similar deal will be agreed over Pensacola. As you say once we get to drilling, and its not far away now, the real excitement will start!
Boyo - you are absolutely right, if the OP rises it merely glosses over BP's issues for a bit longer. The recent results and confirmation of Board appointments, acted only to confirm more of the same - NO change in strategy whatsoever. BP is very vulnerable.
Boyo - its an interesting read - you can get in by googling the link. My take on part of what is said is the view that the supermajors are using buybacks to manage the inevitable decline of their share prices on a yearly basis over time. It fits with one of my perennial views that; its not just about the buybacks upside on the share-price, but also where we would be SP wise without heavy buybacks. Just interested to know your view on this.
Oil market tightening:
https://oilprice.com/Energy/Crude-Oil/The-Oil-Market-Is-Tightening-to-2016-Levels.html
Warm Winter Drags U.S. Natural Gas Prices to Three-Decade Low:
https://oilprice.com/Energy/Energy-General/Warm-Winter-Drags-US-Natural-Gas-Prices-to-Three-Decade-Low.html
DP - I completely agree. Until there are revenues coming in from the oil flowing, hopefully, any price-guessing is going to be speculative, But, the upside potential is phenomenal. A good quote based on the varying prices people have paid is "a rising tide floats all boats!" So fingers crossed.
I will be mega-surprised if we see 20p again. But another quote from Warren Buffet is: "Be Fearful when others Are Greedy & Greedy when others are fearful."
If you have bought Deltic shares at a price that you are not happy with there is actually only one person that you can blame!
The question you need to ask now is, when you apply all of your no doubt vast knowledge of share dealing, "would I buy them today?" If you would not simply sell them!
A constant litany of "poor me" & how you are being swindled by Deltic is not constructive & achieves nothing!
Https://oilprice.com/Energy/Crude-Oil/Major-Oil-Companies-Make-Moves-in-Megamerger-Frenzy.html
Starmer already seems to bend whichever way the wind blows. Killing oil & gas sounds good on the campaign trail though!
But the reality is likely to be very different. Is he going to choke off a profitable sector of the economy that is just starting to show promise again? Is he going to kill off skilled highly paid jobs? Is he interested in energy security? Is he interested in the balance of payments? Is he satisfied to import exactly the same commodities from abroad? Is he happy to leave a major valuable resource unsold in the ground as everyone moves to happily produced electricity that doesn't harm anyone? Is he willing to waste the major investments taking place right now!
Also what does he say to Shell as the UK's biggest company, which domiciled here from January 2023, because killing North Sea investment was certainly not part of the agreement with the UK Government.
Deltic may not see itself as ultimately being a much different company. At companies House Deltic is classified as Standards Industrial Classification (SIC) "Code 06200 - Extraction of natural gas." They are widely known as an Oil & Gas exploration company but prominently on their website they describe themselves as: "Deltic Energy Plc is an AIM-listed natural resources investing company."
Investors Chronicle view:
Https://www.investorschronicle.co.uk/news/2024/02/15/are-shell-and-bp-s-buybacks-good-for-shareholders/