Member Info for Neversellshell22

It’s the same with most UK oilers at the moment....

Have we beaten Covid yet.....No

Are things back to normal....No

Will we beat at some stage ....Yes.

Will BP get back to £5....Yes.....

Time and patience needed here and all oilers........

Firstly could there be any benefit for BP in any scenario where it would suit or help the company in the short term??

Secondly no doubt that Dudley was a good CEO but the business model was simply cut and paste. Find oil cheap and flog it. At some stage every oil company in the world will have to move on from oil. The same as they are slowly with coal. The question is what is it best to move on to???

Sorry,

You didnt make it clear it was someone elses comment.

According to this report we are using 96 million barrels per day so not much down from early 2020.

Im a big fan of Shell and BP and short and mid term I am very very confident.....Covid excepting....

https://www.eia.gov/outlooks/steo/report/global_oil.php

https://oilprice.com/Energy/Crude-Oil/Shell-To-Exhaust-Dwindling-Oil-Gas-Reserves-By-2040.html

Thanks Smithy,

So what are Options and what do they do ?

From gwatson56 on ADVN

"BP options expiry is 16/4 in the US. "

Can someone explain what options are and how they work please ?

Your artificially high comment might be right but we are using a lot of oil so dont quite agree on that..

These companies basicially have to create a new business model as their product is no longer needed in the very long term and there are long lead in times etc...

The question is which should be the major project in the long term to nail their colours to. Currently its a bit scatter gun with a foot in all camps. One thing I guess when it all settles down their will be less risk with these companies.

Could still be a great investment certainly short term....

Thats Comonsence....(sorry)

Its unlikely they will upgrade their value but as you say the assets and the whole companyis cheap at the moment.

I think the problem with BP and Shell is the Unknown.

Basicially the products they sell log term are finished. And even though this might be 30-50 years in total the whole business model is changing. So it seen as more of a risky investment as no one really knows which green model will be most profitable and there is huge uncertainty....

Just my opinion.....

I wonder if we will off load this field now.....

https://www.bbc.co.uk/news/uk-scotland-north-east-orkney-shetland-56746915

Thanks Barriepov,

Cant see why they wont have covered their dividend at oil over 60$ all quarter. I know our gas isnt cutting the mustard but we have great oil assets....And the trading always helps....

Why do you think for 1 second this will drift back to 294.

Oil is down 0.5%
We are down 0.75%

Love to know your logic.....

https://uk.sports.yahoo.com/news/shell-plays-down-risk-stranded-084517697.html

Can you explain thats a bit more with some numbers .....I dont quite get it

Thats what I feel Smithy.

Why oh why would you give 60% of profit back to share holders when its the perfect time for investing in the company green future....

Shell have said
"Once we have reduced net debt to $65 billion, we will look to further
increase total shareholder distributions. Through progressive dividend and
share buybacks, we are targeting total distributions to shareholders of
20-30% of our cash flow from operations. We will also seek to increase
capital spending in a disciplined way."

BP have said
"On reaching this net debt target, bp is committed to returning at least 60% of surplus cash flow to shareholders by way of share buybacks, subject to maintaining a strong investment grade credit rating."

Does that seem a major difference ?????

"Once we have reduced net debt to $65 billion, we will look to further
increase total shareholder distributions. Through progressive dividend and
share buybacks, we are targeting total distributions to shareholders of
20-30% of our cash flow from operations. We will also seek to increase
capital spending in a disciplined way."

BP have said
"On reaching this net debt target, bp is committed to returning at least 60% of surplus cash flow to shareholders by way of share buybacks, subject to maintaining a strong investment grade credit rating."

Does that seem a major difference ?????

https://www.shell.com/promos/energy-and-innovation/shell-energy-transition-strategy/_jcr_content.stream/1618407326759/7c3d5b317351891d2383b3e9f1e511997e516639/shell-energy-transition-strategy-2021.pdf

https://environmentalintegrity.org/news/federal-judge-holds-bp-liable-for-years-of-air-pollution-violations-at-refinery-on-lake-michigan/

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https://finance.yahoo.com/news/bp-stock-buy-sell-141839829.html