Member Info for LeeRex

Excuse my mistake, it did already include those disputes, but I could well have missed something else.

Hi Weirdpal, I post the below 9th Dec so doe's not even include Venezuela or Greenland... IMO, Trump being the President or man of Peace is the biggest Joke I've heard in 20 years and FIFA should reclaim their peace prize !!

Disputes or all out Wars: -

Israel - Hamas

Thailand & Cambodia.

India & Pakistan

Japan & China.

Russia & Ukraine

USA & Venezuela

Sudan

DR Congo an absolute mess for years

USA want’s Greenland.

Saudi entered into Yemen recently.

Iran, well, Iran is always a problem.

IMO, that all suggests a world at war.

Hi meoryou,

all understood, although from the Video I shared, China have ample alrewady and Saudi cancelled daily orders. Heavy Refineries are more limited and ageing..

Just sharing what I find mate, as I don't think the Heavy Oil with incredibly high Carbon is at all as desirable enough to go to War or create so much political drama for.

As they say, follow the money, and who is giving Trump advise and what are they actually pushing for ?

My irrelevant and contraversial opinion..

I hope USA oil Sector invests a considerable amount of money and comes away licking their wounds from a very bad decision.

https://youtu.be/SvSPyj74vUo?si=WIDLa6KGWZPMaIh9

Some interesting points I'm reading. There are so many different reports, some for click bait, some behind pay walls, some contradictory..

But this caught my eye.

"Venezuela is often described as having the world’s largest proven oil reserves at around 300 billion barrels, which would represent roughly 17% of the global total and easily exceed the reserves of the United States and Russia, but the simple fact of large reserves masks critical nuances about extraction and market value. Most of this oil is extra-heavy crude concentrated in the Orinoco Belt, buried deep underground and much more viscous and sulfur-rich than the light crude that dominates global trade, so producing it requires blending with lighter hydrocarbons, significant diluent imports, and more complex processing. All of this makes extraction costlier and slower compared with conventional light oil.

Much of the resource is onshore but its depth and physical characteristics mean it is harder to get to than conventional fields, and estimates of technically recoverable volumes vary widely because economic recoverability depends on price, technology, and infrastructure investment. As a result, despite enormous reported reserves Venezuela doesn’t have nearly as much economically recoverable oil except in a world with massive oil demand growth and sustained high prices. That world has already departed, and it’s not coming back."

Hi Prime, re your below comment.......

"Trump will look after US first though."

I disagree...... Trump will take care of himself first.

Things would have to be very bad to see 337...

But I am hoping for 377 ready for a Top up..

No where near the size of Charlie's addition..

860'489'272 shares not paying Divi on, is a saving of £53'350'334 every Quarter, No ? ?

Happy to be corrected if I've totally fudged that.

Surely charts and technicals are not as important or relevant when Geopolitics are where it is at the moment??

Who knows, because markets are so unpredictable and irrational, but I’m thinking a few down days on the markets as risk is so high??

What will happen to the chip sector if China see’s their opening now that Trump has given the green light on invasions?

Trump “Stealing” another nations Oil will probably contribute to a glut in the Market???

Trump is a disgrace IMO, $37 Trillion in the hole and History tells us that the only way that’s repaid, is written off, Hyperinflation, or War / blindly or openly just Stealing from others. The man of Peace has chosen to invade and rob another countries wealth.

Where’s China going to buy from to replace the Venezuelan Oil? Were they not investing in refineries for the heavy stuff??

I can see a buying opportunity soon. Hoping for 373 / 377 area for top ups.

Hi Wolfie,

"Is there a clear and tangible link between the SP and BP's debt level? Do you guys think that this is the main thing now holding back the SP?"

If the above comment is indeed the case with BP and it's future potential, then hopefully debt reduction over the next 2 years could be a rocket up BP's SP to much higher levels..

Here's hoping the SP doe's see some considerable elevation, as that will reduce the threads on here about buyouts.

Hi ASI,

not that I want to pick a fight on Christmas Eve, but 1 of your statrements stood out to me, so I just wanted to point something out...

YOU SAID......

Birmingham didn’t go bust because too many people arrived. It went bust because the council mismanaged billions, lost a huge equal‑pay legal case, and failed to fix its own systems. Immigration had nothing to do with it.

( AI ) SAID:

As of the 2021 Census, over half of Birmingham's population identifies as non-white, with ethnic minorities making up 51.4% of residents,

I SAY: Some times I nod at your lengthy AI replies, most of the time I scroll past knowing it's tosh and AI Rubbish. The state of Birmingham, is because it is and says what it is on the tin

Hi Happy,

Re post @ 08:14

I have though about this alot, and I've come to the conclusion that it would be slightly unfair to be so hateful towards the individuals or the board as a whole for the direction the business went in regards to the Net Zero project. It felt like it was a race to Greenification & Net Zero and this was drivben by ideoligist zealots...

