Member Info for meoryou

Quite sure it’s a scam

This is at least the 6 th board I have seen with this type of thing.

If it sounds too good to be true .

It then must be a scam.

Nobody doing a take over would do this when they can buy on the open market a lot cheaper.

WP

Knew Murray was Canadian, but just found out Sawan is listed as Lebanese-Canadian.

Both not being British does give them some advantages when dealing with UK politicians.

Maybe a few threats can head off Labours worst excesses.

Posted by Getagrip on Shell site

I think when we look back on Sawan's tenure at Shell he will be seen as a master-strategist. As Shell knows super-tankers are very difficult to turn around, but for me he is doing an excellent job and relatively speaking, at pace. If anyone is in any doubt on this try discussing the topic with a BP shareholder.

Certainly Sawan is trying to raise Shell's SP, and close the gap, by stating that New York might be on the radar. But he is also demonstrating that Shell will not passively accept being a pawn for the soon to be electioneering parties in the UK. For me he might even be trying to boost the share-price as a prelude to a hostile takeover attempt. Maybe he is thinking along the lines of following the current fashion of buying a US oil company & attempting to mitigate any regulatory hurdles with a bit of hearts and minds strategy. Maybe he is indirectly trying to highlight some of BP's comparative weaknesses, with a view to a possible merger or takeover.

Exciting stuff though, to balance against yet another rainy UK day.

April 9 (Reuters) - BP (BP.L), said on Tuesday it expects first-quarter upstream production of both oil and gas as well as low-carbon energy to be higher than the previous three months.

The London-listed oil major also expects strong results in oil and gas trading, along with a $100 million-$200 million boost from improved oil refining margins.

Lower realised prices, however, will mean a hit of $200 million to $400 million to its gas and low-carbon energy segment, BP said in its first trading outlook for 2024.

For oil, lower realised prices will mean an adverse impact of between $300 million and $600 million, it said, due in part to price lags on its production in the U.S. Gulf of Mexico and the UAE.

BP is scheduled to report its results on May 7.

See RNS for details

Https://pgjonline.com/news/2024/april/bp-nears-deal-to-sell-trinidad-upstream-gas-assets-to-perenco

Morning Spights and all

I always said we are worth £8 in a take over.

Shell even thinking about a move to US is a game changer.

BP likes to be a trend setter, but I just see them being slow to act.

Onward and Upwards

Here is a little thought

Shell decide to list in US

BP stubbornly stay listed in UK.

18 month later Shell have indeed been re rated.

Just before BP decides to follow Shell to US,Shell use their newly re rated shares to buy out BP ,taking advantage of a 40% -50% increase in sp.

BP have stubbornly managed £6.( about 20%)

Could you see it playing out

WP

Agreed Vitol will probably do things for profit that we are glad BP don’t do.

Will look into that getting that book, ( looking for holiday reading anyway).

Thanks

Hopefully a sign for BP Trading also

The world’s top independent oil trader, Vitol, booked a net profit of $13 billion for 2023, wrapping up a second consecutive year of very high net income following record 2022 earnings, the Financial Times reported on Monday, quoting sources familiar with the privately-owned group’s results.

The disruptions in the energy markets and the high volatility in commodity prices in 2022 and 2023 benefited the largest independent trader, and all other major independent trading groups such as Trafigura and Gunvor, but Vitol’s earnings far outpaced those of its closest rivals.

Kate Thomson Chief financial officer / director

Shares acquired through participation in a dividend reinvestment plan (DRIP

Shares 2086

Cost per share £5.0855

Total cost. £10,608.35

If it was a buy at $80 oil.

Surely it’s a screaming buy at $90 oil.

And does that mean there is at least another 10% upside on the merger

My very very simple take on Vod buybacks is

If you think sp is currently over valued buybacks at this price are a disaster

If you think sp is close to value buybacks are fairly neutral.

If you think sp is under valued buybacks are a good thing at these values of sp.

My personal view for what is worth ( probably very little) is that buybacks at these prices are roughly worth buy one get one free, as I believe a fair value is about £1.40.

I expect these low levels of sp to continue even during buybacks ( sell in May and go away).

But only time will answer that.

These personal views are only that, ( an opinion and may or may not be what actually happens)

Hi Gingy

“BP will be impacted by downtime at Whiting and Freeport LNG".

That should not be a surprise as it’s well known,so expecting a reasonable announcement,due to oil price, but not spectacular.

It’s what the market makes of it that counts.

But markets are meant to be forward looking and with oil above $90 it’s easy to feel optimistic about the rest of the year.

But that can change in a moment

Yes the 80% return to shareholders includes buybacks.

Welcome to the board

From Proactiveinvestors

If it is anything like Shell’s update on Friday, BP’s first quarter numbers on Tuesday will be a low-key announcement.

The upshot from Shell is that gas profits are falling following the bumper returns it saw in 2023, but otherwise, trading seems solid enough.

Something similar is likely from BP though analysts at Jefferies said that "BP will be impacted by downtime at Whiting and Freeport LNG".

BP has already allocated US$3.5 billion for share repurchases in the first half of 2024 and has set its sights on executing buybacks of at least US$14 billion (£11 billion) by the end of 2025.

In other words, BP is aiming to redistribute at least 80% of its surplus cash flow back to its shareholders.

Again, quite a few billions not going towards green investments (in BP’s defence, it has been fairly candid about scaling back its green-transition targets); something that has angered its critics.

Div yield last 10 years

https://www.dividenddata.co.uk/dividend-yield.py?epic=BP.

WP

Is this what you are referring to posted by Boyobach

Oil Price isn’t the problem here: BP is underperforming, particularly since May2nd last year.

https://invst.ly/13me5v (chart of BP against Brent and Shel over 5 years)

OP is well above 2019 levels, when BP was around 550 with Brent at $66 .

Did note last night of the 4 oil shares I watch in US

BP down

Shell up

Exxon up

Chevron up

So agreed some is BP related

It’s not just BP all my shares are down.

Market down 80 pts.

Sp not important short term as long as it can stay above £5.

It’s all about the oil price and earnings for now.

Although $90 oil will start to affect inflation again.