Member Info for Charlie156

Initial reports, with several villages affected, indicated a bigger spill than that. I would have thought less than 50 barrels and a fast flowing river would contain any damage.

Seven weeks since the last update, there should be significant newsflow. I do remain perplexed why they keep on buying Australian assets, where the regulations and costs per barrel are so onerous compared to other jurisdictions they operate in.

Fiscalised production year to date of 18,657bpd, circa $100m.

I'd be happy with a 1.5c dividend a quarter, with the rest going into buybacks. This quarter, a cash dividend of $18.3m and $3m buyback, whereas a $13.8/$7.5 split might work better for shareholders.

Roxi gets the oil price from his daily seance with Matt Munro.

It's a bit like Taylor Swift, tickets snapped up in minutes. Roxi, you should go up on the day and try and buy one of the tickets off the touts outside. Blakeley should go on tour, punters obviously going for the comedy and teeth.

'See ya laters'. How old are you.

Meoryou, I have no doubt that with Brent at $83 and the digital investment across the business that margins are solid. I thought Travel Centres was a great buy, as they didn't have a highway presence before. Every update from the retail network reports a growing average basket size and margins increasing. The plan is, in the latter part of the decade for an IPO of its retail operations. That will be a humdinger.

When BP bought Travel centres last year they had 290 sites. They are at 300 now, with plans for 20 new locations in 24. They are rebranding some to the Amoco brand. With the GoM, BPX and it's rapidly growing retail network, the business is becoming more and more US centric.

Decommissioning costs are only going in one direction, and that's up. With Blakeley's performance bonus in the bag for 23(don't laugh) I see the gravy train is continuing in 24. Shameful.

Got a few more for under 44. It'd be good to see some new buyers, not just the same old regulars.

This time last year CAML's 3 metals per tonne totalled $14,000. Today it's $13,000, so margins are under attack. There will be another hefty pay rise this year, which puts the dividend under the spotlight. They paid well over the 30-50% FCF for the interim dividend and they have cash in the bank, with most of the SASA capex paid out, but if the company stick to the 30-50% dividend payout, a cut is on the way.

I am struck by the land and buildings value of £449 million. I expected it to be far far higher than that.

Everyone's piling into tech stocks, not much love out there for O&G. I see the share count has dipped below 17 billion again. Sounds familiar, it was Nov10 2023 when it last happened, and then an avalanche of shares were issued to our hard working BP employees. Talking of which, WP surely it must be about time for your next holiday.

Roxi, you're actually giving the Akatara completion percentage yourself now are you. I'd love to be your builder if you think that's 95% done.

WP, when you do join the board, don't forget us peasants on here. Could you give just Gingy a £5 a share special dividend, although I doubt even that would make him happy.

Ptal paid for the increase in the dividend from 1.5c to 2c just on the Jan numbers alone, Q1 net cash position should be very healthy.

Two quarters suspended would mean I could cancel my monthly visit to the Priory, which is a necessity as a JSE shareholder for keeping your sanity.

The market doesn't think Blakeley is very canny. This smells like a smokescreen, JSE have spent the last year telling the market how in the future no one asset will dominate their portfolio as Montara did. Now, if this deal happens it will be responsible for 60% of group production. This will unravel as has become the norm for JSE in recent times.

This time last year BP was making a rapid ascent to £5.70 on well received results. There had been a marked shift in the growth v value stocks debate, with tech shares taking a breather, which helped BP. Brent this time last year was averaging $82 as against $80 this year Although refining margins were double last year, today's numbers are healthy and above the long term average. The dividend was 6.61 cents last Feb against 7.27 cents today, and there are over a billion less shares in circulation. The oil sector is definitely out of favour, but I continue to see good value building here.

From what I recall when the share price was £5.70, people were not on here complaining about buybacks at those levels, because for the majority they were in profit. When the shares are £4.50 the forum is full of people moaning about buybacks at those prices, because their investment may be showing a loss, yet the buybacks at £4.50 offer far more value than £5.70. My take is any buybacks under £5 will prove to be a steal. The last buyback where the moaning reached a crescendo averaged £4.695, so they are already proving to be an astute bit of business.