I think it really is a case that the campaign's against Oil & poluting businesses got to a point where the Lefties / "WOKE" really worried Board members to the fact that Cancel culture, protest's or even orange paint was splashed over their brands and sites across the country was a worry for the future of the business.. The Cancel culture is far too real and evident over the years.

Be it the Left or the Woke or just the concerned public swayed businesses like never before, maybe Social Media and how that can now reach so many people and drive a movement.

I personally did and do believe that diversification is needed away from dirty oil and to move into Green energy, but the shift was too far and too quick with BP and maybe should have been a separate Entity from the well established BP Oil Giant, to not muddy the business as we know it..

Anyway, waffled there, in a nut shell, Woke Left driven ideologies drove the Green agenda and BP Board fell for it and now Shareholders are suffering

Is that right, 1 year to complete??

“The transaction is expected to complete by end of 2026,”

The $$$ is around the value put out while posters were chewing the fat on the numbers involved, so no surprise there, maybe a slight surprise retaining 35% instead of a total sale in full?

Anyway, I hope you all enjoy your festive time with friends and family and let’s see what 2026 brings for investors.

Hi Goldroo,

That’s not correct mate……

You can sell stock ON its ex-dividend date and you'll still receive the next dividend payment. You don’t need to wait for payment date

If BP is sold ( a Mega Merger is the same IMO ), then I’m not sure what’s left for the UK apart from a welfare State with an inflated Public sector that’s on its knee’s with a debt burden around its neck that’s impossible to repay on decent terms.

In other words, I’d see the sale of BP as another nail in the coffin of the Economic stability of the UK, and I’m not sure it could be reversed as it stands..

The rich have left and are planning still to leave, highly skilled Health sector workers have left or planning on leaving.

We have boats loads of unskilled arriving to replace those that are leaving.

Those championing the breakup or sale of BP, will live to regret it, unless you’re 1 of those that has already left or planning on leaving the country.

PE Firms, the Middle East or foreign pension funds own most of this country, and all I see is those that want to offload more value from the country.

Very sad really the state this country has become.

I know 1 company does not make a stock market, but it’s symbolic for me and 1 of the main jewels left in this wobbly crown.

Trollsome, what on earth does your post at 15;05 actually mean or what value does it add..

You're literally just getting your number of posts up with nonesense nothing posts.

I mean, it's utterly pointless.. Please stop with pointless useless posts.

Just to add, my main pot in my AJ Bell ISA, is set to Re-invest Divi's and happy with that considering BP is under my threshold of £4.50 for Re-investing

Either way, the Market is either unimpressed, or MM's controlling in a tight range.

Not many announcements due is there is the coming months, surely waiting for the new Arrival in just over 4 Months time.

With POO at low levels, I was surprised last week to see my local Fuel station had increased Deisel a few pennies, as fuel had not increased for a while and POO has only been on a decline the past months. How doe’s that compute ?

With Interest rates reduced, markets are stating positive cue’s because of it, but there’s little cheer in the BP SP, from what I see.

I’m waiting for my Divi to be paid by Trading 212, as I’m hoping to put it into some of the Renewables with high Divi’s to spread the pot around..

Hi meoryou, re your comment

"I think this one is going to tear up the 3 year plan and start from scratch."

As they say with the UK Economy, it's like a massive Tanker that takes a long time to turn around.. How much change can be made and how quickly can change be made with a business like BP without destroying it ?

I'd be fearful of a Gung-ho approach

A few thoughts I have,

Start date of 1st April is a strange date to start. Especially seeing as it's Mid-week and a fool of a day to chose.

BuyBacks IMO are great value around this SP but should be halted anything over £4.50.. For every day of Buybacks which were averaging 1.5 Million shares a pop, that's a saving of $125k "per day", just in Divi's ( I think I have my Calcs right there. Happy to be corrected. )

The current POO doe's not help the SP ATM, but that's across the board for everyone and these Large Corporates are used to the pricing cycles.

As long as Debt is a focus to be reduced and Divi is scheduled to grow by 4% per year ( subject to board approval ), this is still a quality Share to have in any portfolio for the long term. Re-investing Divi's on a Quarterly basis is also a benefit for a buy, hold and forget mentality.

Surely the Castrol sale was already agreed upon and a done deal, or they surely have to wait till the new CEO's review of assets post April 2026.

BP is just currently undervalued and unloved. Bring back the likes of Dudley's calibre.

I'd be gutted if this was broken up or sold off, especially with the Brazil find on the books to be developed, while IMO possibly going back into an up-cycle for POO.

If the SP hits the previous levels of around £3.73 - £3.83, I will definitely top up, otherwise, I'm holding and ignoring with the Divi's re-investing.