Member Info for Chandley-1976

Pre invasion = 100 to the pound
Start of the invasion = 180 to the pound
Right now = 75 to the pound

So the Ruble is 25% stronger than it was pre invasion. Same as the $.

So whos really wining the war on either the ground or financial markers, if we are open minded about it all.

As with any war/invasion and everybody's reaction and involvement to it, there's more to it all than meets the eye you have to suspect.

Im as positive on BT as anyone, hence I have 6 figures in this/my money is where my gob is. But Im also realistic.

600p whilst seeming fair based on all thing happening right now and historic values etc, is ludicrous. What blue chip FTSE100 share rises by 50% based on very little other than a flush period which wont last forever. That kind of number is reserved for a takeover or other massive outside boost.

It just doesn't really happen. 475p should be our medium term target. 600p is ludicrous in the shorter term. I bet Barclays' own guys didn't see their own share price being as low as it is now! I still recall being invested there at 50p in the summer of 2009 and then selling at 300p mere weeks later..... because they refused to take state help/found outside investment to bail them out. And that was at the height of the banking crisis, so severe times. And now they sit at 50% down from there 13 years on with a 3.5% dividend.

That's why inflations add recessions are bad mate... pretty much everything is worth less.

How long do recessions usually last? A year, 18 months? We are technically already 6 months in/right at the start. I reckon we will be coming out of it in a year, once Russia has reached their goal and commodity prices are generally looking much better.

Its just ironic that BP is making record profits due to oil prices high, and high oil prices are the primary driver for recession. So in one hand, we've seen huge SP gains recently up to 450, and worry over the things which caused that are also keeping it back.

Crazy.

1234, story of the world.

How many people get a 10% pay rise this year, as much as seemingly everyone things they deserved one..... whilst no doubt would be unwilling to hand it back next year when in faction is likely back to normal levels.

A 5% divi, enhanced by a strong $, is decent. It's actually a 25% rise on 18 months ago for those who get paid in £.

Weds, people broadly don't like BBs as they 1, don't directly benefit as per dividends. And 2, there's no directly correlation between share price and market capital at times. That's where we are at right now. Im also sure that most people would prefer a 10% dividend and 5% buy backs, not the other way around, purely because they care about profits, not what's best for BP as a company.

A market capital of £75b with what will be circa £25b profits in a year? The P/E ratio is insane and will be for another 6+ months. The debts are being paid off, shares taken out of order to concentrate current ones. Cashflow is very strong.

It's only a matter of time before the market catches up to the facts. Sure, $100 oil wont last forever, but still, even at $70 we are still performing strongly and the world has woken up again. I see little reason for us not to have recovered to pre Covid prices already, as per our US peers.

You're an idiot.

Tomorrow…… let’s see if they agree to more production or not.

Slater.... love your positivity. Will you be upset if, like Chevron, the Yanks lap up the divi rise when their market opens this afternoon

The last I checked, Chevron didn't trade on the FTSE100.

Baz, in the current climate, a 10% hike is stellar.

Also, as I say, in Q1 2021, there was 1.4 dollars to the quid. Thats now 15% less, so 1.2 dollars to the quid.

So actually, compared to Q1 2021, our divi has risen 25% since then!

3.7p a share to 4.8p a share.

It's more than enough for all but the uber greedy.

To date...... another classic Bernie gaffe statement which hopefully got him a rollocking from the BoD.

But, if we get slapped again, if the goalposts move again, then do does our stance on that.

Because let's be honest, in 3 months, in months, Putin will still be battering Ukraine, energy prices will still be high, and we will still be making sky high profits every single quarter.

Another class headline I've seen today is 'BP triples profits amidst the cost of living crisis.'. Tripled? Compared to when? When we were giving away £20b to Putin? When oil prices were $0? When oil consumption was almost nothing?

Triple, compared to when? And all at the expense of Steve down the road who cant afford to heat his super noodles on his gas stove despite BP and Shell giving him a grand recently? Give me a break.

Here we go...

Rachel Reeves MP, Labour’s Shadow Chancellor.

“People are worried sick about energy prices rising again in the autumn, but yet again we see eye-watering profits for oil and gas producers.

