The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Garbage....bp profits are obscene
Painful indeed! See my comment below re: timing the market however
Not looking good for tomorrow. Oil price tanking.
Keepplugging...you need to get your facts straight.
"Fuel duty is currently levied at a flat rate of 52.95p per litre for both petrol and diesel, while VAT at 20% is then charged on both the product price and the duty." (for nothing, just a tax)
Forecourt profit is around 10p (for a service)
Who is ripping us off the most??
Everything up to refined products is decided by global supply and demand. EPL is double unhelpful, as it just undermines exploration in the UK, which ought to have national interest.
Keeppluggingaway, no one is forcing people to buy petrol, diesel or gas. If something is viewed as too expensive, then don't buy it. Use public transport, walk, or don't travel. That'll bring the price down, simple Damamd and Supply. Re the criminal EPL, the high level of that encourages higher pump prices. The UK Govt has severely punished some of the Oil and Gas cos working in North Sea, and that cannot be morally right, eg HBR.
Some of the garages are being ripped off by brazen folk who fill up and drive off without paying, not at all bothered about being filmed doing it
Thick skinned or what? Some world we live in
The public being ripped off at the pump .....obscene profits from the likes of bp are to blame ...not just government taxes.
What date is that? Ex-divi day i mean
Buy backs continuing at this nice low price....and just before ex-dividend day too
I'm the same W.P
I wouldn't worry about the prices paid under a fiver either, infact I'd have many more at £4-80ish but I'm back down to just over 6k of my 25k trading balance after taking another 4000 at an average of £4-88
You'll never catch the peak and you'll never catch the low - I jumped in at 488 and 485. This investment was on fundamentals - strong operational performance, large p/e gap to peers, expected jump on new CEO announcement. I can weather short term losses as we only reduced to a trading miss.
Brent down 3% due to China, but their gov will continue to add stimulus, meanwhile India is growing at a clip whilst record oil demand growth is occurring. Fundamentals are there so I'm moving to ignore any day to day movement
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.