Member Info for Neversellshell22

I agree with you Smithy.

Apart from a Black swan events I cant see where BP can go wrong.

THE green new future was sung from the roof tops but financed from below the knees so plenty of money for new fields extension where they bring value...

Steady as she goes.....

Just bought another 10k at £3.00006..Al those noughts lol.

Thought I had better get in before the Yanks arrived.

Time will tell....

Are post going missing again ?

Reflecting the delivery of disposal proceeds and the very strong business performance in the first quarter 2021, driven by trading, the price environment and resilient operations, bp now expects to have reached its net debt target of $35 billion during the first quarter 2021.

Most of this money has come from asset sales although Bernard states very strong business performance....

So where to today....

Anything near or over £3 would be great....

Great way to start a Monday....

Always confident of BP but confirmation is always welcome....

https://oilprice.com/Energy/Energy-General/OPECs-Surprise-Decision-Bodes-Well-For-Oil-Demand.html

Flood the market........Really......

Come on keep it honest here.....

I’ve been in some exciting shares in my time but there is mass hysteria on the 88 board with nearly 500 post today...

Very very rarely do these things come off but I wish them all good luck. And hope they are not being had....

Good luck fellow oilers.....

Exploration,

Thats some summary....

Thank you very much......

Which of BP major projects is the most financially beneficial to us do you think?

Sounds like a shed load of gas. Hopefully as more and more gas comes online it won't be over produced and the price plummet.....

Does anyone know Shells breakeven price for oil....

Looking for a decent set of results coming up.....

End of year £16 would be a good result.

Any thoughts?

Definitely not.

You will see 550-600.

It just depends on your timescale.....

I’m very optimistic on £4 by end of year.....Anything else will require a very quick ending of Covid which I don’t see yet.....

So for me it’s all ducks lined up and BP going in the right direction....

Anyone not looking into green/renewables is a fool. It’s what the world is guiding towards and many big finance houses will reduce their loans to fossil fuel only companies.

BP have already said they expect oil and gas production to increase in the near term before falling away.

They are investing in some green projects but this is presently a small part of their investments...

Do you remember Betamax verses VHS....Well that’s the same with the energy transition....Lots of horses in the race and no one certain which will make the most money....carbon credits, wind, wave, solar, hydrogen, pick your colour, nuclear...

.Don’t forget it will be 20 years before we ween some countries off coal...And parts of other countries which only now have rising incomes and can afford cars.....India and China....so many large countries are at different places in the journey.

So there is one hell of a lot of runners and riders.....Should be an interesting race....

Go on BP my beauty....You pays your money and makes your choice.....l

https://finance.yahoo.com/news/billionaire-ken-fisher-top-10-144554445.html?.tsrc=rss

Gas price in India is at an all time low...

That’s not helpful..

https://www.business-standard.com/article/companies/ril-bp-seek-buyers-for-5-5-mn-standard-cubic-meters-per-day-gas-from-kg-d6-121040400280_1.html

So they drilled in approx 800 feet and drilled to 7200 feet....

Talk about impressive....

I would imagine that would cost a bit to get out...

Any geooligist about...?

https://simplywall.st/stocks/gb/energy/lse-bp./bp-shares/news/is-bp-lonbp-using-too-much-debt

Based on what BP and others have said its the opposite.

The profit is less and the initial cost are much much more.

In time depending on your market share or specific are however there will still be great profits and not as much risk when a technology has been established....

And in Germany.....

https://www.bp.com/en/global/corporate/news-and-insights/press-releases/aral-accelerates-ultra-fast-charging-expansion.html

In fact it has been a very very busy quarter......

Started direct gas supply in China

https://www.bp.com/en/global/corporate/news-and-insights/press-releases/bp-completes-integrated-gas-value-chain-in-china-with-delivery-of-lng-for-downstream-customers.html

First ever autonomous vehicle trial at energy site
https://www.bp.com/en/global/corporate/news-and-insights/press-releases/bp-and-oxbotica-complete-industry-first-autonomous-vehicle-trial-at-german-refinery.html

Buys into solar energy project in Spain

https://www.bp.com/en/global/corporate/news-and-insights/press-releases/lightsource-bp-secures-a-new-845mw-pipeline-in-spain.html

Launches Aral Pulse brand

https://www.bp.com/en/global/corporate/news-and-insights/press-releases/aral-accelerates-ultra-fast-charging-expansion.html

Announces biggest UK Hydrogen plant...

https://www.bp.com/en/global/corporate/news-and-insights/press-releases/bp-plans-uks-largest-hydrogen-project.html

3 months.......Not bad.....