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I recon there will be no dividend increase this quarter/ but I do not think that is a negative reflection. BP is still a bit of lumbering giant and takes it time on decision making. If the dividend is not increased that leaves more in the bank so to speak for the past accounting period. From what I read it looks like oil and gas will remain high for a while with some analysts saying oil in particular but gas as well will rise higher prices out of the ground. By the time end of year results come out is when I expect a divi increase with the share price having moved up a bit. Not saying this is a cash cow but it is moving in the right direction and a delay in increase gives time hopefully fo better decision making whilst the transition moves on. After all they are not under huge pressure to increase the divi. and some cash in the meanwhile may be used for other things.
If you are not short, and you don’t believe this share is going to do very well, I have life changing advice for you. “Go somewhere else.” Where you believe the share will do well.
Trust me that’s the way to go, it will save you years of heartache.
So if you are not short, are you long or just a nasty troll ?
I am not short
Could the hearing in America be having a impact at all, or is it just background noise?
I can understand people’s frustration. Sometimes BP seems like a one-armed-bandit aka fruit machine. You put your money in. You pull the handle. It comes up three cherries in a line. You think you are in for the jackpot. But instead of the tinkle of cash all you get is a message saying your winnings have been used to fund the purchase of another fruit machine.
Tinker
Well annalisa,
a dividend increase is not going to happen so you should either sell (and move on hopefully), or sell short if that is your conviction.
I find lots of people on this board so dis honest.
“No really, I am long but ….
the share has topped, sell sell sell…
but I do hope the price goes up”
I have much more respect for someone who is openly short and backs their statements up with some sort of reason.
One more thing I hate is the “the long goodbye”. I am going to sell, goodbye, I am selling see you later, I am just about to sell bye bye. I have my finger on the button. I promise I will.
At last someone who speaks sense
I have awful feeling our dividend will not
Be increased if that happens we are going
To go down
We are down 3% from last weeks high
So that’s telling us something and as you
Point out not very inspiring rdsb today
Oil is NEVER going to hit 100 dollars
It’s starting to struggle now
Keeping above 80 dollars is as good as it will get
Share price growth will only come from
Dividend increase
annalisa your comments are fair. It would be amazing if we hit £5 anytime soon. In fact RDSB fell today before tomorrow's expected bumper results. It's like the market is saying " your results tomorrow will be amazing, but just not amazing enough". I don't see BP on 2nd Nov posting results good enough to raise the share price - UNLESS they address the dividend. If there is any move upwards in the next coupla days I will sell one third and buy back into Evraz. That's my honest strategy. BP and RDSB could surprise us. There is no rationale that can predict that. I especially avoid chartist predictions.
So now it’s a pullback
Yesterday it was £5 in less than 2 months
More rubbish spoken
This is taking a nice breather ...
Exactly as it was expected
Shares never go up in stright lines so expect a healthy pull back specially when massive profits behind the company
GLA