Member Info for Petronius

This link looks at the effect of increasing diesel costs (if you can get it), caused by the Iran war and how it affects the miners, not forgetting the subsequent increase in the price of silver.

https://www.youtube.com/watch?v=TI9ZnGe_QgA

Https://www.youtube.com/watch?v=75gw4-8PHyw

add to that, there will be huge reaction to Canada's response to Trump's tariffs threats with consequences for the US$:

https://www.youtube.com/watch?v=8m2M28nUcE4

All good for silver

Interesting article from The Silver Academy showing whilst, when the price of silver moves up in a 'linear' fashion, the profit for the miners moves up in 'parabolic' fashion (as does the share price!):

https://thesilverindustry.substack.com/p/the-coming-silver-shock-why-2026

Big changes coming for the pricing of silver (must read):

https://www.youtube.com/watch?v=m3aCvSw4MB8

Https://www.youtube.com/watch?v=FjMpTpU4XgQ

Hold fast, stay strong, don't get shaken out

Both gold/silver & the miners are on a bull run. Strong hands will hang on and ride the bull run to the top. Weak hands will take profits too soon and no, they won't getting back in 'on the dip'.

Two late trades after market close on Friday for 7,113,448 shares. Any ideas what that's all about?

Hi all. Managed to get a top up for 472p just before end of trading yesterday but notice there were two trades each for 1,000,000 shares after hours. Looking at the share price chart on HOC web site, we can see the day ended with a share price of 478p. Good to see but I'd like to know where those two buys came from and expecting some action Monday morning.

Be of good cheer my friends, for I bring you good tidings. I have received a message through the ether, which will ease your troubled minds, for 2025 will bring joy to your hearts and of your bank managers;

https://www.msn.com/en-gb/money/other/here-s-the-stunning-bp-share-price-forecast-for-2025/ar-AA1wiXVC?ocid=msedgdhp&pc=HCTS&cvid=a978308182c74f8db15015501921f8dc&ei=28

May your glass always be half full, with which to toast the new year.

UBS have target price 525p.

Scope for return of $14Bn through buy backs over 2024 - 25.

https://www.ii.co.uk/analysis-commentary/turning-point-bp-shares-ii533721?utm_source=sfmc&utm_medium=email&utm_campaign=DailyNewsletterCanviOneCol&utm_id=223298&sfmc_id=9888745

Yesterday HSBC (Europe's largest bank) announced they will stop funding new oil and gas fields as part of a wider update of their environmental policies. This is probably a response to activists targeting what they believe are carbon threats and may explain the fall in share price yesterday, towards the end of trading yesterday. The price is still falling and no doubt the market is waiting for the other banks to respond. Being Friday, I imagine traders will be selling off and taking profits as usual, before closing their books for the week. Should be an interesting day for BP.

Bumble - don't forget the billions they are wasting on Ukraine. They are EU's problem, not ours.

I seem to recall RDS was used to be quoted on both the Amsterdam Exchange and the LSE which is why the shares were listed Shell A (Amsterdam price) & Shell B (LSE price) shares. The decision was then taken to list on LSE only and presumably for corp tax purposes, they now solely fall under UK tax law - in the same way BP is. The Uk Treasury should tread carefully because if these companies are hammered repeatedly for windfall taxes, what is to stop BP and Shell becoming domiciled in a country with a more friendly attitude towards corporate taxation. Windfall taxes (legalised theft) could kill the goose that lays the golden eggs.

Soton- let us know where your favourite watering hole is and make mine a pint of best bitter!

Don't know why there are so many depressed investors here. 3rd Q results were excellent. $3.3B net profit but took an impairment hit of $6.1B because some assets were overvalued and had to write them down by $6.1B - so to balance the books they have to show a loss for the quarter. Its only a book entry, no out flow of cash. In the meantime we should all be taking the opportunity to buy the dips. I am. The company is still a cash generating machine. Fill your boots.

Yes!! Fat finger error. For the life of me, I can't see why BP would want to increase their exposure to 'fracking' . I expect any short term gains will be more than off set by bad publicity and possible actions by the protesters. Just stay away from it.

Did anyone read the 'BP share news' tab. Talks about BP "ramping up investment to $1.5M" in onshore US shale fields. I wonder how that will sit with the US markets. It doesn't seem to fit well with the new green BP. ethics.

Paddy1 - fair comment but definitely 'the canary in the coal mine' moment.

JoshM20 - the market is seriously concerned about a Chinese property developer called Evergrande, currently the most overleveraged company in the world with debts of over $300bn. They have already missed a string of payments to bond holders around the world. They hoped to raise some cash by selling off part of their property servicing division for2.6Bn (to help service up and coming
Repayments) but news has come through that this deal has fallen through. If President Xi decides to throw Evergrande under the bus then we could be looking at another Bear Sterns moment with a lot of investors and banks around the world going under, starting off another global collapse. It has nothing to do with BP. Fingers crossed.

Just had notification from my broker that ECR is proposing 1 for 200 consolidation