Member Info for Charlie156

Hold your horses, you said there would be a 6.6 pence dividend from JSE in 2024. 12 days into the year and you are already in reverse gear. Starting to think you've cursed this share with your relentless stupidity.

There is a serious disconnect between the BP share price and the combined readings for Brent, Ftse100 and £/$ rate. Expect 10% dividend increase to come with results.

He hasn't bought any since he said 90p was a bargain. Talk is cheap.

ITV should make a drama about UKOG. The public vitriol directed at Sanderson would be his just desserts and karma. The problem would be finding a big enough slimeball to play this pathetic creature.

I recall being staggered when there was 1 share for every person on the planet, now it is 4. How long can this farce continue, it does not say much about the regulatory bodies operating in the U.K that a toe rag like Sanderson can continue to mug off punters year after year.

This will make some shareholders spit their cornflakes out.

https://www.grocerygazette.co.uk/2024/01/08/bp-retail-director-grocery/.

That's only a few thousand off a record monthly production figure. Nice tight spread, bit of a battle going on. Augurs well for Jan and Feb, where production in those two months in 23 were well down.

When JSE make a purchase, it always reads well. Buying an asset producing thousands of barrels of oil, yet with the seller paying them many millions of dollars to take the asset off their hands. Where has the money gone? They have realised $1.8bn in revenue since start up, with $20m in dividends and $20m buybacks. The rest has to pay hefty upfront decommissioning costs, far from cheap infills to offset the rapidly depleting ageing assets they acquired, and not forgetting the vastly overpaid CEO. It has yet to be proved their business model works.

Buybacks should start up again today, still have £600m in the kitty with results 5 weeks away, which is £25m a day.

They need to average 17,020 barrels over the last 12 days to average 14,000 for the year.

It doesn't look 87% complete. I'd tell the workforce Xmas is cancelled and make sure Blakeley is there with them pulling a 12 hr shift.

If you take the oil price, cable rate, and the FTSE 100, the BP share price of £4.65 is an anomaly, that previously has shown to be a buying opportunity.

Production to and including Dec 17, 331,064 barrels, av 19,474 for the month so far, with only 1 dot day.

Selling those stocks today and buying back into BP might be an even wiser move.

BP is halfway through its current buyback program, with circa £600m left to spend. With 7 weeks until results, including b/h's and £20m ish the average daily spend, they will restart soon.

Moy, that sub £2 average yields an attractive 12% today.

I'd be interested in the percentage of shares held by past and present BP employees. There's another 1.6% been added the last two days, hope they weren't the ones bailing out today.

The 66 million shares added yesterday were the mere aperitif to today's main course of another 204 million shares from employee share schemes. Good luck to the recipients, I hope when I'm reincarnated I come back as a BP employee, and not an ordinary shareholder.

Ii have paid up.

What's the reason behind the even bigger rise from 21-23?

Yeh, takes the edge off the dollar weakness hitting the dividend tomorrow.

Alloted from employee share schemes.

Dec 20-34 million.

Dec 21-35 million.

Dec 22-55 million.

Dec 24-66 million.

With considerable less staff employed over the last 4 years, the share schemes are becoming ever more generous. Oh well, another 3 weeks of grinding away at the buybacks to get back to where we were.