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Https://oilprice.com/Energy/Crude-Oil/Could-Renewable-Diesel-Crush-Oil-Demand.html
Off topic apologies in advance.
Hi again Jeezoo
I have been on the receiving end of and utilised semi-truthful ways of delaying exchange of contracts or completion dates when it comes to my property sells or buys.
I certainly would not promote or condone such action but the legal system is as it is. No contract until exchange. No purchase until completion ( gambling with deposit )
I hope all your ducks line up at the appropriate time Jezzoo when you need your funds but if for whatever reason they do not some may suggest the dark arts of stalling.
Communication is key of course, you don't want to lose your bargain dream home but things do happen in life that can delay plans. Most sellers, I would guess ate amenable to some delay in the process and do not want to lose a buyer.
Maybe I'll leave it there before I exiled.
Buying or selling s property is immensely stressful and I hope you get your dream pad and, along with he wise meoryou, I'll be crossing everything and holding you in my prays and chants.
From the top of the mountain, i can see a wonder land just over the horizon.
Best
Mark
Hi MarkGo,
I didn't sell as TBH I think it will bounce back over £5 in the next week and maybe touch 5.20 IMHO.
Here's hoping on the the last roll of my particular dice !!
You're welcome Jeezoo
To be honest, I did not expect the share price to be where it currently is. I have however used the opportunity to top up again as I feel this is just another temporary drop. I've noted that the drops are maintained for a shorter period each time recently. Volumes are down which does not help and there are always unpredictable occurances and that can trigger selling. You can see oil is now bouncing up again after the dumping of 8 billion of oil futures contract last week, this caused the technical selling and subsequent price drop of oil. Nothing to do with supply or demand just on financial companies manipulating and skewing of markets.
My money where my mouth is, I expect a climb from here back to around the 510s within a week or two supported by large crude draws over the next few weeks. Consensus is that Opec+ will roll over the cuts at the beginning of June at the same time that the oil market will become very tight pushing oil and equities up further through the summer.
Nothing is certain of course as there are always unforeseeable unknowns but I hope I'm overly cautious on the share price to assist with your house purchase.
Good luck again with both.
Mark
Hi Jezzoo
Did you get any shares away above £5,or is it all one last roll of the dice.
Got everything crossed for you.
Thanks Mark, still hoping to see a bit of a rally, they haven't asked for the money yet !
Driftking27
In 1997 and 1999 there were 2:1 share splits.
I have no idea how these are accounted for ,but effectively 1 share became 4.( earning 4 times the div)
If you pick your dates from 2000 then this point is irrelevant
Harmonica, that's a real non sequitur.
If it wasn't clear the first time. I'll try again. What monetary benefit does this infinitesimally small change make to a retail investor's life?
Or do you simply derive personal satisfaction from knowing that now you own 0.0000000000000000000000001% (being generous there) more of BP's outstanding stock than you did a few years ago?
"And why would a retail investor care about that infinitesimally small difference?"
So NOW you are not arguing against buybacks in principle, but that they are NOT big enough for you!!
Make up your mind, please!
Https://oilprice.com/Latest-Energy-News/World-News/Chevron-Set-to-Exit-UK-North-Sea.html
Chevron, which has been active in the UK North Sea for more than 55 years, holds a 19.4% non-operated working interest in the Clair Field and associated assets—one of the largest oil and gas fields offshore the UK.
People here have been here for possibly longer than a few yrs, try 22yrs.
In 10yrs it’s still minus , and over 5yrs it’s done 10-12%.
This is from October 2023 POST
So, Shel are possibly going to join the party in M&A. I hope it doesn't do so to expense of the growth of so & sustainability of the dividend.
If we compare some gains here v UK stocks from 1994 to 2023 October 26th
XOM +750% plus dividends( USA)
SHEL 144% plus dividends in that period
BP. 320% plus dividends
CVX. 700% plus dividend's (USA)
OXY. 5800%! plus dividends ( USA)
including
BHP + 1,025% ! Plus dividends along the way!!
Diamondback Energy +780% (2012-2023) + dividends / special dividends (USA)
COP +950% plus dividends(USA)
Enough said!
Foggy
1999 2 for 1 split
By the end of the year the dividend will be higher than savings interest in my opinion possibly before then.
I don't drive my car looking in the rear view mirror.
I'm a fledgling long term holder.
Good luck to you.
"I wonder what some of you, as BP shareholders, want from the company and your investment ?"
A share price higher than 25 years ago would be a start, a divi yield materially above the savings rate would be welcome too.
"I judge progress in years not days or weeks"
Presumably you've never looked at the share price chart over the last 25 years?
Basically you first bought at pandemic lows and are up xx%, so well done. But that a long-term investment doth not make...Pretty much anything bought back then is now currently "up".
Hi again Jezzoo
I hope you are well and that the house purchase is going okay and I hope a rally will coincide with your requirements and I certainly was not aiming my comments at someone in your position. Crude draws are coming in the next few weeks as peak season commences. This 'should raise SP back up into the 5s. I will be extremely surprised if the SP does not crawl up from here. Good luck.
Mark
Hi Jezzoo
Sorry I pressed send by mistake........
Hi Jeezoo
I hope you are well. My comments were not directed at all to anyone,
Everyone has their own agenda and time frame, mine is a lot shorter than yours MarkGo because I need to sell to finance a house purchase, I think your comments are unfair because one person's buying opportunity is another's depressed SP. It's all about perspective.
One thing I will agree on is the bounce that's coming if you look at the last two highs.
Added.
"Life is about perspective and how you look at something... ultimately, you have to zoom out."
-Whitney Wolfe Herd.
Ex - dividend day, a sub 2% share price drop and the amount of bellyaching and whinging has left me dumbfounded. What did you expect to happen today ? I do respect everybody's genuine opinion and point of view, but on a day like today when armchair CEOs regurgitate the same old bilge on dividends, buybacks relisting, sack the board and even exhuming Looney’s corpse for a kicking, I wonder what some of you, as BP shareholders, want from the company and your investment ?
I have only held BP and Shell since December 2020 so I do appreciate that my view point and perspective will be different from the long term holders in so far as roi, but looking forward not behind from today, I see a fantastic opportunity investing in BP along with the institutional investors who the board meet with regularly. The best years are ahead in my opinion and thats how I judge progress in years not days or weeks and especially not on share price movements on ex dividend day. I will review end '25 and expect to hold until 2030.
For those who are hoping for 510-520 to trade or sell out I expect you won't be waiting for long in my opinion.
Mark
"This benefits the remaining shareholders (us!) as we own a bigger percentage of the company."
And why would a retail investor care about that infinitesimally small difference?
I think they'd much rather have the 1999 share price and old dividends.
You're correct Harmonica, it would be lower,but that just serves to show how bad the BOD are at BP
Fogthemogg,
What would the price be without the buybacks? Lower, for certain.
Buffa,
The BOD are also shareholders due to share bonuses, so they are incentivised to do things to help shareholders.
As you state, a bigger dividend would not help the company. Glad that the BOD will only increase the dividend when it can afford it and is sustainable.
Nor quite, Buffa.
Buybacks mean that there are fewer shares in total. This benefits the remaining shareholders (us!) as we own a bigger percentage of the company.
Ooh meow Charlie Buffet...Pass me the Carver and the big pack of Tyrrells, it's a girls' night in!