Member Info for Nightpusher

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.

December 22, 1975

In the aftermath of the oil crises, the United States established the SPR. President Ford set the SPR into motion when he signed the Energy Policy and Conservation Act (EPCA) on December 22, 1975. The legislation declared it to be U.S. policy to establish a reserve of up to one billion barrels of petroleum.

As the USA would seem to be just about self sufficient in oil or oil equivalent at around 21million bpd,it still imports but also exports as well,it would seem that the reserve no longer has the strategic importance that it once had and now seems to be more of a tool to interfere in keeping oil prices down at selected times.I am aware that Congress ordered the last sale of 26million barrels.I dont think (not sure)the president required congressional permission to sell off the vast amount that hit the market last year before the midterms so I am not sure that refilling it back to its original capacity will ever happen again unless oil drops at a spectacular rate and then its really just good business practice,something politicians are not normally good at.Time will tell of course.

But as a long term holder we have weathered such times before.

My sentiments entirely Theaky

As a long time holder im thinking it's maybe time to sell up and move on to pastures new.

My sentiments as well. Having survived Macondo,Bank crash and Covid,I think that £6 a share is not on the cards ever,the sentiment against oil companies is getting worse for sure.People on here talking about £10 a share a few weeks ago,good luck with that dream even an analyst at Barclays backed it up.Back in the real world £5.50 seems a good place to start unloading for me.

It looks hopeless to me - Why are you considering it?
Pfc has finally broken away from oil service to installation of renewables.It racked up a huge part of a 13 billion contract with Hitachi for offshore wind farms in Dutch German sector on 30th of March.This sent the share price soaring but continued intervention by shorters had a negative effect on the share price coupled with a larger loss than expected for full year results.Have bought a few but more of a watching brief just now