Member Info for NewKOTB

Maverick,

"then will go up to 134-140p range..."

I do think you are selling yourself short on that one !

H1 results soon too, be interesting reading given what occurred, I'm not expecting anything untoward.

atb

lol .... ad infinitum

Well, today is RRE, signed sealed and delivered court day ..... I await Viaro's next target to be announced with interest.

NB Noticed Viaro has only taken one of the £250m Facility Agreement arranged as of yet !

atb

Over the past week, the algo has slowly dropped us by c10% from our high last Wednesday ..... corruption, some may call it business. Remember, current SP weakness is by design not fundamentals.

BTW, tomorrow is RRE's, signed, sealed and delivered court hearing date ....

atb, stay safe one n all.

Eastern Trough Area Project (ETAP)

ETAP ranks as one of the largest and most commercially complex North Sea oil and gas developments of the past 20 years; multiple fields with varying ownership sharing a central processing facility (CPF). BP operates six of the seven ETAP fields; Machar, Madoes, Mirren, Mungo, Monan and Marnock. The non-operated Seagull field (BP ownership share 50%) will be tied back to the ETAP CPF with first production expected in 2021. We are exploring options to develop another new field, Skua, through the ETAP hub.
ETAP came on stream in July 1998 with an estimated production life of 20 years. However, a multi-million-pound investment programme in 2015 secured its future well into the 2030s.
In the two decades of operations, more than 550 million barrels of oil equivalent (gross) have been produced from the BP-operated ETAP fields.

https://www.bp.com/en_gb/united-kingdom/home/where-we-operate/north-sea/north-sea-portfolio.html

So all we need to know is, what's BP's NET production as they appear to range from 83.25% to 6.5% from the fields , what are its net 2P's, also, if BP have resolved their platform produced water handling capacity issue too, anyone ! As I have not got a scooby-doo about its value to BP or us.

TIA

"Surely won't go back to £1.."

I would hope not, although there is a greater chance of the gap being closed at 103.65p imo..... BOT's Rule OK.

Brent now at highest since early March and that stupid spat between Russia and Saudi's. Nat Gas futures up another 6% and Q1 21 now above 40p/therm ... all moving the the right direction, except our SP .... Never mind, our traffic light operative has located the fault and soon to be rectified.

atb, stay safe one n all.

seek > "sell" .....

Toff,

Agree, made this point myself the other day.

All it will mean is that UK listings will be taken over by other companies who can leverage their MCap to acquire grossly undervalued UK companies who are on stupidly low P/E. BT could well be one of the first. Might as well seek UK PLC as a whole !

aimo

"I'm looking at the infrastructure post 2025 and how much BT Net Profit will increase on the back of the transformation...."

Do you not think that what suitors are looking at too.... it's going to be an interesting 12 months for sure if you are a BT holder. BT could easily be over £6/share in 5 years imo

atb

Well, yet again, up all day then dying seconds, pulled back, closed smack on 117p .....

As for trades today, never before have I ever witnessed sooooo many '1' trades in a single day, must be close to 30 of them.

Can't wait until September.

atb, stay safe one n all.

Gary59,

Thanks for the update ..... missed that one ....... :-(

"If my ship sails from sight, it doesn't mean my journey ends, it simply means the river bends".... lol

ZIOC has sent me around the bend so many times, I can now see my own 'a rs e', trust me, not one for the family photo album.

atb .... tick tock

Jenn .... lol

Yet the Saudi Investment arm are buying up BP / RDS shares ....

Close your short and go long before it's too late ....

upomega,

This is true, but I still think that when the Dow/Nasdaq go, so will the FTSE and AIM wouldn't need much of an excuse either...... unfortunately.

Once again, SQZ up all day until minutes before close, but managed to finish flat. :-)

ATB, stay safe, one n all.

Since Feb and covid outbreak , the Dow and the Dax are now only 5% off Feb levels where as the Ftse is 25% off .... Totally decoupled, my worry is when the DOW turns, as it will, the Ftse will be dragged down too. Lets not mention the Ponzi scheme which is the Nasdaq, when that pops, the world will take note. Hope its not until after the US Presidential elections

Lets get SQZ sorted and fast.

aimo

Maverick,

The one option that I don't want now that RRE has gone, is a merger. Don't think there is anyone out there with the same profile that we would benefit from merging with. Also the market would no doubt find it hard to value this new entity so would probably err on the side of caution until results come in, could be 12-18 months before we start to see real value appreciation occur. Takeover or acquisition are the only options I would like to see RNS's.
aimo & atb

"Too cryptic for me, what do you mean?.."

Takeover or significant acquisition/s .... take your pick, I know which one my money is on ... literally.

Question is, before or after H1 results.

atb & imo

Could it be you are looking at old Henry !

Yes, UK NBP have moved off their lows, but we are still significantly away from what I would call 'normal' service. Futures are looking much stronger with Q1 2021 closing in on 40p/therm too.

Several days now the ask moved to produce a >5% gap, putting on several pence ... then approaching close and on close it's dragged back to c117p close ..... all part of the course to 'manage' the SP and stop it racing away.
The SP has been stabilized around c117p since mid May, with the exception of the NED sales causing a small blip ( still keeping my eye on that one).

The CoH is imo, in excess of 40% of MCap now and continuing to build nicely with strengthening Brent and NatGas.

I for one, am particularly happy that Kiosk Kate is manning the stall, when her working is done we will all be looking back with fondness.

aimo & atb