Member Info for Jakers

Morning Meoryou

Unfortunately there's been several arrogant and rude posts of late which drags the tone of our board into the gutter.

I respect everyone's right to comment provided it is done in a respectful manner. Sadly a small number of recent posters have seen fit to be extremely rude which is not acceptable and we should unite in condemning those responsible.

If you cannot be polite then clear off and post somewhere else ye are not welcome here.

Are we going to see a major reset of bp's stock value.

What will the new norm be, will we see £5 challenged today ?

Never a dull moment with bp

Hi Spights

I do hope some form of a deal is done soon, what I don't understand is president trump's almost infantile rush to get news out beforehand as it leaves him exposed to ridicule when it fails.

Jc

An expert I most certainly am not. Nothing more than an amateur investor.

My opinion for what it's worth is that with the Iran war seemingly coming to a conclusion and even a strong possibility that the Russian invasion of Ukraine potentially reaching some sort of deal there will be considerable downward pressure on oil prices within 6 months as flows return to normal. Another negative factor in my judgment is the fact that the bp board have pushed out one brilliant man who had half a chance on instilling discipline in the out of control board, and direct the business in a prudent manner. Therefore the sp will struggle to stay north of £5 and probable go as low as £4.50 taking all the above and the huge debt burden.

Just my personal view nothing more

Great posts Meoryou

The sickening reality is our pair of prize drips milliband and starmer (what a pair of no hopers) are quite prepared to allow all that to fail and dissappear causing massive loss of highly skilled employment, not to mention the billions that will be taken out of our failed economy.

Good morning Meoryou

AM was exactly what was needed to motivate the 'mamby pamby' board and get bp motivated with a sence of purpose and determination. Sadly for shareholders he was pushed out for dou g the right thing

Tricky, God help us if the " narcissist" becomes chancellor which I understand he is very keen to be in a Burnham administration . He should hang his head in shame for the problems his decisions are causing the economy.

No big surprise Spights what with oil and gas haters in power ( for now) although I see the talks failed

Hi Spights

Therein lies the problem. The biard plan to hire someone based on the boards collective view..... What about ability and qualifications??.

Zebbo

The only thing worse than no deal is a bad deal and yes president president Trump may be impatient for a deal, he cannot afford to agree a bad deal to tarnish his reputation in future.

Hi Meoryou

I can't say I blame you.

BP has made a monumental error of judgement pushing AM out, because he had a firm vision and was actively pursuing that, and even though he was only at post for a very short time you has the reassuring feeling that there was finally a safe pair of hands guiding the transition.

Unfortunately that reassurance is no longer evident and the turkeys on the board are not likely to vote for Christmas so we are going to see more of the dithering and poor judgement that has plagued us for years. I have no faith in the board to implement the necessary changes that are essential for long term security and I'm most surprised that some of the largest shareholders aren't up in arms at the recent events.

Hi Meoryou

Neil Woodford has hit the nail on the head with this article.

Our dysfunctional board has made a massive error of judgement is pushing AM out. The vest interest of bp and the shareholders would be served if he came back and all his opponents were fired. Where can we go with this incumbent bunch of freeloaders

Hi Clued,

Thank you for your post. I suppose my biggest beef with the bp board is the culture of extravagant entitlement which although never acceptable, would be more palatable if the company was debt free, but it isn't and looking just at the past few days the executives have had hundreds of thousands of company shares awarded to themselves free gratis, frankly its sickening and clear to all that the cash cow mentality is alive and well and they will fight tooth and nail to ensure that they can grab as much as they possibly can before the game is up. I believe AM was a real threat to this culture

Have a pleasant weekend

Morning Meoryou

Why was Henry blabbing secret information about a proposed deal ? Was he trying to sabotage it for some reason. One wonders just if its become a clash of super egos among the bloated board. I don't see much hope for change that is desperately required with the current management and even less so now that AM has been removed. More of the same then ???

Spights

BP under Rooney capitulated to a Conservative government to abandon its Rosneft holding. It no longer is recognised on the books and no dividends have been accepted. My understanding of bp's official position was that they were actively trying to find a buyer but it all died a death and the company havnt issued any updates on the matter for a couple of years to the bedt of my knowledge.

What will happen if the russia/ukraine conflict ends is anyone's guess, but history tells us that most atrocities are brushed under a matt or totally forgotten in time and Russia will need to ingratiate itself with European countries again to do business but investors will be very wary if issues wike the Rosneft stake are not legitimately addressed by Russia. So never say never.

What troubles me is our now weak pm and hopeless ministers ( for goodness sake lammy thinks the magna carta is an ice cream) won't assist a uk blue chip company to recoup our massive loss

Have a good weekend everyone

Hi Meoryou

And now the shrinking violet has gone on sick leave due to the stress, poor thing

Cunningfox

I wholeheartedly agree with your sentiment and share your frustration at the ongoing lack of fiduciary care at bp. AM was clearly trying to stamp this behaviour out. All we can hope for is someone who will continue to challenge this culture of entitlement

Theaky, so would I.

Was Ben Mathew's the one who caused the problem, I read that he has gone on leave due to the stress it caused him.

Never mind I'm sure when this month's salary hits his bank account he will cheer up

Spights, it would be interesting to know I suspect they are less than happy like the rest of us...

The profligate reckless waste goes back to the Brown era who let's just say appeared to like the extravagant hilife as long as someone else was footing the bill. That culture albeit painful for those indulging in it must stop and be seen to stop

Selecta6

I don't think the core problem is or was Albert Manifold, from his rebuttal remarks he clamped down on excessive spending, eg on private jets and chauffer driven limousines

and Lord only knows what other extravagances our "entitled" board think they deserve. There are some very serious questions about the behaviour of bp board members and possibly senior management

They have lost sight of the fact that they work for the shareholders and should have strick fiduciary care of corporate funds. The gravytrain needs to be derailed pdq and hopefully a new regime clamping down of wasting vast amounts of our money will be installed with urgency.

STOP RIPPING US OFF BP BOARD.