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I wonder what Looney is up to. Could be the next Exxon/Chevron CEO, then put in a cheeky bid for BP. It hasn't been the same without him, I kinda miss the old rogue.
I’ve added here.
Lot of oilies are down.
Look at Petrofac, all time low. There is opportunity there
Morning all
Very quite Friday.
Oil at the bottom of the range OPEC seem to be defending.
We are now 2 month into our new CEO search, so there should be a list by now.
So that’s 2 reasons next direction for sp could be up.
Have managed to not buy so far, but is sp drops to £4.50, will probably top up
Onward and Upwards
Comons, I agree. The Saudi's need the income to fund the country, new cities, football etc.
They have been very clear, speculators/shorters will be punished. I am sure they play the market behind the scenes also: double win!!
Https://www.livecharts.co.uk/MarketCharts/brent.php
Good morning all
I think you missed the funny side to that comment, look again
I'm at BUY for BP
Brave move !!
I wouldn't be surprised if the Saudis cut production after what they have said.
I think the thee should be ye
It's a real blast from the past
It's Yorkies that were famous for their short arms and deep pockets lol
Although as a young kid, I still remember to this day that advert of the little old scotsman, as he said 'Aye, yee wouldneee be having a sale now, would thee'
I’m sure we always buy a bit more on ex div day.
I assume it’s a volume thing,but part of me thinks buy extra the day before instead and save a few 5.5 p( maybe that’s just the Scottish upbringing).
BP p.l.c. (the "Company") announces that on 9 November 2023 it has purchased, in accordance with the authority granted by shareholders at the 2023 Annual General Meeting of the Company, a total of 4,428,252 of its ordinary shares of $0.25 each ("Shares") on the London Stock Exchange and Cboe (UK) as part of the buyback programme announced on 31 October 2023 (the "Programme") and as detailed below:
Added 25% increase in my lth portfolio ar 4.75. Good vLue at that level.
All this buying has taken it back up
Maybe a few will leave the register tomorrow but it's a good showing
Just taken another 1000 at £4-74 and that's me done for now
10k holding and a happy Christmas to come, God willing.
Not sure myself yet about where this will be in a few weeks. I'm still sitting on the side lines after selling on euphoria last week.
On the bright side i can but quite a bit more shares with the capital at todays price:)
It's always a waiting game unless you get extremely lucky within a day or so
Keeping averages lower with income has made this share one of the best held
Working capital well placed in my book
A Brave move ;0)
It got there in the end, fully back in now,gla
Clued
“Time in the Market”
Couldn’t agree more.
Won’t say what my average is but some shares have been split in 2 twice.
So even with recent purchases and sells is nice and low.
Approx 40 years holding BP
First impressions is that these are unusual times, but if you look back at a graph of sp, this last few months do not look out of the ordinary.
Jamtart1, many 'should have sold' with hindsight', me also !! Patience required. China isn't done yet, Middle East could flare up, USA is 50:50 who knows, OPEC+ will probably extend their prod cuts.... Anything can happen even the UK cutting the EPL 'when' insufficient licences are taken up by new North Sea oilies, etc... Already one large merger didn't take place and Harbour Energy's net profit dropped materially. Even Labour won't want to have to import oil and gas.
Noo
Ripley94, Time in the Market rather than Timing the Market where BP is concerned now. Yhe Fundamentals are extremely good so Patience required !!
Did not realize ex div today when buying yesterday .
It is paid 4 times a year so at 4% per year down 1.33% down is about even .
Sorry to hear about big losses for some posted yesterday .
Share dealing does seem more like gambling as time passes .
Very low interest rates must of encouraged those with savings to take more risk .
I have some big paper losses , it is a waiting game .
Bet, not best*