BP shares jumped after active hedge boxes

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BP stocks increased by almost 7 percent in early trading on Monday, as the Eliott Management acquisition of the hedge funds on hopes for getting rid of the stalled oil specialization.

size Elliott class It was not revealed, but her participation in BP, which was reported for the first time on Saturday, will lead to a comprehensive reform of the group’s strategy and the direction of the Board of Directors.

“We believe that any activist will call for a change in the president, at least,” said Perj Bokhtaria, an analyst at RBC Capital Markets.

The stocks rose to 462 pixels, after closing on Friday at 433.25 pixels.

Before the rise of the two, BP He suffered from approximately 10 percent of stock prices in the past year, while investors criticized the weak performance and uncertainty about their strategy.

Helg Lund, one of the 10 best companies on the London Stock Exchange, has been chaired by the market value, since 2019. Auchincloss can recover from the “planned medical procedure”.

Auchincloss is expected to use the event to try to persuade investors that he has the right strategy for the company.

Jeffrez analysts said they believed ElliotThe company’s share can lead to the changes in the board of directors and reduce its business “with a focus on leaving low carbon assets and some retail areas.”

They added that the hedge fund could focus to focus capital expenses on the source projects, which will increase the generation of cash flow.

Borkhataria suggested that the assessment of the total parts of the BP business be much higher than the value of the current institution of the group of about $ 130 billion, including debt.