Member Info for meoryou

Lightsource BP is doing very well. The returns are very high across the world for the development model that Lightsource has engendered. I think the average return, if I remember from looking backwards -- '22 backwards, the average return on the flip model was around a 16% return. So very, very strong returns that have come out of. I think it was [indiscernible] transactions was the last time I looked at it. So that continues to be a very good model that's working very well across Europe and Asia right now, a little bit sticky in the United States in 2023, but across the rest of the world. It's working very well. We'd expect the U.S. to return to normal in '24, '25.

Despite all the doom and gloom

We are still well above £4.928 which we were at just over 3 weeks ago on 5 th October.

We are still a company making historically good amounts of cash

We still have a good pipeline of oil projects going forward.

What we don’t have is visibility on who the CEO will be ,or if there will be any change in strategy.( even just a subtle change in direction).

The plans for BPX look very encouraging.

I’m still very positive

Personally see it as another poor job by our oil analysts.

I still don’t see this as a terrible set of results.

Just that expectations were massaged up over the last month, and not brought down any when US oilers missed

“Net debt was reduced by $1.3 billion to $22.3 billion at the end of the third quarter.”

Looks very good set of results.

Not long till we see what the markets think

Https://www.offshore-energy.biz/more-action-needed-before-israel-grants-multiple-exploration-blocks-to-socar-newmed-and-bp/

The consortium of Reliance Industries and BP is auctioning natural gas from its KG fields at a crude-linked floor price, which at current rate, exceeds the government-set ceiling. This would ensure that winners in the auction pay the ceiling price for gas.

The consortium has offered to sell 4 million metric standard cubic meters a day (mmscmd) of natural gas in an e-auction slated for November 21, according to the bidding document. The supplies would start from December 1.

Quite a lengthy read but quite interesting

Https://oilprice.com/Energy/Energy-General/The-Political-And-Economic-Implications-Of-The-EV-Transition.html

Clued

Agreed no one knows.

My personal view is it’s not likely,but I have no idea.

As for the experts these days you can find one out there to agree with any view

In the gas markets, the focus is on the ongoing investigation into damage to the Baltic Connector pipeline between Finland and Estonia.

The damage was recently attributed to a broken anchor from a Chinese container vessel, and the investigation is expected to continue for several more weeks.

Note the following from the article

“The strategic shift comes as U.S. oil giants divest from Western Europe, West Africa, and Russia, focusing on more stable and closer regions amid geopolitical uncertainties.”

“ The age of the U.S. oil giants holding a variety of assets spread worldwide is over, analysts have told The Wall Street Journal. ”

Doesn’t sound like any of them will be coming after BP any time soon

Https://oilprice.com/Energy/Crude-Oil/American-Oil-Giants-Boost-Domestic-Footprint-As-Geopolitical-Tensions-Mount.html

Https://www.energyconnects.com/news/oil/2023/october/bp-s-tumultuous-quarter-brings-a-quiet-canadian-into-spotlight/

Https://www.bp.com/en/global/corporate/news-and-insights/reimagining-energy/the-future-of-food-on-the-forecourt.html

Https://www.theautopian.com/why-oil-giant-bp-ordered-100-million-worth-of-tesla-superchargers/

Jeffrey

If you thought Exxon was bad Chevron down over 5%.

But both missed estimates.

Hopefully not something BP does.

Just one more trading day to wait.

Shell for some reason is up.

Jeffrey

Just my opinion as always.

New broom so always possible he may want to surprise in some way ( preferably positively).

It will be a good set of results, so hopefully some wriggle room on something.

Maybe div or buybacks or more spending on oil.

Anyone of the above has the chance to result in a positive rise in sp.

I sold some before last results and over the next 2 weeks it varied from being a success to a loss,so I could have done it any time.

Definitely not selling this time.

Each to their own

Theaky

WHAT IS YOUR PROBLEM!!!

I have reported exactly what I said.

Anyone can see what happened after results day.

GO AND TRY AND GROW UP

2023

Results day 7 th Feb 6 th Feb sp £4.78

Results day 2 nd May 28 th April sp £5.34 ( Monday was bank holiday)

Results day 1 st August 31 st July sp £4.83

Results day 31 st October 30 th October sp ?

We are currently at almost £5.40 surely in less than 2 trading days till results we can manage to stay well above £5.

A good place to start a results lead rally?

Meanwhile, global oil supply has continued tightening despite record production by U.S. shale. The latest Energy Information Administration (EIA) weekly data was highly bullish with crude oil inventories falling 4.49 mb to 419.75 mb, taking the deficit below the five-year average to 20.91 mb. Crude oil inventories in the WTI pricing hub at Cushing, Oklahoma, fell 0.76 mb to a nine-year low of 21.01 mb. Meanwhile, gasoline inventories fell 2.37 mb to 223.90 mb, thereby cutting the surplus above the five-year average to just 0.40 mb. Implied demand improved significantly w/w, with total demand climbing 2.231 mb/d to 21.897 mb/d and gasoline demand rising 362 kb/d to 8.943 mb/d. Gasoline demand for October-to-date stands at 8.792 mb/d, a mere 0.2% Y/Y contraction and good for a sharp improvement from the 5.6% decline Recorded in September. Gasoline demand is 0.4% higher in the year-to-date.