Member Info for Neversellshell22

Hi trevstan,

Welcome to the mad house.

Friday club closes at 7.00am on Monday and is open on Sat and Sun.

Good luck with your investments.....

NSS

Im delighted we aren't doing any more in Iraq.

very unstable and corrupt....

Well we have crawled over £3.00 on a down oil day which is never a bad thing. See things different to Don’t Gavster as I hope we will push up from here but he has great experience so we shall see.

Slowly slowly things are not getting back to normal in the world but changing away from Covid. The world was expecting 1930s style unemployment but we have the greatest number of vacancies in my life time. As well as shortage this will bring unwelcome inflation...Scary times..

I saw the big demonstration at JP Morgan last week who are the biggest financiers of oil and gas companies in the world. So, the squeeze is really on for companies lending money and it will only get worse.

It’s a crazy time as if we stopped producing oil and gas tomorrow millions would die……

I’m very happy with BP and the fundamentals will always out…More cash being made, more profits than ever before coming up, new projects coming on line, Green projects slowly slowly coming to life…..

BP managements are very smart people and are ahead of most on this environmental stuff so I think it’s a transition time but the future looks good.

Sun shining and Happy Head on…….

Tip for the week: Go online and check your Government pension. You may be surprised…

https://www.nasdaq.com/articles/shell-rds.a-announces-plans-on-ev-charging-expansion-in-uk-2021-09-02

https://www.cnbc.com/2021/09/03/shell-looking-to-develop-floating-offshore-wind-farm-in-south-korea.html

https://www.rigzone.com/news/shell_commits_to_timi_investment-05-sep-2021-166345-article/

Good luck all........

2.87 Gavster-NBC
£2.93 Cesna
£2.94 Henrythecat
£2.95 Seen-it-done-it
£2.99 45Bob
£3.00 zac0_4
£3.02 Android
£3.03 Bugerov
£3.05 Jezzoo
£3.06 Grezzz
£3.09 Share-Ninja
£3.12 Grandadtom
£3.14 sb
£3.15 Robbyw
£3.22 NSS
£3.23 Jay111s
£3.33. Spights

https://oilprice.com/Energy/Crude-Oil/US-Oil-Rigs-See-Sharpest-One-Week-Decline-In-Over-A-Year.html

£3.22 NSS

Zac0-4

Well done sir…Share you thoughts dreams and aspirations with those less fortunate…

Have a good weekend all

Interesting….

Who is on the board of directors at Rosneft….

One Bernard Looney and a certain Bob Dudley…..

Q21 guidance
– Looking ahead, we expect third quarter reported upstream* production to be higher than the second quarter reflecting the completion of seasonal maintenance activity and the ramp-up of major projects. Within this, we expect production from oil production & operations to be higher.
– If COVID restrictions continue to ease, we expect higher product demand across our customer business in the third quarter. Realized refining margins are expected to improve slightly supported by stronger demand and wider North American heavy crude oil differentials. In Castrol, industry base oil and additive supply shortages are expected to continue.

I know we have to make payments until 2033 totalling over 20$ dollars.

I just wondered with cash flow being good at present if they could do a deal to reduce this and pay over 3 or 4 years…

Just Muzing…..

Just musing over the last quarters plans…..

Since outlining its new strategy a year ago, bp has made strong progress in its transformation to an IEC. It has delivered 8 major projects*, built a 21GW renewable pipeline, grown convenience and electrification, reorganized, reached over $10 billion of divestment proceeds, strengthened the financial frame and begun share buybacks.
• Four major projects began production in the second quarter – in India, Egypt, Angola and the Gulf of Mexico.
• bp has continued to significantly expand its renewables pipeline, buying a 9GW solar development pipeline in the US.
Lightsource bp also continued to expand, growing in Portugal, Spain, Greece and Australia. bp confirmed its intention to
bid for offshore wind leases in Scotland with EnBW and in Norway with Statkraft and Aker.
• bp opened the UK’s first fleet-dedicated EV rapid charging hub in London, the first of a series intended for cities across
Europe. In the US, bp agreed to take full ownership of the Thorntons business, which is expected to complete in the third quarter of 2021, positioning bp to be a leading convenience operator in the Midwest US.

2.88 0hMarko
£2.97 zac0_4
£2.99 Sigma1
£3.01 Cesna
£3.02 Rjb92
£3.03 Barbillyard
£3.04 seen_it_done_it
£3.06 Fox
£3.07 Bugerov
£3.08 Henrythecat
£3.09 Android
£3.10 Grezzz
£3.11 Stockready
£3.12 Emerald
£3.14 JPWilliams
£3.15 Robbyw
£3.17 plas
£3.16 Deb81e
£3.20 45Bob
£3.22 NSS
£3.23 JSB
£3.36 spight

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/090221-bp-says-no-obvious-major-damage-seen-at-us-gulf-of-mexico-platforms?utm_source=social&utm_medium=twitter&utm_term=plattsoil&utm_content=22f6bbb7-cb55-4708-8819-ff758d63de00&utm_campaign=hootsuitepost

"BP has no short term plans to get out of the oil industry . . ." maybe not to exit the oil business but they have stated that they intend to reduce output by 40% over the next 8 years.

And that is completely right…..

But what if companies that BP own shares in continue to produce a hell of a lot of oil.

How does Rosneft and Basra Oil fit into this ?

That’s not BP producing oil is it …..?

I’m fantastically positive about BP.

Any company that is throwing off billions and billions of pounds each quarter has to be doing well. Record profits for convenience stores, oil production increasing this quarter, new projects coming on line, oil above 70$ a barrel, Gas price at record high…

What not to like?

The Share price….

Here’s where I may differ from many. Whilst I am sure I could invest in more successful companies I simply don’t know where these are at present. Let face it if we knew more of the answers we wouldn’t be on these boards each day…

So, I’m happy to earn my 5% dividend with a very very confident glow that fundamentals will out over the mid and long term. Think about it if BP continue to produce their current profits only one thing can happen…The SP will always. Always has and always will…. Over time.

The whole world is against oil right now and we are all evil. What they forget is that if we stopped producing oil tomorrow most of them would literally die….

BP is greening and it’s a very quick journey with no certain destination as of yet.

I believe in Looney, his amazing team of scientist, engineers, entrepreneurs and Experts with their huge amount of knowledge, power and experience.

Me…I know nothing.

https://www.rigzone.com/news/wire/aker_bp_may_have_drilled_its_last_well_in_the_barents-30-aug-2021-166295-article/

New alarm clock needed.......

2.88 0hMarko
£2.97 zac0_4
£2.99 Sigma1
£3.01 Cesna
£3.02 Rjb92
£3.03 Barbillyard
£3.04 seen_it_done_it
£3.06 Fox
£3.07 Bugerov
£3.08 Henrythecat
£3.09 Android
£3.10 Grezzz
£3.11 Stockready
£3.12 Emerald
£3.14 JPWilliams
£3.15 Robbyw
£3.17 plas
£3.16 Deb81e
£3.20 45Bob
£3.22 NSS
£3.23 JSB
£3.36 spight