Member Info for Neversellshell22

Well it’s our turn tomorrow.

Everything about Shell seems to have gone to sleep which may not be a bad thing....

Fingers crossed for some Fireworks...

Yep,

BP are like a patchwork quilt slowly being put together....

he is expecting returns of 8-10% per year....

depending on how much we invest thats still not to shabby a number.....

6$ Billion from operations....

5$ Billion from Divestments....

So after taking the divestments away which we wont have production from going forward the results arent so sunny.....

He is selling the strategy as well as he can.....Lets hope he is right and can take investors with him in time......

https://www.youtube.com/watch?v=jRwtO6cpcN4

To my hearing the results were simply fantastic…… however......

Many many much wiser people than me weren’t at all impressed.

Why was this?

It has to be to do with the strategy and the much lower returns on capital...... if they are successful and can be scaled up.

The bulk of the presentation was about new energies and apart from Mad Dog we don’t seen to have much excitement going on our exploration stage.

I don’t know but can only think major investors and institutions are concerned about where BP are going which to some degree is unknown and unproven. It’s a bit all over the shop with some wind, solar, retail, power, hydrogen, gas and oil and a few other bits thrown in.

Don’t get me wrong I don’t know what how he could move forward differently but I think this may be what is holding the SP back but Shell may suffer the same fate tomorrow.

Any thoughts??

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DarrenBuffer £2.80
Windows345 £2.89
Argentagold £2.94
BoBetts £2.98
0hmarko £2.99
Barnsey86 £3.20

Seen_it_done_it £3.05
cw1966 £3.06
Android301 £3.08
Scaredy-cat £3.09
Oystercatcher £3.09
jackdawsson £3.11
Notsolucky £3.12
Weirdpal £3.13
Cornishtrader8 £3.14
Lowboy45 £3.16
Clever thoughts £3.17
pastyc £3.16
MarkGo £3.17
robbyw £3.18
Rhino2k £3.19
Smithys2019 £3.20
Slarti-b £3.22
Moneyboy5000 - £3.22
rjb £3.23
Procul60 £3.24
gulfharbour £3.25
wheremymoneygone £3.26
MRLOLOL £3.27
KPMAN £3.28
Investingnewb 3.28
BP.or.notBP £3.29
Caitlin1 £3.29
tommyclark £3.30
sharefall £3.30
Toffeeman1975 £3.32
PURPLEINVESTOR £3.33
Gavster-NBC £3.33
Nealhollenbery £3.33
Cosm £3.35
Actfirst £3.36
NSS £3.40
Steve Carter £3.40
slarti_bartfast £3.45
Ratherbelucky £3.46
Razu £3.47
jonnyboy999 £3.48
Android101 £3.49
Spights £3.50

DarrenBuffer £2.80
Windows345 £2.89
Argentagold £2.94
BoBetts £2.98
0hmarko £2.99
Seen_it_done_it £3.05
cw1966 £3.06
Android301 £3.08
Scaredy-cat £3.09
Oystercatcher £3.09
jackdawsson £3.11
Notsolucky £3.12
Weirdpal £3.13
Cornishtrader8 £3.14
Lowboy45 £3.16
Clever thoughts £3.17
pastyc £3.16
MarkGo £3.17
robbyw £3.18
Rhino2k £3.19
Smithys2019 £3.20
Slarti-b £3.22
Moneyboy5000 - £3.22
rjb £3.23
Procul60 £3.24
gulfharbour £3.25
wheremymoneygone £3.26
MRLOLOL £3.27
KPMAN £3.28
Investingnewb 3.28
BP.or.notBP £3.29
Caitlin1 £3.29
tommyclark £3.30
sharefall £3.30
Toffeeman1975 £3.32
PURPLEINVESTOR £3.33
Gavster-NBC £3.33
Nealhollenbery £3.33
Cosm £3.35
Actfirst £3.36
NSS £3.40
Steve Carter £3.40
slarti_bartfast £3.45
Ratherbelucky £3.46
Razu £3.47
jonnyboy999 £3.48
Android101 £3.49
Spights £3.50

