Member Info for billybigwig

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I would of thought with the buy backs BP should be ticking up ...shouldn't it? Not going down less shares in circulation higher price

* BP (BP.L) plans to make final investment decisions on three major new oil and gas projects in 2018 and possibly more, Chief Executive Officer Bob Dudley told reporters at the IP Week conference.... at BP we are going to keep within that capital discipline. It is one of the things that shareholders say ‘make sure that because the price is up you don’t start overspending and being late’ (on project deliveries) so we will stick with the $15-$17 billion of capital framework through 2021,” Dudley said

It highlights that shale can't be produced under $50 per barrel some say $55 it's an old clip but relevant.

Anybody.check this out this is why bp will still make money when shale gets closed down https://youtu.be/mAQDFG0oyOk

Dulwichman."BP report oil will increase in demand coming to peak oil in about 20 years. Many of us may well be dead by then."" I'm hoping I'll be retired way before theat... supping G&Ts on one long holiday ;-)

Anybody.The price as in any other share will get priced in way before the event too ...bp carries on making money at this rate and paying off the remnants of deep water it'll soon be paying a much bigger divi it was 30p 2017 with this last payment I reckon 2018 will be a lot closer to 36p

Anybody.bp are producing a lot of gas too and once the deep water horizon is finished being paid ...it's been indicated that bp will pay a much bigger divi the SP will go up it won't stay under a fiver if it's paying 50p divi will it ? And BP at present make money at $50 a barrel changing to $40 and then $30 so at $60 to $80 a barrel that's some mark up hence the SP will rocket up to match ....BP has quadrupled it's profits in last quarter

It's going big BP £7 is on the cards 12 months

You need to tick the box on your notes you get a 30 day dead line I think or summat like that

Not now it's getting hammered

Yeah I'm of the same opinion any lower shale won't be viable. ...BP will still make money though ;-)

Stock.what do you reckon crude will drop too?

And is doing :-)

Expected bp up a lot today clearly no one wants 6% divi and prospects of a higher SP of £6 to £7 over next 12 months or so we are 22 months away from being free from deep water commitments and that extra cash will then come to share holders ...simple innit!

renationalisation how far hat off?

It'll change very soon when the rest of the market is tanking this will do well home grown stock always does :-)

Where they taking this ffs!

Hmmm at this price it's a good divi share

Dudley