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1.ARMANI
Remember in 2019 oil averaged $63 barrel. The share price ranged from £5.70 down to £5.10 and we received about 40cents in dividend. These were the days when we were professionally led by a true blooded oil and gas CEO, Mr Bob Dudley. Imagine where we could be today with an oilman at the helm. That is why we cannot have Murray Auchincloss an accountant as CEO.
@TinkerT - Like you I am also surprised we have dipped this low.
I was looking to buy back in after selling following the peak, my buy back target was about 4.90 but now not sure how low this will dip before going about $=£5 again..Hmmmm
Y11-shx, Yes, I did hear something about the Greys from planet Zog showing Pres Biden in early 2024 their totally non oil and gas energy technology which extracts power from the air. Incredible stuff I believe !!
Sp was £2.05 23 rd October 2020
Why has it increased to £4.80( with some higher peaks)
Is it the lower debt
Is it the buybacks?
Is it the oil price ?( was about $40 then)
Is it the div increases?( div has increased by about 45%, but from a very low base)
And I’m not defending it.
It certainly does not appear to be an effect of all 4 improving
All 4 are very positive,hence why so many consider £4.8-£5 a buying opportunity.
I’m very positive, but boy is it frustrating to own BP
Hold in there T.T
We've been here more times than I can remember
Opportunities will arise for one and all.
Anyone looking at today’s SP would be forgiven for thinking today was xd date. We’ve had the divi drop before the divi drop. I topped up at 499 and thought I was clever. More fool me. This one pokes its head above £5 now and again and we all cheer but the reality is that for most of the year we’re well below that.
Great opportunities for traders I suppose. It is what it is.
T
Theaky,
I wholeheartedly agree BP is in dire need of an O&G CEO as per my post yesterday.
Bin Burn backs and pay an increased dividend.
I'm long on BP and will add after ex-div.
gla
Easily has the potential to be a six pound share as early as the new year
I don't have a problem with the current S.P because it will rise and the dividend is acceptable right now,
My buy triggered at just under 482
1.ARMANI,
How much added value to the m'cap would there be.
1. The appointment of a new CEO with an oil first attitude.
2. The reinstatement of the pre Covid dividend.
BP is in exellelent financial health held back by poor leadership and bad decisions.
Shocking peak 250B. USD to 102.7B
https://companiesmarketcap.com/bp/marketcap/
Great work and a tidy dividend to look forward to
Average pushed up slightly to 289 but I can live with that.
If you've got a nice average they're a definite buy right now
Just under 6k now for me, a no brainer at this price
Just added also, brought my [personal] holding up to 8.5k shares.
A fiver minimum is my price for this share in the current climate, anything under is fair game, back to a 9000 holding and a decent divi for Christmas.
Here, here Halma
I topped up a bit too early myself yesterday but predicting the current market is impossible with so many economic variables. The fluctuations in oil prices due to the tug of war between demand and supply and an evaporated middle east crisis premium is driving the current share price volatility but one thing is for sure by all metrics, BP is way undervalued at this temporarily low price.
Assuming Q4 tracks Q3, we're in line for $18bn of RCOP this year, 31.4bn in op. cashflow, 43.5bn EBITDA, after a record year last year and substantially >10% of the share count reduced over the past three years
How we are under £100m market cap blows my mind
Year 11 - your msg @ 9.14, should you not be in your classroom? 😉
Https://seekingalpha.com/article/4647993-bp-struggles-hide-strong-cash-flow
Just taken another 2000 at £4-84
God help us if we all listened to some of the nonsense comments
It is with deep regret that I have to announce the return of y11-shx after a too short period of remission. Symptoms of delirium, confused thinking and a pain in the butt are to be expected.
Exxon, Chevron etc not fared much differently over the last 12 months
Y11-shx I wondered where you were
You certainly bring a smile to my face with your comments
Good luck and buy some :)))))))