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I wouldn't bet against this dropping more, we're only one large oil build away from 460s.
+'ve I see on macro is the earnings season we are currently going through most industries are delivering pretty strong earnings which will flow through to Q2 earnings
Currently on a sharesave scheme, £3.91 strike price 2026 vest date - seems a no brainer way to make a couple of thousand tax free - although it annoys me it doesnt generate dividends through the program.
This years programe comes out soon - I'll only do it if we continue sliding downwards and we get a c: £3.70 strike price
Made £11k profit (tax free) from my last one, had a £2.49 strike price, sold for £5.58
Hi Jakers,
I cant see the EU (or any other trading bloc/country) sanction this. It sets a dangerous precedent and there's a reason most EU countries are against this.
The only thing I can see is each government coming out and stating rules their companies have to follow to dispose of russian derived assets - e.g. govt's need to be made aware of any sales x months in advance and allowed to vet all parties involved. There's a bunch of middle east and Asian states who would encourage their national champions to pick up assets for pennies on the dollar. We might not get 100% back, but we'll sure get something. Remember, all we've done to date is resign from the board and changed our accounting. The dividends and value of the stake is very much real and growing QoQ.
Good question - and I agree with the poster below as to this complicates things for any potential buy-out.
Say we do onshore the profits from Rosneft to date, or at least the divi's - surely this goes to a special dividend and not to the balance sheet?
Thinking of taking a position in NESTE, post their earnings miss. Looking to understand the bear case from people with O&G experience - any thoughts?
(as a side note, would be a solid M&A move at current prices for one of the O&G big boys)
The whole plan makes me laugh, where do labour think they'll get the money or people willing to join such a venture? The world has moved on from the 70s. Its a manifesto filler and thats it.
If they increase taxes anymore on bp / Shell UK derived revenue, you're forcing them to relocate to the US. No wonder the FTSE is on its last legs. We dont have a pro business political option in the UK.
Wow a lot of anti-bp commentary here today - the SP YoYos continuiously between 445 - 520, its one of the most reliable stocks to trade these days and there is easy 10-20% to be gained plus divi's for those who watch closely.
The days of holding Oilers for the pension is over, its a fundamentally different investor proposition now, catch a value trade and sell, instead of holding for 20+ years.
IF (and its a big IF) Tesla's supercharging network is up for sale (I assume split geographically) there would be a bid process in which I anticipate bp would be squeezed out of, or at least have serious competition from PE, Hedge funds, Shell, Total etc.
I think Tesla could get a better valuation if they split it up vs. divest it in its entireity - Which is why I feel this story is just lazy journalism to get clicks, rather than what makes business sense.
I think the media has somewhat distorted the bp - Tesla Story.
bp came out and said they are interested in purchasing Tesla supercharging sites from landlords, not via equity investment or acquisition of Tesla charging business [from Tesla]. The articles somehow tie bp's investment commitment of $1bn by 2030 to active deals with Tesla for an equity position. I can't see Musk divesting any stake of his charging business until he really has too (i.e. after layoffs stop working to cut SG&A costs). To put it bluntly $1bn is nothing to Tesla, why would it risk giving up strategic control of its charging network for this figure - it simply doesnt pass the logic test.. no matter how much bp would like a piece of Tesla's market position.
It's made a splash in the news, but it seems like bp weren't clear enough in our comms which has led to media speculation.
Here's my view on the global econ (for what its worth, I estimate £2.50).
We had one huge slew of COVID money come into the economy causing inflation.
Therefore inflation impact will be one big hit (that we're mostly over now). Central banks (Fed, BofE, CEB) will manage it back down to 2-3% over the next 30 months.
Markets are returning to normality and US big tech remains largely in-line from a historical PE perspective, despite 'AI boom'. This means you simply have to be in the US big 5/6 or it'll be extremely challenging to beat the market. Also, are the big 5 really going to smaller or larger in 5 years time?.
As interest rates go down, the cash in savings account/mm funds flows back into the market... those who sought the safety of cash will have their head turns by reliable divi players. This should give a boost to the 'old economy' stocks referred to below. As econs start to grow again, mftg picks up, production picks up, construction picks up creating a mini boom for commodity stocks (O&G, mining etc.). FTSE becomes more appealing and lifts the index as whole.
£2.50 please
In short I'm long on US big tech (obvs) and large FTSE stocks who dont have too much exposure to the UK, but generate most of their cash overseas.
As a side I've got a portion dedicated to India and asia ex. Japan... China and India still the two fastest growing economies which will lift themsleves and the region (think US - Mexico impact). I think India is better positioned to grow as it has more native english speakers vs. China (and a more trad. capitalist govt).
Looks like it'll be a solid weekend meoryou,
Kicked off my GIA this week - couldnt resist a [small] dip back into Shell & bp as part of my UK leaders portfolio. Exactly the type of co's I need to balance the portfolio along with UK listed miners and banks.
Enjoy the sun!