Member Info for Charlie156

Moy, I guess it shows the importance of the cable rate. If the dollar had strengthened 7% to 1.15, would the share price be sitting at £5.40. I thought Looney recently said he was rowing back from renewable investments with a single digit return. Pulling the integrated energy benefits card is a bit feeble. Are these cruises full of ex BP staff, I picture you sitting round the Captain's table with Brown, Gilvary, Hayward and Dudley talking about the good old days.

The BP share price on 28.03.23 was £5.05, with the FTSE at 7486, Brent $78.56 and the £/$ rate 1.228. Today the FTSE is 7440, Brent $81 and the cable rate 1.31, with the share price at £4.65. The 7% weakening of the cable rate matches the fall in the share price.

Looney making an early obsequious pitch for a knighthood. Lord Looney, don't make me laugh.

they had a few million in metals waiting to be sold at the end of h1, the next dividend is looking like 6-8p($14m-$19m), compared to $23m in h1, and most of the years capex has now been paid for. that, together with the usual higher production in h2, means it highly unlikely cash will be lower at the end of h2, but don't let me stop you ******* in the wind.

922 million shares, buybacks take out 1 million every two weeks. It's going to be a long slog.

Terry, your spreading yourself too thin. The only thing getting diluted, is the quality of your posts.

On June 20, PTAL estimated average production guidance during Q2 23 would be 5% higher than the 17,000 bopd production guidance previously given. I make it over 10% higher.

As a new investor, it seems PTAL has the normal volatility of an oil company, plus the added factor of it all kicking off with the locals. As the company grows, so will the demands of the locals, so I can see the trading opportunities that will arise. Thanks to Sturm for his informative posts.

BP bought back 718.7 million shares in H1, 4% of the share capital. For this buyback, there's enough left in the kitty, at these prices, to buy 7.5-8 million shares a day, for all of July. As for the next buyback I'd go for $1.5bn, although BP did say in the last results there would be a working capital release in H2. With an oil price of $75 and yield of 4.3%, it's hard to put a convincing case for a higher share price, but while the oil market looks for direction, sub £5 buybacks offer solid value in the medium term. Looking forward to August's results, with Shell raising their dividend, if BP don't increase their own, the market won't like it.

Perfectly happy if they run down the life of the mines and the shareholder bonanza that would follow over the next 15 years.

Surprised by how little is paid to the U.S and how much Azerbaijan receives. It's a PSA, and a money spinner for both parties.

No buybacks since the blockade and no mention in yesterday's RNS. With Q2 production 5% above guidance and the recent fall in the share price, why?

Yesterday, 4×250,000 sales went through. Will today's block of choice be 125,000.

I've just had a look at the Brent average and refining margin average for this week in June over the last 4 years, with the net debt at the end of each Q2 period and the buybacks announced with those Q2 results.

Brent RFM Net Debt Buybacks

2020-$26.19-$5.8-$40.9bn-NA

2021-$67.23-$14.0-$32.7bn-$1.4bn

2022-$110.53-$42.3-$22.8bn-$$3.5bn

2023-$79.55-$23.7(to date)

A handful at over £5 and a handful at £1.98. Let's split the difference and say an average of £3.49. Why don't you keep your head down and mouth shut, you'd think with your posting frequency that an investment guru was holding court, not a TAF schmuck.

All the balls JSE are juggling in the air now, they're bound to drop one. Blakeley pulled in another $2m in 2022, shame on the remuneration committee and shame on Blakeley for not having the decency to take a cut. Warning signs are all over this.

Roxi, you seem to be the only one buying. Good luck.

Roxi, as I said, your living in cloud cuckoo land.

Y11, July 22, Brent $118, share price £3.60. Feb 23, Brent $82, share price £5.70. Is it possible for you to write a non dumb post.

Your living in cloud cuckoo land.