Member Info for NewKOTB

"I pray that shell uses the next hours to reconsider their dividend policy......"

I'm sure their on the case right now, esp after you have just posted.

As for yourself, sold out this morning yet still posting hoping your posts impact on a FTSE 100 SP ..... let us know when you are back in .... day traders, just luv 'em..... all be gone tomorrow, then appear on RDS Thursday....lol

pray ... lol

SmithyS2019, agree fully, financial engineering is as much of a companies wealth as almost anything else imo

"Majority of investors are selling regardless of the results..... "

So, prey tell, how do you know this !!

"That's why the shares are riding a rollercoaster today...."

2.5% swing ... hardly a rollercoster ... !!!

"I think its related to a resurgence of covid in India...."

Well, as that for a reason ...... lol

There are really some posters here today that need their AIM fix for sure ...

atb

Or the one at 261.5p !!!! as I say "notorious difficult to gauge.."

NB Re-posted as LSE is being 'difficult' again ..!!!

Or the one at 261.5p !!!! as I say "notorious difficult to gauge.."

Bp.or.not.2b,

Gap up is the opening of stock price higher than the previous day trading range. BP high yesterday was ~297.45p with opening ~306.24p, thus the gap. You need to google candlestick gaps, plenty of stuff out there .... Most trading platform provide this information, just a case of finding and using it. Gaps can be notorious difficult to gauge so be careful how you use your new found knowledge.

atb

0hmarko,

"plan no1 must be..no Debt at all" ....

Disagree, never been easier to service debt so companies need to make use of this 'free' money as much as possible, but it still needs to be proportional ... at >50% to MCap this was not the case, hence the drive to reduce. I would imagine circa ~20% debt to equity or around £15bn would be our aim for 2022/2023. That would put us in great shape to forge forward with our transformation into a world leading energy company.

aimo

What you have to remember is how low this actually went ..... 25 year low .... and those who were driving this down are the ones still riding this up.... fully 'managed' SP imo

Gap now sorted .... allow for order book to settle, then rise to continue today.

Just added a few more.

atb

Gap to close, then nice steady climb aided by RDS results to re-enforce our performance too, while we make our way to Ex-DIV day ..... de-rampers know a company in full recovery mode and want in as low as possible, simple as that.

This week should be the last time we will see sub 300p.

aimo

Great set of results and shows BP are now on the road to full recovery and as such its SP .... but today's SP so far, is muted too say the least, so why. My take is that M&A may well be on the cards in earnest now, as it has been for sometime ..... give it no more than 6-9 months to see movement on this front. Accumulate, hold and take the DRIP dividends then REAP THE REWARDS.

aimo

legache,

Quote, "I have spent the last few sessions session out my pretty substantial position..."

lol ....... are you still out then !!!

Your effort only worth a score of 1/10 ....

Although clearly you can not add physical reserves, you can improve your working field recovery potential and our recent CPR's have identified ......

"Updated independent audit of field reserves reported Serica's share of estimated remaining 2P reserves as 61.0 million boe as at 1 January 2021: Approximate 12% increase over the 62.3 million boe reported as at 1 January 2020, after adjustment for 2020 production... "

"Successful completion of the Rhum R3 workover is expected to accelerate field production, with the potential to bring additional reserves into the commercial lifespan of the field and to provide operational back-up to the existing two wells..."

"The latest independent report of reserves, compiled by RISC Advisory, estimated Rhum 2P reserves of 35.1 million boe net to Serica as at 1 January 2021 (2020: 28.7 million boe). The significant increase after adjustment for 2020 production demonstrates Serica's progress in extending projected field life and adding to recoverable reserves...."

"Additional data from Rhum caused a revision to in-place gas which resulted in a material increase to the recoverable reserve estimate for the field..."

aimo & dyor

Jaseham,

Don't assume I don't know what your game is .......

Quote "I have been out with the majority of my cash since the spike a few weeks back, will go in with some at 1.09 and the rest if it hits 103....."

jaseham,

Think you need to read both the EoY results and recent presentation.... 2/10 for effort though.

