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Of course it means jack you are correct. Nobody in stock analysis pays any attention to peer valuations ever.

So what size short do you have open

Fair point appologise

Don't be silly there is already a 40% devergance between BP and XOM over last 12 mths

I expected a bit more than a childish response thankyou

I keep racking my brains is the market pricing something in I've missed. We are some margin behingld the share price recovery curve vs most major indicators: peers, Dow, Ftse and oil/gas price

Oil price forecast is $80 by goldman sachs and demand hasn't fully got going yet. Interest rates remain low. QE almost certain to continue and exchange rate good. Bp have a strategy ahead of peers to diversify energy base

The only things I can think of are sentiment and delta variant but these apply to our peers and oil price as well, yet they are far stronger than our SP.

The price targets from here are higher, alot higher from some major banks.

Its one to sit out as value will come despite this frustrating period

$80 ppb for rest of year. Next year demand will be alot higher

Goldman sachs analysts still predicting higher oil prices even after opec agreement

Well at moment they will clean a 1.3bn buy up pretty quick at this price

Isn't that what they are doing anyway

Please read the goldmans sachs oil analyst report.

No strategy is locked in stone and set no matter what external events change. A strategic plan that never changes is the most stupid plan possible. It's the equivalent of nothing changing during covid and companies saying OK events have changed but we have a plan we must stick to

Looney needs to set direction here. Everyone is guessing. His assumptions were all based on a much lower price. The huge increase was never foreseen. Great news as it is he now needs to be clear what he will do with all this extra cash to stop everyone guessing which is evident from this bb.

Major green investments
Debt reduction
Buy back
Divi

Everyone got their own view but I'd prefer buy backs. Equity capital is expensive way of funding whist debt v cheap.

Dare I say it should be a nice rise Monday

Very funny

Great invest in BPs Green energy strategy

Sound logic in a world of inverses

But I suppose if you take history into account of every CEO there ever was never no matter what change of circumstances outside sticks to his plan and never changes it to outside circumstances no matter what you are probably correct

They did indeed..... And then the price of their main product doubled which they now expected. Now huge casflows come in which is shareholders money whatever the case. Unless of course they buy loads of brown envelopes and stuff it somewhere

Good spot. Reality is nobody knows but they gotta do something with all that cash from their main product price going up 90%. why debt debt down when it is a very low cost of capital. It will make its way back to shareholders somehow