Member Info for Charlie156

Ticking over this month, on track to beat Q3 guidance. Get through September and October, reinvest the dividends and try not to look at the share price too often.

Where does the increase in net finance costs fit into your misleading equation.

Don't worry he said they'll be over a fiver in a few weeks(he forgot to mention via 3 quid).

HI, are you too lazy to check, or do you only select investment criteria to fit your own blinkered mindset.

On a RC basis, profit before interest and tax.

Q1 2020, net debt $51.4bn, quarterly net finance costs $790 million.

Q2 2024, net debt $22.6bn, quarterly net finance costs $1.176 billion.

There has been a big fall in net debt to $23bn, but there has also been a significant rise in finance costs from when net debt was $50bn. There is not much difference between what BP pays out every quarter in dividend payments and interest payments. Oil at $72 means while cash flow will drop, finance costs will pro rata become more of a drain. There won't be a $7.5bn buyback next year with Brent at $72.

What was happening on this board when the share price went sub £2, I was invested in BP at the time and I don't remember the moaning to be this bad. Perhaps investors should try and find their backbone over the weekend.

4 quid gives a 6% yield. Every price fall, the yield increases and the risk of capital loss decreases. Every investor has their own button, and when to push it

I know all that. If the share price is above £5 on Nov 1st I'll put £100 in the charity of your choice, if not I'll put you in the clueless ramper category.

You sound desperate. Why make pointless predictions without giving the reasoning.

Oh no! Not you again. PTAL to the end of August is ahead of guidance in regard to barrels produced and price received of $83.75 per barrel. To achieve full year guidance of $77 a barrel, they can average $63.5 p/b for the last 4 months of the year. I have confidence in their CEO managing a business that at times can be challenging, unlike the clown running JSE who has continually lowered guidance throughout the year and still hasn't got to grips with a minor 30 barrel oil spill over 2 years ago that has wrecked the company.

Comparison with Q3 shipments in 23 and 24.

July 24- 616,132 barrels (July 23-353,542).

Aug 24-445,259 barrels (Aug 23-366,172).

The oil price average for July and August in both years was $83, so Q3 numbers to date should look good in comparison. September 23 shipments were 274,973 barrels.

Usual cobblers from Roxi, with the promise that September will bring a significant improvement in the numbers. Akatara's delayed fully operational start will bring another downward tweak to full year guidance, Brent is $76, meaning cash flow until the end of the year will be tight. I used to think Roxi was just an eejit, but his continual ramping of a company that has destroyed shareholder value over the last 2 years points suggests other manoeuvres are afoot.

BP are buying back 0.2% of their share capital per week. That will annoy some people and please others.

I was struck how many times the phrase 'Formal sale process' is now underway for NASB. I was under the impression matters were already proceeding space, hopefully the falling interest rate environment will increase the price they get.

Zeros starting to pop up with the production numbers, as you'd expect with present river levels. Averaged just under 10,000bpd over last 6 days, 15,500 for August to date.

There will be no CWLH payments until early 25 and with a falling oil price, year end debt will continue to rise. The stock market always looks ahead, and what today's share price is saying, is that it doesn't like what it sees.

Y11, anyone listening to you needs to be sectioned.

To date the average daily spend on buybacks this quarter is circa £20m per day, which leaves £26.5m per day left to be spent for the remainder of this buyback programme, which should offer support at these price levels.

This is not to encourage GGG to throw his toys out again, but these buybacks are absurd.

PTAL is to date ahead of guidance on both barrels sold and the price of Brent. Looks like there will be a few tricky months ahead with river levels, but they enter that period in a position of strength. There are a couple of issues which irritate but it's a well run company with a top CEO, and I have confidence in him navigating the way ahead. This is a healthy forum, no harm done if someone wants to moan now and again.