Member Info for Charlie156

Hopefully the company is back on track. If Montara is still shut in March, the market will not be impressed and Jse's wafer thin management credibility will take a further hit.

When Ruth Edwards asked ST whether Royal Mail prioritised parcels over letters, he replied 'That's absolutely not true'. This caused the Roger Whittaker lookalike sitting behind to sharply raise his eyebrows. The evidence that was then put forward called into question ST's assertion. The chair of the Select Committee stated he was unsatisfied with ST's performance and warned him about the consequences of misleading Parliament.

https://www.offshore-mag.com/regional-reports/us-gulf-of-mexico/article/14288228/bp-hits-gom-milestonehttps://www.offshore-mag.com/regional-reports/us-gulf-of-mexico/article/14288228/bp-hits-gom-milestone

Jezzoo, if y11 can post nonsense, why can't I.

I followed your advice last time, and lost £20k!

Your posts are far too long. May I suggest as a holiday read, The Intelligent Investor by Benjamin Graham.

There are some TAF posties on here who are trading this stock far more effectively than you are.

TM, your analysis of TOD was spot on. Any more posts like that and his fragile ego will filter you.

While the market is focused on a temporary demand dip, the chronic underinvestment in O&G supply over recent years is the central issue. Oil at $80-100 is the balance point for a functioning oil market. BP makes a decent return at $60, the O&G prices in 21/22 have put its balance sheet in good shape to handle the vagaries of the oil price cycle.

Moy, on the dilution, they have added 140m shares. That was made up of issuing 55m new shares and taking the rest from those held in treasury. Why that particular ratio, and why issue new shares if you can use treasury shares.

Moy, I was just wondering the size of the next buyback. I had $1.5-2.0bn, but who knows.

Circa £400m left of this buyback to spend. I'm a tad surprised how resilient the share price has been since it paused.

That's an old figure. The cash in the bank at the year end will be a lot less. JSE entered 2022 with production of 20,000 boed, it exits with production under 10,000 boed. There is a fair chance when guidance for 2023 is given in the new year the FPSO Ventura will still be shut down, which will make the guidance a lottery. The share price has been grinding higher the last couple of weeks, but management have got to up their game. It's been an annus horribilis for shareholders.

Jtan, you seem to spend all your time on forums saying you don't understand why the share prices of companies you own aren't higher, and why the share price of a company you don't own, isn't lower. In a nutshell, you don't know how to invest. It's painful to read how inept you are.

Not every year is going to be like 2022 for BP shareholders. This year has seen 10% of its shares bought back by the company, a 10% dividend increase, $10bn+ reduction in debt and a noticeable change in sentiment. If 2023 brings a 5-6% buyback program, 5-6% dividend increase, BP keep chipping away at the debt and their are no serious operational mishaps, should see the shares becoming a reliable portfolio performer.

Even before the FPSO incident, the company had performed poorly against its peers. I'm taking nothing for granted, just as likely to get another negative RNS, as the one we're hoping for.

Happydays91, you've posted 5 times to date, and in one of those had to ask what the dividend was. You don't sound that serious an investor to me. Back in at £4.77.

Hello Moy, I'd expect another $500m buyback in Jan 23, like the one in Jan 22, to purchase all the shares issued in the year, maybe that's the logic behind the accelerated buyback. I've been in and out twice here over the last month, and am presently not invested. Sorry to hear about your loss.

Good news, BP bought back 1.1% of its shares in November.
Not so good news, they used 50% of the funds allocated for the buyback. Q3 was a textbook buyback, evenly distributed throughout. At the present spend, it will finish in December, leaving 5+ weeks till Feb 7 results.

It wouldn't surprise me if Sanderson was still in situ, stealing a living when the next World Cup comes round. Gawd knows how many shares will be in circulation by then. I'll have a conservative guess and say 200 billion.