Bahamas Petroleum Company Live Discussion

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wizard47 27 Apr 2018

Re: news alert I think you spoke too soon.Down 8% as I write.

JBT2007 27 Apr 2018

Re: news alert So it transpires that the licence period has already been extended to June 19. This is therefore positive in my view. This time next year Rodders!...

Hallowed 27 Apr 2018

Re: news alert Well, the SP is holding strong which makes a nice change and if we continue to have these incremental rises and the trend continues that started on 4.4, then that is a good sign indeed. Yesterday even the 20MA crossed the 50MA and whether TA works on AIM or not, it does not do any harm. Let's see this continue.GLA!

Fatal Charm 27 Apr 2018

news alert Seems like Simon and his colleagues are still going for it , trying to get a good deal on our behalf, with the news of the application and that has to be seen as a positive. I am hanging in here and am wishing them well.

Uncas 26 Apr 2018

Re: SHELL Regional HQ from Houston. I'm thinking they got an eye on business wiv Cuba

Uncas 26 Apr 2018

Re: News Due - Rise Soz JBT - slight amend, Licences renew on 08 June 2018

Uncas 25 Apr 2018

Re: News Due - Rise Hi JBT - Doubt licence renewal news until end of June

JBT2007 24 Apr 2018

News Due - Rise Not much volume so the spike is interesting. Licence renewal news this week?

senn1965 17 Apr 2018

Re: SHELL Monday, April 16, 2018NEIL HARTNELLTribune Business [email protected]'s plans to relocate its regional headquarters to the Bahamas were yesterday described by a Cabinet Minister as a sign of increased confidence in this nation's economy and government.Desmond Bannister, minister of works, confirmed to Tribune Business that the multinational energy giant was "in the preliminary stages" of switching its operations to the Bahamas in a move that could create a major boost for local employment and this nation's standing in the global investment community."It's at a very preliminary stage, but they intend to focus their operations from the Bahamas," Mr Bannister said of Shell. "It's a good thing for the Bahamas, a good thing for the country. There's going to be... I can't tell you the figures now, but there's going to be quite some employment."The move follows swiftly behind last week's Cabinet confirmation of Shell North America as the winner of Bahamas Power & Light's (BPL) long-term generation contract, which will result in it leading a consortium to construct a new 270 Mega Watt (MW) power plant - fuelled by liquefied natural gas (LNG) - at Clifton Pier.Mr Bannister said Shell's potential headquarters move and the bid award were not linked, although some of the 18 rivals on the BPL contract may take a different view.The Minister added that the energy giant's decision to establish a physical presence in the Bahamas was an indication of growing investor confidence in this nation as a result of the Minnis administration's election in May 2017."Obviously these companies, international brands, are a lot more confident in the Bahamas than they were before, and looking to bring their business here, which is an indication of confidence in the Government. It has to be," Mr Bannister told Tribune Business."It's a big company we've attracted to the country, and all Bahamians can be happy with what is going to follow with respect to Shell." The Minister referred Tribune Business to the Prime Minister, who is travelling, and the Bahamas Investment Authority (BIA) for further details.Shell's potential relocation provides a major reputational boost for the Bahamas, especially given the timing and the circumstances in which this country finds itself.For the multinational's move comes just as the Bahamas is being forced by the European Union (EU) and Organisation for Economic Co-Operation and Development (OECD) to focus on mandating that companies doing business in this jurisdiction have an actual physical presence here - and engage in 'real activities' - as part of their anti-tax avoidance drive.Shell could thus act as 'the poster boy' for the Bahamas in making such a switch, with its global name and reputation encouraging other investors and companies to set up operations here. Many observers believe such 'physical presence' requirements will also increase Bahamian employment and boost economic activity.The potential relocation also aligns with the Minnis administration's efforts to restructure and reposition the economy by diversifying beyond the 'twin pillars' model of tourism and financial services, and further liberalisation and deregulation.It could also lend credibility to the Commercial Enterprises Act if Shell is making its corporate entrance under this legislation. Carl Bethel QC, the Attorney General, seemingly alluded to Shell's potential arrival during the mid-year Budget debate in the Senate."A large international trading conglomerate is looking to move its headquarters to the Bahamas," Mr Bethel said, without naming the company. "Such initiatives under the Commercial Enterprises Bill, and headquartering by international traders and high-tech companies, will hopefully continue to re-position the Bahamian economy, thus creating new highly-skilled and ultimately high-paying jobs throughout our economy."Shell's business, if it does relocate

senn1965 17 Apr 2018

Re: SHELL Sorry that should read Bahamas Senn

senn1965 17 Apr 2018

SHELL According to ADVFN SHELL are moving there head offices to the Bananas must be positive for BPC

wizard47 11 Apr 2018

Raise a glass I will tonight if the SP stays over a penny as it has been bumbling around below it for months. Is something afoot?

laallee 11 Apr 2018

Re: Struggling To Buy I can dump a million without negotiated trade at 1.05pI'll let them go if they move the decimal point one place to the right,,,

JBT2007 11 Apr 2018

Struggling To Buy Anybody else daft enough to be trying to buy at the moment?I'm struggling and having to refer to a dealer rather than simply buy via my online account. The dealer reckons they will be able to fulfil the order but it's taking time!Read in to that what you will...

JBT2007 10 Apr 2018

Re: ‘Hard decision’ looming on B... Interesting article and the timing is also of interest. Sounds like a "softening up" exercise to let the people, church leaders and environmentalists etc get used to the idea that oil exploration is happening regardless of the impact on the tourist industry.I am a little surprised that we haven't heard anything about the drill extension, don't know whether to be concerned or not...