“Labour argued for months for a windfall tax on these companies to help bring bills down, but when the Tories finally u-turned they decided to hand billions of pounds back to producers in tax breaks. That is totally wrong.

“It’s clear people need greater protection from rising bills. That’s why Labour would use this money now to help people get through the winter.

“But we can’t carry on like this. Labour would bring down energy bills for good with a green energy sprint for home-grown power, and a 10-year warm homes plan to cut bills for 19 million cold, draughty homes.”

Whos going to produce that green energy Rachel? Dianne Abbott? Your local MP, sitting on a bike peddling as hard as they can.

No, companies like BP. Companies who will reinvest, who are reinvesting, billions into green solutions to give people a lifetime and beyond, of cheaper, greener, more sustainable energy.

But we know how hard up people are. We will demand more money from the oil companies to give to people who've not made any effort to cut back in other areas to buffer their gas and electricity bill this Winter, despite 12 months of notice to do so.

Self serving morons. If Riski or Liz dare pander to the 'we demanded this' brigade, and then slap us with any more taxes, then bye bye North Sea green projects IMO. BE careful what you wish for Labour.

Dicklaw.

Still far fetched, but 450p/475 in the short term/3 months should be a given with $100 oil still being in play.

We are grossly undervalued compare to our peers, namely the US ones who's SPs have way surpassed pre pandemic levels now.

Im going with a 5% rise today, so about 410.

More than acceptable when you consider that there’s only $1.2 to the quid.

Who’s really winning?

https://oilprice.com/Latest-Energy-News/World-News/Russian-Oil-Exports-Have-Stabilized-Revenues-Steady.html

Up 1.45% after hours…..

High expectations for the morning……

The next time we hit 450, I’m largely out and will just hold onto a little pot to bring in a little divi every quarter, but won’t bother checking daily movements or any of that.

My gut is that it will will come in Winter, when oil and gas demand will rise again.

Today vowed to return the dividend to pre-pandemic levels amidst investor pressure. Share price up 8% as a result.

That's what you need to do Looney. Maybe not pre C19 levels, but certainly a decent rise.

I’d absolutely argue that she has a job for life due to her race/being ‘in keeping’ with her constituency, yes. It’s not for her intellect is it? You’d think that they could at least give the job to somebody who not only ticks the demographic and political boxes, but on top of that is also respectable, articulate and broadly deserved too.

£90k a year and that’s the best they can find? Give me a break.

I’ll start voting again when our politicians, even the ones you disagree with, are broadly respectable.

And I see that Rishi is now promising tax cuts for the lower rate tax band; ie the one which brings in 4% of total income tax, yes makes up most of the haters who think that others should pay even more.

I’m personally all for a Scandinavian style setup. Low low taxes. But you just pay directly for the things you chose to you.

Like £5k per person health insurance. £10k per annum to school a child. £10 a pint. Etc etc. £25k min wage but self sufficient, basically.

Absolutely no chance in this country. We are too entitled.

Exactly Halma. I don’t care what others have either.

And if I see something that Id like and think it would improve my life, but I can’t afford, then I work towards getting it. Rather than looking at the person who already has it with green eyes and self fabricated nonsense to pamper my own bruised ego or patch over the inadequacies.

Be inspired by those who do better than you, rather than becoming hateful of them. One helps. One doesn’t.

I very much doubt that Rishi knows the price of a pint of milk, but you can be sure that he knows the price of a barrel of WTI. People like Dianne Abbott can’t even spell WTI, and get do very well from their chosen career purely based on them having a job for life due to their location and demographic. That’s just as privileged as an accidental Etonian.

Whilst I think that the Tories and Labour are both weapons who purposely polarise to give themselves a USP, I lean towards wanting our leaders to be educated, done well for themselves away from that often unwarranted 6 figure salary, and being a person to aspire to, rather than someone who got to where they are by peddling hate and inequality.

I get that. He’s a billionaire. Way richer than the other mugs around him who are largely all only net millionaires. And I don’t mean just Tories.

I mean all MPs who are all on 6 figures and are lifetime politicians.

But let’s not assume that a normal man on the street is any better equipped to run the country then a billionaire.

Same argument.