Member Info for Primetime51

Looks like the legs have fallen off that one.

I am refilling slowly £5.1313

@ Andy what's your thoughts ?

gla

The oil company has been more seriously discussing the feasibility and merits of a bp takeover with its advisers in recent weeks, the sources said, noting a final decision will likely depend on whether bp stock continues to slide.

Shares of bp have already lost nearly a third of their value in the last 12 months

Do Shell want us to Bend over & give BP for Free

Well if BP sp keeps Sliding i'll keep topping up Brent will make a come back 1-2 years i have time

Any price movement north from were we have been lately is welcome

GLA

These companies are national treasures!

That's why labour have nearly killed UK oil with there Net Zero Have not given go ahead for RR mini reactors ofcom killing BT Yes all UK national treasures being strangled .

Some of UK's best have been sold to foreign & US

Major agencies have slashed oil demand forecasts—IEA, OPEC, and EIA all revised 2025 growth down by 150,000–400,000 bpd amid worsening trade and economic outlooks.

Yet Opec Saturday agreed to pump an extra 411,000 for June on top of 411,000 for May.

If that is not a sign to bring over producers in line i don't know what is .

We will find out Tues how much merit the Bloomberg news has

GLA

I would accept an offer from Shell at 5:1. That values my BP shares at £5. A 40% premium.

I would go for that .

As i'm sure Shell sp over time once they sort the mess out @ BP off load some parts save on management & head count Shell's Sp would hit new highs

President Donald Trump has loudly demanded lower oil prices Bet he did not say that to the US drillers that gave his campaign loads of $ on Drill Baby Drill

https://oilprice.com/Latest-Energy-News/World-News/OPEC-Stuns-Market-With-Larger-Than-Expected-Output-Hike.html

Will never happen or is it a case of the Boy who cried wolf to many times.

IMO i would think Oil Majors would/ might just be looking or buying BP since Elliott has shown that there is value to be had in BP why wouldn't you be running your own figures . Buy BP & carve it up sacking most of the useless staff would get you a big chunk back

Https://www.gurufocus.com/news/2827091/shell-shel-considers-bp-acquisition-amid-stock-and-oil-price-fluctuations.

imo i think if BP off load some of there crap zero stuff 1st but Sp stays around this level someone will come knocking it's a wait & see for me .

How many years have the papers said bid coming ?

Invstrat

Have you written into BP raising your issue ?

Do them share brought back have a voting rights by the Bod ?

Https://www.thisismoney.co.uk/money/markets/article-14673193/Shell-boss-Id-snap-shares-BP.html

No paywall like the Times

OPEC+ may also see production increases as a way to improve output compliance among its members - as odd as that may seem.

Several OPEC+ members, such as Kazakhstan, Iraq and Russia, have been producing oil volumes in excess of their previously agreed-upon targets, said Rob Thummel, senior portfolio manager at Tortoise Capital.

In response, OPEC+ decided to lift production more than expected in May to "encourage compliance with established production agreements," he told MarketWatch. If the overproducing countries reduce their output to the agreed-upon levels, the "excess supply added to the market could be absorbed, leading to a more balanced global oil market."

That plan could backfire, however, because if "noncompliance persists, the resulting oversupply will likely put downward pressure on oil prices," said Thummel.

Exxon Mobil's first-quarter revenue rose slightly to $83.13 billion, up from $83.08 billion but below the analyst estimate of $86.35 billion.

Exxon Mobile booked volume growth in the Permian and Guyana basins and benefited from cost-saving efforts.

Over to you Murray Auchincloss

Now we can see why Elliott is putting pressure on him

Https://www.morningstar.com/news/marketwatch/20250502138/how-the-us-could-leverage-saudi-influence-on-oil-to-pressure-russia

Have good weekend all - 1 🤣🤣

Brent crude oil futures fell over 1% to $61.3 per barrel on Friday, as OPEC+ unexpectedly moved up its meeting to Saturday, sparking fears of an imminent supply boost. The rescheduling signals growing pressure to respond to falling prices and abundant supply, especially with Saudi Arabia expected to push for another output increase. Oil has dropped about 7% this week, weighed down by rising US production and sluggish Chinese demand. Many traders now expect OPEC+ to expand supply again, after last month’s surprise hike tripled initial plans. While news that China may restart trade talks with the US provided some optimism, it wasn’t enough to offset bearish sentiment.

Well hope it is to bring everyone inline

Https://www.proactiveinvestors.co.uk/companies/news/1070555/ftse-100-live-stocks-firmly-in-the-green-china-open-to-tariff-talks-1070555.html

Thought any news regarding talks would push Brent Up

@ Stille excessively fecked off

We have all been there Sold trading pot only to see sp keep climbing

GLA

@ Thumper Happy for you

The dog is acting strangely. Yes he waits till you go out the invites his friends round for a good Vodka binge .

@ IAGEZJ

Yes looks like things could be moving the right way for a change

GLA