BP Share Price (BP.)

All positives signals but my data shows that you may see a last build this week before weekly draws. This is total manipulation if happens. Election manipulation. Only delaying the inevitable.

Trinidad and Tobago has received bids from energy majors BP, Shell, and EOG Resources on four blocks for oil and gas exploration as part of 2023 shallow water auction, reported Reuters.

Trinidad and Tobago Energy Minister Stuart Young was cited by the news agency as saying that the government plans to announce the winners in four months time

All three companies submitted bids for the Modified UC block, which is located close to the Teak, Sammaan, Poui producing fields.

However, the auction received bids from no other bidders.

The government offered 13 blocks in the auction in October 2023, but only four attracted bids, all from companies already present in the country.

EOG Resources showed interest in three blocks including Modified UC; the Lower Reverse L, which is west of Shell’s Manatee discovery; and NCMA 4.’

BP up 1.85% in US

WTI crude up 3 %.

Interesting times

Sadly there are too many lefty whine, teenage Greta loving, orange paint throwing nutters out there ready to attack the next business or institution that invests or has a stake in the dirty stuff.

So BP is IMO unloved because of leadership debacle and it’s tainted by the Climate Change Elites.

Hopefully it’ll turn in years to come. If you can’t or don’t want to wait years, SP is probably at a reasonable level for a possible trade as it’s likely in the lower range atm

Robina, many institutions won't buy oil and gas shares for their funds because of their ESG policies and pressure from Climate Change activist shareholders on their institutions, eg Banks, Fund Manager Cos., not to buy them. Ironically, these same decision-makers, re whether to buy non-ESG stocks or not, probably fly off on holidays somewhere a few times a year, also business trips, using planes with high carbon fuel, rather than cycling, rowing or electric car driving !!

Yes, I think BP is a screaming buy otherwise.