Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Gingy
There are no silly questions.
You sometimes get surprised with the knowledge people have.
If you never ask you never find out.
The worst I have seen professionally is people who felt they could not ask a certain question,and then could never ask later because by then they really should know,and not knowing would not look good on them.
“There are things we know.
Things we don’t know.
And things we don’t know that we don’t know”
Gingy
That’s way beyond my pay grade.
I mainly look for patterns after the event.
But mostly in oil and BP.
My own thoughts would be it will be delayed a couple of months, but that is totally a guess.
Gingy
Think it looks like US cpi coming in higher than expected spooked the markets.
DOW down 400 points.( higher interest rates for longer as inflation may be back)
Oil took a quick tumble ,but already is showing strength again.
Last year an excuse like this would have been used to take oil, and then BP down.
Think now finally the penny has dropped that it’s OPEC that’s in charge of oil prices.
Wolfiebill
This might interest you,( or some others also)
https://globalsyngas.org/wp-content/conference-presentations/2020/2020-w2-d1-m2-JM-BP-Presentation.pdf
Morning Spights
Sundays the annual family holiday to Torremolinos.
So on countdown.
Sp finally appears to have some connections to oil price.
Sp about 10% of 52 week high, oil price about 5% off 52 week high.
Think the Shell US rumours have also helped.
Onward and Upwards
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
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.