Member Info for Chandley-1976

Good job we had that 80p/25% price bump over the last 2 weeks, otherwise we'd be looking at sub 300 again right now.
However, oil prices are still sky high which will bode well for Q1 results in May, Omicron worries should have passed by then, and fundamentals are the same and still strong.

Clearly the big concern right now is Russia. But again, even if things kick off there, it will be all over in a few months more than likely.

Stay strong and reap the rewards.

But back then, that was fair value and the FTSE was a mess.

Now we see BP at 400 and markets recovered/the world all but normal. For BP to double again as it has from 200, would require a huge change, as per my last past.

At some stage, things are undervalued, like BP in November , but not by 400 to 700, in a strong market.

In all my years, such targets are usually nonsense. 700? FTSE100 shares simply don't get that undervalued and such a huge rise would require a total company change/restructure/change of fortunes/takeover or merger. I believe that we can hit 500p this year though if profits carry on rising to peak fossil fuel and oil price levels though. I'd sell my entire holding for 450p though, as its all down to personal goals and targets.

As somebody who invested in the mid 200s, then high 100s, and then most recently in the low 300s as a final top up, anything starting with 4 is a great result from 2 years of patience.

When the USA opens, and 32.04 onwards isn't such a selling barrier, lets see.......

Get news for all long term holders who've suffered some pain in recent years. As well as plenty of BP old timers like myself who've been in and out since the 2010 spill, and know the share movements well/invested heavily at deflated prices.

Precisely.

So, less slices of the pie, makes each remaining slice a little more valuable.

Somebody just needs to tell the share price about that, and that crude is still over $70

For how long will the markets be able to value BP as a £60 billion company, when quarterly profits are reflective of $70 oil in the coming month?

An unjust price knock down over the last 2 days IMO.

People panicking.

Whats happened to the SP? Err 1% up, with the broader FTSE 0.25% down.

Why are people melting down?

BP is great for trading at the moment, no question.

Personally, I'm in for 2 years, so based on those divis being 3.8p per share per quarter, the lower the SP in the short term the better, within reason. The lower the SP, the more free shares! Ill be reinvesting any dividends until we are back into the mid to high 450s at least.

Silly theory....

Crude prices just took a 1% drop. That's all. $63.23 and £59.59 a barrel..... panic stations? Give me a break.

The simple fact is that C19 will be all but under control, and people will be moving about freely in 9 months time. Its by no means going to be a good 2021 for energy firms, despite oil prices flying at the moment, but still. it's inevitable that this will rise again.

Once BP's share price is back up to the 400p levels, they are going to be under a lot of pressure to keep that yield at 6% ish. So 6p a quarter, up from 4p. Even with spending on green projects and a change in company strategy, this is realistic to expect.

I honestly see 400p before the back end of this year, and any such divi is relative to the steady share price.

Similarly horrific losses to us, but they've raised their dividend.

I fully expect the same to happen at BP in 3 or 6 months' time.

The oil price isn't the only factor here. Consumption is. Until C19 is in check and people are vaccination and moving around freely again and businesses are open etc, then global energy consumption will be very low.

This isn't a short term play really. Sure, some good sentiment and airlines opening their doors again will help, but this is/was always going to be an investment to bear real rewards in Q3 onwards really.

Until then, its just a case of enjoying the decent dividend yield an being patient.

No change in medium to long term outcome.

Keep topping up in the 200-250 levels and taking those dividends, as regardless of what happens its a great long time investment. It's only a matter of time before C19 is gone, people start moving again, and energy usage gets back to normal, whether it be green, oil, gas, whatever.

The SP in the meantime is irrelevant really.

It's worth noting that Shell have fallen more than BP % wise over the last 2 weeks, despite strong oil prices continuing. So this fall isn't BP specific, due to our exploration cut backs, selling assets, leaked poor results, or whatever.

Clearly the markets have beef with big oil at the moment for unexplained some reason.

- Fossil fuel demand is dead
- Green energy is the future
- Oil major share prices will ever recover to their 2019 level highs

Just some of the utter garbage spouted when we went sub 200, which we shall look back on as a massive buying opportunity once this drama all passes in 6-12 months.

For me, with a 12-24 month view, even 300p is grossly undervalued. If those Q4 results come in looking strong, as they look set to do so based on oil price recoveries in late 2020, we could well be over the hill on this one IMO.

