Member Info for Neversellshell22

BP is surely a mixed bag company which is in my opinion a great thing...A bit of oil, a but more gas and more renewables....

On finance, paying down debt, Increase dividends, Share Buy backs and invest as much as possible on gas and Renewables...

Simple......

The world is short of oil.

We produce oil and can increase production.

Prices are at the highest for years..

Simple as that....

Given our loss of Rosneft we might be looking for some new production...If so where could this come from...Well to be honest there are many many countries....I'll start with this one...

USA...We own vast areas of Texas and Louisiana...We have already increased our spending from 1$ Billion to 1..5$ Billion this year but we could press the pedal and increase much much more......

And don't forget we could stop our divestments now ???

YOUR TURN......

https://www.proactiveinvestors.co.uk/companies/news/976558/shell-and-bp-are-best-picks-as-oil-heads-towards-new-supercycle-suggests-jp-morgan-976558.html

This looks like good business for us.....

https://www.energyvoice.com/oilandgas/north-sea/394793/iog-to-sell-saturn-banks-gas-to-bp-after-axing-gazprom-deal/

Whilst there is a lot of noise from many about selling at the moment I aren't going anywhere. First believe the fundamental that always come through in the end. Its all about the Money Honey !!!

BP is a money making machine...

BP has gone early into Renewables and this could pay off handsomely.

BP has amazing assets around the world including GOM, Iraq and USA to name just 3 plus many many other countries that we produce from. We also have one of the largest convenience business in the world and not forgetting our huge charging business world wide.

Yes Rosneft was a kick in the guts but we may still get a decent price for it...They have huge production and potential so it is an amazing investment for the right people....Yes the dividend needs to be better but that has to be done at the right time.

The market is cold on BP at the moment due to the above uncertainty, our Renewable plan and the uncertainty of the market in general.

Yes BP owes us plenty but I'm very confident that it will pay off in time....However.....

WTFDIK.....

NSS

Commenting on its move, Shell said it was forced to buy oil from Russia in order to maintain timely supplies of fuel to Europe.

The firm said it remains "appalled by the war in Ukraine" and has stopped most activities involving Russian oil, but it added the situation with supplies is "highly complex".

Russian oil currently makes up about 8% of Shell's working supplies. One of the firm's refineries, which produces diesel and petrol and other products, is also among the biggest in Europe.

"To be clear, without an uninterrupted supply of crude oil to refineries, the energy industry cannot assure continued provision of essential products to people across Europe over the weeks ahead," a spokesperson said.

"Cargoes from alternative sources would not have arrived in time to avoid disruptions to market supply.

"We didn't take this decision lightly and we understand the strength of feeling around it."

The firm also said that it will try to choose alternatives to Russian oil "wherever possible", and that profits from Russian oil will go to a dedicated fund aimed at helping people in Ukraine.

Oil now 138$ per barrel

It was a statement put out by Shell.

Still struggling to understand the Thursday and Friday falls of BP and Shell.

Especially given all the USA companies did the opposite…

Was it just fund selling which caused it…..???

If not why then….??

Here’s to a peaceful week and better week for all

Think it’s worth bearing in mind that they bought this after discussions with UK government.

Just saying there are 2 sides to every story and there seems to have been a genuine need for this oil …..

I know it’s a long term project but I wonder if Shell might consider buying all the minnows and going for it here.

RKH, B&S and the other…..

Plenty of reserves as long as no Argentine issues….

Having said that there seems to be plenty of options and we may just stick with the plan…

Dont think Ive ever looked at my shares before and not enjoyed them rising.....

Very sad times for all of the world and I don't think our problems have even started yet.....

Here's to a ceasefire and some peace for Ukraine....

Just wondering where BP might get extrta production from now. I know we only collected a dividend but its still basically production and reserves for us.

One option is to open the taps in USA.

Also would we consider working in Iraq again ?

https://www.rechargenews.com/wind/significant-step-shell-grows-onshore-wind-footprint-with-stake-in-giga-scale-australian/2-1-1176193

I would imagine they have gone great guns today. Not sure what the maximum is per day (Did I read 20% of volume) but they will push as many as possible....

Didn't have a clue how things would pan out today but hoped for between 5-10% down so happy where we are and very confident we will push on from here after.....

Had quite a few around those prices but still think this has further to go in time, especially with the amount of debt being paid down, Buybacks and oil and Gas price....

Who knows ?????

Hopefully peace talks to lead to something but Im not confident as I cant see any way for Russia to save face to the world.....

Bought at the bell thgius morning ....£20.13

Spot on with my timings as always....

Cancelled this week.....

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