Saudi Aramco plans takeover of BP's Castrol

Saudi Aramco $2222 is in the early stages of planning to make an exciting bid for BP's lubricants division Castrol $BP. (-6.19%) lubricants division. According to a source with insight into the situation, BP is reviewing all options for its Castrol business. This strategic review could potentially lead to a sale. Analyst Ashley Kelty estimates the value of the business at around 6 to 8 billion dollars. This could be a significant development in the oil and energy sector. BP has also set itself ambitious targets, with the company planning to sell $20 billion worth of assets by 2027. This should help to reduce capital expenditure and regain investor confidence. While talks between the two giants are still in their infancy, BP shares rose 1% to 412.15p, highlighting market interest in this potential takeover.

Disney lays off almost 6% of employees

In the USA, the Walt Disney Co. $DIS (-8.8%)plans to lay off around 200 employees, which corresponds to almost 6% of the total workforce of ABC News Group and Disney Entertainment Networks. According to reports in the Wall Street Journal, an official announcement could be made to employees as early as Wednesday. Disney, like many companies in the entertainment sector, is facing a drastic decline in cable network viewership. In addition, the number of subscribers to the Disney+ streaming platform has steadily declined in recent quarters. This has led to Disney's shares falling by 4% over the last 12 months, while Netflix has seen an impressive increase of almost 60%. Despite the challenges, Disney has performed better than expected in recent reporting, even if the decline in Disney+ subscribers cannot be ignored. The developments show how dynamic and challenging the market for entertainment and media has become.

Sources:

https://finance.yahoo.com/news/saudi-aramco-exploring-initial-bid-134415735.html

https://finance.yahoo.com/news/disney-lay-off-nearly-6-133014116.html

In the latest news, BP ($BP. (-6.19%) ) is causing a stir among investors. A group of 48 shareholders has called for any changes to the company's climate targets to be approved by investors. This follows reports that BP is planning to withdraw its targets for reducing hydrocarbon production by the end of the decade. 😲

Matt Crossman of Rathbones Investment Management emphasizes that shareholders' rights must be respected. Many investors have invested in BP because the company once positioned itself as a pioneer in the fight against the climate crisis.

In 2019, 99% of shareholders supported a resolution calling on BP to set out its strategy in line with the Paris climate goals. But now the target to reduce hydrocarbon production by 40 percent by 2030 could be lowered to 25 percent. What do you think? Is such a reversal of climate targets a step backwards for BP or a necessary adjustment? 💭

The BP share ($BP. (-6.19%) ) is showing upward trends! 🚀 The reason for this is the rumor that the British oil company could sell its lubricants business, known under the Castrol brand, for up to 10 billion US dollars. This move could be a response to pressure from activist investor Paul Singer and his hedge fund Elliott Investment Management, which has already called for cost cuts and asset sales.

The sale could be officially announced at the Capital Markets Day on February 26. This may be BP's way of regaining investor confidence after a rather modest performance in recent years.

What do you think of this strategy? Is the sale of business units the right way to get the company back on track? 💭 And how do you see BP's future with regard to renewable energies? Let's discuss it!

$BP. (-6.19%) Congratulations to all BP patience...the holding was worth it :)

Tonight I also triggered a limit order at $BTC (-4.58%) triggered a limit order. A first smaller partial tranche has been sold. Everything is going according to plan. I have even revised the targets announced in my #krypto -I have even adjusted some of the BTC targets announced in my post upwards. This means that the limit order was triggered at around USD 106,500 / EUR 99,000. Over USD 10,000 more than planned. The order, which I also placed with a lot of gut feeling after my analysis, happens to be as good as the nightly top 🥰

The next tranche is at 104,000 EUR / 109,300 USD.

Even though my planning and analysis is based on USD prices for crypto, I have set the limit orders in EUR prices.

I am now also publishing what the profits and stakes will be reinvested in. The exact securities I am looking at have not yet been explicitly mentioned.

So far, investments have been made in $HSBA (-6.34%) from the proceeds of $XRP (-4.28%) , $LINK (-7.38%) and the first tranche of $UNI (-4.72%) -sales.

From today's first tranche of $BTC (-4.58%) -sales, I entered $SHEL (-4.82%) I have entered.

