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Just dont ask him about (ducks) BOO.
The positivity there is arguably higher than the national grid
I'm Happy, hope you're Happy too
wooooo
LeeRex,
You write "Need the CEO position confirmed, and hope it’s a positive 1."
Looney has transformed BP into such a confused mess. He initiated a green transition policy based on ridiculous figures and wishful thinking. He had 3 years throwing money around like confetti at a wedding. And now, we find ourselves floundering considerably marked down against our peers with an interim CEO who's message, "business as usual ". It's really pathetic there is 20-30% upside in easily achievable shareholders value. We only lack a leader with the cahonas to achieve it. A Suella Braverman of the oil and gas world is required. Not a Richi Sunak from Canada.
Love the cross board banter!!
Surprised BP is lagging in a positive upbeat(ish) market
Need the CEO position confirmed, and hope it’s a positive 1.
Happy you turnip, come and tell us all your wisdom about Tullow or are you too upset at how rubbish BP is and Tullow success is salt in the wound? You prized sausage.
Https://www.livecharts.co.uk/MarketCharts/brent.php
Onwards and upwards :)
I got your joke my friend and I did raise a glass to the King because I'm not that far behind him
Halma1983, Are you so stiff you don't understand a joke. Go and raise a glass to the King on his 75th. Hurrah. Lol
All this stress isn't good for you
Step back and stop over analysing the S.P on a daily basis
Well the day ended rather flat. We are in need of some good news or geopolitical event to get the share price moving again. Then again, now we have that slippery Mr Cameron as Foreign Secretary he know doubt will now bring on "World Peace" and allow us to get our share of Rosneft back. All for commission ofcouse.Lol
I think you'll flatline before BP does
lol
Phew!
To be fair this is a very VERY good stable share to hold for this who want to have a relatively 'risk free' share, with a DIVI :)
*5.49 - i mean
Agree - I think with all the renewable investment, the days of gearing up to pay dividends are well and truly over.
I do think we will see an elevated oil price environment over the next year - OPEC has shown how effective it is at maintaining margin and with Saudi requring 70-80$ oil to balance its books I can't see them flooding the market like they have done previously. They have so many more high capital projects through to 2030 that demand and margin is catastrophic for MBS's plans.
WP
“It makes complete strategic sense to continually reduce share count now... it means when the strategy swings back in favour of dividends the SP increase should be considerable.“
And also due to reduced share count will make the div very much more affordable at those higher levels
No more paying div out of borrowed money in the bad times.
Also think some of the new earning streams paying 15% will help smooth out the bad times.
Because we always know oil price never stays high for ever.
I did the same at 449, not sure when to but back in again.
Seems like better gains are available elsewhere right now. I've invested some gains into Wizz and Ocado for now and rest im chucking at RR. RR has a great outlook all things being equal :)
I have to admit the divi has been pretty disappointing since COVID - I wonder how much pressure a new CEO will put on his/her CFO to alter the financial frame which currently favours buybacks over divis.
Saying this however - buybacks are being done as our p/e is so fudging low we are incredibly cheap vs peers, I'm actually on the side of bp on this one. It makes complete strategic sense to continually reduce share count now... it means when the strategy swings back in favour of dividends the SP increase should be considerable.
In addition, I held BP, steady, for around 2 years, for the slow long term ups and downs, plus pitiful divis. Since Summer 22 I have been actively trading BP in and out and have increased my worth (net of share purchase tax) far more than had I just held for the long term. I hear in the good old days BP paid proper divis, but these days, even in the higher Brent era, the divi is not worth the ups and large downs.
I got out at 5.54 couple weeks back. All looks flat line to me. Maybe I will go back in at 4.60.
Meanwhile:
https://www.iea.org/reports/oil-market-report-november-2023
Same with anything in life,
Try and give yourself the best opportunity by staying infront
It's swings and roundabouts with investing, I think we'll do ok here as things stand.
It could ofcourse go much higher if good news is forthcoming, we shall await developments before making any knee jerk decisions.
I personally find it hard to understand why so many stay invested in BP if they have so little faith in the board.
This is not about believing the board are right or wrong, but believing that you only invest in what you believe in.
There have been 4 times this year where you could minimise losses and get out.
And picked a winner elsewhere
If I felt so strongly I would have taken a loss,instead of keeping hoping for a new board ,or new oil CEO, or a merger, to rescue your investment.
Just my opinion and all have differing circumstances.
And as said above that’s not apologising for the board,who definitely could have done some things differently.
Https://www.livecharts.co.uk/MarketCharts/brent.php
Excellent posts.