0hmarko £2.99
Lowboy45 £3.16
pastyc £3.16
MarkGo £3.17
robbyw £3.18
Smithys2019 £3.20
Moneyboy5000 - £3.22
rjb £3.23
Procul60 £3.24
gulfharbour £3.25
wheremymoneygone £3.26
MRLOLOL £3.27
KPMAN £3.28
Investingnewb 3.28
BP.or.notBP £3.29
Caitlin1 £3.29
tommyclark £3.30
sharefall £3.30
Toffeeman1975 £3.32
PURPLEINVESTOR £3.33
Gavster-NBC £3.33
Nealhollenbery £3.33
Cosm £3.35
Actfirst £3.36
NSS £3.40
Steve Carter £3.40
slarti_bartfast £3.45
Ratherbelucky £3.46
Razu £3.47
jonnyboy999 £3.48
Android101 £3.49
Spights £3.50
Schmoky £3.75
House of Gold £4.00

https://www.energyvoice.com/oilandgas/africa/ep-africa/317803/bp-raven-egypt-wnd/

Why ?

When you type BP Investors into Google Shell comes at the top of the list.......

How bizarre......

Recent buyback activity
The company bought back and cancelled 120,057,464 shares in 2020,
at a cost of $776,173,932 (including transaction costs), representing
0.59% of bp’s issued share capital, excluding shares held in treasury,
on 31 December 2020. The company operated share buyback and
cancellation in order to reduce the issued share capital of the company.
Information about resolution 11
Authority is sought in resolution 11 to purchase up to 10% of the issued
ordinary share capital of the company (excluding treasury shares),
continuing the authority granted by shareholders at previous annual
general meetings.
Resolution 11 specifies the maximum number of shares that may be
purchased and the minimum and maximum prices at which they may
be bought.
For information, as at 25 February 2021, there were options outstanding
over 36,697,554 ordinary shares, representing 0.18% of the company’s
issued ordinary share capital (excluding treasury shares). If the authority
given by resolution 11 were to be fully used, in addition to the authority
that currently exists, these would then represent 0.20% of the company’s
issued ordinary share capital (excluding treasury shares).
The company has no warrants in issue in relation to its shares.
The authority will expire at the conclusion of the annual general meeting
in 2022 or on 12 August 2022, whichever is the earlier.

Am I reading this correctly.

The financial bit of the 2021-23 share awards will be based on a share price from April to June 2021.

So I guess the current SP playing into the managements favour regarding their future bonus ?

https://www.fidelity.co.uk/markets-insights/investing-ideas/shares/how-bp-engineered-slick-turnaround-after-catastrophic-year/

So both BP and Shell down 3%. Not the biggest ticket in the world ..more suprising than anything.

Was at Gordano Services today where there were 20 electric power chargers......And about 300 cars.....Long way to go....

All markets are a bit schizophrenia at the moment. Covid beat, no its not yes it is...etc.....

Oil will rise, it will fall.

BP Green strategy is maddness, brilliant, doomed to fail, The way forward......

So its no wonder we are just in cruise mode at the moment.....

Show me the money....Thats what I want.......

If we deliver as good a results as I expect next week, with robust future expectations, decent dividend and also buy backs that will add a bit of stability to our price and should move us into a much more positive position.....

Same with Shell hopefully on Thursday......

Hes to The Beers.......Cheers....

Whilst I’m not concerned long term or even mid term I am very suprised that oilers aren’t doing better with oil over 65$ a barrel.

One thing to great comfort from is that most oilers are in the same boat.

Therefore when the good one start throwing off the cash and I believe BP is one of them we should all be rewarded handsomely...

Good luck to all those fortunate enough to get in at this bargain price.....Count your Blessing and your dividends.......

Great explanation..

Thank you......

Oil down nearly 2% but BP still up in USA...

https://www.lse.co.uk/news/broker-ratings-deutsche-bank-starts-coverage-on-bp-and-shell-at-buy-ywpleetxykesdrt.html

Can someone explain what these contracts are all about please...