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Just looking at dates for next FTSE reshuffle. Can Market cap/ share price hold out till below cut off dates?🤞

Key Dates June 2026 Review Cycle

22 May 2026: Indicative review market capitalisation data cut-off date.

26 May 2026: Announcement of the provisional/indicative index membership changes.

2 June 2026: Official market capitalisation cut-off date at market close.

3 June 2026: Definitive announcement of the confirmed index changes after the UK market closes.

22 June 2026: Rebalance becomes fully effective at the start of trading (following implementation after the close on Friday, 19 June)

BW have an oil and gas arm

https://bw-group.com/our-businesses/bw-energy/

If they build a large holding, they’ll have more voting rights for a takeover. One to watch

BW group lining up for a future takeover bid? Seems to make sense given their company profile

Share should rise Monday. UAE nuclear plant just hit 🤯

It’s likely because of the Kings speech on banning new North Sea exploration 🤦🏼‍♂️

Easiest option for them would be to inc corporation tax, but then off everyone goes to the US. Think BP will move in next 12 months whatever happens

Suggest that’s only a minor part of today’s performance. I’d say the main issue is political and potential for UK to go further left if Starmer is booted out. Already seen Raynor calling for taxes on banks and oil producers … 🙄

Market still pricing in a quick end to war, but we are now in TACO vs NACHO. Can’t see war ending quickly. UK and France moving carriers to region looks strategic, eg, if the SoH doesn’t reopen and the proverbial hits the fan, with SPR reducing, then they’ll be ready to go. DJT won’t back down as he’ll look weak and his ego can’t take that. Iran holds all the cards, more US bombing and oil fields will be targeted. DJT can’t release sanctioned Iran funds unilaterally but think if that’s what it takes int community will relent quite quickly. Complete 💩 show, but longer this goes on, the longer oil will stay above $100. I’m starting to look at what happens if the SoH stays closed and SPR keeps being drawn down. Oil should be heading back to $120 barrel in the next month or so imo.

Fang - agree it’s unlikely in the short term, but if oil and gas majors like BP and Shell continue to reign in NSea operations, they’ll have to do something. Norway will be seeing great tax receipts from their fields, so if Labour cotton on, could be a driver for change and economic growth (which is badly needed)

IMO I think some of the major holders will now reassess based on oil price and fundamentals over the medium term (unless they need cash for other investments). Given the deadlock over the SoH, can’t see oil prices dropping anytime soon, more likely a rise in price… draw down continues of SPR which will need to be refilled at some point as well. Just need UK gov to switch to Norwegian tax model and SP will be flying

Don’t forget reduced tax bill from Waldorf acq, will materially impact end of year

Check the date/ time, shown as early hours so old article

My take, if they did the bond mkt would sky rocket and force a general election

The former sale around £2.73 set the floor but with recent updates, can’t see majors holders selling off below that level

NAV I wouldn’t discount the UK election impact today. Change of PM could see a shift further to left, which may see a further attempt at a tax grab. Though think reality will set in if that happens as the North Sea would drop off a cliff and most major oil companies would move to the US.

I thought the share price held up well today with the drop in Brent price. The potential Iranian retaliation could see Brent back up $110-120 plus if they hit wider MEast infrastructure. FCF today was useful, can’t see it heading anywhere but up by the next set of results

It’s off X/ Twitter so pinch of salt but apparently Kuwait and UAE lifted US restrictions on US air bases and now bombing of Iranian ports has commenced. Oil price just rose so looks like Iran refusing US proposal - looks like war back on

Assuming the prior payout ratios are maintained, and $1.4 billion FCF comes off, at around $600m for shareholder returns, I’d base a guesstimate that the dividend payment will be around $420million with the remainder for buybacks. Any thoughts?

There’s evidence of big mkt positions on oil price today before Axios report, eat around $900 million plus. Talk about insider trading.