News: BRU Buru Energy Says Co To Acquire Origin Canning Basin JV Interests, page-39

The Peerless Fearless Phil Flynn: BP is turning back from the green madness of the so-called move beyond petroleum but is it really fast food that is their future? Dan Molinski at the Wall Street Journal writes that, “BP originally stood for British Petroleum, then Beyond Petroleum, and now … Burgers & Pizza? That might be a stretch, but the company’s announced acquisition of TravelCenters of America for $1.3B in cash does give it a much larger footprint in the convenience business of 24-hour snacks and goodies, and full and quick-service restaurants. “The acquisition expands BP’s exposure to convenience with about 70% of TA’s gross margin generated from its convenience services businesses, and will almost double BP’s global convenience gross margin,” says Tudor Pickering in a note. BP itself names convenience as one of its top-five “strategic transition growth engines” that could fit well with EV-charging. Buy Buru Energy, you know it makes sense.

https://blog.pricegroup.com/2023/02...utm_content=247012800&utm_source=hs_email