dont want it up, dividend next week. |
Shell down 1.3% makes no sense |
Oil up 1.25% BP down .6%. Great innit |
The gov plan to spend 22bn on CCS'ssame amount as the 22bn black hole the gov claimed they inheritedSo maybe they now have two black holes |
Being cynical I read that as a way of UK govt DESNZ / BP Equinor spinning approval of the build of a new gas power station on Teeside. An admission that the UK cannot deliver secure energy without continuing to burn natural gas until beyond 2050. That it comes with an intention to fit CCS, using as yet unproven technology and to an as yet unbuilt untested storage facility concept, does not butter my parsnips considering BPs track record backtracking on green commitments. The UK will be in no position to shut it down once in place, with or without CCS.
Ensuring the market for North Sea gas continues, which is BP Equinors real interest.
And in any case presumably the CCS commands a price premium which we consumers will have to pay for. |
HTTPS://www.aol.co.uk/news/bp-equinor-build-major-carbon-164324533.html |
So things now make more sense. Why would BP share price strengthen following an announcement about a globally significant wind farm investment JV? Because in reality it means BP has stepped back from prior plans to invest in a whole raft of wind farm projects around the world with various partners. Confirming a cut in suspended renewables investment to further concentrate on oil and gas, pandering to US market investors and continuing the reversal of BPs transforming to a greener future. |
It went up 1.8 when the ft is down 72. To me, it's saying that Murray A is now getting it right. The market like it. As always, time will tell. It's just nice to see 2 days of blue sky's! |
 BP p.l.c.: Release of a capital market informationSource: EQS Regulatory NewsBP p.l.c. / BP responds to 'mini-tender' offerBP p.l.c.: Release of a capital market information10.12.2024 / 17:10 CET/CESTDissemination of a Post-admission Duties announcement transmitted by EQS News - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement. Press ReleaseDecember 10, 2024BP responds to 'mini-tender' offerBP p.l.c. (BP) announced today that it has received notification that on November 19, 2024 TRC Capital Corporation (TRC) commenced an unsolicited, below-market mini-tender offer to purchase up to 4,000,000 of the American Depositary Shares (ADSs) of BP (equivalent to 24,000,000 Ordinary Shares, or approximately 0.1 per cent of BP's outstanding Ordinary Shares), at a price of $27.95 per ADS. The TRC offer is being made at a 5.00 per cent discount to the ADS closing price of $29.42 per ADS on November 18, 2024, the last trading day before the offer commenced, and is below yesterday's closing price of $30.09.In addition to being below-market, the offer by TRC contains other terms which may be disadvantageous to tendering ADS holders.BP does not endorse TRC's offer, and BP recommends that ADS holders reject the offer and do not tender their ADSs in response to the offer by TRC. BP is in no way associated with TRC, the mini-tender offer or the offer documents. The TRC mini-tender offer is not related to BP's own share buyback program to repurchase Ordinary Shares.TRC has made many similar, unsolicited mini-tender offers for shares of other companies. Mini-tender offers seek to acquire less than 5 per cent of a company's shares, thereby avoiding many disclosure and procedural requirements of the U.S. Securities and Exchange Commission (SEC). As a result, mini-tender offers do not provide investors with the same level of protection as provided by larger tender offers under United States securities laws. The SEC has issued tips for investors regarding mini-tender offers on its website at www.sec.gov/investor/pubs/minitend.htm and https://www.sec.gov/fast-answers/ answersminitenhtm.html. The SEC has cautioned investors about mini-tender offers, noting that "[s]ome bidders make mini-tender offers at below market prices, hoping that they will catch investors off guard if the investors do not compare the offer price to the current market price." The Canadian Securities Administrators have also expressed concerns with mini-tender offers in an investor alert ("Mini-Tender Offers - Watch Out For Mini-Tender Offers at Below-Market Price!") accessible at BP urges ADS holders to obtain current market quotations for their ADSs, to consult with their broker or investment advisor, review the conditions of the offer and to exercise caution with respect to the TRC offer. BP recommends that ADS holders who have not responded to TRC's offer take no action. According to TRC's offer documents, ADS holders who have already tendered may withdraw their tendered ADSs at any time prior to 11:59 pm New York City time, on Wednesday, December 18, 2024 by providing the written notice described in the documentation.BP encourages brokers and dealers, as well as other market participants, to review the SEC's recommendations to broker-dealers in these circumstances, which can be found on the SEC website at https://www.sec.gov/divisions/marketreg/minitenders/sia072401.htm.BP requests that a copy of this news release be included with all distributions of materials relating to TRC's mini-tender offer relating to BP ADSs. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.10.12.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Archive at www.eqs-news.comLanguage:EnglishCompany:BP p.l.c.1 St James's SquareSW1Y 4PD LondonUnited Kingdom End of NewsEQS News Service2048309 10.12.2024 CET/CEST? |
If the rise was due to the Bloomberg merger article then it will probs drift back down, but if it was because the Jera announcement showing lower capex demand on bp then it might not go back down. Jan/early Feb might also see a rise as expectation of the feb strategy announcement increases but when announced it probs falls back again. |
Nice to see BP holding up well on a market down day. I think yesterday's news was welcome. Let's hopefully get back to mid 4s. |
It needed that good news today. Still 6.5 below 4.00. It will be interesting to see the statement from BP. in February. Hunch, do you reckon de- listing is on the cards. Statement is a long time coming. As I say, just a hunch! |
cant it wait till dividend is in first. |
In the spring of 1998, with oil hovering near $10 a barrel, BP Plc reached a dismal conclusion: Its future as a standalone company was grim. So John Browne, its chief executive officer at the time, rang the chairman of US rival Amoco and proposed a merger. The deal, announced in August of that year, triggered a flurry of M&A activity that created the current Big Oil mob.Above is part of what is behind a pay wall on Bloomberg. Article is about BP should be put up for sale.Don't know if this has triggered the rise |
Go BP, go. Are we hoping to get over 4.00. Our secret Santa present for Christmas! |
HTTPS://www.bp.com/en/global/corporate/news-and-insights/press-releases/bp-and-jera-joining-forces-to-create-top-tier-global-offshore-wind-business.html |
Doing well today. |
I will get a few.more if it hits 350 area |
Another reverse gusher for the share price |
Buybacks galore across FTSE shares...if take that punch bowl away you will see how many BODs are performing...
Blackbag215 Dec '24 - 17:43 - 100290 of 100297
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BP board could make an effort to stop this slide. They're not interested as long as buy-backs are favoured. Been going on too long now |
Guess we're all waiting on this announcement due Feb. Share buyback may ramp down, but I expect more of the same. The BP board speak and think more of UKGOV than shareholders. Wouldn't surprise me if we embark on another 'green transition '. We are rudderless at the mo'. GLA. BD. |
So is my holding scurff1. They might stop the buybacks at the beginning of their next financial year. Have to stop sometime. Who really knows? Just my guess! |
So is my holding. |
Share price falling + 25 million share buyback weekly. Basically, the company is getting cheaper by the week. |
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