The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Just wondering why the BP share price has been so strong these last few days?
Could it be the results that were reported? Well, we had previously great results, but without this upwards push.
Are people buying on the rumours of a possible takeover? Hard to say.
Is it the increase of the dividends? That must have helped, but it was not a spectacular increase was it?
The price of crude oil is high, but way off what it was, so unlikely to be that is it?
Any thoughts?
I was considering selling half of BP holdings to lock in the superb gains thus far today. However, with the ex dividend date in just a few days, February 16th, I shall wait and reconsider, though it is likely to cost me!
I find it hard to believe that the US markets could push the share price much higher...
Friday, February 3rd, 2023.
Available on YouTube until about 22;00 GMT tonight.
Neil Collins said on the Sky News business show that he thought that Shell was too big for a takeover by Exxon, but that BP, being one-quarter of its size would be attractive yo Exxon as a target!!
There could be more in today's Evening Standard. There is a free app if you cannot get hold of the physical copy.
Hypothetically speaking, were Exxon to make a public approach to buy BP, how much would be added to the BP share price? One quid, two or even more as an instant reaction?
Results day sweepstake
johnnytaffia/ £4.65
Janbo £4.73
meoryou £4.82
Owls £4.85
Harmonica £4.90
Pastyermaster £4.91
Busman1 £4.93
1Armani £4.96
redjim £4. 98
Barclayshare:£4.99
Selecta 6 £5
Harmonica £5.00
Gingy £5.02
Bruce £5.03
tricky 125 £5.06
Causal £5.08
Jakers. £5.10
goodtogo £5.12h
Pang £5.15
clydecrusader £5.16
Jezzoo £5.18
jeffrey1979 £5.20
Happy £5.25 :)))))))))))))))))))))))))))
Spights £5.30
Stockready £5.40
We all know that renewables are the future, so a move towards that is somewhat inevitable. But we do not live in the future, we live in the present. Currently, the need is for reliable, 24-hour and secure sources of energy, which can mostly come from oil and gas. So, BP ought to be investing in its inevitable future from Hugh profits now from petro-carbons. Surely, a win-win, now and for the future? But to turn its back on oil before the renewable are in place is as reckless as it is dumb.
Not quite, Jakers!
Whilst November 2022 may have been slightly positive, the other months were negative, so the quarter was negative overall. Officially, if we have two touching quarters of falls, then we are in recession. So, nothing has changed, alas.