Member Info for Bigbadbaz

A high oilprice is just one part of the equation.If the refinery throughput is not running at capacity then the profits will be lower.Also,the oil majors have to buy their oil the same as everybody else.Some will be bought from themselves are they are vertically integrated.(from exploration to refining to selling) and the business has to be balanced.Also sentiment towards fossil fuels is muted.

just arrived in my account 1 hour ago

''made me wonder if that early warning could be employed as a trading strategy, '' I believe that is called insider trading. RH yer wee joke was fine.

'BPs profits are at bumper level now... its screaming a buy as every economy opens up!'' The analysts must be asleep at the wheel then.

mojo,I am not on the attack.merely posting an observation.BP. is stuggling to gain any kind of traction.It is def out of favour.$100 /barrel would not raise this back to £5. All the cheerleading in the world is not moving it.This time next year Rodders. - - - - -- Baz,long time holder.

'Only 2 points away from overbought on the rsi''.mojo the rsi is not an instruction manual.

'I always said we see 500/550 this year and I truly believe we will in 2021.'' Stockready,what is going to drive this over a fiver this year? This is not an AIM stock.Do you think you know something that the analysts don't? Don't get me wrong I wish for it to happen as well but I am more of a realist $74 bucks a barrel and sitting at £3.32 ,there has to be an underlying reason for this.As I said to you last week, if the poo gets out of hand the frackers will ruin it.

' I can see dividend being doubled in the near future! Plenty of profits at $73 a barrel!'' They have stated that the divi is fixed until 2025.

Oil might require (say) 20% return. £2Bn @20% = £10Bn
Solar might require (say) 10% return. £2Bn @ 10% = £20Bn
Solar valuation looks good if viewed in this way.
??????????????????????? WTF is this?

zac, I hear what you say and I have read the board statement.I know it looks like moving it from the left pocket to the right pocket but if it were all eeksy peeksy with nothing for the shareholders then why mention the buyback in the first place as employee shares have been ongoing since the year dot without buybacks.

'So, they might say they are returning cash to shareholders but in the case of the current buy-back programme we're actually seeing no positive gain.''===========The maximum amount of free shares allowed in uk is £3600 per annum.If all employees were in the scheme and were in uk there would be about £200m worth of shares issued. They are not all elegible for shares and they are not all employed in the uk, but using this as a reference point it would be likely to be less than £200 m per annum leaving a fair amount to be destroyed.

'In theory, Looney could announce a special interim dividend out of the blue tomorrow (EVR did this recently.'' - - - - - - - - - - -If BP gave a £1 special divi then the sp would drop by £1 to match and tax would have to be paid on the divi.Special divis are to excite the eejits.

'In your opinion, if financially looney is happy could he just announce a dividend increase out of know where with no warning? Cheers all the best''The board has stated the financial plan to 2025, why do you not want to believe it?.Wishful thinking will change nothing.There is not a soul on this bb including me who has a clue where the sp will be.Take pleasure in the fact that BP is making a shed load of cash at the current poo. The more the divi then the less likely the books will balance. There is no free lunch.Be happy that we are coining it in.

Brent was $41 and BP was £3.65

'Sight possibility we might see a pull back in the sp as the oil price runs into resistance at the 70p level and the bp sp stays below the 325p level. Although on the whole I am confident that the sp will rise dramatically in this month as I think oil will go on to the test the 80p level later this year.'' I thank you on your very first post,it was very informative.

'I dont know enough about car ownership, with EV cars there is no road tax to pay'' And that will last for how long? There will have to be a tax to replace the lost revenue from fossil fuel. There is no such thing as a free lunch.

'Face facts. All coronavirus did is take a few geriatrics that had been hanging around and were past their best. Epidemiologists have a name for this - Dry Tinder. We went into the Coronavirus pandemic with the largest stack of firewood in the history of the country, as a result of over-resourcing the NHS. We then trashed the economy for younger generations (who won't see anything like the level of care or pensions of older generations) '' I am not a religeous person but I believe in karma.Smithy You will get paid back in spades.

''Absolute worst case, it will kill a few economically unproductive Geriatrics.'' Are you for real? what a disgusting thing to say.

'Forget Iran joining in'', there are a dozen Iran's out there.The frackers, Opec,Russia etc, can all flood the market at any time this is a very artificial market and always has been. the poo could be trashed at any time.

'With those figures and the output we could track progress nicely...'' that is why you were not given them.Too much knowledge is dangerous.