Member Info for NewKOTB

YoY, BP is the 4th worst FTSE performer, only TUI, IAG and Carnival performance is poorer and to be fair, those 3 you would expect, but BP ..... come on !

So, am I right in saying, all sales proceeds therefore would go straight to the bottom line ..... if so, a few billion addition profit would make sure Glasenberg goes out on a high, does he really want to leave it to the next man ?

"that uncertainty over regulation and its pension deficit would help protect the telecoms group from any takeover threat ......"

Could be the reason behind the negative press atm too (although counter productive as far as our SP is concerned), originating from GS maybe, who knows what games are afoot. All I know is atm BT is a buying opportunity for a lth imo.

atg,

"Without huge investment it has no value.." bit of a weird statement as extraction of all commodities require huge investment. The balance is drawn upon the ROI ..... The ZIOP will provide the new owner a massive returns for +30 years.

Also, in terms of investment its not always measured in $$, strategic to name but another.

In my view, ZIOP can offer both.

Probably more to do with him banging Trumps political drum in the eyes of conservative Catholics on the run up to election imo, nothing more.

Religion and Politics never a good mix .....

As for BP, hanging in there today, so all good in the world. :-)

atb

bernithebiker,

Exactly, too many think BP's SP should be intrinsically linked to the performance of POO and has been used to weaponise the market against BP.

Far more complicated business than vast majority of investors realise which, I too have pointed out on several occasion.

Been adding constantly over the past few months and will continue to do so. The reason why our SP has been hammered, is the market knows BP will be throwing off cash like there is no tomorrow in the very near future and will been seen as one of the major forces in the energy market once more.

atb

fleccy,

"I did wonder how they'd attempt to explain away yesterday's skulduggery..."

I would have thought BT PR office would have been straight on the case yesterday ..... so the paper today, under pressure from BT, issued an 'apology' of sort in the form of an excuse. aimo

Yet still able to make £1bn profit....

Blue, Blue, Blue, Blue, Blue, Blue, Blue, Blue, Blue, Blue ..... come on, you all know the chorus ...

Blue, Blue, Blue, Blue, Blue, Blue, Blue, Blue, Blue, Blue ..... oh beautiful BLUE

Whoever wants in is not ready to let her go quite yet !

Unbelievable pullback today given the RNS.

Added more and will continue to do so on weakness.

atb

BP today announced a quarterly dividend of 5.25 cents per ordinary share ($0.315 per ADS), which is expected to be paid on 18 December 2020. The corresponding amount in sterling will be announced on 7 December 2020. See page 24 for more information.

https://www.lse.co.uk/rns/BP./3q20-part-1-of-1-stxzstt2oaydbh8.html

Move into December gas futures tomorrow, currently at 42.450p/therm, that's circa +420% up from low earlier in the year.

atb

Value Hunters Moving In across the board.

I hear BP's SP is soon to be number 1 attraction at 'Ripley's Believe It or Not!'

leas, not too unlike Trump, people easily dismiss Covid until that is .... it arrives on their doorstep.

Keep safe.

As for BP .... the insanity continues.

atb

How about this for a thought ....

We know that SQZ are actively assessing opportunities on the UKCS, but also they stated that should there be a deal elsewhere then SQZ are open for business.

Now we know that Mitch previously worked for Circle Oil who had assets in, amongst other places, Morocco, a country Mitch knows well. This morning CHAR had a very interesting RNS that in effect has opened up massive gas resources (>1 Tcf ) in, you guessed it, Morocco. All that CHAR now need is a farm-in partner for which they will no doubt offer operatorship for a free carry and cash, or of course, CHAR could get taken out or MERGE !

https://www.chariotoilandgas.com/operations-overview/morocco/
https://www.lse.co.uk/rns/CHAR/expression-of-interest-letters-6ynbh399ial3lew.html
https://www.youtube.com/watch?v=S7baWyNnc9s&feature=youtu.be

ps I hold CHAR together with of course SQZ

aimo

RDS debt at $87bn

Yep, Exxon net debt is $57bn

Rob,

Could easily be the reason behind prolonged fall here. Those in the know, dropping the SP as far a possible, month after month just knowing and waiting for their big payday. Very plausible imo

Bloomberg, paid mouthpiece for the HF's.

Don't worry, once these wa%ker$ are fully loaded, watch Bloomberg start shouting what Utterly Ridiculous good value BP are.