Anybody else fancy a 7c quarterly divi coming back this year?

Ah, how quickly the tide turns.

So a few positive earnings results in from companies already out, so boding well for us reporting next week. The lowest US jobless numbers since March. China GDP up 4%. UK retail getting stronger. And suddenly the markets love oil again overnight? XOM up 5% yesterday? Us looking to do the same as DOW futures look good.

Big oil isn't going anywhere guys. All this scaremongering over our new direction over the next 30 years time.... All the current new green guys doing well with wind farms and solar, etc. Great. There's no doubt that's a huge part of the future. But which companies will be investing tens of billions into it over the coming decades, and buying into those new boys? The ones who can. And that's the energy firms who already exist and have done for generations.

Besides, clean energy is a myth. It doesn't exist. It's just cleaner than oil. But that doesn't make it clean. It's also nowhere near as efficient as oil. There's only 3 real types of energy on earth. Oil, gas and electrical. And what % of electricity is generated using oil and gas side from all the supposedly 'clean' methods of electricity generation which are coming about due to the industry wanting them to, in order to sustain their business for the next 100 years; not because Greta etc are demanding it.

Buy, buy buy, at these insane prices, and then stick them in your pension fund. 0.25% interest on my cash savings? It's a no brainer.

Zac, I agree and think that them cutting it further is unlikely. But I've slashed my own mental forecast to 2p per share, based on current share prices. Lets remember that we hit 380p after the last results. We've fallen to 50% of that, on top of an already beaten down share price.

But even at 2p a quarter per share, if you take a 2+ year view on this share, reinvesting your divis every quarter, then it's a fantastic investment.

Exactly. Oil is needed for many things, including the manufacturing of any plastics, rubbers, and much more. Also, all those solar panels and wind farms are not constructed using solely electricity. Elon Musk himself says that electric cars being the global norm, is at least a generation away.

People forget that there's actually only 3 forms of power source. Oil, Gas and the new golden boy and future hero; Electricity. That's it. The others just convert these forms. Solar, hydro, wind, nuclear etc etc, simply convert other forms of energy etc, into electricity. Nothing really runs on solar or wind power, as such.

And how much of our electricity is still generated using oil and gas?

If 200p comes, which I suspect it may, then fine. But those who are investing at these levels should treat it as that; investing. Buy, relax, set your dividends to auto reinvest, and come back in 2 years.

My guess in 2 years is 8%+ of divis at the current SP, and then a very likely 500p+ share price, so a nice easy 50%+ profit per annum.

Lets not forget, this hit 380 AFTER the last results, which included the company's new vision and a profit hammering for Q2.

Not posted on here for quite some time. I originally got into BP after Deepwater Horizon, and eventually sold out at a healthy profit, and have been away from market since.

And so, back I'am now with 7500 shares at a 240p average, happy to skim off the 4p a share per quarter dividend for the time being, reinvesting it via buying more shares on DRIP.

My view is that whilst oil demand is low globally at the moment, hence that $40 barrel price, and whilst big oil is signaling a move away from fossil fuel in the long term, as it's just an inevitable fact of the planet evolution; this share price is crazy low, and represents a great long term investment. Whether is be 215, 200, 250, its all very deflated.

We will without question see a move to clearer and more sustainable energy sources in the coming decades, and the big oil companies will be at the forefront of that movement. The planet will always need energy. It's a given. Whether that be oil based, gas based, or energy based, the same big companies as with anything will simply invest where it counts and dominate these areas. BP, Shell, Exxon etc etc, are all deflated for the same reasons, but those reasons are not fundamentally different to how they were before Covid hit.

I have no concerns at all with a 240 average, which will reduce by 4% every year via those dividends. Even if the divi is totally cancelled, this is still a solid medium to long term investment.

Just thought Id log on and see how this old dog was doing, and its nice to see some of the old crew still about, and seemingly as passionate as ever. For me, whatever comes of this now, comes of it, and its a few quid spending money when all is done. I resigned msyelf to that after the 20-1 dilution after we all but handed the company over to creditors, and no way was I putting more cash in, to make the ratio a bit less offensive. How Jon Ferrier still has a job after such a dismal show of performance, is beyond me. But then he did back the signing over of the company to creditors for a relative pittance, so I guess he's done an amazing job for them once the company sells for multipes of his silly value, one day, no doubt still for a relative snip. Good to see a few old faces though :)