The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I really don’t disagree, but nothing has changed since we hit 3.36, if it has its only been for the better.
Now I find myself hoping this will hold and run up a little to Ex Divi date.
I should add that I sold my stake in Meggit and BAE to buy into BP, kicking myself but still think this will come good!
GLA
$BP | BP Q221 Earnings:
Revenue: USD36.47B (est USD38.26B)
Adj Net Income: USD2.80B (est USD2.13B)
Increase In Q2 Dividend Of 4% To 5.46C
Commencing Buyback Of USD1.4B From H1 Surplus Cash Flow
Expect To Deliver Buybacks Of Around USD1B Per Quarter
Interesting article from Bloomberg
https://www.bloomberg.com/news/articles/2021-08-02/bp-returns-under-scrutiny-as-big-oil-plies-investors-with-cash
Well, I got that very wrong! What a difference a month makes!
I got out at 3.22, but I’m now very tempted to get back in.
GLA
I agree with all the above, just a matter of time before it hits the 3.20 region, markets are spooked, but BP finished down just a little today in comparison to the larger market down turn.
If I had the capital to buy the lows of today, I’d have been all over it. Unfortunately I topped up to early at 3.15, 3.12 and 3.10.
And please don’t talk to me about stress, how these people can sit on a 40% loss and keep a cool head is beyond me!
I haven’t wanted to look for the last few days, lol!
GLA