lack of marginal field award. lack of three deals a year. lack of funds from DBI. lack of an apology about DBI. lack of the sheikh’s money. lack of funds from trafigura.
… lack of info about why number of rebasing warrants associated with those loans keeps on mushrooming…
lack of audited accounts. lack of info about amount of project level debt. lack of TR1s regarding those two trades in june. lack of development plan for aje field. lack of an estimated CoS for barracuda.
they have a stack of cash. i’m happy for them to take their time casting eyes over possible developments that fit with their core focus … if vendors try to force them to overpay, they can just hum & hah, bargain slowly, then walk away and give a larger special divi if price ain’t right.
aviva a peaceful enough share, would agree it should not be mega slice of anyone’s overall portfolio, but in combination with nice spread of other investments in other markets and sectors, it’s a nice little earner in a diversified portfolio.
i guess that the resignation of peter francis probably it even less likely that we will ever get an explanation of those two trades on 10th june when there were those two trades, each for the identical amount of shares that osa & peter francis had bought in march (per 24/3/21 RNS), i.e. 1,176,471 shares.
it looked like two directors each bought 1,176,471 shares in march…but then it seems two unidentified people sold 1,176,471 shares in june….but no RNS was ever issued to explain who had sold what…. & now that peter has resigned from BoD, he won’t need to notify /account for sales of ADME shares.
RE: Question. Why is BP sp glued to £2.90? Why28 Jul 2021 21:51
also the dreadful possibility ( - well, from oilie s/p perspective!) that demis hassibis’s AI will actually solve fusion problems for humanity. in which case, bye bye all the oil majors very rapidly (and possibly, hello skynet?)
such interesting times we live in, lol. i have mixed feelings about the developments in china … on the one hand, it’s a salutary reminder that the casino is always rigged, with the chinese state able & very willing to interfere with market forces … but on the other hand, it’s also potentially very positive, from a long term perspective, to see some tightening of regulatory and governance frameworks in china … jury’s out whether this is prelude to overly interventive state, vs state acting as a reasonable sheriff to curb excesses of the wild west (east?). they have come such a long, long way in financial markets … i remember back in the 1980s how frustrating timid the BoC were to deal on forex prices for minute amounts, e.g. $1m of spot $/yen …. but we understood then that they were taking baby steps into the world of advanced capitalism, and given time china would be huge. we were right, and that early relationship building paid off, but there’s still a long, long way to go.
(personal disclosure, i have a lot of sympathy for the chinese position that the west has always tended to overstate the importance of civil liberties such as free speech etc, versus the basic human right to life, supported by the chinese state’s commitment to the iron rice bowl.)
best of luck elsewhere tresha. you’ve been an asset to the chatboard here, offering your own careful independent research politely and thoughtfully (e.g. re DBI). hope you & yours stay well & make money.
digby, note as per 10:24 post, BP’s own stated view on what is going to happen to its revenues from fossil fuels over next 8.5 years - down 40%. that’s not some journalist’s doom and gloom, that’s BP’s own forecasts.
have added modestly to my AV position in last few days. turbulent markets, world in a rather febrile state, so am mostly tending to just sit and twiddle my thumbs, and just let existing positions ride for a while, for good or ill.