Member Info for meoryou

U.K.-based BP Plc is considering sanctioning its deepwater Kaskida project in the Gulf of Mexico (GoM) by 2024, CEO Murray Auchincloss said during CERAWeek by S&P Global.

“We're hopeful to get to sanction on Kaskida this year,” Auchincloss said during a March 19 plenary session with S&P Global Vice Chairman Daniel Yergin.

Https://www.reuters.com/business/energy/ceraweek-trinidad-talks-with-us-bp-gas-project-shared-with-venezuela-min-2024-03-21/

If not this week surely by end of next week when anyone who wants to will be reinventing the div.

It usually takes a trip upwards if you are trying to reinvest

That’s why it’s the Mythical £5 no one knows if it really exists.

We all just think we have seen it before

Https://oilprice.com/Latest-Energy-News/World-News/US-Crude-Oil-Gasoline-Inventories-Continue-to-Drop.html

We were about 1 p away today.

It didn’t seem to greedy to want a little bit more.

But felt a bit like Oliver Twist

“ please sir can I have more”

Https://oilprice.com/Latest-Energy-News/World-News/Shadow-Fleet-Tanker-Destined-To-Carry-Sanctioned-Russian-Oil-Causes-Collision.html

It’s teasing us once again.

Think it just wants to try Gingys patience

By coincidence very close to the oil,price last time we were at £5.

Although both sp and oil were on a downward path then.

Only meant can they take us up past the £5

It’s getting mighty close.

Do the yanks feel like taking us over £5?

Just remember £5 is not a barrier in the US,

And keep your fingers crossed

As a result of the Global Offer, the Share Buyback and cancellation, Pfizer's interest in Haleon will reduce from 32% to approximately 22.6% of Haleon's issued Ordinary Shares with rights to vote.

Haleon has agreed to repurchase 102,272,727 Ordinary Shares from Pfizer off-market, subject to the completion of the Global Offer, for aggregate consideration of approximately £315 million (approximately $400 million)

Haleon intends to cancel the purchased Ordinary Shares. Following the Share Buyback and such cancellation, the total number of Ordinary Shares issued by Haleon with rights to vote is expected to be 9,132,301,104, as compared to 9,234,573,831 Ordinary Shares with rights to vote today. No shares are held in treasury.

Https://www.cstoredive.com/news/bp-growth-plans-global-c-store/710507/

Https://www.bp.com/en/global/corporate/news-and-insights/speeches/tackling-methane-a-big-lever-for-a-huge-challenge.html

On the way up it’s always scared of £5.

Then when it’s above £5 is like a magnet that drags it back down.

Slow and steady wins the race

Redbluerhino

Think some shareholders may agree with the board ,but realise that if BP roll back on their commitments,that they will gain financially.

So they see it as a Win,Win situation.

Personally I believe if we keep making changes to strategy it makes it much harder to tell what is actually working,and what is not

That’s another major dent in the share overhang.

Other than the big 2, the other major shareholders appear to be 2% or less.

In my view it’s positive that Hln felt able to take part and buy back some as well.

It’s not the end of the share overhang,but think we are being showed it’s not a major problem,except to keep a lid on maximum sp.

It’s going to be interesting what happens to sp as the overhang shrinks away

1)

“Almost all of BP’s biggest shareholders are unhappy with its shift to green energy, an activist investor has claimed, amid a growing backlash over the oil giant’s focus on net zero targets.”

2)

“A BP spokesman said: “We do not recognise the assertions Bluebell has made. In recent weeks and months, we have engaged extensively right across our shareholder base internationally, including with our largest shareholders.

“We have heard clear and widespread support for BP’s strategy and our focus on delivery. Throughout this engagement, we have not heard support for Bluebell’s proposals.”

Somehow both statements cannot be true.

I think currently there is a wide range of views within BP shareholders, but would have thought it very easy to find out what the larger ones think.

Dividenddata says the following

“Dividend Cut - 03/2025 annual dividend to be cut from €0.09 to €0.045.”

Doesn’t mean they are right,but that’s their interpretation.

2024 utility-scale solar projects in progress

https://lightsourcebp.com/news/2024-utility-scale-solar-projects-in-progress/

Contains a short video of there projects ongoing this year