Member Info for Chandley-1976

Whilst it's plain ridiculous to see the SP at these levels despite beating earnings expectations, it's not a shock. The market is always less favourable to BP for some reason. Shell post good results, and rise 2%. We fall 8%?

I sold 55% of my holding last Autumn at 465p at a 50%+ profit because I needed the money for something in Aug, and was over the stress of holding with a view to selling for more, nearer the time.

Id be having kittens and feeling super upset right now had I held from 570 down to 470 all over again; on the back of good results.

We will recover again, but its just not a stable place to hold your cash, for some unknown reason.

Great DRIP opportunity if prices are still like this in a couple of weeks time when we get paid our divis....

Easy 10% to be made, no worries.

Would it be greedy to say that it should now be 7.25c instead of 6.6c?

Just checking in after tuning out for while since selling 55% of my holding last Autumn.

As expected, we've cracked on to continue delivering record profits, the dividend has risen which tells you that that company foresees stability for the near future. I expect more divi growth to bout 7.5c later in the year. Sure, energy prices are falling and incomes will also return to that norm in the coming quarters. But that's fine. We had a period of very low income during Covid, and now we are just recouping those losses, despite what the media and leftie continue to rant about.

We've now largely recovered in share price, to what you'd class as normal levels after a turbulent 3 years. Well done to those who've stuck it out, stood beside their convictions and made a 100% profit or more in the last 3 years.

Now we can all look forward to handing over 40% of it to Rishi whilst everyone pretends that oil is evil right?

And lets not forget about that Rosneft stake.........

575p this year. I wouldn't bet against it.

It’s been a long way back for the long termers amongst us, but we all knew that with patience, it would come.

Now let’s see what the next 12 months holds, amidst the ongoing price bumps and continued profits. 600 isn’t pie in the sky.

The media and then left only talk about that. But I prefer to think of it as a balance and redemption after a very tough 20 and 21.

Well done team!

500 coming soon. There's just no reason for us to be so much under our pre Covid SP now.

No divi increase, but it will come. It simply has to as the SP climbs.

Starmer's already pencilling his lines for later on, when he's calling for more windfall taxes to end poverty in the UK.

It's time that we pay a bit more, but very clearly explain that we can only pay UK windfall taxes, on UK asset profit windfalls. So on the North Sea ONLY, so an extra couple of hundred million a year in taxes....... so like £20 per household per year. Crisis over eh Kier?

Im hearing 6.75c for the divi…….

Still 1/3 off peaks despite the continual media patter about shareholder returns being at record highs. With the buy backs, sure, but as we all know, they don’t really translate immediately.

Onwards and upwards…….

Great to see us having a go at 470 ahead of results.

Lots of talk about the divi rising to 6.75c so a nice little jump, largely fuelled by growing acceptance that the green transition won’t harm profits, since companies like BP will be at the forefront of it, not passengers in the trip.

And markets clearly like Rishi, plus he should have got the job straight after Boris instead of Truss and her joke of a cabinet of yes men/women and the PC selections based on gender and race, shunning all the best MPs for her cabinet because they largely voted for other candidates. Ridiculous.

Ill personally never vote for Rishi despite thinking that he got the job on merit and is the best candidate for PM, not after his recent little windfall tax stunt, and how he totally shunned the self employed when handing out tens of billions in furlough to all those people so that they could sit at home for a year, most of them whom who’ve now clearly already forgotten about that 5 figure benefit they were handed, whilst going on about how Rishi doesn’t understand working people. And now because of that, everyone is paying. It was the right thing in principle, but just shows how shortsighted and ungrateful people are. If anything his economic policies have been left of the middle Id say, hardly hardline Tory.

480 after results? I wouldn’t bet against it, even if recession is confirmed in the coming months.

Exactly Meoryou.

I was looking at my end of quarter share prices since getting back in, way back in Aug 2020, and it's been a steady and strong rise back up hasn't it. It only fell on one occasion between Q3 and Q4 last year. So, it's been a sturdy and consistent recovery all in all, as much as it's felt like a massive and temperamental roller-coaster for much of it. The wonders of being over emotionally invested rather than just investing, having faith in your choices, and forgetting about it for a couple of years.

End of Q3 2020 - £2.25
Q4 2020 - £2.57
Q1 2021 - £2.95
Q2 2021 - £3.15
Q3 2021 - £3.40
Q4 2021 - £3.30
Q1 2022 - £3.75
Q2 2022 - £3.89
Q3 2022 - £4.34
Q4 2022 - ????? 4.70ish is my guess.

