Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
The windfall tax is a bugbear that the likes of Exxon don't have.
Robinha your statement does not bear up to scrutiny.Bp pays UK windfall taxes only on its UK profits,so does Exxon Mobil and any other international oil company that operates profitably in UK oil and gas sector.
ExxonMobil has an interest in around 40 producing offshore oil and gas fields in the North Sea. Many of these fields are operated by Shell U.K. Exploration and Production as part of a joint operation.
Shell still up today just like yesterday but everyone seems to focus solely on price of oil but gas price has tanked recently,almost negative in Texas just now but not sure of absolute figure but I did read awhile back that 48% of BP production is actually oil equivalent which is gas and condensate so its a massive downer to be taken into consideration.
How they convert gas volume to barrels of oil equivalent I have no idea
Just not the weather it’s raining
Not raining in Snettisham,sun is out
Could not agree more.
Meoryou,
Good to be in agreement for once,I am indeed very negative but thats because I have been long in this share for 14 years,reinvested all dividends except last six months and my total share count only goes into profit at £4.63,notwithstanding all the extra shares I have picked which naturally gives me a paper profit.At the same time I am 35% up with Shell at book cost.Hardly reasons to be cheerful.Just topped up on HBR which look like they could be headed to £3.60 with my BP and Shell divis from this week.Will let HBR stabilise and may start to sell down my BP as early as next week and into HBR but at 75 my prefered choice is to exit and go fixed interest.
I wonder if Lund has approached Linda Cookfrom HBR ,she really has pulled Premier and Chryassor up.She is ex Shell so probably not interested in doing the same withh BP.All said and done I consider BP a weak buy but thats because I am an optimist
Where has all this chatter about BP / EQUINOR Tie up come from ?, and is there any basis for it.
Pure wishful thinking by a hack from Reuters called Yawen Chen trying to forge a link between BP and Equinor in relation to Helge Lund our chairman who once ran Statoil before it became Equinor.Its an interesting read for 3 minutes.
Take note yesterday concerning Harbour takeover of a much larger rival.Complete secret no journos had a clue that it was happening.I suspect that is how we will discover the BP takeover if it happens.
Agreed sir but problem may be that CEO is subject to BOD decision and they have been asleep at the wheel for way too long.
Halma,you might be in with a chance so wish you luck,have found on these boards that whenever anyone starts a Friday club comp it conspires to drive the share down which I realise is impossible but I avoid them anyway.You generally post similar views to me but after 13 years with this share I feel my optimism has been misplaced
I think I put down 460 and reckon I am going to win.
Only slim hope Jeffrey Brent touching $79.50 today and BP losing ground.Best you can hope for in 2024 is a Shell takeover not merger.Investors and institutions have grown tired of this once great company that I dont even think it would come to a hostile takeover.Question is what's the price but please do'nt start another book look what happened to this end of year one.Y11 chose £11
Not selling today,Equinor results out today and they were up 2.5% when I last looked.
As results always seem to be compared to a year earlier our Q3 2022 results were a loss of £2.2 billion.
I am selling my Shell shares off slowly but also hoping that they will get a boost monday from BP results and propell shell through £28 so I can get another tranche sold
I'm tempted to get out now too. Just waiting for £5.70 later today
I am holding out before I sell my first tranche,too much upward momentum right now and results on 31st.
Have started selling Shell with 2 tranches this week,last at £27.80.
However I am very mindful of my thoughts when this share tanked in early 2020,and I kicked myself for holding on too long.
What’s the amount of Capitol gains you can make from a normal trading account before you have to pay tax.
Not forgetting that if you have a wife or civil partner that does not use her allowance you can transfer her allowance to your self assessment tax return and that brings you up to 12K profit.Must be making profit as well,I just sold my first tranche of Shell after being long for 13 years of investment and divi reinvestment.
Jim and Gobshi
Strangely enough Sky Arts on Freesat 147 has been rerunning this series for ages and seems to go back to the beginning when they have shown all episodes.They are a little bit dated but fun to have on your recorder if you wish to kill half an hour before bed.As to Genel I have no idea what is going on,probably nothing but would love to know if they are trucking any oil out of KRG.Perhaps silence is better than speculation,bUt good luck to all long term players like myself.
UK need to ditch stamp duty on UK share transactions before the LSE dies.
Planit,was interested in your comment as I have a decent sized portfolio in a Schwab account in USA and I also trade oil and oil service stocks,usuallt my former employers but would not consider buying BP or Shell due to the 15% withholding tax as I cannot get a full allowance taken into account in my tax return just a reduction in the amount of divi tax that I pay by subtracting the interest I paid off the full divi amount.Notwithstanding that I trade SLB and Transocean as oil service which are doing well,Transocean through the roof after narrowly dodging Chapter 11.Apache also doing well after giant Surinam find.
Dividends definitely lower in States but growth on stocks can be quite incredible.
Bonne Chance
Hopefully an RNS soonbut not sure anyone answering phone in Genel London office.When you go to answer phone the box is full.
https://www.globenewswire.com/news-release/2023/8/17/2726889/0/en/DNO-Opens-Taps-at-Tawke-Reports-Second-Quarter-2023-Results.html
Https://www.reuters.com/business/energy/dana-gas-receives-80-mln-iraqs-kurdistan-region-2023-08-09/
No idea how KRG found the money but finally Dana Gas receive long overdue settlement payment
Thanks Halma,I seem to have doubled my share count by Divi reinvestment and some extra tranches that I bought after the Macondo debacle in 2010.Hope to have exited in the next 18 months but might hold my ISA element a few more years if we do really have a serious crude supply problem.People do not seem to realise that we are consuming more oil in 2023 than 2019 and I dont see a pullback in demand till 2030.
Halma 1983 Think I'll take my chance and stick,
Me too.not selling any ISA or market Master BP shares.Market has digested Shell Q2 results and is fully expectant that BP might follow suit,so moderate upside if BP buck the Shell trend.Total holding just shy of 23,000 shares and happy to take any fall which I am sure will be temporary as we close in on a fresh and probably cold winter ahead
I think better short term growth value at mo in other sectors like travel and banking .
Over the last couple of years I have considered moving some of my BP share portfolio into Lloyds but I am very glad I did not as Lloyds might pay a slightly higher divi but they are completely range bound in the bid forties even with the huge support of very much higher interest rates.Now perhaps a windfall tax on banks could be in the equation soon.
Very glad I have stayed with this very long haul that is BP since Pre Macondo.First tranche sells at £5.60 and I am certain we will get there within 6 months though I desisted in joining the Friday club of Xmas speculation
Https://www.reuters.com/business/energy/us-buys-3-mln-bbls-oil-stockpile-announces-plan-3-mln-more-2023-06-09/
Looks like the comerce dept plans to trickle oil into SPR at 3 million barrels a month at present WTI prices.Will see what happens if POO goes north in August.
Greetings Clued.No cut and paste but first para is copied virtually word for word to establish the start of SPR following Arab oil embargo after Arab/Israeli war of 73.
Second para is what I can dig off internet to establish if SPR has same significance now as 1975.I guess not but as USA imports and exports oil and certainly only produces around 12 million bpd of actual oil,you move into oil equivalent (gas and such like hydrocarbons) which takes it up around 20 million bpd.
Happy to be corrected if my research has errors from internet which is quite possible but all in all I dont think SPR is as important as in previous years.