Upomega,

"Last year i would have welcomed a takeover but not so sure now with three major events occurring during the next eight months...."

Therein lies the dilemma ..... leave it much longer than now and with willingness to sell falls away, conversely, so does the attractiveness of SQZ to an acquirer. You have to reach the sweet-spot for both buyer and seller, has to be something in it for both parties ... for me that sweet-spot is R3 flowing.

Come August / September, if status quo continues, I will be back firmly in the ' lets reap our rewards' camp, and get Columbus online and bath under the waterfall of receivable cash generated from our 100% BKR et al. We are then positioning ourselves in early 2022 to drill Eigg, a possible Rhum Mk2. Then for sure we will either acquire another asset or even a special dividend to return excess cash to SH. Plus, there is no way our SP come Q1 2022 will be anywhere around the 120p its be stagnating at for the past 3 years, although it will still struggle to reflect SQZ's true value.

All eyes are on R3 atm imo....

aimo & dyor

Upomega,

"Maybe they had a plan all along to embed bkr . Develop r3 and columbus before selling the business.. it certainly is going to look very attractive at year end to someone..."

That is more than plausible, given any company worth its salt would have a 3-5 Year Strategic Business Plan, BKR deal was November 2017 and structure of the said deal would timeline nicely !

Could also explain the 'need' for Kiosk Kate announcement as part of our results and not separately, plus the lack of M&A activity that may well of altered the 'master plan' as it would need to be on our terms.

We all know our BoD are no longer Spring chickens and we have several major shareholders that appear to be happy to hold, even though our SP has made no progress for virtually 3 years now ....

So why continue to be supportive and hold !!

Is it for the dividend, given we are in effect net zero in gains over the last 3 years vs inflation, no, so once again, why !

Upomega, if it has always been our BoD intention to sell after bedding in BKR et al, then lets hope they can get the deal over the line shortly and reward SH's with a deal that represents fair value ~217p. Then absolutely, kudos goes to our BoD for their excellent operational and strategic business planning and execution.

aimo & dyor

QC,

"The problem with SQZ has always been that they are not proficient financial engineers.."

We have agreed on this point previously, SQZ are still attuned to financial engineering akin to Model T Ford, where as AA is more than equipped to match the requirements of Tesla Model Y.

As for Kiosk Kate, so far has proved to be a disappointment, OK Covid has more than likely hampered any progress, but all O&G are in the same boat, yet many have made progress on M&A front.... so you have to start to question, was this a job for the boys, or a real business need ?

As for "rabbit out of the hat ....", think it's been in there so long its probably got rickets !

I'm looking for an exit strategy for SQZ full sale as it's clear our BoD are 'old skool' in terms of dynamics as ably highlighted by AA and others alike.
With our revenue / profits set to reach all time record high for 2022 and possibly 2021 too, there is certain to be 'interest' in our company..... as mentioned before, Viaro is my front-runner, but at this point, any approach will do me, my worry is ACW et al will want top dollar for us ... nothing wrong with that ... but as mentioned, hydrocarbon businesses are facing ever increasing headwinds. Get R3 flowing and sell ..... fair value ~217p, Hardy's et al would be happy with that imo, I would !

aimo & dyor

Naysayer's out in force today .... lol .... looking good for next week ....aimo

450p ... is a fully reachable target imo.

BP's net zero 2050 ambition will be shown to be forward thinking in as much as it was a market 'shock' last year. Headwinds are growing, with the US yesterday announcing major ambitions on emissions too. We have two very appealing gaps above us, the first at 394p and the other at 451p. With POO and Nat Gas pricing looking to be on par with 2019, it will all come down to the figures and looking at Q4 2020, I fully expect each quarter of 2021 to outperform market expectations. Don't forget, 2016 was the last time we were held below 450p, excluding last year of course. Commodities super cycle is upon us, world demand is set to increase enormously, BP will be a major part of the energy solution, both in terms of green and traditional.

BP have barely recovered off it's 25 year low ... plenty of headroom left afaic. Wouldn't be surprised to see us at +650p during 2024/25 either.

PS Don't forget the 'talk' last year of M&A which is sure to surface again too.

aimo & dyor