Member Info for Jakers

Saitoman

My best guess would be 4.30/4.50

Hi Meoryou,

For some inexplicable reason bp have consistently been appallingly bad at pr and I do like your suggestion to expose true values of the constituent parts.

Good morning Spights,Meoryou and all.

Very positive vibes from your posts this morning. I've stopped my ducks on the local pond from fartng so bp should do well today lol

My apologies Roxi wretched predictive text

Robin

The government are very quick to take all the credit but not so daft when it comes to paying the price.

Just look at what the forced bp to do with rosneft just to make them look good on the world stage, and who paid the bill ??

Completely agree Primetime51

Primetime51

I aired a similar view on the board a short while ago and better informed posters advised that castrol isn't making much profit.

Meoryou,

We have far too much negative baggage to be an attractive proposition to any potential suiter.

Debt level

GOM outstanding payments

Potential loss if Rosneft plus accrued dividends

Lack of direction in the business

Ineffective board of directors

Farcical waste of cash buying back shares to be put into cashiers drawer for handouts to undeserving directors

We should be considering a class action against the board for dereliction of duty

The quicker we have new blood at the helm and get shot of this shower the better

This week could see our share price bounce over £4 with so many possibilities

1. Potential ukraine/russia meeting in Turkey on Thursday

2. Potential usa/China trade deal imminent

3. Potential bid for bp still a possibility

4. Trump middle east tour

5. Further hostage release by hammas raises prospect of peace again

Hi Meoryou

With the slight glimmer of hope for a ceasefire between Ukraine and Russia there might just be an opportunity to reintroduce the Rosneft asset into bp's valuation which would be considerable. Never loose hope

Meoryou,

It's mildly reassuring that we held yesterday's gains and oil price is close to 64$.

I think the biggest stumbling block for a non UK company to merge or takeover is the punitive windfall tax of 78% on all UK profits which will remain in place until 2028 I believe.

A listing in US might release the full and true value of the stock which if experts are to be believed is far short of that level currently.

As to whether UK government would allow one of its major blue chips to emigrate is another matter given how avaricious they are to get money into the coffers to keep illegals housed in luxury hotels.

Mark,

If as I suspect a takeover of bp or an amalgamation of bp/shell would be an all share deal perhaps as contributors to this board have suggested 1 shell share for every 5 bp you hold. You will then hold shell shares albeit only 20% of the number of bp you originally held.

It will be interesting to see if we can hold on to today's gains when adr opens shortly

Primetime51

Who knows ??

Certainly ADNOC interest is old news, they confirmed several months ago that they had looked at BP and decided it was not a good fit for them

Morning Meoryou,

Yes very sad to see such a brilliant company reduced to being fodder for hungry wolves.

Sadly the blame rests with totally inept management who are quite content to ruin the company as long as they can sit back and claim hideous salaries and millions of our shares just for turning up.

Don't suppose any if them will be recommending a share offer because it will very likely mean their gravytrain will finally hit the buffers.

Meoryou the interesting thing in that report is the level of premium likely to be paid of 20% that would mean a share price around £4.25 or thereabouts which doesn't fill me with joy

Morning Meoryou,

Lol... yep we do have some odd buggers up here

Good morning Spights,

Feels a bit like swimming in treacle at the moment...

Paper losses look horrible, thankfully I've no plans to sell.

Brent has picked up to just over 61$ and adr closed 3.77% up yesterday.

With any luck we might see 3.75 today

Meoryou, there is so much frustration with the share price of BP and not keast the ineffective board of directors, not to mention the obscene hand out of huge volumes of shares which are undeserved by any measure, I now believe given all the above and our increasing debt pile 4.50 - 4.75 is about as good is this can get. Oilp price is also tanking so all in all I cannot see 5.00 being achieved.