What else will come according to plan? $BP. (-6.19%) As a single share. I would then have 3 shares to cover the third month of each quarter with distributions in a separate portfolio. I want to cover the first two months with ETFs, including the first month with either the $EXSB (-1.07%) or (and) $EXX5 (-3.04%) and the second month with the $FUSD (-2.84%) . Will there be any overlaps with my main or one of the two old ETF portfolios in terms of the composition of the securities? For sure! But that doesn't matter to me, as I consider this portfolio, in which the crypto stakes and profits are invested, separately. As you can see from my articles, this is all about building up the basis, the dividends from which I will then use to build up new crypto holdings in the coming bear market so that I don't have to draw on my net salary. This is because the net salary is firmly earmarked for the regular savings plans and the distributions from the main and old portfolios.

Based on the current prices, I think that my second BTC tranche will be the next to fall. The altcoin season should start very soon. I can hardly wait $BCH (-2.81%) , $LTC (-4.87%) , $SOL (-6.86%) , $DOT (-0.96%) , , the rest $UNI (-4.72%) and $MATIC (-3.79%) to finally get rid of it. But I think it will be most exciting with the higher planned tranches at $BTC (-4.58%) and $ETH (-5.44%) .

Analyst updates, 02.12.24:

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- EXANE BNP upgrades NOVO NORDISK to Outperform. Target price DKK 930. $NOVO B

- HSBC upgrades LVMH to Buy. Target price EUR 727. $MC (-4.43%)

- WARBURG RESEARCH raises target price for MTU from EUR 278 to EUR 297. Hold. $MTX (-2.31%)

- GOLDMAN raises the price target for VISA from USD 324 to USD 347. Buy $V (-2.64%)

- DEUTSCHE BANK RESEARCH upgrades BASF from Hold to Buy and raises price target from EUR 50 to EUR 55. $BAS (-5.22%)

- DEUTSCHE BANK RESEARCH upgrades BURBERRY from Hold to Buy and raises target price from GBP 8.60 to GBP 11.80. $BRBY (-8.07%)

- GOLDMAN raises the target price for AROUNDTOWN from EUR 2.90 to EUR 3.70. Buy. $AT1 (+4.05%)

- GOLDMAN downgrades TOAST from Buy to Neutral and raises target price from USD 34 to USD 45. $TOST (-6.41%)

- HSBC upgrades HERMES to Buy. Target price 2500 EUR. $RMS (-3.51%)

- MORGAN STANLEY upgrades ZEBRA TECH to Equal-Weight. Target price 400 USD. $ZBRA (-18.55%)

- JPMORGAN upgrades AIR LIQUIDE from Neutral to Overweight and raises target price from EUR 161 to EUR 195. $AI (-2.82%)

- JPMORGAN raises target price for PUMA SE from EUR 44 to EUR 47. Neutral. $PUM (-9.65%)

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- GOLDMAN lowers the price target for MASTERCARD from USD 563 to USD 557. Buy. $MA (-3.47%)

- WARBURG RESEARCH lowers the price target for AIXTRON from EUR 26 to EUR 24. Buy. $AIXA (-2.7%)

- METZLER lowers the price target for WACKER NEUSON from EUR 14.50 to EUR 14. Hold. $WAC (+2.07%)

- DEUTSCHE BANK RESEARCH downgrades K+S from Hold to Sell and lowers target price from EUR 9.75 to EUR 9.50. $SDF (-0.18%)

- BERENBERG lowers the price target for BP from GBP 4.70 to GBP 4.40. Hold. $BP. (-6.19%)

- RBC downgrades IBERDROLA from Outperform to Sector-Perform. Target price EUR 14 $IBE (+2.93%)

- RBC lowers the price target for RWE from EUR 52.50 to EUR 45.50. Outperform. $RWE (+1.77%)

- JPMORGAN lowers the target price for ORSTED from DKK 460 to DKK 430. Neutral. $ORSTED (-1.38%)

- JPMORGAN lowers the price target for ADIDAS from EUR 275 to EUR 266. Overweight. $ADS (-10.97%)

- JPMORGAN lowers the price target for LVMH from EUR 685 to EUR 650. Neutral. $MC (-4.43%)

- JPMORGAN lowers the price target for HUGO BOSS from EUR 43 to EUR 42. Neutral. $BOSS (-6.2%)