Member Info for Primetime51

@ Harmonica

Half a billion shares awaiting in treasury

Is that not enough

Why are BP employing loads more than Shell & producing less ?

I agree debt is ok if used properly it does not look like it has been

@Auson

If the sale of Castrol gets done & most of the proceeds get used to cancel debt could we not save as much on interest payment than what Castrol bring in in profits

I know it is a big how much as we do not know how much will be used to pay down debt

@RPT

Yes there is a lot of if's & but's

Will someone bid for BP imo No

Will Castrol sale get top $ ?

Were will poo end up ?

Will trump put sanctions on Russia ?

Will we rerate if Castrol sold for good price imo Yes

Will Elliott put more pressure on BP Bod imo hope so

Will China & US agree on tariff imo Yes but will they stick to them ?

The list could go on & on

Brent crude futures pared earlier losses to trade largely flat around $65.6 per barrel on Wednesday, as traders weighed developments in the global trade landscape and evolving supply dynamics. Over the weekend, OPEC+ announced a production increase of 411K barrels per day for July, following similar hikes in May and June. Meanwhile, wildfires in Canada temporarily disrupted about 7% of the country’s oil output, though recent rainfall helped contain some of the fires, enabling at least one operator to resume production at a previously shuttered site. In the US, the API reported a 3.3 million-barrel drop in crude inventories last week, significantly exceeding expectations for a 0.9 million-barrel decline. On the geopolitical front, US President Donald Trump and Chinese President Xi Jinping are expected to hold talks this week, keeping market participants focused on potential shifts in trade relations.

China & Trump never have stuck to any agreement would be the 1st

3.3 million-barrel drop in crude inventories last week, significantly exceeding expectations for a 0.9 million-barrel decline

well it is driving season it is when that is over will have to watch

gla. I'll keep buying @ £3.60 & below i am happy @ that price

@ Lending

What I don’t like is these treasury shares being used to reward bad performance.

Yes & there's the rub were not a few BP top Murray being 1 of them awarded shares a few days back.

For what ? share price around £3.6 from over £5

@ Lending

Problem is BP do not cancel the shares buybacks they sit in BP treasury

1ARMANI

Imo..... BP does NOT need to sell Castrol. Utter stupidity!

Two more years & BP could see a trading range 440p--480p.

Agreed Castrol has moving into Ai cooling liquids which as we know is going to be huge

Top price for Castrol or feck off no sale.

Thing is BP's debt is to high

imo stop by backs pay down debt or sell nut zero stuff

gla

Https://www.thisismoney.co.uk/money/comment/article-14773655/Mistakes-rookie-errors-Former-BoE-chief-economist-Andy-Haldane-slams-Rachel-Reevess-budget-MAGGIE-PAGANO.html

Https://oilprice.com/Energy/Energy-General/The-Geopolitical-Risk-Premium-Is-Here-to-Stay.html

imo Trump & Iran have a short while to sort things out before Israel take it upon themselves

The failure of Russia-Ukraine and US-Iran talks did not come as a surprise to oil markets, but both outcomes have confirmed that the geopolitical risk premium will be around for some time. Canadian wildfires could add even more upward momentum to oil prices, while OPEC+ production decisions will continue to be a driving force for prices.

As we can see the news over the last week is going imo in the right direction BP buying into this block BP are buying into that block Oil/& Gas Blocks plus Castrol up for sale , Murray has the full force of the Elliott stick on him

Hope i'm right as my holdings in BP are big only thing i see to derail my plan is Poo

@ 1 Armani ....It's a awful thought.

Yes it is & yes all Should come down hard on Russia

But Putin's lot have been saying Nuke for as long as i can remember

Surprise surprise US open soon 100% guaranteed to dive yet again!

Can’t wait for take over!

Keep adding take over or not BP will get it's house in order sooner or later depends on you waiting span

@ getafgrip

Castrol may not be for sale again, so the opportunity cost of not bidding comes in to consideration.

To true & there are some big names looking @ taking Castrol off BP's Hands

GLA

03-Jun-25 10:10:35 359.75 90 Buy* 359.65 359.80 323.77 O

03-Jun-25 10:10:33 363.00 8,657,869 Unknown* 359.65 359.80 31m O

well that was a nice buy how can they put an unknown when the buy was above ask ?

@ Gunsup...The West is a debt based economy...

As For running a household. You would soon run into problems if you let in lots of lodgers who pay nothing and in the end will eat you out of the house and home..

To True the UK is becoming a mess under this Labour muppets

The papers are talking about a possible nuclear response. It's total madness.

imo if he goes nuclear the rest of the world should come down Hard on him

@ 1 Armani

There will be some one on this BB that will not like that 😂

Well we did not have to wait for the Yanks.

I'm buying under £3.60 hold & wait for good News it will come

@ ATISHA.....How many tanks and jets would the immigration bill buy?

To true might have money for other things as well

Chancellor Rachel Reeves' Budget hangover leaves pubs in red: One in three hospitality firms are now loss-making.

UK manufacturing sector continues to shrink as labour costs grow amid subdued demand

A good read

Yes thanks

IMO if BP do not get top end for Castrol they should keep it .

Murray is now CEO in name alone & will do what ever to hold on to his post

Https://www.morningstar.com/news/marketwatch/20250601188/oil-prices-jump-despite-opec-announcing-another-sharp-production-hike