Member Info for meoryou

I just assume that if they were any good they would be so rich they wouldn’t have to work.

And since they still work they can’t really be much good.

The only time I find them useful is when they actually ask an interesting question at earnings call time.

Afternoon Mark

Another couple of excellent posts.

Think we may be no longer becalmed,and starting to get a tail of wind.

Inflation,Interest Rates, and a recession are the issues going forward, and they seem less scary than even a month ago.

Oil fundamentals look very strong.

I’m expecting the BPX business to do really well this set of results, as they were increasing take off capacity’s, and had 1 of 3 new systems in place at last results with 2 more to follow closely.Product( oil and gas) was already ready to take advantage of this extra take off capacity.

Onwards and Upwards

Spights

You would hope the people doing the buybacks can also see that pattern and take advantage of it.

Buyback volume slowly drifting down as we come to the end of this set.

Ready to reinvigorate on results day.

Https://oilprice.com/Energy/Energy-General/Oil-Major-BP-Navigating-Geopolitical-Uncertainty.html

BP PLC stands out as the market leader in the UK lubricants industry.

Shell, although not currently in the leading position, showcases visionary qualities within the industry.

BP PLC's strengths lie in investing in new technologies, building a network of trusted workshops, and on the other hand, Shell's strengths include its experience in the chemical industry and research into eco-friendly energy substitutes.

According to Ken Research, if Shell expands its focus to include diverse lubricant offerings and strengthens its R&D capabilities and geographical presence, it has the potential to challenge and surpass BP PLC in the UK lubricants market in the coming years.

BP PLC, a prominent player in the UK lubricants market, has established itself as a market leader with its strong market presence and recognized brand name. On the other hand, Shell, while not currently holding the leading position, showcases visionary qualities within the industry. Both companies demonstrate their strengths in research and development (R&D) and geographical presence.

Mark

No problems here

You have to remember also that in many cases ,

The employees who are looking to retain an antiquated, broken, costly defined benefit pension scheme at the detriment to the company,are also in fact shareholders.

So the will see both sides of the coin, but obviously look to retain something which they see as theirs.

Exploration

Sounds like we got ourself a mutiny.

You appear to have good sources for your info

The total number of active drilling rigs in the United States fell by 6 this week, according to new data from Baker Hughes published Friday.

The total rig count fell to 669 this week. So far this year, Baker Hughes has estimated a loss of more than 100 active drilling rigs. This week’s count is also 406 fewer rigs than the rig count at the beginning of 2019, prior to the pandemic.

Mark

I’m sure we are all in agreement that this set of results will not be stunning,although BP has a track record for surprise on the up side.

I also think that although starting to give some financial info on the renewables,will be of interest,particularly to us private investors.

Unless there is some part doing really well, it will really be in a years time when they can be compared that they may finally add value.

For sp

It’s the size of the div, and the size of the buybacks that will probably be the main driver.

Will they follow Shell.

Total of 6,465,793 of BPs ordinary shares

So number of buybacks slowly dropping as we near the end of this buyback cycle.

Positively sp still going in right direction.

Maybe 6,000,000 is enough to help sp upwards

And 4,000,000 is to little to really help sp upwards

Or else it’s all about only the oil price ( and the £/$ rate as well)

Hi all

BP has a habit of going through these nothing to report phases,then unexpected another deal is announced.They are very good at keeping the next deal out of the news until it’s time to announce it.

It’s easy when sp is rising to get sucked into spending too much time on here.

Much better life balance when we pop in and out, unless it’s raining.

Morning Spights

It’s a quiet board this morning .

Results day almost within touching , 11 sleeps to go.

Really need some good news to keep this slow grind upwards.

Did wonder if Exxon purchase of a carbon capture firm for $4.9 billion might start to assign value to some of the green stuff BP do, but no such luck.

Onward and Upwards … to £5 and beyond

And then maybe WTI oil price bounces back positive

Https://oilprice.com/Energy/Crude-Oil/WTI-Drops-Despite-Crude-Inventory-Draw.html

Https://www.bp.com/en/global/corporate/what-we-do/customers-and-products/decarbonizing-transport.html

Https://www.marketbeat.com/instant-alerts/nyse-hln-sec-filing-2023-07-19/

WP

the 2 companies have already got a track record of working together

They have a joint bid in for 50% of NewMed energy of Israeli

bp and ADNOC intend to form a new joint venture that will be focused on gas development in international areas of mutual interest including the East Mediterranean. This proposed transaction with NewMed Energy would be a significant first step in establishing this dynamic joint venture together with ADNOC.

BP and ADNOC and Masdar in September 2021 agreed on a strategic partnership for clean energy solutions in the UK and UAE, including the intention to work together to develop low carbon hydrogen hubs, such as at Teesside.

27.05.2022 - Building on agreements signed last September, BP, Abu Dhabi National Oil Co (ADNOC) and Masdar have inked further agreements to progress their partnerships on blue and green hydrogen projects in both the UK and United Arab Emirates (UAE).

I think this very much is a developing partnership,but whither it turns into something more is harder to read.

The general mood in oil and stock markets does appear to have improved lately,Until the next reason comes along to , Throw the baby out with the bath water

No release from SPR. That’s good

Gasoline draw of 2.8 million barrels again that’s good.

Crude draw off of 797,000 barrels is okay.

Inventory at Cushing fell by 3,000,000 barrels again that’s good

See what tomorrows report can add

Hi Spights

I found that extra interesting as BP and ADNOC tendered to purchase 50% of NewMed Energy March 29 th.

So they may end up owning 75% of any discoveries.

Although information on the acquisition progress is hard to find.