Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I think part of the problem now is Governments have lost control of tax revenue. You can run a company or say work in IT anywhere in the world and use crypto to transfer funds no tax. They were ok when it was just the top 1% in Panama or the Caymans. Ive also noticed a lot of the big hitters have sold up this year and took the cash
I think oil is going much higher it makes perfect sense for the new green world order to price people off the roads because electric cars just don’t work in the real world until we have the infrastructure and power capacity and the oil producers wouldn’t need much convincing to restrict supply to up the price
https://www.independent.co.uk/news/iraq-total-french-baghdad-exxonmobil-b1915230.html
My take on all this is Looney will not increase the divi he will spend the money on buy backs which if anyone was paying attention do not increase the share price as the last quarter demonstrated. He will come out with some toffee about paying down debt and returning value to shareholders which it blatantly doesn’t. I think he is a walking disaster for BP and you can see this when just before he got the job he sold out his holding at over £5 then destroyed the share price. What do you think his target is £2 ? The sooner he goes the better . Prove me wrong next week Looney but i bet you don’t
BP is trying to sit on two stools and falling between the two. My view is it should split between Green and Fossil then one could get slow steady relentless growth and the other would then benefit from the oil prices. Discuss
This is like investing in currency every week no matter what happens its worth less even the dividends reinvested fail to keep up. If a huge oil company doesn’t go up when oil is at an 8 year high then it will never go up. I wonder how long the institutional investors will put up with this cluster*uck or even if they care.
I couldn’t disagree more, im a long term holder of 9000 shares and this is the worst performer in my portfolio. Buy backs do not add value and do not increase the share price one bit. Looney is not the right person to run an oil company full stop. If he wants to be in green energy then go run a wind farm. None of the present green technology is green. Wind farms are worse for the environment due to the carbon it takes to produce them. Electric cares are the same. The take up of electric cars is terrible because they are to expensive. People want cheap energy the same way as people buy shares to make money. Looney’s job is to make money. Its called capitalism. A socialist stock market is like a chocolate tea pot
Im afraid this isn’t going anywhere until Swampy goes, who thought putting an environmentalist in charge of an oil company needs their head examined, stuff the buy backs restore the dividend thats why this is depressed. Its going to be decades before his electric vision happens and the infrastructure is in place at a cost people can afford, meanwhile we are going to miss out on the biggest oil price rise in history with the coming depression. All those shale producers will be laughing all the way to the bank. The idiots that run the world think you can switch off oil overnight. This is the only share i hold that has failed to recover the covid crash
I only invest in any company to make money nothing else, I’m not investing to get world peace cure diseases or anything else. We lost a significant amount through Covid that’s the way it is but millions rely on their dividends to live eat etc. So now no dividend why will anyone buy into this. Investing is about risk and reward and this is now all risk no reward. We can’t gradually get our investment back through the dividends as Tulloch just stopped that so the only way is to sell and find another company that may bounce. This firm look dead in the water