I have no regrets over my 55%/462p exit 2 weeks ago, as much as I fully expect this to hit 475p this quarter. But then expecting something to happen/believing that it will, and having the money in the bank are two different kettles of fish eh?

Plus, I still have 45% of my holding, so am willing it go to higher despite selling 55%! I'm sure it will over the n ext 12 months, despite refining margins falling and oil prices being lower last quarter..

The next plan; sell 20% of my holding for 550p in 2023. I'll just pay less attention to things between now and then and let what will be, be.

There’s a very good chance of it if oil reaches $100, which seems likely in Winter. It’s only a matter of time either way.

I’m looking forward to seeing what the 45% of my holding does in the medium term after selling 55% at 462 the other week, but it doesn’t take a genius to work out that BP is undervalued and will be highly profitable for another 12 months at least. The aggressive buy backs alone should see us crack 500 within 6 months even if oil stays around $95.

XOM is knocking on $100 a share again too……

Starmer will be quoting that for years. And now he wants to setup a nationalised green energy firm.

Aside from nationalising BP, we all know that he’s taking rubbish.

To be fair to them, it’s usually them who spend pots on handouts, give the lower earns more money, and leave the middle earners less off.

It feels that as a political neutral, the left have moved more right, and the right more left.

It was nice not to wake up thinking about the price of oil today after selling 55% of my holding and having no required timescale on selling the 45%, but still here :)

Another routine rout/drop today, which will 100% be followed by another rise back into the 450s in due course. Just think about all those cheap shares that the divi will buy....

Just dumped 14550 shares from my holding to meet a target next Summer. Sure, they could and likely will go higher, but its done and dusted. I still have another 45% of my holding left to keep until whenever suits.

But all the volatility and uncertainty over the economy and effect on oil prices, just had me checking on this way way more than was healthy.

My target was 450, so 462 is pleasing. Now let see what happens next year. I may sell another couple of thousand if the share price gets back to where we all know it can do.

Money is the bank is priceless though and with a 53% gain in 2.5 years, Im happy :)

Lets agree to disagree eh? Saying that it's normal for a FTSE100 company's share price to rise 3.5% and then fall back all of that, after a sub 2% movement in intraday oil prices, is daft for me. SP now looking to end the day all but neutral.... despite a current 1.3% oil price rise today, and also a dollar rise too.

Rigged...... no pun intended.

DAY RANGE SO FAR
GBX 455.15 - GBX 466.00 - GBX 457.00

- The dollar is up
- Crude is up
- The FTSE is up
- The DOW is up
- Sure, so are we still by 1% which is in line with everything else, yes, but the routine excessive 2.5 or 3% rises, falls, then rises, are deafening.

You reckon that kind of clockwork volatility is normal? Absolute nonsense. It's purely the big boys making an absolutely steal, day on day. The same as oil markets. Sure, supply is tight, but the amount of swings are a joke.

BP share price trajectory is up, yes, but plenty of people are lining their pockets via staged volatility IMO.

Because every now and again, the rise is followed by another rise. Ultimately, the trajectory has been up, very heavily since the end of Q2. It's been a circa 70p jump in fact, which is the highest quarterly rise since the pre-COVID slump.

But as I say, the daily + and - 10p movements due to nothing substantiated, are a joke.

But then you knew exactly what I meant before correcting me eh?

LTI

Theres always some excuse for the wild daily swings in both oil price and share price.

China demand
Russia
Recession worries
Interest rates

My view is that a lot of people are making a lot of money from the volatility, which is why it's happening.

Same old, same old..... 10p up, then 10p down.

We look stuck in this tedious trading pattern until we get more good news, aka Nov results or even something significant like a Rosneft sale etc etc.

I've decided to take 100% of the dividend on Friday and not reinvest any at 450/460 prices as it's more certain to withdraw it and put it into the bank ahead of that inevitable savings interest rate rise.

You'd hope that in 12 months, the share price will reflect those circa 10% P/A buy backs......... but the markets seem solely focused on the share price, not the market cap.

Technically, if we sold the stake for 10 billion, it should add about 10% to the SP as it’s essentially written off for now.

Let’s see. I don’t see Putin allowing any sales etc for now.

Somebody should be done for daylight robbery.

Fabricated beyond belief. How’s 4% daily swings on such a regular basis even allowed to happen?