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Https://oilprice.com/Energy/Crude-Oil/Oil-Glut-Will-Prompt-Faster-Market-Rebalance.html

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What if BP were to make a bid for Harbour Energy?

I would think BP would first have to start getting there house in order sell Castrol pay down some debt before they could go shopping not sure the markets would like more debt imo

@ meoryou

So still a possibility that one of them move and a bidding war with Shell starts.

But again personally I’m just seeing all this as the same as before the media really want it to happen.

Agreed on that point. imo i'm thinking maybe a take over once BP become leaner gets rid of green ,staff ect

gla

Is today Dividend day for BP ?

Interesting read in the Times

Manifold imo will steer BP in what it should be a lean machine in oil & gas

gla

As i said Manifold is not afraid to weald the axe and im sure he would have told our new Meg what he expects of her .

No one can say Manifold is only there for his wages & easy ride .

GLA

Worth a read

https://www.morningstar.com/news/marketwatch/20251218168/bp-ceo-quits-after-less-than-two-years-a-former-exxon-exec-who-ran-australias-largest-oil-company-will-take-over

As i said Manifold is not afraid to weald the axe and im sure he would have told our new Meg what he expects of her .

No one can say Manifold is only there for his wages & easy ride .

GLA

Well lets hope Meg would like to prove herself once at BP helm

The big UK corporate story of the day was the appointment of Meg O’Neill as the first female CEO of BP, signalling a new chapter for the oil major that won’t be focused on renewables.

“The departure of Murray Auchincloss as BP CEO probably can’t be chalked up as a major surprise, but the timing and suddenness of it can be,” said AJ Bell investment director Russ Mould.

“Auchincloss has struggled with the difficult task of turning around BP’s fortunes since replacing Bernard Looney on a permanent basis less than two years ago. Looney left under a cloud regarding his personal conduct and after having commenced on an ambitious energy transition strategy that hit BP’s shares.

“Auchincloss has walked back on BP’s green push but has had his feet to the fire ever since activist investor Elliott joined the shareholder register earlier this year. The ultimate arbiter – the share price – doesn’t speak in Auchincloss’ favour, with a total return of just 5% under his tenure compared with 39% over the same period for the FTSE 100 and 19% for its main rival Shell.”

Investors will hope O’Neill can boost BP’s valuation, which still trades at a material discount to peers.

@ Thumper

Think it's been longer than that.

Anyway i sold a few off my holdings will see which way EZJ swing down to £4 will add 🤣 up towards £5.40 will sell

GL thing is i'm going into another share heavy

Even in savage doomsday

He will be playing the same tune till he gets his below £4

gla

"Progress has been made in recent years, but increased rigor and diligence are required to make the necessary transformative changes to maximise value for our shareholders,” Manifold said in a statement on Wednesday.

a Lot had there doubts about Manifold but he has come in running boosters on full throttle .

I'm feeling good in my holdings in BP. only downside @ the moment is Poo.

GLA Dividend tomorrow

Meg O'Neil if she hits the floor running like A Manifold i'll be happy increasing my BP holdings on any weakness in Sp

The leadership overhaul is the clearest signal yet that BP Chair Albert Manifold, who himself took office on October 1, intends to fundamentally overhaul the long-struggling oil company.

The Big turnaround has just got interesting

Who dimmed the lights near £5

£5 has always been a hard nut to crack Ezj have been getting closer last couple weeks.

GLA

Well Poo is now lower than $61

With all the other stuff going on i would have thought Poo would be higher but then again what do i know 😂

Brent crude oil futures hovered around $61.1 per barrel on Monday, near the lowest level in almost two months amid persistent concerns about oversupply, while investors monitor developments surrounding a new round of Ukraine peace negotiations. President Volodymyr Zelensky met with US President Donald Trump's top envoys on Sunday for two days of talks aimed at ending the war with Russia. Despite the diplomatic efforts, fighting continues, with Ukrainian drone strikes targeting oil depots and refineries across several Russian regions, keeping Russian supply at risk. Supporting prices, the US ramped up pressure on Venezuela, seizing a tanker and imposing new sanctions on ships and associates of President Nicolás Maduro, while also expanding its military presence in the region. Separately, Iran said it had seized a foreign tanker in the Gulf of Oman over alleged fuel smuggling.

Think if Bank of England lower rates this week & Poo stays steady Airline stocks could be in for a good week.

GLA

@ Thumper.

Thanks for your input.

@ Sausage

Who cares about your input oh jus you 😂😂

GLA

Worth a read

https://seekingalpha.com/article/4852376-bp-stock-worth-far-more-than-the-market-believes