The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
We all saw pictures of Bernard Looney in Downing Street a few weeks back schmoozing with Boris Johnson. I guess decarbonization plans and Net Zero were the topics for discussion.
The question is following the Tory thumping at the polls will the conservatives ditch unpopular policies like Net Zero and the Green Levy to court the public favour.
Buy SSE laugh out loud. He would be better off buying Tescos or Sainsbury. Then he could install rows and rows of EV fast chargers in their massive car parks and make charging the car a multipurpose experience. He could even build an all weather play area for the kids. Lol, again.
Meoryou, the trouble with a 10-20 year transition is that a lot of pensioners will be dead by then. Lots of investors invested for today, not for tomorrow's dreams. Who knows the projected carbon data may have been completely debunked in few years.
Meoryou, an interesting article. It certainly lays out the scale of Looney's ambition and the reason why the share price destruction and discount under his leadership will continue for some time. As rightly pointed out the windfarms will not show any profitability for 3 years so fund managers can wait for a more appropriate entry point. Looney has obviously surrounded himself with green sycophants who constantly preach green. I hope, enough allready. Build and prove the profitability of the proposed green model before destroying the very profitable oil business.
Will rising energy costs force Boris to review the 25% green subsidy and net zero.
Will Bernard's "Green Dream" make money. BP stress test projects to ensure profitability for oil developments. What about windfarms.
The simple truth is that Looney's Green Transition whether foolish or inspired will be a drag act on the shares until he posts results proving their profitability.
It was suggested that BP had 1.9GW of installed wind farm capacity. Looney must have figures, installation cost, revenue generating etc.
Once he starts proving the viability of his plan the shares should improve in value.
Morning Spights, I will be when these share get above £5. Hopefully they will get a leg up with a nice divi rise next quarter.
I do however think it's time for BP to publish the exact revenues received from installed and commissioned renewables. Broken down for each sector, wind, solar etc
Igor Sachin, holds out his hand and the possibility of a rethink of BP investments in Rosneft but Bernard cuts it off.
What's happening in Ukraine is terrible and I hope Putin can be prosecuted for his actions.
However we all drive Audi, BMW and Mercedes. I am sure what happened in WW2 was far worse but we still do bussiness with Germany.
How many other oil companies have completely cut their ties with Russia.
Forms, I agree. But alot of mischief was created, and billions wasted. These people must be brought to account. And jail time if they are to be found to have misled and overstated the necessity in particular for global lockdown.
Hopefully the house will swing Republican in a few months with a resounding thumping for the democrats. St Donald can then be installed as speaker of the house, leading to the new POTUS De Santis being anointed in 2024.
Global peace, sanity and prosperity to all. Lol.
Spights, you post an article relating to oil supply outstripping demand, and yet we are all heavily invested in a company comitted to reducing its oil output. Is it any wonder that the company is marked down considerably against our peers. The next set of results may be Stella as some have suggested but without a firm pledge to oil and gas the city cannot re rate BP. To only give a statement that oil and gas will be part of our portfolio of assets is weasel words and must be addressed.