Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Obviously because they are banking $300m a year after dividend at todays price, and 20% of their Market Cap is cash.
BP has a much broader relationship with Roneft including selling their products in western countries and providing knowhow.
They aren't going to try and grab BP's shares they lose too much.
Really good news. Their long term strategy is working. They will also get economies of scale across the two projects.
Obviously, if China demand destruction is happening, I would like to be the "very first" person to know.
So Jmak1912,
Ok, so it doesn't show in iron ore. Which commodity does it show up in then ? Copper seems good.
Jmak1912,
You say that China is facing demand destruction for iron ore, and I do understand your narrative, but that doesn't seem to be reflected in Dalian spot pricing, which is rising not falling.
Zac,
I thought you said you were going to sell at 381p ? Hopefully you can now move on to some better sector.
To get to 550 it would need some really good results and an acceleration of the dividend increases. Q1 looks really good, if oil stays where it is and gas doesn't dip much in the spring. But no one really knows.
Yes it is a lovely sunny day today.
Is the North sea about 10% - 15% of BP's FF production and about 50% of the UK's energy. You would think it must be cheaper for the UK than LNG from Trinidad or GOM at spot. Any tax will only decrease the competitive position of the North Sea.
I don't think even Biden would be dumb enough to tax O&G, they want more investment not less.
You definitely don't want your money tied up in a stagnante share Zac. Can I suggest you try something like airlines.
30% last year plus divi is not a bad return, if it does the same this year, I am happy. And they shold be signing some nice mid/longterm gas contracts at the moment, which make it more likely. And gas is ESG.
Markgo,
I think a lot of investment companies might want their year end accounts to say "ESG", so by not holding on the 31dec, they might be able to avoid the issue.
I think no-one wants to own BP on the 31st of December due to the stigma. So let's see how the new year goes.
From what I understand the ($6b) adjustment in Q3 came about because of the difference between inventory held for sale(closing spot) and value sold at for future delivery (Ave realised qtd).
With spot being at or below, average realised in Q4 I don't think there is any basis for any new adjustment.
I also believe there is some reversal to occur in Q4 due to some delivery of Q3 sales.
With that being the case they should have an outstanding Q4 on gas/LNG plus potentially some reversal of Q3 adjustment.
Nice post MikeM14. You absolutely right, if you don't want to buy the shares, then don't, if you don't like owning them, then sell and buy something else
Oil & Gas have had a good year. But that hasn't refected in BP's share price. Partly because they stashed away the money in Q3.
But we are half way through the annual slow period for oil usage and the price is $73.
Totally undervalued
Dividends are a giveaway to maintain the sp, which falls the moment they go down.
Buybacks are an investment in the future cashflow of the company.