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Blocked by paywall Vincent !

If THIS doesn't spark a BP share price rise I don't know what will. I am now certain I backed the wrong snail.

;-(

Hasn't a formal offer price been given by the bidders ? Is this just a takeover rumour which has upped the price here ?

Some events unthinkable until a few days back are suddenly happening.

Iran Oil refineries

Straits of Hormuz

What next !!!

“As I did stand my watch upon the hill, I look\'d toward Birnam, and anon, methought, The wood began to move.”". This event is significant as it fulfills a prophecy that Macbeth would not be defeated until Birnam Wood moved to Dunsinane.

According to reports by Iran’s semi-official Fars and Mehr news agencies, the strikes targeted the northwestern city of Tabriz, as well as areas in the provinces of Lorestan, Hamedan, and Kermanshah.

However, the Public Relations Center of the Tabriz Refinery denied these claims, stating that “reports of an Israeli attack on the refinery are baseless.”

Mehr News Agency specifically reported that the vicinity of the Tabriz Refinery, located in East Azerbaijan Province, was among the sites targeted.

Urgent appeal. This is a BP Board. If I sure read the terms and conditions again. If you start using filthy lingo you will be reported.

I can't see any imminent ceasefire here. Most probably USA too might join in. Who knows !

I thought that bp share price will rise at least 10% on this news. But it's tad bit underwhelming TBH ! Maybe I expected too much and oil delivered too little.

I knew it was coming but didn't expect it this soon. Israel attacking Iran and oil prices shooting up.

The chances that a rival oil company will take over BP Plc are slim right now, even as peers have been running the numbers, because of the firm’s size and complexity, said bankers from Moelis & Co.

“We can’t identify anybody in the US that would be a buyer,” Moelis Chairman and Global Head of Energy and Clean Technology Stephen Trauber said in an interview in London on Monday. “We don’t really see any others globally that are buyers that view the assets as must-have.”

Shell Plc is “probably the one that fits the best” with BP from an asset and regulatory perspective, Trauber said. Bloomberg reported last month that the company has discussed the merits of a takeover with its advisers, he said such a deal would still be a unlikely.

Https://www.reuters.com/breakingviews/shell-bp-mergers-key-ingredient-is-time-2025-06-03/

Talk at least £4.50+ and my ears will perk up. Otherwise I am in red.

£4.50 seems long long long ago. How I wish I can at least see £4.50 so that I can escape without any losses here.

Your £6.50 looks like too good to be true.

Wishful thinking.

India and Pak both are non oil producing countries. Wondering how come oil prices spiked on this news !

Copied from another article :

"Peel Hunt reports an average premium of 40% on takeovers of London Stock Exchange listed companies. This premium is calculated based on the last share price before the offer period. When considering updated offers, the average premium rises to 45%. Some deals have seen premiums significantly higher than 40%, with examples like Wincanton (104%), Spirent (86%), IDS (73%), and Peel Hunt (69%)"

Blair said that attempts to phase out fossil fuels in the short term were “doomed to fail”, arguing that the “inconvenient facts” were that the production and demand for them was rising.

Do ordinary shareholders like us have a vote ? Didn't think so ... but ....

Is CHEVRON or EXXON going to make a move

Genuine Q. In case some of the big(ger) boys in Oil decide to make a move on BP NOW, I don't think they will pay north of £4.50 because our price is now £3.30 (as opposed to a few months back where I expected this to be north of £5 when our price was £4.50)

Wiser people here, do you think my assumption is correct ?